{"id":91,"date":"2018-07-21T04:37:01","date_gmt":"2018-07-21T04:37:01","guid":{"rendered":"http:\/\/biatconsultant.com\/blog\/?p=91"},"modified":"2020-04-04T14:07:19","modified_gmt":"2020-04-04T14:07:19","slug":"how-to-file-income-tax-return-for-private-limited-company","status":"publish","type":"post","link":"https:\/\/www.biatconsultant.com\/blog\/how-to-file-income-tax-return-for-private-limited-company\/","title":{"rendered":"How To File Income Tax Return For Private Limited Company"},"content":{"rendered":"

Filing income tax returns<\/a> is a crucial requirement which is followed by both the companies.\u00a0There are specific tax rates and time period which is specified in income tax rules and\u00a0regulations that is required to be followed by every individual and company.
\nIncome tax return is the form required to be filed with the tax authorities in order to report the\u00a0income, expenses, and other tax crucial information. In India, the individual and companies\u00a0meeting, the specified requirement are required to file this return on annual basis. Just like any\u00a0other company private limited company is also required to file their income tax returns timely.<\/p>\n

According to the income tax act, the tax return filing of the companies can be categorized into\u00a0two parts one is of a domestic company and other is of a foreign company. With this article we\u00a0will understand the comprehensive aspect of income tax return filing private limited\u00a0companies.<\/p>\n

Income Tax Rate of a Company:<\/strong>
\nBasic rate: for domestic companies in India following tax rates are being followed:
\nIf gross turnover is up to 250 crore in the previous year \u2013 25%<\/p>\n

If gross turnover is exceeding 250 crore in the previous year \u2013 30%<\/p>\n

Surcharge: If income tax exceeds INR 1 crore \u2013 7% rate will be applicable on the total income\u00a0computed.<\/p>\n

If income exceeds INR 10 crore \u2013 12% rate will be applicable on the total income computed.<\/p>\n

Minimum Alternate Tax:<\/strong>
\nit is a concept according to which all the companies whose tax liability is less than 18.5% of\u00a0book of profit are required to pay the minimum alternate tax at the rate of 18.5% of book of\u00a0profit in addition to surcharge and education cess.<\/p>\n

Time limit for filing return:<\/strong>
\nThe last date for filing income tax return by every private limited company registered in India is\u00a030 th September.<\/p>\n

Types of tax return to be filed by company:<\/strong>
\nThere are two types of income tax return which is to be filed by every company, one is ITR 6\u00a0and ITR 7. Private limited companies are required to file ITR and Nidhi companies are required\u00a0to file ITR 7.<\/p>\n

BIATConsultant.com<\/a> is leading company who has expertise team of CA’s and other professionals ready to provide you expert guidance on income tax return filing for private limited companies online<\/a> .Contact us now .<\/p>\n","protected":false},"excerpt":{"rendered":"

Filing income tax returns is a crucial requirement which is followed by both the companies.\u00a0There are specific tax rates and time period which is specified in income tax rules and\u00a0regulations that is required to be followed by every individual and company. Income tax return is the form required to be filed with the tax authorities … <\/p>\n

Continue reading “How To File Income Tax Return For Private Limited Company”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":93,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46,50,49,47,48],"class_list":["post-91","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-income-tax-return-file-online","tag-income-tax-return-filing-for-private-limited-company-in-india","tag-private-limited-company-return-filing","tag-pvt-ltd-return-filing","tag-return-filing-online-of-pvt-ltd-company"],"yoast_head":"\nHow To File Income Tax Return For Private Limited Company - Business , Financial & Legal Consultant In India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.biatconsultant.com\/blog\/how-to-file-income-tax-return-for-private-limited-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To File Income Tax Return For Private Limited Company - Business , Financial & Legal Consultant In India\" \/>\n<meta property=\"og:description\" content=\"Filing income tax returns is a crucial requirement which is followed by both the companies.\u00a0There are specific tax rates and time period which is specified in income tax rules and\u00a0regulations that is required to be followed by every individual and company. 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