Income Tax For Companies

Starting From ₹ 4,999 + Govt Fees

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    Market Share in Trademark Registration

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    About Income Tax Return For Companies

    Regardless of the structure of the company, every company registered under the Companies Act 2013 or earlier under the Companies Act, 1956, must file an ITR for companies using the form ITR-6. Those companies that receive income from charitable or religious organizations (exempt under Section 11) are not required to file Form ITR-6.

    Advantages of Income Tax Return for Companies

    Allows carry forward of losses

    During the first few years of a business, most businesses suffer losses. The ITR can be filed to carry forward business losses or capital losses for up to eight years. As well as being able to adjust this loss against future income, it can also be used to lower taxable income in the future. If ITR is not filed, the taxpayer is denied this benefit.

    Define financial worth

    The ITR filed with the Government specifies the financial worth of the taxpayer. The track of ITR shows the financial capacity and also raises the capital base of a person. Hence, the track of income and financial worth is determined by the previously filed ITR. Investors and institutions look ahead to returns filed to understand the capacity of the business.

    Loan Processing and high-risk cover

    The Numbers And The Capital Base Specified By The Income Tax Return Are Helpful For Loan Processing. The Higher The Financial Worth, The Easier It Is To Process The Loan. The Same Is True For High-Risk Insurance. The ITR Is A Significant Document For Making Decisions In This Regard.

    Income tax refund

    Filing tax returns is not just done to fulfill the moral and social responsibility of every citizen of the nation. If you want to claim an income tax refund, filing of company income tax return becomes compulsory.

    Income Tax Return for Companies Process Flow​

    1-2 HOURS

    Select Package
    Fill Out The Appropriate Forms Or Speak To Our Experts Online For Assistance.

    2 WORKING DAYS

    Obtain Information and Documents
    We Will Collect The Information And Needed Documents From The Taxpayer Manually.

    2 WORKING DAYS

    Computation Of Payable Income Tax
    We Will Compute The Payable Tax Based On The Information Given By The Applicant.

    2-3 WORKING DAYS

    Submission Of ITR6 Form
    We Will Fill Out The ITR6 Form Online And Will Share Its acknowledgment.

    2-3 WORKING DAYS

    Check Application Status
    Throughout The Process, We Will Keep You Informed About The Status Of Your Application.

    Documents required for Income Tax Return for Business Person

    Documents required for  income tax filing for Companies

    pricing packages

    Basic Package

    ₹ 4,999

    Growth Package

    ₹ 9,999

    Premium

    ₹ 14,999

    Comparison

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    Comparison Basis Private limited company Llp Sole proprietor
    Raising Fund
    Start-Up India Recognition
    Complince Cost
    Suited For Growing Startup Service Provider Small Business
    Taxation Benefit

    FAQs

    The General due date for filing income tax return by the assessee requiring tax audit is 30th September of the appropriate financial year.

    ITR-6 must be filed by companies that are not claiming exemption below section 11 (Income from property held for charitable or religious purposes)

    ITR-6 cannot be filed by Taxpayers who fall under the below category :

    • Individuals, Hindu Undivided Family (HUF) Firms, Association of Persons (AOP), Body of Individuals (BOI), Local Authority, and Artificial Judicial Person
    • Individuals, Hindu Undivided Family (HUF) Firms, Association of Persons (AOP), Body of Individuals (BOI), Local Authority, and Artificial Judicial Person
    • A company registered under the Indian Companies Act of 1956 or any other law should use the ITR-6 form if the company is not claiming exemption under section 11 (Income from property held for charitable or religious purposes).

    XML is a type of file format. Income details entered in the XML file get easily auto-entered in the online Form ITR-6

    • A return can be revised u/s 139(5) before processing by the department or before the expiry of the applicable assessment year whichever is earlier.
    • While uploading the original return if the assessee failed to disclose any income or claim any deduction or he likes to change the particulars of the ITR he can do revision in his ITR by uploading the fixed return.
    •  

    A return can be revised u/s 139(5) before processing by the department or before the expiry of the applicable assessment year whichever is earlier.

    While uploading the original return if the assessee failed to disclose any income or claim any deduction or he likes to change the particulars of the ITR he can do revision in his ITR by uploading the fixed return.

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