Make sure all your financial statements—such as balance sheets, profit and loss accounts, and cash flow statements—are precise, complete, and current.
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 Karnataka.
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 Karnataka
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Karnataka.
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 Karnataka
Filing Income Tax Returns (ITR) is an essential compliance obligation for companies operating in Karnataka. A smooth and precise filing process is vital for maintaining transparency, preventing penalties, and avoiding legal complications. Companies must stay informed about the latest tax regulations, keep detailed financial records, and submit their returns within the prescribed deadlines. Utilizing professional guidance and digital tools can simplify the process, helping companies optimize their tax liabilities while strengthening their reputation for compliance and financial responsibility.
Who Needs to File ITR for Companies in Karnataka?
Financial Statements: Balance Sheet, Profit & Loss Account, and Cash Flow Statement
Tax Audit Report: If applicable, including Form 3CD
GST Filings: GST registration details and filed GST returns
Company PAN Card: Permanent Account Number documentation
Bank Statements: Business bank account statements for the relevant financial year
Business Expense Records: Invoices, receipts, and expenditure documentation
Capital Gains Details: Records of asset sales and related documentation, if applicable
Previous Year’s ITR: Copy of the last filed income tax return
Registration Certificates: Business registration, incorporation, or partnership deed documents
TDS Certificates: Form 16A, Form 26AS, or other TDS receipts
Loans and Borrowings: Loan agreements and repayment schedules
Additional Supporting Documents: Any other relevant records pertaining to income and deductions
-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 documents including financial statements, tax audit reports, GST returns, bank statements, and other relevant records.
Prepare Financial Statements: Accurately prepare the Balance Sheet, Profit & Loss Account, and Cash Flow Statement for the financial year.
Complete Tax Audit (if applicable): Obtain the Tax Audit Report (Form 3CD) from a Chartered Accountant, if your company’s turnover exceeds the specified threshold.
Calculate Tax Liability: Determine the taxable income and the amount of tax payable.
Access the Income Tax Department Portal: Log in to the Income Tax e-Filing Portal.
Register or Log In: Create an account if you haven’t registered yet, or sign in using your existing credentials.
Select the Correct ITR Form: Typically, companies file ITR-6 or ITR-7, depending on their classification.
Fill in the Details: Input all necessary information, including financial data, tax paid, and other disclosures.
Upload Supporting Documents: Attach the audited financial statements, tax audit report, and any other required documents before submission.
Auriga provide expert services which can get your new business off to a flying start. We are Compliance for your business. Here you get simple and affordable online company registration and range of essential services. A world class technology – driven platform, offering end to end service from startup to well established firm.
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