Step 1: Gather Financial Records: Collect all key documents — Balance Sheet, Profit & Loss Account, Cash Flow Statement, Tax Audit Report (if applicable), PAN, TAN, and other relevant financial data.
Step 2: Identify the Applicable ITR Form: For most private limited companies, ITR-6 is applicable unless exempt under Section 11 (charitable/religious purposes).
Step 3: Access the Income Tax Portal: Register or log in at www.incometax.gov.in using company credentials.
Step 4: Fill the Correct ITR Form: Download ITR-6, and carefully enter income, expenses, deductions, tax payments, and bank details.
Step 5: Attach Required Reports: Upload audited financial statements, Tax Audit Report (if applicable), and other supporting schedules.
Step 6: Validate Entries: Use the portal’s “Validate” option to check for errors or mismatches before submission.
Step 7: Pay Remaining Tax Liability: If additional tax is payable, discharge it online through net banking, challan, or other available payment modes.
Step 8: Submit and Download Acknowledgment: Upload the ITR, submit it digitally, and download the ITR-V acknowledgment for records.
Step 9: E-Verify the Return: Complete verification via Aadhaar OTP, net banking, or the director’s DSC. Alternatively, send the signed ITR-V to CPC within 120 days.
Step 10: Track Processing Status: The Income Tax Department will process the return under Section 143(1), and you will receive intimation/confirmation once complete.
