Filing Income Tax Returns (ITR) for companies is a crucial compliance requirement under Indian tax laws. At Ractax, we simplify this process by providing expert-driven solutions tailored to your company’s needs, ensuring accuracy, timely submission, and adherence to all legal requirements.
Why is ITR Filing Essential for Companies?
Mandatory for all companies, regardless of whether they generate profits or losses.
Ensures compliance with the Income Tax Act, 1961.
Avoids penalties for late or incorrect filing.
Builds financial credibility and transparency for investors and stakeholders.
Types of Companies Requiring ITR Filing
- Private Limited Companies
- Public Limited Companies
- One Person Companies (OPC)
- Section 8 Companies (Non-profits)
- Partnership Firms Converted to Companies
- Foreign Companies Operating in India
Why Choose Ractax for Company ITR Filing?
- Expert Team: Our seasoned tax professionals are well-versed in company tax laws.
- Customized Solutions: Tailored strategies to suit your company’s operations, turnover, and industry.
- Accurate Filing: We ensure all deductions, exemptions, and rebates are applied for maximum tax efficiency.
- End-to-End Service: From document preparation to submission, we handle the entire process.
- Timely Compliance: Avoid penalties with our deadline-driven approach.
Documents Required for Company ITR Filing
- PAN card of the company
- Certificate of Incorporation
- Audited financial statements (Profit & Loss, Balance Sheet)
- Bank statements for the financial year
- Tax payment challans (Advance Tax, TDS, etc.)
- GST returns and invoices
- Previous year’s ITR and audit reports (if applicable)
Key Deadlines for Company ITR Filing
For Companies Requiring Audit: 30th September of the assessment year.
For Companies Not Requiring Audit: 31st July of the assessment year.
Benefits of Filing ITR with Ractax
- Compliance Made Simple: Stay on top of legal requirements without stress.
- Improved Financial Planning: Identify tax-saving opportunities and deductions.
- Credibility & Transparency: Enhance investor and stakeholder confidence.
- Avoid Penalties: File accurate returns to prevent penalties or notices from tax authorities.
Let Ractax Handle Your Company’s ITR
Filing ITR for your company doesn’t have to be a burden. With Ractax, you get professional expertise and seamless service. Stay compliant, save taxes, and focus on growing your business while we take care of your tax obligations.
Contact Us Today to ensure your company’s ITR is filed on time and error-free!