Discover comprehensive information on ITR filing for companies in Assam. Find out about key deadlines, the filing process, and essential requirements to ensure smooth and compliant tax submission.
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 Assam.
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 Assam
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Assam.
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 Assam
Private Limited Companies: Mandatory to file ITR annually, regardless of whether there is any business activity or profit.
Public Limited Companies: Required to file ITR every year, irrespective of their turnover or income levels.
Limited Liability Partnerships (LLPs): Must file annual returns whether they are in profit or loss.
One Person Companies (OPCs): Obliged to file ITR within the prescribed due date each year.
Loss-Making or Dormant Companies: Even if the company has nil income or remains inactive, filing ITR is compulsory.
Companies Under Audit: Entities subject to statutory or tax audit need to file ITR along with the relevant audit reports.
Legal Compliance: Ensuring strict adherence to Assam’s tax laws and regulations helps companies avoid legal complications and penalties, safeguarding their operational integrity.
Financial Transparency: Accurate ITR filing reflects accountability and openness in financial dealings, thereby strengthening trust among stakeholders, investors, and partners.
Credibility and Reputation: Consistent and timely ITR submissions enhance the company’s credibility in the market, fostering confidence among investors, clients, and business associates.
Loan and Funding Eligibility: Maintaining comprehensive and up-to-date tax records simplifies the process of securing loans, credit lines, and investment opportunities, supporting business expansion.
Business Growth: Proper tax compliance and financial record-keeping facilitate smooth operations and strategic planning, contributing to sustained growth and development.
Government Benefits: Filing ITR allows companies to access various government schemes, incentives, and benefits designed to promote business advancement and industry support.
Avoidance of Penalties: Timely submission of ITR prevents late fees, penalties, and legal issues, ensuring uninterrupted business activities.
Record Keeping: Maintaining organized financial documentation through ITR filing is essential for audits, future reference, and overall financial management.
Registration Certificate: A clear copy of the company’s official registration certificate, such as the Certificate of Incorporation, serving as proof of legal establishment.
PAN Card: The company’s Permanent Account Number (PAN) card, which is essential for all tax-related filings and transactions.
Financial Statements: Audited financial documents for the relevant financial year, including the Balance Sheet, Profit & Loss Account, and Cash Flow Statement, providing a complete overview of the company’s financial health.
Tax Audit Report: When applicable, the tax audit report (Form 3CB/3CD), validating that the company’s accounts have been audited as per statutory requirements.
Bank Statements: Complete bank statements for all business accounts maintained during the financial year, reflecting income deposits and expense payments.
TDS Certificates: Tax Deducted at Source (TDS) certificates such as Form 16A and the Annual Tax Statement (Form 26AS), received from deductors, confirming tax deductions on payments made.
Income Details: Detailed records of all income earned throughout the year, including business revenue, interest, dividends, and other sources of income.
Expense Documentation: Supporting documents like bills, invoices, and receipts that substantiate business expenses claimed during the financial year.
Audit Reports: Official statutory audit reports, if required, providing an independent assessment of the company’s financial statements.
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
Gather Required Documents: Collect all essential documentation, including the company’s registration certificate, audited financial statements, bank statements for all accounts, TDS certificates (such as Form 16A and 26AS), and any other relevant records necessary for accurate filing.
Prepare Financial Statements: Ensure that the company’s financial statements—Balance Sheet, Profit & Loss Account, and Cash Flow Statement—are meticulously prepared and, if applicable, audited by a qualified Chartered Accountant to ensure compliance and accuracy.
Calculate Taxable Income: Accurately determine the total income earned during the financial year, accounting for all sources, and subtract permissible deductions to establish the taxable income.
Assess Tax Liability: Compute the company’s tax liability based on the taxable income, adhering to the current corporate tax laws and rates applicable for the financial year.
Complete the ITR Forms: Access the appropriate Income Tax Return form for companies (such as ITR-6 for corporate entities other than those claiming exemption), and accurately fill in all required details, ensuring consistency with financial data.
Attach Supporting Documents: Upload and attach all necessary supporting documents, including audited financial statements, tax audit reports (if applicable), and relevant certificates, to substantiate the information provided.
Review and Submit: Carefully verify all entered details for correctness and completeness. Submit the filed return electronically via the Income Tax Department’s e-filing portal.
Complete E-Verification: Finalize the submission by completing the verification process through electronic methods like OTP, EVC, or by mailing a physically signed ITR-V acknowledgment to the Central Processing Centre (CPC).
Obtain Confirmation: Once successfully submitted and verified, a confirmation receipt or acknowledgment is generated. Save and retain this document for your records and future reference.
Monitor and Follow Up: Regularly check the e-filing portal for any updates, notices, or communications regarding your filed return to ensure compliance and address any potential discrepancies promptly.
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