Companies are compulsorily required to file income tax returns every year. Income tax return filing is mandatory even in case of no business activity. The due date to file income tax returns for companies is 30 th September. It is advisable to file income tax returns within the due date to avoid late filing fees and penalties. If you want to carry forward your losses it is necessary to file the income tax within the due date. Income tax return for a particular assessment year cannot be filed after the end of the assessment year.
Bank loans like the working capital loans, the term loans can be availed easily as they require the past three years IT returns.
Hefty amounts would be charged for non-filing of income tax returns.
If refund from the income tax department is due, you can claim it by filing the returns.
The first step is the collection of all the necessary information you will need to file your ITR.
After the information is collected, we will compute your total taxable income and tax liability.
We shall send the draft computation for your review.
Your
return is filed.
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