Business 

Income Tax Return Filing 

Get your business income tax return filed online with affordable prices, starts at ₹1,199/- only.

Ebizfiling helps businesses stay compliant with expert ITR and TDS filing support.

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Business Income tax return 

About Our Service

What is Business Income Tax Return Filing?

A Business Income Tax Return (ITR) is a yearly statement that reports a business’s income, expenses, and tax liability to the Income Tax Department of India. It is mandatory for all businesses, including proprietorships, partnerships, LLPs, and private limited companies, under the Income Tax Act, 1961.

Depending on the type of business, forms such as ITR-3, ITR-5, or ITR-6 are used. Filing a business ITR ensures that your income is legally declared, taxes are paid on time, and your business stays compliant while maintaining a clear financial record for audits, funding, or future growth.

Who Needs to File a Business Income Tax Return?

  • Proprietorship Firms: Every sole proprietor running a business must file an income tax return if the total income exceeds the basic exemption limit.

  • Partnership Firms and LLPs: All partnership firms and LLPs must file ITR every year, even if there is no income or business activity.

  • Private Limited and Public Companies: Every registered company, whether active or dormant, must file a business income tax return annually.

  • Freelancers and Professionals: Independent professionals such as consultants, designers, and accountants earning business income must also file ITR.

  • Businesses under Presumptive Taxation: Entities opting for presumptive taxation under Section 44AD, 44ADA, or 44AE are required to file simplified ITR forms.

  • Audit-Applicable Businesses: Firms and companies crossing the turnover threshold prescribed under Section 44AB must file ITR along with a tax audit report.

Step by Step Process for Filing Business Income Tax Returns

When Needs to File Business Income Tax Return?

  • Businesses not subject to audit must file their income tax return by 31st July 2025 for the financial year 2024–25.

  • Businesses that require an audit under Section 44AB must file their return by 31st October 2025.

  • Businesses with international or specified domestic transactions under Section 92E must file their return by 30th November 2025.

  • If the due date is missed, a belated return can be filed up to 31st December 2025 with a late filing fee under Section 234F.

  • Businesses can also revise their return within the same deadline if any corrections are needed after submission.

Why Ebizfiling for Business Income Tax Return Filing?

Ebizfiling offers complete assistance for Business Income Tax Return filing, ensuring accuracy, timely submission, and full compliance with the latest Income Tax Act requirements. Our team of experts handles everything from document review to TDS reconciliation and e-verification, so you can focus on running your business while we manage your tax obligations. We also provide related services such as GST Registration, TDS Return Filing, Tax Audit Assistance, and Bookkeeping Services to keep your business legally compliant throughout the year. For expert help with your business tax filing, visit Ebizfiling, contact us at  09643203209 or email us at  info@ebizfiling.com

Business Income Tax Returns Fees

Choose Your Package

ESSENTIAL

1199/-

(All Inclusive)

  • Income Tax filing of 1 year of Salaried Individual

ENHANCED

1999/-

(All Inclusive)

  • Income Tax filing of 1 year for non- audit assessee

ULTIMATE

3499/-

(All Inclusive)

  • Income Tax filing of 1 year for audit assessee upto a turnover of Rs. 2 Cr

Advantages of Filing Business Income Tax Return 

Tax Refunds

Filing returns allows your business to claim refunds for any excess tax paid or deducted during the financial year.

Penalty Avoidance

Submitting your return on time helps you avoid heavy penalties, interest charges, and legal notices from the tax department.

Loan Approval

A valid ITR record improves your credibility and makes it easier to get business loans or credit approvals from banks.

Legal Compliance

Filing your business income tax return ensures your business follows the law and stays compliant with government regulations.

Audit Readiness

Proper filing ensures that your records are organized and makes future audits or assessments easier to manage.

Tender Eligibility

Government tenders and contracts often require ITR documents as proof of financial stability and compliance.

Loss Adjustment

Timely filing allows your business to carry forward and adjust losses against future profits under the Income Tax Act.

Financial Credibility

Regular and accurate filing helps establish your business’s trustworthiness with investors and financial institutions.

Documents Required for Business Income Tax Return Filing 

Business Income Tax Return Documents

  • PAN and Aadhaar of the business owner or entity

  • Business registration certificate or incorporation document

  • Financial statements (Balance Sheet and Profit & Loss Account)

  • Bank account statements for the financial year

  • GST return summary and details (if applicable)

  • TDS certificates (Form 16A and Form 26AS)

  • Audit report and tax audit details (if applicable)

  • Previous year’s income tax return (if available)

  • Details of loans, advances, and fixed assets

  • Proof of business expenses and investments

Why is Business Income Tax Return Filing Important? 

Business Growth

A proper filing record supports loan approvals, tenders, and future expansion opportunities for the business.

