“Companies in Rajasthan must file their Income Tax Returns (ITR) annually to comply with Indian tax regulations. The process involves submitting financial statements and tax computations through the Income Tax Department’s portal before the due date.”
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 Rajasthan.
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 Rajasthan
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Rajasthan.
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 Rajasthan
Companies functioning in Rajasthan are required to file their Income Tax Returns (ITR) annually with the Indian Income Tax Department. This obligation guarantees adherence to tax regulations, precise declaration of income, and proper settlement of tax dues. The process involves submitting financial statements, audit reports (if necessary), and other relevant tax information via the official e-filing portal within the designated deadlines. Prompt and accurate ITR submission helps companies prevent penalties and preserves their good standing with tax authorities.
All companies registered and functioning in Rajasthan must file their Income Tax Returns if they meet specific criteria, including:
Legal Compliance: Filing ITR ensures strict adherence to Indian tax laws, helping companies avoid penalties, legal disputes, and future compliance issues.
Enhances Financial Credibility: A timely ITR submission strengthens the company’s reputation with banks, investors, and partners, showcasing transparency and reliability.
Facilitates Loan and Credit Approvals: Proper tax documentation simplifies the process of obtaining business loans and credit facilities by providing verified proof of income and tax compliance.
Enables Tax Refund Claims: Filing ITR allows companies to claim refunds on any excess taxes paid, optimizing cash flow.
Supports Business Continuity: Maintaining regular ITR filings helps preserve good standing with government authorities, ensuring smooth ongoing operations.
Aids in Audit and Verification: Detailed income and expense records submitted through ITR assist in audits and financial assessments, ensuring accuracy and transparency.
Builds a Digital Financial Record: Regular ITR filings create a systematic digital trail of financial transactions and tax payments for future reference.
Assists in Strategic Planning: Accurate income reporting through ITR filings provides valuable insights for financial planning and evaluating business growth prospects.
PAN Card of the Company: The company’s Permanent Account Number for identity verification and tax purposes.
Audited Financial Statements: Comprehensive reports including the balance sheet, profit and loss account, and cash flow statements for the relevant financial year.
Tax Audit Report (if applicable): Form 3CB/3CD, required when the company’s turnover exceeds specified limits, to certify compliance.
Book of Accounts: Detailed records documenting income, expenses, assets, and liabilities to substantiate financial data.
Bank Statements: Statements from all business bank accounts for the entire financial year.
GST Returns and Invoices: Records of Goods and Services Tax paid and collected, along with filed GST returns.
Details of TDS Deducted and Deposited: TDS certificates (such as Form 16A) and related documentation for tax deducted on payments like salaries, contracts, etc.
Details of Capital Gains (if applicable): Documentation pertaining to the sale or transfer of assets that result in capital gains.
Details of Loans and Borrowings: Statements and supporting documents related to loans, credit facilities, and interest payments made during the year.
“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
Gather Necessary Documents: Collect all pertinent financial records, including audited financial statements, GST returns, TDS certificates, bank statements, and other supporting documentation.
Prepare Financial Statements: Finalize the company’s balance sheet, profit and loss account, and cash flow statements with the assistance of authorized accountants or auditors.
Determine Filing Requirements: Assess whether the company is required to file a Tax Audit Report (Form 3CB/3CD) based on turnover thresholds and other criteria.
Calculate Taxable Income: Compute the company’s total income, applicable deductions, and tax liability using the financial data.
Register on the Income Tax Portal: If not already registered, create an account on the Income Tax Department’s e-filing portal (https://www.incometax.gov.in).
Download the Appropriate ITR Form: Typically, ITR-6 is used for companies, or ITR-7 if applicable. Select the correct form suited to the company’s type.
Complete the ITR Form: Accurately input all required details, including income, deductions, TDS details, and tax payments. Attach necessary schedules and supporting documents.
Validate the Data: Review all entries for accuracy and completeness. Use the validation feature to identify and correct errors.
Upload and Submit the ITR: Submit the finalized return electronically through the portal. Upon successful submission, generate and retain the acknowledgment receipt (ITR-V).
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