“Simplify ITR Filing for Companies in Chandigarh with expert guidance. Ensure timely compliance, avoid penalties, claim refunds, and boost financial credibility with our hassle-free filing services.”
Complete Your ITR Filing
Ready Your ITR Filing For Companies with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing For Companies In Chandigarh HR.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing For Companies In Chandigarh HR
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Chandigarh HR.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing For Companies In Chandigarh HR
Filing Income Tax Returns (ITR) is a statutory obligation for every company registered in Chandigarh, regardless of turnover, profit, or business activity. This requirement covers Private Limited Companies, Public Limited Companies, One Person Companies (OPCs), Limited Liability Partnerships (LLPs), and Section 8 Companies. Even entities with nil income, accumulated losses, or dormant status must file ITR under the Income Tax Act. Timely compliance not only ensures adherence to legal requirements and prevents penalties but also strengthens financial credibility, allows the carry forward of losses, improves eligibility for loans and credit facilities, and enhances prospects for participating in government tenders and contracts.
Private Limited Companies: Must file ITR annually, regardless of business activity or profit.
Public Limited Companies: Required to submit ITR every year, regardless of turnover or income.
Limited Liability Partnerships (LLPs): Obliged to file annual returns whether profitable or incurring losses.
One Person Companies (OPCs): Mandatory to file ITR annually, irrespective of income or activity.
Loss-Making or Dormant Companies: Need to file ITR even if inactive or reporting losses.
Companies Undergoing Audit: Required to file returns along with audit reports if subject to statutory or tax audits.
Mandatory Compliance: Keeps companies aligned with the Income Tax Act and Companies Act, avoiding penalties, fines, and legal complications.
Carry Forward of Losses: Enables set-off of current-year losses against future profits, reducing upcoming tax liabilities.
Enhanced Financial Credibility: Demonstrates transparency and reliability, building confidence among banks, investors, and regulators.
Easier Access to Finance: Filed ITR acts as proof of financial stability, simplifying approval for loans, credit facilities, and investments.
Eligibility for Tenders & Contracts: Many government and corporate projects require ITR filings as proof of compliance and financial soundness.
Streamlined Audit & Compliance: Regular and timely filing ensures smoother audits and better preparedness for regulatory checks.
Company Identification Documents: PAN, Corporate Identification Number (CIN), and Certificate of Incorporation.
Digital Signature Certificate (DSC): Valid Class 3 DSC of the company’s authorized signatory.
Audited Financial Records: Balance Sheet, Profit & Loss Account, Notes to Accounts, and Schedules.
Audit Reports: Statutory Audit Report and, if applicable, Tax Audit Report (Form 3CA/3CB & 3CD) with a valid UDIN.
Bank Statements: Statements of all business bank accounts for the relevant financial year.
Tax Records: Form 26AS, AIS/TIS, TDS/TCS certificates, and challans for advance or self-assessment tax payments.
GST Filings: Monthly/quarterly returns and annual GST return, where applicable.
Loan & Investment Documentation: Records of secured/unsecured loans, advances, and investments
ITR-6: To be filed by all companies except those claiming exemption under Section 11 (such as charitable or religious trusts). This form is used for regular profit-making companies.
ITR-7: To be filed by companies registered under Section 8 (non-profit organizations) or those claiming exemption under Section 11 (charitable or religious trusts).
-Without Audit: July 31, 2025
–With Audit (Under Section 44AB): October 31, 2025
–Transfer Pricing Cases: November 30, 2025
The income tax rate for companies in India depends on the type of company, turnover, and whether they opt for special tax regimes.
Type of Company | Tax Rate |
Companies with turnover up to ₹400 crore (in FY 2022-23) | 25% |
Companies with turnover above ₹400 crore | 30% |
Companies opting for Section 115BA (new manufacturing companies set up on or after March 1, 2016) | 25% |
Companies opting for Section 115BAA (reduced corporate tax rate without exemptions) | 22% |
New manufacturing companies opting for Section 115BAB | 15% |
Surcharge & Cess (for Domestic Companies)
Income Type | Tax Rate |
Income from Indian operations (e.g., royalty, fees for technical services) | 40% |
Other income from business operations in India | 40% |
Surcharge & Cess (for Foreign Companies)
Tax Rate Summary for Companies Under Special Tax Regimes
Section | Tax Rate | Applicability |
115BA | 25% | Domestic manufacturing companies (set up after March 1, 2016) |
115BAA | 22% | Companies that do not claim exemptions/deductions |
115BAB | 15% | New manufacturing companies (set up on or after October 1, 2019) |
Additional Tax Implications for Companies
✔ Minimum Alternate Tax (MAT) – 15% of book profits (if applicable, under Section 115JB)
✔ Dividend Distribution Tax (DDT) – Abolished from April 1, 2020 (dividends are taxed in the hands of shareholders)
Penalty for Late Filing
–₹5,000 to ₹10,000 penalty under Section 234F
–Interest on outstanding tax under Section 234A, 234B & 234C
Obtain/Update DSC: Ensure the company’s authorized signatory has a valid Class 3 Digital Signature Certificate (DSC) registered on the Income Tax portal.
Finalize Financial Statements: Close books of accounts and prepare the audited Balance Sheet, Profit & Loss Account, Notes, and Schedules.
Complete Audit Compliance: If applicable, obtain the Statutory Audit Report and/or Tax Audit Report (Form 3CA/3CB & 3CD) certified by a Chartered Accountant with a valid UDIN.
Gather Key Documents: Collect PAN, CIN, bank statements, Form 26AS/AIS/TIS, TDS/TCS certificates, GST returns, challans, and loan/investment records.
Log in to the Income Tax Portal: Visit www.incometax.gov.in and sign in using the company’s PAN and credentials.
Select the Correct ITR Form: Choose ITR-6 or ITR-7 based on company type and applicability.
Fill & Validate Details: Enter accurate income, expense, deduction, and tax data, then validate the entries.
Upload Audit Reports & Schedules: Attach mandatory audit reports and financial statements, where required.
Verify & Submit: Authenticate the return using DSC and submit it electronically on the portal.
Download Acknowledgment: Save the ITR-V acknowledgment securely for future compliance and record-keeping.
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