“Get expert assistance for Company ITR Filing in Chandigarh with PNB. Filing returns on time ensures statutory compliance, maximizes tax benefits, and supports hassle-free business growth.”
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 PNB.
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 PNB
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Chandigarh PNB.
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 PNB
Every company registered in Chandigarh, whether operating actively or remaining dormant, is required to file its Income Tax Return (ITR) annually. Timely filing not only ensures compliance with the Income Tax Act but also provides several advantages such as carrying forward losses, smooth loan approvals, and maintaining a strong financial record.
For companies banking with Punjab National Bank (PNB), proper ITR filing also helps in strengthening financial credibility, which can be beneficial when applying for loans, credit facilities, or other banking services. Professional assistance in filing ensures accuracy, minimizes risks of penalties, and supports seamless business growth.
All companies registered in Punjab are mandatorily required to file Income Tax Returns (ITR), regardless of their size, turnover, or profit status. This obligation applies to:
Private Limited Companies – Filing is compulsory even if there is no business activity or profit.
Public Limited Companies – Annual ITR filing is required to report financials.
One Person Companies (OPC) – Must file returns every financial year without exception.
Section 8 Companies (Non-Profits) – Required to disclose income and expenditure through ITR filing.
LLPs treated as companies under tax laws – Where applicable, they must comply with company ITR filing requirements.
Statutory Compliance – Filing ITR is mandatory under the Income Tax Act, keeping companies legally compliant and penalty-free.
Carry Forward of Losses – Enables businesses to offset current losses against future profits, reducing tax liability.
Better Loan & Credit Access – Enhances financial credibility, making it easier to secure bank loans, overdrafts, and credit facilities.
Enhanced Business Transparency – Promotes trust among investors, stakeholders, and government authorities.
Eligibility for Tenders & Licenses – Many government tenders, contracts, and registrations require valid ITR records.
Avoidance of Penalties & Interest – Timely filing helps prevent late fees, additional interest, and legal consequences.
Company PAN Card – PAN details for tax identification and compliance.
CIN & Incorporation Certificate – Proof of company registration along with Corporate Identification Number.
Digital Signature Certificate (DSC) – Active Class 3 DSC of the authorized signatory for e-filing.
Audited Financial Statements – Balance Sheet, Profit & Loss Account, Notes, and supporting Schedules.
Audit Reports (if applicable) – Statutory Audit Report and/or Tax Audit Report (Form 3CA/3CB with Form 3CD).
Bank Account Statements – Complete statements of all company bank accounts for the financial year.
TDS/TCS Certificates & Challans – Records of tax deducted/collected at source along with payment challans.
Form 26AS, AIS & TIS – Tax credit statements and income details as per Income Tax portal records.
GST Returns (if applicable) – Monthly or quarterly GST filings for turnover reporting and tax reconciliation.
Previous Year’s ITR – Copy of the last filed return for reference and carry forward of losses.
“The Income Tax Department has specified different ITR forms for companies in West Bengal based on their business nature and income type:
ITR 6 – For all companies, including Private Limited, Public Limited, and One Person Companies (OPCs), that do not claim exemptions under Section 11 (charitable or religious purposes).
ITR 7 – For companies registered as charitable or religious trusts, political parties, research associations, universities, or other institutions eligible for exemptions under Sections 139(4A), 139(4B), 139(4C), or 139(4D).”
-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
Company PAN Card – PAN details for tax identification and compliance.
CIN & Incorporation Certificate – Proof of company registration along with Corporate Identification Number.
Digital Signature Certificate (DSC) – Active Class 3 DSC of the authorized signatory for e-filing.
Audited Financial Statements – Balance Sheet, Profit & Loss Account, Notes, and supporting Schedules.
Audit Reports (if applicable) – Statutory Audit Report and/or Tax Audit Report (Form 3CA/3CB with Form 3CD).
Bank Account Statements – Complete statements of all company bank accounts for the financial year.
TDS/TCS Certificates & Challans – Records of tax deducted/collected at source along with payment challans.
Form 26AS, AIS & TIS – Tax credit statements and income details as per Income Tax portal records.
GST Returns (if applicable) – Monthly or quarterly GST filings for turnover reporting and tax reconciliation.
Previous Year’s ITR – Copy of the last filed return for reference and carry forward of losses.
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