Income Tax For Companies
Starting From ₹ 4,999
- Preeminent TDS filing services
- Simplify your income tax filing
- Adjust your capital gains and losses
- Ensure smoothness and transparency
- Secure, seamless, and high-quality work
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Brand highlights
$1 Million
Raised to provide quality service to startups
2000+
Registered Every year
5%
Market Share in Trademark Registration
5000+
Startups and MSMEs Served
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 proprietorship 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 for LLP. 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 ITR for private limited company becomes compulsory.
Income Tax Return for Companies Process Flow
1-2 HOURS
2 WORKING DAYS
2 WORKING DAYS
2-3 WORKING DAYS
2-3 WORKING DAYS
Documents required for Income Tax Return for Companies
- PAN Card
- Bank statements (from 1st april to 31st march)
- TDS certificates
- Interest certificates from Post Offices & Banks (if any)
- Tax-Savings Investment Proofs (if any)
- Home Loan statement from NBFC/Bank (if any)
- Capital Gains
- Other investments (if any)
- Aadhar Card
- Mail Id
- Phone no.
pricing packages
Basic Package
₹ 4,999
- Income/ Turnover upto 20 lakh
- ITR copy
- Balance sheet
- P/L
- Tax Computation with Udin
Growth Package
₹ 9,999
- Income Upto 40 Lakh
- ITR copy
- Balance sheet
- P/L
- Tax Computation with Udin
Premium
Starting From ₹ 14,999
- Turnover above 40 Lakh
- ITR copy
- Balance sheet
- P/L
- Tax Computation with Udin
- Tax Audit
Comparison
| 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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