Business Tax Filing is the process of reporting a business’s income, expenses, and tax liability to the Income Tax Department.
All types of businesses must file their tax returns annually to:
With Finance Saathi, you get accurate and hassle-free business tax filing services, ensuring compliance and optimized tax savings.
| Entity Type | Description |
|---|---|
| Proprietorship | Individual business |
| Partnership Firm | Business with partners |
| LLP (Limited Liability Partnership) | Registered partnership entity |
| Private Limited Company | Corporate entity |
| Public Limited Company | Large corporate entity |
| Return Type | Applicable To |
|---|---|
| ITR-3 | Proprietors with business income |
| ITR-4 | Presumptive income scheme |
| ITR-5 | Partnership firms & LLPs |
| ITR-6 | Companies |
| Category | Requirement |
|---|---|
| All registered businesses | Mandatory |
| Businesses with income | Required |
| Firms & companies | Mandatory |
| Freelancers | Required |
| Startups | Required |
| Requirement | Details |
|---|---|
| PAN Card | Business/individual PAN |
| Financial Statements | Profit & Loss, Balance Sheet |
| Bank Statements | Business transactions |
| GST Returns | If applicable |
| TDS Details | Form 26AS |
| Investment Proof | Deductions |
| Step | Process | Timeline |
|---|---|---|
| 1 | Document Collection | 1–2 Days |
| 2 | Income Calculation | Same Day |
| 3 | Tax Planning | Same Day |
| 4 | Return Preparation | Same Day |
| 5 | Filing on Portal | Same Day |
| Stage | Time |
|---|---|
| Preparation | 1–2 Days |
| Filing | Same Day |
| Category | Due Date |
|---|---|
| Non-Audit Cases | 31st July |
| Audit Cases | 31st October |
| Transfer Pricing Cases | 30th November |
| Benefit | Explanation |
|---|---|
| Legal Compliance | Avoid penalties |
| Tax Savings | Claim deductions |
| Financial Record | Maintain books |
| Loan Approval | Required for funding |
| Business Growth | Better planning |
| Issue | Impact |
|---|---|
| Incorrect income reporting | Notices |
| Missing deductions | Higher tax |
| Late filing | Penalties |
| Wrong ITR form | Rejection |
👉 Finance Saathi ensures accurate and error-free filing
| Strategy | Benefit |
|---|---|
| Expense Claiming | Reduce taxable income |
| Depreciation | Asset tax benefit |
| Investment Planning | Tax savings |
| Presumptive Scheme | Simplified taxation |
| Feature | Benefit |
|---|---|
| Expert CAs | Accurate filing |
| Fast Service | Timely submission |
| Affordable Pricing | Budget-friendly |
| End-to-End Support | Complete compliance |
| Dedicated Support | Personal assistance |
| PAN India Service | Nationwide coverage |
Filing income tax for business
Yes
Depends on business type
31st July / 31st October
Yes, but expert help is better
Copyright @2020 Design & Developed by Info Web Software