ITR Filing · Companies

    ITR Filing for Private Limited & Public Companies

    Every company incorporated under Companies Act (except Section 8) files ITR-6 electronically with DSC. Section 115BAA offers 22% flat rate without exemptions; Section 115BAB offers 15% for new manufacturing units. MAT at 15% applies to companies not opting for 115BAA/BAB.

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    Key takeaways
    • Correct form: ITR-6
    • Regime: 22% (Section 115BAA, no exemptions) or 15% (Section 115BAB new manufacturing) — irreversible choice.
    • Reconcile AIS + 26AS before filing to avoid 143(1)(a) intimations.
    • Aadhaar OTP e-verification the same day.
    • Free notice defence within 12 months of filing.

    Definition

    44ADA

    Presumptive scheme for notified professionals — declare 50% of gross receipts up to ₹75L as profit; no books, no audit.

    Definition

    44AD

    Presumptive scheme for eligible businesses — 6% profit on digital turnover, 8% on cash; up to ₹3 Cr turnover.

    Definition

    Section 44AB

    Tax audit provision — mandatory audit when turnover / receipts cross specified thresholds or presumptive scheme opted out below.

    Typical income mix for companies

    • Revenue from operations
    • Other income (interest, dividend)
    • Capital gains
    • Foreign subsidiary dividend
    • Rental / royalty income

    Deductions available

    • Section 115BAA / 115BAB — reduced tax rate
    • Section 80-IAC — 3-yr holiday for DPIIT startups
    • Section 80JJAA — new employee salary
    • Section 35 — R&D expenditure
    • MAT credit carry-forward (15 years)

    Documents required

    • Audited financials + Board report
    • Tax audit report (Form 3CD)
    • TDS returns (Q1–Q4)
    • GST returns + reconciliation
    • Form 3CEB (if applicable)
    • DSC of director

    Common mistakes to avoid

    • Missing DSC — ITR-6 cannot be filed without it
    • Not exercising Form 10-IC / 10-ID for 115BAA/BAB
    • Skipping Section 194Q TDS on purchases > ₹50L
    • Not filing Form 3CEB for related-party transactions (transfer pricing)
    • Missing MAT under 115JB

    Worked example

    A Delhi Pvt Ltd with ₹18 Cr revenue opts for Section 115BAA at 22% flat, files ITR-6 with DSC and saves ₹68L vs old regime — no MAT liability.

    Companies — filing snapshot

    ItemDetail
    Recommended formITR-6
    Regime guidance22% (Section 115BAA, no exemptions) or 15% (Section 115BAB new manufacturing) — irreversible choice.
    Presumptive availableDepends on income mix
    Audit triggerAbove threshold or below deemed profit
    Taxpex turnaround24–72 hours

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    Last Updated
    15 September 2026

    Content refreshed against the latest CBIC / CBDT / MCA notifications and portal changes.

    Reviewed by Chartered Accountant
    CA Ravi Sharma

    Chartered Accountant · ICAI Member · 12+ years in Indian tax & compliance

    Update History
    1. 15 September 2026
      Reviewed rates, forms and portal workflow for ITR Filing for Private Limited & Public Companies. Verified against latest CBIC/CBDT notifications.
    2. 10 January 2026
      Refreshed FAQ set, added new penalty examples and jurisdiction notes.
    3. 05 October 2025
      Structural rewrite for EEAT — added expert commentary, playbooks and process timeline.