ITR filing for companies/firms
Plan characteristics:
ITR filing for company/firms can be a time consuming and bizarre process due to the complexities of the taxation. But you do not have to worry because TaxHelpdesk has specially curated a plan for Income Tax Return For Companies/Firms.
ITR Filing For Companies/Firms: Services Provided
- Income Tax Return For Companies/Firms
- Declaration of the income of the companies/firms
- Claiming of deductions as well as expenses
- TaxHelpdesk’s Income Tax expert full support
To whom is this plan applicable?
Requisite Documents for ITR-6 filing
– PAN Card of company/firm
– Financial Statements
– TDS Certificates
– Form 16 and Salary details (if company/firm has salaried employees)
– Bank statements
– Tax Payment Challans
– Depreciation schedule
– Capital Gains details
– Details of assets sold and purchased
– Details of income from any other sources
– Balance sheet of Individual
– Auditor’s report
– Lastly, Profit and Loss A/c
FAQs
Yes, companies and firms are generally required to get their accounts audited as per the provisions of the Income Tax Act. The tax audit report, prepared by a qualified chartered accountant, needs to be obtained and attached while filing the ITR.
The due date for filing ITR for companies and firms in India is generally September 30th of the assessment year. However, it is advisable to check the latest notifications and circulars issued by the Income Tax Department for any changes in the due dates.
Late filing or non-filing of ITR can attract penalties and interest charges. The penalty can range from a minimum of Rs. 10,000 to a maximum of Rs. 1,00,000, depending on the delay and the total income of the company or firm. So make sure to file your ITR.
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