Company ITR Filing in India

File the Income Tax Return of your business online in India

Company ITR Filing in India
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Income Tax Return

Income Tax Return or ITR is the annual tax return to be filed with the Income Tax Department. All eligible individuals, companies, firms, companies and other entities in India are required to file an ITR on their annual income every year on or before September 30.

There are different tax slabs on the basis of which the tax rates are applied on the annual income of a person. Income tax must be filed annually on the basis of these tax slabs if the income of an individual or company crosses the exemption limit. The ITR is the document that lays down the details of tax paid by a person along with the requisite deductions like investments, TDS, pay slips, rent receipts, etc.

Income Tax Return or ITR is the annual tax return to be filed with the Income Tax Department. All eligible individuals, companies, firms, companies and other entities in India are required to file an ITR on their annual income every year on or before September 30. There are different tax slabs on the basis of which the tax rates are applied on the annual income of a person. Income tax must be filed annually on the basis of these tax slabs if the income of an individual or company crosses the exemption limit. The ITR is the document that lays down the details of tax paid by a person along with
he requisite deductions like investments, TDS, pay slips, rent receipts, etc.

Income Tax Return or ITR is the annual tax return to be filed with the Income Tax Department. All eligible individuals, companies, firms, companies and other entities in India are required to file an ITR on their annual income every year on or before September 30.

There are different tax slabs on the basis of which the tax rates are applied on the annual income of a person. Income tax must be filed annually on the basis of these tax slabs if the income of an individual or company crosses the exemption limit. The ITR is the document that lays down the details of tax paid by a person along with the requisite deductions like investments, TDS, pay slips, rent receipts, etc.

Cost effective & Transparent Pricing

Basic

Rs. 2899/- inclusive of all fees

Income tax return filing for a Proprietorship firm with less than Rs. 25 lakh turnover.

Standard

Rs. 5899/- inclusive of all fees

Income tax return filing for a Partnership firm and LLP with less than Rs. 25 lakh turnover.

Premium

Rs. 9899/- inclusive of all fees

Income tax return filing for a private limited company with less than Rs. 25 lakh turnover.

Frequently Asked Questions

What is Income Tax?
Income tax is a direct tax applicable on the income of a person. Income tax is charged by the Government of India under the Income Tax Act, 1961. Income tax is collected on the total income earned during the year starting from April 1 to March 31 of next year.
What is Previous year and Assessment Year?
Previous Year is the financial year in which the income is earned. The income earned during this previous year is charged to tax in Assessment Year, which is the year after previous year.
Who is liable to pay Income Tax?
Every person is liable to pay tax in India if his total income is more than the income notified by the government in the slab rates. A person includes: 1. An Individual 2. Hindu Undivided Family (HUF) 3. Company 4. Firm 5. Association of Persons (AOP) or Body of Individuals (BOI) 6. Local Authority 7. Artificial Juridical Persons
On what amount is Income Tax calculated?
Income tax is calculated on the net income chargeable to tax after applying deductions. There are different tax slab rates for different taxable incomes.
How is Income tax paid to the government?
The payment of income taxes can be made to the government by either physical mode i.e. cash or cheque at any designated bank branch or e-payment on NSDL website. Payment is to be made in Challan 280 in both the cases.
What is an Income Tax Return?
An Income Tax Return (ITR) is a statement of income earned to calculate tax liability and payment or refund of taxes. The purpose of filing an ITR is to report the income and taxes paid thereon to the government.
What are the different kinds of ITR Forms?
The type of ITR forms include the following: 1. For Individuals or Hindu Undivided Family: ITR-1, ITR-2, ITR-3, and ITR-4 2. For Company: ITR-6 and ITR-7 3. For other than Individuals and Company: ITR-5
Is a PAN Card needed to file an ITR?
Yes, a company must have a PAN to file an income tax return.
What are the due dates for filing an ITR?
The due date for filing the ITR of a company is September 30; for a person whose accounts are required to be audited under Section 44AB- 30th September; for working partner in a firm, when tax audit is required- September 30; for individuals, HUF, AOP, BOI, etc., when no tax audit is needed under Section 44AB- July 31.
What to do if there is an error in the ITR filed?
If there is an error found in the ITR filed, it can be rectified under Section 139(5). Revised ITR can be filed by any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.

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