Discover the comprehensive step-by-step guide to filing Income Tax Returns (ITR) for companies in Madhya Pradesh. Receive expert insights on required documentation, deadlines, and compliance to facilitate hassle-free and precise tax filing.
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 Madhya Pradesh.
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 Madhya Pradesh
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Madhya Pradesh.
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 Madhya Pradesh
Filing Income Tax Returns (ITR) is a crucial compliance obligation for companies operating in Madhya Pradesh. It not only ensures adherence to legal requirements but also promotes transparent financial reporting and helps prevent penalties or legal complications. The process requires meticulous preparation of accurate financial statements, strict adherence to submission deadlines, and proper documentation. A clear understanding of the specific tax regulations and procedures in Madhya Pradesh is essential for smooth and timely ITR filing. Engaging with tax experts can simplify the process, ensuring your company remains compliant while effectively managing and optimizing its tax obligations.
All companies incorporated in Maharashtra must file an Income Tax Return (ITR) annually, irrespective of profit, loss, or business activity. This obligation applies to:
Private Limited Companies
Public Limited Companies
One Person Companies (OPC)
Limited Liability Partnerships (LLPs)
Section 8 Companies (Non-profits/NGOs)
Startups and Newly Incorporated Entities
Companies with Nil Income or Losses
-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 Necessary Documents: Collect all relevant documents such as financial statements, TDS certificates, bank statements, and other supporting records required for accurate filing.
Identify the Correct ITR Form: Determine whether your company should file ITR-6 or ITR-7, based on its exemption status and applicable provisions.
Calculate Taxable Income: Prepare and review the company’s income statement, deductions, and compute the total tax liability accurately.
Access the Income Tax Portal: Log in to the official e-filing website of the Income Tax Department at https://www.incometaxindiaefiling.gov.in.
Download and Complete the ITR Form: Select the appropriate form, fill in all necessary details either online or offline, ensuring accuracy and completeness.
Validate and Upload the Return: Verify the form using digital signatures, Aadhaar-based authentication, or other approved methods, then upload the validated return on the portal.
Pay Any Outstanding Tax: If there is any tax due, make the payment online through the portal before filing.
Submit the Return: Electronically submit the completed ITR form on the portal.
Verify the Return: Confirm your filing via e-verification methods such as OTP, net banking, DSC, or by sending a signed physical copy (ITR-V) to CPC Bangalore.
Receive Acknowledgment: Once verified, you will receive an acknowledgment (ITR-V), which confirms successful submission of your tax return.
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