Last updated: September 11th, 2024 6:19 PM
Which ITR should a company file?
In India, all companies, irrespective of profit or loss, are expected to file ITR returns. Companies that are dormant and have undertaken no business decisions in a year are still expected to file returns. The applicability of ITR forms varies depending on the taxpayer's income sources, the amount of the income earned, and the category of the taxpayer, like individuals, HUF, companies, etc. In this article, we will examine which ITR a company should file. Get in touch with IndiaFilings to file your Company tax return filing.Income Tax Return (ITR)
An income Tax Return (ITR) is a form in which the taxpayers file information about their income earned and tax applicable to the income tax department. To date, the department has notified seven forms, i.e., ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7. Every taxpayer should file his ITR on or before the specified due date.Which ITR should a company file?
The type of ITR (Income Tax Return) a company should file depends on the type of company it is.- Form ITR-4
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