“Simplify ITR filing for Private Limited Companies in Chennai with our expert assistance. Achieve hassle-free tax compliance and stay penalty-free with ease.”
Complete Your ITR Filing
Ready Your ITR Filing For Pvt Ltd with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing For Pvt Ltd In Chennai.
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 Pvt Ltd In Chennai
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing For Pvt Ltd In Chennai.
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 Pvt Ltd In Chennai
Income Tax Return (ITR) filing is a mandatory compliance for every Private Limited Company in Chennai, irrespective of its turnover or profit. Companies are required to maintain accurate books of accounts, prepare audited financial statements, and report income, expenses, and deductions in accordance with the Income Tax Act, 1961. Timely and accurate ITR filing not only ensures legal compliance but also helps avoid penalties, improves financial credibility, and strengthens trust with banks, investors, and regulatory authorities.
At Auriga Accounting, we make business income tax return filing in India simpler than ever. With our expert guidance and LEDGERS small business tax filing software, we ensure the process is hassle-free and compliant with regulations. Whether you’re a new startup or an established company, we’re here to help you meet deadlines, avoid penalties, and focus on growing your business — stress-free.
Filing an Income Tax Return (ITR) is not only a statutory obligation for every Private Limited Company but also a vital step in maintaining financial accountability and credibility. Under the Income Tax Act, 1961, all Pvt Ltd companies must file their returns annually, regardless of profit, loss, or even inactivity. Timely filing helps avoid penalties and interest, preserves the right to carry forward business losses, and ensures compliance with statutory requirements. Beyond meeting legal obligations, consistent ITR filing builds trust with banks, investors, and business partners, thereby facilitating smoother access to loans, funding, and government schemes.
Statutory Compliance – Ensures adherence to the Income Tax Act, 1961, protecting the company from legal challenges.
Penalty & Interest Avoidance – Helps prevent late fees, excess interest, and unwanted notices from tax authorities.
Loss Carry-Forward – Safeguards the right to carry forward business losses and unabsorbed depreciation for future tax relief.
Financial Credibility – Strengthens trust and reliability with banks, lenders, and stakeholders.
Loan & Funding Support – Serves as proof of financial stability, enabling quicker approval of loans and investments.
Tender Compliance – Acts as valid financial evidence, often required for participation in government tenders.
Access to Incentives – Unlocks eligibility for subsidies, tax concessions, and state-offered industrial benefits.
Regulatory Alignment – Keeps ITR filing consistent with GST and MCA requirements, ensuring smooth compliance.
International Recognition – Provides reliable financial documentation for visa applications and global contracts.
Reduced Audit Risk – Minimizes chances of scrutiny, departmental notices, or disputes.
Corporate Reputation – Reflects accountability, transparency, and strong governance practices.
Investor Confidence – Builds trust among domestic and international investors through consistent filings.
Financial Track Record – Creates a verified history useful for mergers, acquisitions, and due diligence.
Company Identification – PAN, CIN, and Certificate of Incorporation.
Registered Office Proof – Utility bills, lease agreements, or ownership documents.
Financial Statements – Audited Balance Sheet, Profit & Loss Account, Trial Balance, and Cash Flow Statement.
Supporting Records – Notes to Accounts, detailed schedules, Fixed Asset Register, and depreciation details.
Tax Data – Form 26AS, AIS, TIS, TDS/TCS certificates, and advance tax challans.
Audit Reports – Statutory Audit Report, Tax Audit (Form 3CA/3CB & 3CD), and Transfer Pricing Report (Form 3CEB, if applicable).
Banking & Loan Records – Bank statements for all accounts, loan documents, and interest statements.
Regulatory Filings – GST returns (GSTR-1, 3B, 9), MCA forms (AOC-4, MGT-7), and Professional Tax filings (if applicable).
Director & Shareholder Information – PAN, Aadhaar, DSC of directors, and shareholding pattern.
Additional Proofs – Records of investments, foreign assets, related party transactions, subsidies/incentives, and previous ITRs.
Surcharge:
1. Statutory Audit (Companies Act, 2013) – Compulsory for every Private Limited Company in Tamil Nadu, regardless of turnover or profit. A Chartered Accountant must examine and certify the financial statements.
2. Tax Audit (Income Tax Act, 1961) – Required if business turnover exceeds ₹1 crore (₹10 crore where cash transactions are minimal) or if professional receipts exceed ₹50 lakh. The audit report is furnished in Forms 3CA/3CB and 3CD.
3. Transfer Pricing Audit – Applicable to companies engaged in international or specified domestic related-party transactions. The report must be filed in Form 3CEB, duly certified by a Chartered Accountant.
4. GST Reconciliation – While the formal GST audit requirement has been withdrawn, companies must ensure proper reconciliation of GSTR-1, GSTR-3B, and GSTR-9 with their books of accounts to maintain accuracy.
5. Other Audits (As Applicable)
Cost Audit – Mandatory for notified industries if turnover crosses the prescribed threshold.
Internal Audit – Required for companies with turnover of ₹200 crore or more, or borrowings of ₹100 crore and above.
Secretarial Audit – Applicable to certain classes of companies as per the Companies Act, 2013.
Finalize Books of Accounts – Close the company’s accounts and prepare audited financial statements.
Check Audit Applicability – Determine whether statutory audit, tax audit (u/s 44AB), or transfer pricing audit (Form 3CEB) is required.
Complete Audits – Obtain CA-certified reports (Form 3CA/3CB with 3CD and Form 3CEB, if applicable).
Gather Required Documents – PAN, CIN, incorporation certificate, GST returns, MCA filings, challans, bank statements, TDS/TCS records, and TN professional tax details.
Reconcile Financial Data – Match accounts with Form 26AS, AIS/TIS, GST filings (GSTR-1, 3B, 9), and bank records.
Compute Taxable Income – Calculate taxable profits after deductions, depreciation, and disallowances; apply MAT (u/s 115JB), surcharge, and cess.
Adjust Against Taxes Paid – Set off advance tax and TDS/TCS credits to compute final tax liability or refund.
Pay Self-Assessment Tax – Deposit any balance tax via Challan ITNS 280 and record CIN details.
Login to e-Filing Portal – Access the Income Tax portal using company PAN credentials.
Choose Correct ITR Form – File ITR-6 (or ITR-7 for charitable companies).
Fill in All Schedules – Provide Balance Sheet, P&L, depreciation, MAT, tax credits, and other applicable schedules.
Upload Audit Details – Enter UDINs and attach audit particulars (Form 3CD/3CEB, if applicable).
Validate & Submit Return – Run system validations, generate/upload JSON/XML, and file the return online.
Verify with DSC – Complete e-verification using the authorized director’s Digital Signature Certificate.
Download Acknowledgement – Save ITR-V/acknowledgement and maintain records with working papers.
Post-Filing Compliance – Track processing under Section 143(1), reply to notices, and file revised/rectified returns if required.
Auriga provide expert services which can get your new business off to a flying start. We are Compliance for your business. Here you get simple and affordable online company registration and range of essential services. A world class technology – driven platform, offering end to end service from startup to well established firm.
By continuing past this page, you agree to our Terms of Service,Cookie Policy,Privacy Policy,Refund Policy and Content Policies.
© AURIGA ACCOUNTING PRIVATE LIMITED | 2021 | All Rights Reserved
