ITR Filing for Companies in Maharashtra – Stay compliant, prevent penalties, and strengthen financial credibility.
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 Maharashtra.
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 Maharashtra
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Maharashtra.
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 Maharashtra
Filing Income Tax Returns (ITR) is a mandatory obligation for every company registered in Maharashtra, irrespective of its profit, turnover, or scale of operations. It promotes financial transparency, allows businesses to claim deductions, carry forward losses, and ensures compliance with the Income Tax Act. Timely filing not only safeguards companies from penalties but also enhances their credibility when applying for loans, government tenders, or registrations. With proper documentation and adherence to audit requirements, companies in Maharashtra can achieve a seamless, accurate, and hassle-free ITR filing process.
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
Legal Compliance: Ensures companies follow government regulations, helping to avoid penalties, fines, and legal disputes.
Financial Transparency: Maintains precise and transparent financial records, which are vital for audits, financial assessments, and reporting.
Enhanced Credibility: Reflects sound financial management, increasing trust and confidence among investors, banks, and other stakeholders.
Easier Loan and Credit Approvals: Properly filed ITRs improve the chances of securing loans and credit from financial institutions.
Tax Refunds and Deductions: Allows companies to claim eligible refunds and deductions, effectively reducing overall tax liabilities.
Business Growth Support: Accurate financial documentation facilitates strategic decision-making and paves the way for expansion.
Prevention of Future Issues: Regular ITR filing minimizes the risk of audits, penalties, and compliance-related disruptions, ensuring smooth and trouble-free operations.
ITR-6: For: Private Limited Companies, Public Limited Companies, and other companies not claiming exemption under section 11.
Usage: Applicable to most companies, excluding those required to file ITR-7.
ITR-7: For: Entities claiming exemption under sections 11, 12, 13, or other specific provisions, such as trusts, political parties, and charitable organizations.
Usage: Suitable for trusts, societies, political parties, universities, and similar entities.
-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: This will include financial statements (Balance Sheet, Profit & Loss Account, Schedule of Income & Expenditure), supporting documents for deductions, and any other relevant financial records. Specific requirements vary based on the company type.
Choose the Correct ITR Form: As mentioned previously, different ITR forms are used for different types of companies. ITR-6 is common for most companies.
Prepare the ITR Form: Carefully fill out the ITR form with accurate financial data. Errors can lead to delays or penalties.
Calculate Tax Liability: Determine the company’s tax liability based on the income and applicable tax rates.
Pay Taxes (if applicable): If the calculated tax liability is due, pay the tax amount through the prescribed channels.
E-Filing: Use the e-filing portal (the official Income Tax Department website) to submit the filled-out ITR form electronically. Ensure you have all the required digital signatures and credentials.
Verification: Once submitted, you’ll likely receive a confirmation message. Double-check for any errors and ensure everything is filed correctly.
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