Avoiding Penalties

Timely filing helps businesses avoid interest, late fees, and legal notices from the tax authorities.

Financial Credibility

Regular filing builds trust with banks and investors by showing accurate and transparent financial records.

Legal Compliance

Filing a business income tax return ensures that your business follows the law and stays compliant with the Income Tax Department.

Stepwise Process of Business Income Tax Return Filing with Ebizfiling 

1

Document Collection

2

Income Computation

3

Tax Review

4

ITR Filing

5

Acknowledgment Delivery

What Does Ebizfiling Do for Business Income Tax Return Filing? 

  • At Ebizfiling, we make business income tax return filing simple, accurate, and worry-free for our clients.

  • Our experts carefully review your financial details, select the right ITR form, and compute your taxes with precision.

  • We ensure your return is filed on time and help you claim all eligible deductions and refunds.

  • Even after filing, our team assists with e-verification, TDS reconciliation, and post-filing support.

  • With Ebizfiling by your side, you can stay fully compliant while focusing on growing your business with complete peace of mind.

FAQ

FAQs on Business Income Tax Return Filing 

Get answers to all your queries

  • What is a Business Income Tax Return?

    A Business Income Tax Return is a statement filed with the Income Tax Department showing your business’s income, expenses, and taxes paid for a financial year.

  • Is filing a business income tax return mandatory?

    Yes, filing is mandatory for all businesses including proprietorships, partnerships, LLPs, and companies, regardless of profit or loss.

  • Which ITR form should a business file?

    The applicable ITR form depends on your business type — Proprietors use ITR-3 or ITR-4, Partnerships and LLPs use ITR-5, and Companies use ITR-6.

  • What is the due date for filing a business income tax return?

    For FY 2024–25, the due date is 31st July 2025 for non-audit cases, 31st October 2025 for audit cases, and 30th November 2025 for transfer pricing cases.

  • What happens if I miss the due date for filing ITR?

    You can file a belated return before 31st December 2025, but a late fee under Section 234F and interest may apply.

  • Can I revise my income tax return after submission?

    Yes, a return can be revised before 31st December 2025 if any mistake or omission is found in the originally filed return.

  • Do businesses with no income still need to file ITR?

    Yes, even if a business has no income or operations, it must file a return to stay compliant with the Income Tax Act.

  • Is audit compulsory for all businesses?

    No, audit is mandatory only if the business turnover exceeds the limit prescribed under Section 44AB (₹1 crore for regular business and ₹10 crore if cash transactions are less than 5%).

  • Can ITR be filed without a digital signature?

    Yes, proprietors and small firms can file using Aadhaar-based OTP verification, but companies and LLPs must use a digital signature.

  • What documents are needed for filing a business ITR?

    You’ll need PAN, Aadhaar, bank statements, financial statements, GST details, and TDS certificates for the relevant year.

  • What is the penalty for late filing of ITR?

    The late filing penalty can be up to ₹5,000 if filed after the due date but before 31st December, and ₹10,000 for further delays.

  • Can I claim a refund through my business ITR?

    Yes, if excess tax has been deducted or paid, it can be claimed as a refund directly through your filed return.

  • What is presumptive taxation for businesses?

    Presumptive taxation under Sections 44AD, 44ADA, and 44AE allows eligible small businesses and professionals to pay tax on a fixed percentage of turnover instead of maintaining detailed books.

  • Can a business file ITR online?

    Yes, all businesses can file ITR online through the Income Tax e-filing portal or with the help of professionals like Ebizfiling.

  • How can I verify my filed ITR?

    You can verify your ITR using Aadhaar OTP, bank account verification, or a digital signature certificate within 30 days of filing.

  • What if there is a mismatch in TDS details?

    In case of a mismatch, you should reconcile your Form 26AS with TDS certificates and request the deductor to correct it before filing.

  • Can a business carry forward losses if ITR is filed late?

    No, losses (except those under house property) cannot be carried forward if the ITR is filed after the due date.

  • Is GST registration necessary before filing business ITR?

    No, GST registration and ITR filing are separate compliances, but businesses with GST must report their GST turnover in the ITR.

  • Can a startup claim deductions while filing ITR?

    Yes, eligible startups registered with DPIIT can claim tax deductions under Section 80-IAC if approved by the Department.

  • Why should I choose Ebizfiling for business ITR filing?

    Ebizfiling provides expert guidance, accurate computation, and timely filing support, ensuring your business remains fully compliant and stress-free during tax season.

Reviews

  • Client Review & Ebizfiling

    Amrish Ganatra

    28 Nov 2017

    "Our Company being an Indian Subsidiary requires much compliance, but ebizfiling has provided us end to end services. They are very important part of our business. They handle all of the legal tasks in India. I highly recommend ebizfiling for non-residents thinking of starting a project in India."

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    Chander Verma

    01 Oct 2019

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    05 Aug 2019

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