Income tax and other aspects for a freelance team

I have been working as a freelance writer since 2014. Later on, I signed up on different online platforms where I could get new projects on freelance writing. In the month of June 2015, a friend joined me and we both started working together. After one year, we decided to bring our friends as well. Right now, we are a team of 6. We all have our profiles on different online platforms where we get new projects. We also use these platforms to communicate with freelancers outside India and ask for help with our projects. Now regarding payments and all, the online platforms where we get work and get paid, pay us to our individual bank accounts. Sometimes, we use these platforms to pay freelancers outside India who help us with our projects. Sometimes, we pay directly via PayPal from our individual bank accounts. After December last year, we decided to take it ahead and give it a form of actual business entity. We registered our company in March this year. Myself and one of our team mates are registered as the founders of this company. We are about to open our business bank account and start operating under the name of our business. Is there anything that I need to take care of? What about taxation? So far, I have been paying my income taxes and the friend who joined me in 2015 has his IT file has well. Rest of the teammates joined after March 2017 and we will file their income tax this year.