Expert ITR Filing Support – Mumbai
Effortless Business Income Tax Return (ITR) Filing with N D Savla & Associates – Mumbai
Navigating business tax returns can be complex. At N D Savla & Associates, Chartered Accountants in Mumbai, we simplify the process with precision, expertise, and dependable support, whether you are a startup or a well-established enterprise.
What Is a Business Tax Return?
A Business Income Tax Return (ITR) is a formal declaration of income, expenses, and TDS to the Income Tax Department, submitted annually. It reflects your financial health and includes details like fixed assets, loans, debtors and creditors, and overall profitability.
Who Needs to File Business ITR in India?
- Sole Proprietorships – Mandatory if total income exceeds the prescribed exemption limit based on age category
- Partnership Firms and LLPs – Must file income tax returns regardless of profit or loss
- Companies – All private, one-person, or public companies must file annually, even if dormant
Which ITR Form Should You Use?
- ITR-3 – For proprietors with regular audited or non-presumptive income
- ITR-4 Sugam – For small businesses under presumptive taxation scheme
- ITR-5 – For LLPs, partnership firms, AOPs, and BOIs
- ITR-6 – For companies not claiming charitable exemption
- ITR-7 – For trusts, educational institutions, and exempt entities
Filing Deadlines & Penalties
- Belated returns are permitted up to December 31 with applicable late fees
- Interest under Section 234A may apply on unpaid tax
- Late fee under Section 234F is applicable if return is not filed within due date
- Delay in filing may restrict carry-forward of certain losses
Why Choose Us — N D Savla & Associates?
Accurate Form Selection
We help choose the correct ITR form for your income profile.
Error-Free Filing
All entries are cross-verified to prevent mismatch and notices.
Timely Compliance
Deadline tracking to ensure returns are filed on time.
Notice Handling
Complete support with income tax notices and responses.
Audit Support
In-depth assistance if your business requires tax audit.
Personalised CA Consultation
Direct interaction with experienced Mumbai tax experts.
What Our Clients Say
- N D Savla is serving all professional services and tax refunds very smoothly.
- Very helpful team and ensured everything was handled efficiently.