Taxation

Corporate Income Tax Filing

Annual income tax return filing for Private Limited Companies, LLPs and Partnership firms with complete computation and documentation support.

Overview

Corporate tax filing requires careful computation of income, allowable deductions, depreciation, carried-forward losses and advance tax reconciliation. We handle the complete process from data collection to filing and acknowledgment.

Applicable for Pvt Ltd companies (ITR-6), LLPs (ITR-5) and partnership firms with proper tax audit coordination where applicable.

Key Benefits

  • Accurate computation of taxable income
  • Maximization of allowable deductions and exemptions
  • Proper advance tax reconciliation
  • Tax audit coordination (44AB) where applicable
  • MAT/AMT computation as required

Documents Required

  • Audited financial statements
  • Bank statements for the financial year
  • TDS certificates (Form 26AS/AIS)
  • Details of advance tax payments
  • Previous year returns and computation

Process

  1. Financial data collection and review
  2. Income computation and deduction optimization
  3. Tax liability calculation
  4. Return preparation (ITR-5/ITR-6)
  5. Filing and acknowledgment
  6. Advance tax planning for next year

FAQs

What is the tax rate for private limited companies?

The standard rate is 25% for companies with turnover up to Rs. 400 crores and 30% for others. New manufacturing companies can opt for a 15% rate under Section 115BAB.