ITR Filing for Companies – Accurate Corporate Tax Compliance

Timely filing of company income tax return to avoid penalties and notices.

Frequently Asked Questions

Private Limited Companies

All Pvt Ltd companies must file income tax returns every financial year, even if there is no turnover.

Public companies are mandatorily required to file ITR irrespective of profit or loss.

Companies earning revenue from trading, manufacturing, or services must file corporate tax returns.

Even if the company incurs losses, filing ITR is necessary to carry forward losses.

To claim deductions, exemptions, or refunds of excess TDS, ITR filing is mandatory.

Eligibility Criteria

Registered Company under Companies Act

Valid PAN of Company

Books of accounts prepared

Statutory Audit completed (if applicable)

Digital Signature Certificate (DSC) of Director

Documents Required

PAN Card of Company

1.

Certificate of Incorporation

2.

Audited Financial Statements (Balance Sheet & P&L)

3.

Tax Audit Report (if applicable)

4.

TDS Certificates (Form 16A)

5.

Form 26AS / AIS / TIS

6.

Bank Statements

7.

Details of Advance Tax paid Deductions & Depreciation

9.

Step-by-Step Process

Preparation and finalization of financial statements

01

Completion of statutory audit (if applicable)

02

Computation of taxable income

03

Adjustment of carried forward losses

04

Calculation of tax liability

05

Selection of correct ITR Form (ITR-6)

06

Online filing on Income Tax Portal using DSC

07

Generation of acknowledgment (ITR-V)

09

Estimated Timeline 10–15
working days

Government Fees Varies by authorised capital (starts at ₹500)

Penalty & Non-Compliance Risks

Late filing fee under Section 234F

Interest under Section 234A/B/C

Loss of carry forward of losses

Penalty for underreporting of income

Income Tax scrutiny notices

Compliance Checklist

Frequently Asked Questions

Is ITR filing mandatory for companies with no income?

Yes, even dormant or loss-making companies must file ITR.

Statutory audit is mandatory for companies; tax audit applicability depends on turnover criteria.

Statutory audit is mandatory for companies; tax audit applicability depends on turnover criteria.

Penalty, interest, loss of carry-forward benefits, and possible scrutiny.

Yes, companies must file ITR using a Digital Signature Certificate.

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