ITR Filing for Business — Company Income Tax Return Online

The due date varies by business type: For companies requiring audit (all Pvt Ltd companies), ITR is due by October 31 of the assessment year. For non-audit cases (proprietorships without tax audit), it is July 31. For transfer pricing cases, the due date extends to November 30. Missing the deadline attracts late fees under Section 234F and interest under Section 234A. Our CA team ensures your return is always filed well before the deadline.

A Private Limited Company (and Public Limited Company, OPC) files ITR-6. LLPs and partnership firms file ITR-5. Proprietary businesses file ITR-3 or ITR-4. Charitable trusts, NGOs, and Section 8 companies file ITR-7. Filing the wrong form results in a defective return notice — our CA will confirm the correct form for your entity type.

All Private Limited Companies must get their accounts audited under the Companies Act by a Statutory Auditor — regardless of turnover. For income tax purposes (Section 44AB), a separate tax audit is required if business turnover exceeds ₹1 crore (₹10 crore for digital transactions) or professional receipts exceed ₹50 lakh. For LLPs, audit is required if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh. Our service includes tax audit coordination.

MAT (Section 115JB) applies to companies whose regular tax liability is less than 15% of their book profits. Under MAT, the company pays 15% of book profit as minimum tax, regardless of the computed income tax. This is common for companies with high depreciation or loss carryforwards. Our CA calculates both regular tax and MAT to determine the higher applicable amount and optimizes your tax position.

Common income tax disallowances for businesses include: (1) Section 40A(3) — cash payments above ₹10,000 per day to a single person; (2) Section 43B — statutory payments like PF, ESIC, gratuity deductible only when actually paid; (3) Section 40(a)(ia) — expenses on which TDS was not deducted; (4) Personal expenses claimed as business expenses. Our CA reviews all expense categories to identify disallowances before filing, so there are no surprises during assessment.

For companies, failure to file ITR on time attracts: (1) Late fee of ₹5,000–₹10,000 under Section 234F; (2) Interest at 1% per month on outstanding tax under Section 234A; (3) Penalty of ₹1,000–₹1,00,000 under Section 271F for deliberate non-filing; (4) For companies, it can also result in ROC compliance issues and disqualification of directors. File on time — our team ensures no deadline is missed.

Yes. All companies (Private Limited, Public Limited, OPC) must mandatorily file their ITR using a Digital Signature Certificate (DSC) of a director. LLPs also require DSC of a designated partner. Proprietorships and partnership firms can file using Aadhaar OTP instead of DSC. We will guide you on obtaining a DSC if you do not have one, or you can share your existing DSC with us securely for filing.

Companies must pay advance tax in 4 installments during the financial year: 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15. Advance tax is calculated on estimated total income for the year. Underpayment attracts interest under Section 234B (3% p.m. if total advance tax is less than 90% of assessed tax) and Section 234C (1% p.m. on shortfall in each installment). Our CA calculates your advance tax liability each quarter.

If your statutory audit is pending, we can first help coordinate the audit through our CA network, and then file the ITR after the audit is complete. We can also assess whether audit is mandatory for your entity and turnover. For small businesses below the audit threshold, we can file directly without waiting for an audit. WhatsApp us your situation — our CA will advise the correct path.

Form 3CA/3CB are tax audit reports issued by a Chartered Accountant. Form 3CD is a detailed statement of particulars accompanying the audit report. Form 3CA is used when accounts are already audited under another law (e.g., Companies Act). Form 3CB is used otherwise. Form 3CD contains 44 clauses covering all aspects of the business — depreciation, loans, payments, TDS compliance, etc. Our CA handles the complete preparation and filing of these forms before the September 30 deadline.