Discover comprehensive guidance on ITR filing for companies in Sikkim. Stay compliant with local regulations, streamline your tax processes, and ensure accurate submissions with expert insights.
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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 Sikkim.
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 Sikkim
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 8 Return Filing In Sikkim.
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 Sikkim
All companies in Sikkim—whether Private Limited, Public Limited, One Person Company, or Section 8—must file an Income Tax Return every year, regardless of turnover, profit, or activity. A statutory audit is mandatory under the Companies Act, 2013, and a tax audit is required if turnover crosses the limits under Section 44AB of the Income Tax Act. Most companies file ITR-6, while charitable institutions claiming exemption under Section 11 use ITR-7. Filing requires audited financials, audit reports, PAN, CIN, DSC, Form 26AS/AIS/TIS, GST returns, and other records. For AY 2025–26, the due date is 30th September 2025 for the Tax Audit Report, 31st October 2025 for ITR filing, and 30th November 2025 for transfer pricing cases.
All registered companies in Sikkim—Private Limited, Public Limited, One Person Company (OPC), Section 8 companies, and any other incorporated entity.
Companies with profit or loss – Even if there is no income, loss, or zero business activity, filing a “NIL” ITR is mandatory.
Companies under audit – Every company must undergo a statutory audit as per the Companies Act, 2013. If turnover crosses limits under Section 44AB, a tax audit is also required.
Charitable/Exempt companies – Companies registered for charitable purposes and claiming exemption under Section 11 must file ITR-7.
Foreign companies/branches operating in Sikkim are also required to file ITR if they earn income in India.
Ensures Legal Compliance – Mandatory under the Income Tax Act and Companies Act, helping companies avoid penalties and disputes.
Facilitates Loans & Credit – Acts as proof of financial stability for banks and financial institutions when sanctioning loans or credit facilities.
Carry Forward of Losses – Enables businesses to carry forward losses and unabsorbed depreciation, lowering future tax liability.
Authentic Financial Proof – Serves as a reliable income and financial record for regulators, investors, and authorities.
Enhances Business Reputation – Builds trust with stakeholders by demonstrating transparency and compliance.
Eligibility for Tenders & Contracts – Required for participation in many government tenders and contracts.
Saves on Penalties & Interest – Timely filing prevents late fees, interest charges, and disallowance of tax benefits.
Supports Global Expansion – Essential for foreign investments, cross-border transactions, and international approvals.
Company Incorporation Documents – PAN, CIN, and Certificate of Incorporation
Digital Signature Certificate (DSC) – Valid Class 3 DSC of the authorized signatory
Financial Statements – Audited Balance Sheet, Profit & Loss Account, Notes, and Schedules
Audit Reports – Statutory Audit Report and Tax Audit Report (Form 3CA/3CB & 3CD, if applicable)
Tax Records – Form 26AS, AIS/TIS, TDS/TCS details, Advance Tax/Challan receipts
Bank & Transaction Records – Bank statements and loan/credit details
GST Details – Monthly/annual GST returns and reconciliation statements
Previous Year’s ITR – Copy of last filed return for reference and compliance check
“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 Financial Documents: Collect all essential financial records, including balance sheets, profit and loss statements, bank statements, and detailed records of income and expenses for the relevant financial year.
Calculate Taxable Income: Determine the company’s total income and calculate the applicable tax liability in accordance with current income tax laws.
Prepare Tax Audit Report (if applicable): If the company’s turnover exceeds the prescribed threshold, conduct a tax audit and obtain the Tax Audit Report from a qualified Chartered Accountant.
Register/Login to the Income Tax Portal: Access the official Income Tax Department e-filing portal at https://www.incometaxindiaefiling.gov.in.
Fill in the ITR Form: Select the appropriate ITR form for companies (typically ITR-6 unless claiming exemption under section 11). Carefully enter all required details, including income, deductions, and tax payments.
Attach Necessary Documents: Upload supporting documents such as the tax audit report, balance sheet, profit and loss statement, and payment challans.
Review and Submit: Carefully review all entered information for accuracy before submitting the return. Complete the verification process through e-verification methods like OTP, digital signature, or other accepted options.
E-Verify the Return: Confirm the submission via e-verification to ensure the return is successfully filed.
Download Acknowledgment: Once filed and verified, download the acknowledgment receipt (ITR-V) for your records.
Follow Up: Monitor any communications from the Income Tax Department and respond promptly if further clarification or action is required.
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