Income Tax Return Filing in India

Companies pay tax on their income, commonly called corporate tax. Filing corporate tax returns involves:

• bifurcation of income as per its sources;
• categorising assets as long term or short term;
• keeping up with the filing deadlines;
• ensuring proper disclosure and fair reporting of income;
• annexing proofs.

A single, unintentional miscalculation can attract penalties and, in some cases, prosecution. It is better to seek assistance from experienced professionals from the very outset of the process.

• Profits generated by the business.
• Capital gains: increase in the value of assets such as buildings, land and other investments like securities.
• Rental income from leasing or renting out assets such as land or machinery.
• Miscellaneous income, such as dividends and interest from bank accounts.

Other than meeting your company's legal obligations, filing timely tax returns lets you:

• carry forward the losses of previous years;
• fulfil the criteria for bidding for government tenders;
• have smooth formalities and approvals from government authorities at the time of business expansion;
• avoid any penalty or prosecution;
• receive your refunds on time.

We are a team of CAs and CSes working in finance and taxation. We handle return filing for small and large businesses as well as complex tax issues for large corporations and for High Net Worth Individuals (HNWI).

We provide comprehensive services from return filing and tax planning to tax optimisation, and handle cases at the department level.