Get professional support for Company ITR Filing in Punjab. Timely return filing ensures legal compliance, tax benefits, and smooth 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 Punjab.
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 Punjab
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Punjab.
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 Punjab
Income Tax Return (ITR) filing is a compulsory compliance for every company registered in Punjab, regardless of profit, turnover, or business operations. It promotes financial transparency, enables businesses to claim deductions, carry forward losses, and ensures compliance with the Income Tax Act. Timely filing not only protects companies from penalties but also strengthens their credibility while applying for loans, government tenders, and registrations. With accurate documentation and proper audit compliance, companies in Punjab can achieve smooth, error-free, and hassle-free ITR filing.
All companies registered in Punjab are required to file Income Tax Returns, irrespective of their size, profit, or turnover. This includes:
Private Limited Companies – Even if there is no business activity or profit.
Public Limited Companies – Mandatory annual filing to report financials.
One Person Companies (OPC) – Required to file ITR every year.
Section 8 Companies (Non-Profits) – Must file returns to disclose income and expenditure.
LLPs treated as companies under tax laws – Where applicable.
Legal Compliance – Mandatory under the Income Tax Act, ensuring companies stay compliant and penalty-free.
Carry Forward of Losses – Allows businesses to carry forward and set off losses in future years.
Easy Loan & Credit Approval – Strengthens financial credibility for bank loans, overdrafts, and credit facilities.
Business Transparency – Builds trust with investors, partners, and government authorities.
Eligibility for Tenders & Registrations – Many government tenders and licenses require ITR proof.
Avoidance of Penalties – Timely filing helps companies save on interest, late fees, and legal consequences.
Company PAN Card – PAN details of the company for tax identification.
CIN & Incorporation Certificate – Corporate Identification Number and company registration proof.
Digital Signature Certificate (DSC) – Active Class 3 DSC of the authorized company signatory.
Audited Financial Statements – Balance Sheet, Profit & Loss Account, Notes, and supporting Schedules.
Audit Reports (if applicable) – Statutory Audit Report and Tax Audit Report (Form 3CA/3CB with 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 challans.
Form 26AS, AIS & TIS – Tax credit statement and annual income details as per Income Tax portal.
GST Returns (if applicable) – Monthly/quarterly GST filings for turnover and tax reconciliation.
Previous Year’s ITR – Copy of last year’s 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
Obtain/Update DSC – Ensure the authorized signatory holds a valid Class 3 Digital Signature Certificate (DSC) and register it on the Income Tax portal.
Finalize Books of Accounts – Close the financial year’s books and prepare audited financial statements, including Balance Sheet, Profit & Loss Account, and supporting schedules.
Complete Audit Compliance – If applicable, obtain the Statutory Audit Report and/or Tax Audit Report (Form 3CA/3CB with 3CD) certified by a Chartered Accountant.
Collect Necessary Documents – Keep PAN, CIN, bank statements, GST returns, Form 26AS/AIS/TIS, and previous year’s ITR ready.
Login to e-Filing Portal – Visit www.incometax.gov.in and log in using the company’s PAN credentials.
Select the Correct ITR Form – Most companies are required to file ITR-6, except those claiming exemption under Section 11.
Enter Return Details – Fill in income, deductions, taxes paid, TDS/TCS information, and other relevant data.
Validate & Upload – Cross-check details, attach audit reports (if required), and upload the return using DSC.
E-Verify the Return – Complete filing by e-verifying the ITR through the portal.
Download ITR-V Acknowledgement – Save the acknowledgment form for company records and compliance purposes.
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