“Reliable ITR Filing Solutions for Companies in Lucknow | Professional Assistance & Hassle-Free Compliance”
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 Lucknow.
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 Lucknow
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Lucknow.
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 Lucknow
“Filing Income Tax Returns (ITR) is an essential compliance obligation for companies in Lucknow. It not only ensures adherence to the law but also promotes financial transparency and supports seamless business operations. Given the frequent changes in tax regulations and the complexities of corporate filings, professional assistance can make the process much simpler. Expert ITR filing services enable companies to prepare and submit returns accurately, reduce the risk of errors, and meet deadlines with ease. From small businesses to large corporations, adopting a structured approach to ITR filing is vital for sustaining financial stability and avoiding penalties in Uttar Pradesh.”
“In Lucknow, every registered company is required to file an Income Tax Return annually, regardless of turnover, profit, or business activity. This mandate applies to:
Private Limited Companies – including those with no income or operations.
Public Limited Companies – whether reporting profit or loss.
One Person Companies (OPCs).
Limited Liability Partnerships (LLPs).
Dormant or Liquidating Companies – where ITR filing continues to remain compulsory.
Ensures Legal Compliance: Adheres to Indian tax laws, helping avoid penalties, fines, and legal complications.
Builds Financial Credibility: Regular ITR filings create a transparent financial record, enhancing trust with banks, investors, and business partners.
Facilitates Loan and Credit Approvals: A consistent ITR history is often required by financial institutions for sanctioning business loans or credit facilities.
Enables Claiming Refunds and Deductions: Helps businesses claim tax refunds, deductions, and other benefits under Indian tax regulations.
Supports Business Growth: Demonstrates financial stability and compliance, attracting investors and aiding business expansion.
Simplifies Future Compliance: Annual filing streamlines future tax processes, audits, and regulatory obligations.
Prevents Penalties and Legal Issues: Timely submission reduces the risk of fines, interest charges, and potential legal actions.
Assists in Business Transfers: Proper ITR records are crucial for mergers, acquisitions, or business resale.
Maintains Good Standing with Authorities: Regular filings foster a positive relationship with tax authorities, minimizing scrutiny.
Supports Strategic Tax Planning: Provides a clear financial overview that aids in effective corporate and personal tax planning.
Company PAN Card: Required for tax identification and compliance purposes.
Company Registration Certificate: Incorporation or registration document issued by the Registrar of Companies (ROC).
Financial Statements:
Balance Sheet
Profit & Loss Account
Cash Flow Statement (if applicable)
Notes to Accounts
Tax Audit Report (if applicable): Certified by a Chartered Accountant, mandatory if turnover exceeds prescribed thresholds.
Income Details: Business income, Other income (e.g., interest, dividends), Capital gains
Bank Statements: Complete statements of all company bank accounts for the relevant financial year.
TDS Details: Certificates such as Form 16A and Form 26AS, if applicable.
Expense and Deduction Records: Supporting documents for claimed expenses, depreciation, and other allowable deductions.
Audit Reports and Certifications: Applicable for companies subject to statutory or tax audits.
“The Income Tax Department has specified different ITR forms for companies in Lucknow 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
Gather Required Documents: Collect all essential materials, including financial statements (Balance Sheet, Profit & Loss Account), bank statements, TDS certificates (Form 16A, 26AS), registration certificates, and other supporting documents.
Reconcile Accounts: Ensure the company’s books are accurate, complete, and up-to-date, reflecting the true financial position.
Prepare Financial Statements: With the assistance of a Chartered Accountant, draft necessary reports, including the Balance Sheet, Profit & Loss Account, and Cash Flow Statement.
Compute Tax Liability: Calculate taxable income based on financial data and determine the applicable tax obligations.
Conduct Statutory Audit (if applicable): For companies exceeding the prescribed turnover threshold, complete the statutory audit and obtain the audit report.
File Income Tax Return (ITR):
Register/Login: Access the Income Tax Department’s e-filing portal.
Select Form: Choose the correct ITR form (e.g., ITR-6 for companies not claiming exemptions).
Fill Details: Accurately enter all required information.
Upload XML: Submit the digitally signed ITR file in XML format.
Attach Supporting Documents: Upload annexures, financial statements, audit reports, and TDS certificates as required.
Validate and Submit: Review all details, validate the form, and submit the return online.
E-Verify the Return: Verify the return using DSC, Aadhaar OTP, or Electronic Verification Code (EVC). If necessary, send a signed physical copy of ITR-V to CPC Bangalore.
Receive Confirmation: Once successfully filed and verified, receive an acknowledgment (ITR-V or digital confirmation), completing the filing process.
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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