Private Limited

Company Tax Filing

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Private Limited Company Tax Filing

All you need to know

Every registered company in India must file its annual income tax return, even if there is no income or the company is in loss. Private limited company tax filing ensures legal compliance, avoids penalties, and keeps financial records transparent. With expert guidance, the company tax filing process becomes smooth, accurate, and stress-free for business owners.

What is Private Limited Company Tax Filing?

Private limited company tax filing is the process of reporting a company’s annual income, expenses, and tax liabilities to the Income Tax Department of India. All private limited companies, whether active, dormant, profit-making, or loss-making, must file returns under the Income Tax Act, 1961.

Generally, companies file their returns using Form ITR-6, unless exempted. Proper company tax filing ensures compliance with tax laws, enables loss carry-forward, and helps maintain credibility with investors, banks, and authorities.

How to File Taxes for Your Private Limited Company

Why Choose EbizFiling for Company Tax Filing?

EbizFiling makes private limited company tax filing simple by managing the entire process from record preparation to return submission. Our team ensures accuracy, timely filing, and compliance with the latest tax rules, so you avoid penalties and unnecessary stress. Whether it’s ITR, TDS, or GST, we provide complete company tax filing support, helping businesses stay compliant while focusing on growth.

Types of Taxes Applicable to Private Limited Companies

When it comes to private limited company tax filing, different types of taxes may apply depending on the nature and scale of the business. These include:

  • Corporate Income Tax: Every company must pay tax on its profits at the rates prescribed under the Income Tax Act, 1961.
  • Minimum Alternate Tax (MAT): Companies with low taxable income but showing book profits must pay MAT at the specified rate.
  • Dividend Distribution Tax (DDT): If a company declares dividends to shareholders, applicable taxes must be paid as per current laws.
  • GST (Goods & Services Tax): Applicable if the company’s turnover exceeds the prescribed threshold or if engaged in taxable supplies.

Private Limited Company Tax Filing Fees

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Benefits of Proper Tax Filing

Points to make your decision easy

Legal Compliance

Filing ensures the company follows the Income Tax Act and stays compliant with government regulations.

Avoid Penalties

Timely filing helps companies avoid interest, late fees, and penalties for non-compliance.

Better Planning

Proper tax filing allows companies to plan finances, reduce liabilities, and claim eligible deductions.

Loan Approvals

Updated returns strengthen the company’s profile, making it easier to get bank loans and credit.

Investor Confidence

Investors prefer companies that maintain accurate compliance through timely tax filings.

Tax Benefits

Filing on time helps businesses claim carry-forward losses and other tax-saving benefits.

Business Credibility

Regular company tax filing enhances trust with customers, vendors, and authorities.

Peace of Mind

Accurate filing eliminates future disputes and gives owners confidence that obligations are met.

Documents Required for Company Tax Filing

Documents for Company Tax Filing

  • PAN Card of the Company
  • TAN (Tax Deduction and Collection Account Number)
  • Certificate of Incorporation
  • Bank Statements of the Company
  • Financial Statements (Balance Sheet, Profit & Loss Account)
  • Books of Accounts and Ledgers
  • Audit Report (if applicable under law)
  • GST Returns (if registered under GST)
  • TDS Certificates and Details
  • Previous Year’s Income Tax Return (if any)

Step-by-Step Process of Private Limited Company Tax Filing

5 Easy Steps

1

Collect records

2

Prepare accounts

3

Compute tax

4

File ITR-6

5

Get acknowledgment

FAQs

Frequently Asked Questions on Private Limited Company Tax filing

Get answers to all your queries

  • What is a private limited company tax filing?

    Private limited company tax filing is the process of reporting a company’s income, expenses, and tax liability to the Income Tax Department using prescribed forms.

  • Is company tax filing mandatory for all private limited companies?

    Yes, every private limited company, whether active, dormant, profit-making, or loss-making, must file annual tax returns.

  • Which ITR form is used for private limited company tax filing?

    Private limited companies file their returns using Form ITR-6, unless exempted under special provisions.

  • What is the due date for company tax filing in India?

    The due date is generally 30th September of the assessment year if audit is applicable, and 31st July if not.

  • Do dormant companies need to file tax returns?

    Yes, even dormant companies with no income must complete private limited company tax filing to stay compliant.

  • Can a loss-making company skip tax filing?

    No, tax filing is mandatory even for loss-making companies. Filing allows such companies to carry forward losses.

  • What is the corporate tax rate for private limited companies in India?

    The tax rate depends on turnover and applicability, generally ranging between 22% to 30% plus surcharge and cess.

  • Is audit mandatory for private limited companies?

    Yes, if a company crosses the prescribed turnover threshold, audit is mandatory, and the report must be filed with the return.

  • What are the penalties for late company tax filing?

    A late fee of up to ₹10,000 may be levied under Section 234F, along with interest on unpaid taxes.

  • Do private limited companies also have to file GST returns?

    Yes, if registered under GST, companies must file monthly/quarterly GST returns in addition to income tax returns.

  • What is MAT in private limited company tax filing?

    MAT (Minimum Alternate Tax) is a tax payable by companies with book profits but low or no taxable income, at a rate of 15%.

  • Is TDS compliance part of company tax filing?

    Yes, companies must deduct TDS on payments such as salaries, contracts, and services, and file TDS returns periodically.

  • Can private limited companies revise their tax return?

    Yes, companies can file a revised return if they discover errors in the original filing, within the allowed time frame.

  • Do startups registered as private limited companies need to file tax returns?

    Yes, startups are also required to file tax returns annually, though they may claim tax exemptions under Section 80-IAC.

  • Is e-filing mandatory for company tax filing?

    Yes, private limited company tax filing must be done online through the Income Tax Department’s e-filing portal.

  • What happens if a company fails to file tax returns?

    Non-filing may result in penalties, prosecution, loss of carry-forward benefits, and disqualification of directors.

  • Can a private limited company claim deductions?

    Yes, companies can claim deductions on business expenses, depreciation, and other eligible allowances.

  • Do foreign-owned private limited companies in India need to file returns?

    Yes, all private limited companies registered in India must file returns, regardless of whether they are Indian or foreign-owned.

  • Can a company file tax returns without professional help?

    While possible, professional assistance ensures accuracy and helps avoid errors, penalties, or missed benefits.

  • Why choose EbizFiling for private limited company tax filing?

    EbizFiling provides expert support for company tax filing, handling accounts, GST, TDS, and ITR to ensure full compliance.

Reviews

  • Abhijit Chirde

    Abhijit Chirde

    04 Mar 2024

    Ebizfilling team explained every details and supported in compliance fillings. Mr. Rakesh B has been very helpful in getting things done swiftly and efficiently.

  • Client Review, Ebizfiling

    Aishwarya M

    18 Apr 2022

    I took trade mark registration from Ebizfiling india private limited thank you for registration and service was excelent and recived the certificate from anitha kv

  • Akash Mitra

    Akash Mitra

    02 Mar 2024

    I had a very complicated LLP striking off requirement. It took a long time due to Government (MCA) delays. Through out the period EbizFiling continued to support me and successfully completed the assignment. Truly stellar service, and I particularly want to thank Aman for his support. Will continue to do business with them.

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