Business-Tax-Filing


Business Enquiries +91 9819 000 511 \| +91 9821 83 26 83 \| +91 9167 058 000 Login


	Home About Team How We Do It Industries About us Firm Audit Stock Audit Audit & Assurance Peer Review Auditor Risk Control Matrix IND AS Implementation IFRS Implementation Services Concurrent Audit Services Society Auditor Services GST Audit Income Tax Audit Internal Audit Trust Audit Service Taxes Income Tax Expatriate Taxation Services 15CA-15CB Filing PAN Registration TAN Registration Cryptocurrency Crypto Consulting Services TDS on Crypto for P2P Transactions India 2026 File Income Tax Return for Cryptocurrency Income Tax E-Filing ITR 2 Return Filing ITR 3 Return Filing ITR 4 Return Filing ITR 5 Return Filing ITR 6 Return Filing ITR 7 Return Filing Income-Tax-Notice Trust Complaince Form 10 B Form 10BB Form 10BD Trust Audit Services 12A and 80G Registration Charity Commissioner Submission TDS TDS Return Filing TDS on Rent TDS on Purchase of Property Lower Tax Deduction Certificate TDS and Tax Liability Form 24Q Form 26Q Transfer Pricing Law Transfer Pricing Audit Transfer Pricing Study Transfer Pricing Appeals Transfer Pricing DRP Trnasfer Pricing Assesment Transfer Pricing Documentation Benchmarking Analysis International Transfer Pricing Domestic Transfer Pricing Tax Health Check Tax Residency Certificate Business Tax Filing HUF-Formation-Services HUF Dissolution Registration Return Filing By Accountant Annual Return Filling (GSTR-9) E-Invoicing Software Lut Form Notice Registration for foreigners invoicing Profession Tax Revocation GSTR-10 ODIAR Refund Returns Services Taxation Accounting and Bookkeeping Risk & Governance Concurrent Tax Compliances Bookkeeping IPO Advisory Fast Track Merger Offshore Accounting Internal Financial Controls & Financial Reporting Audit Appeal To Commissioner Of Income Tax Implementation & Review of Accounting Systems Startup Corporate Laws Consultants Private Limited Company Section 8 Company Trust Registration Indian Subsidiary NBFC Core Investment Company Registration Financial Intelligence Unit Registration Housing Finance Company Registration NBFC Account Aggregator Compliance NBFC Legal Support NBFC Registration Services NBFC Takeover Services Due Diligence Services NBFC Annual Compliance Services Appeal Against NBFC Registration Cancellation Microfinance Company Registration Asset Reconstruction Company Registration Central KYC Regist Registration Setup a Liaison Office Setup Company Outside India Proprietorship Partnership One Person Company Corporate Financial Advisory Limit Liability Partnership Foreign Subsidiary Company Setup Employee Off Role Services in India Registrations ICEGATE Registration Gratuity Trust Services Import Export Code Professional Tax Registration Darpan Registration Digital Signature Shop Act Registration Startup India Legal Entity Identifier Registration RERA Consultant FCRA SEZ Services IFSC Services Udyam Registration Compliance FDI Filing with RBI FLA Return Filing Professional Tax Return Filing Partnership Compliance Proprietorship Compliance Local Resident Director Service in India MCA Company Compliance OPC Compliance DIN eKYC Filing Name Change-Company Registered Office Change ADI-1 Filing DPT-3 Filing Dormant Status filing MOA Amendment AOA Amendment Authorized Capital Increase Share Transfer Dematerialisation of Shares Commencement of Business LLP Compliance Fast Track Exit Winding Up Company Director Appointment Director Resignationr NRI Repatriation Of Assets Liberalized Remittance Scheme Gifts US Tax Implications and Reporting Requirement TDS and Tax Liability in India Inheritance Clubbing of Income Double Taxation Avoidance Agreements Estate Planning FEMA Indian Rules FEMA Consultant India Recent Immigrant Services Returning India Capital gain on securities Capital gain on Scale Capital Gain on Computations Tax Exemptions on Reinvestment NRI Taxation Return Filing Certification & Form 15CA / 15CB Careers Chartered Accountant CA Article Assistant Blog Contact Us

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 local support—whether you’re a startup or an established enterprise.

What Is a Business Tax Return?

A Business Income Tax Return (ITR) is a formal declaration of a company’s income, expenses, and TDS to the Income Tax Department, submitted annually. It reflects your financial health and includes details like fixed assets, loans, debtors/creditors, and profitability.

Who Needs to File Business ITR in India?

According to tax guidelines:

Sole Proprietorships: Mandatory if total income exceeds:
- ?2.5 lakh (below 60 years)
- ?3 lakh (60–80 years)
- ?5 lakh (above 80 years)
Partnership Firms & LLPs: Must file 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?

Business Type	Applicable ITR Form
Proprietors (regular)	ITR-3
Proprietors (presumptive)	ITR-4 (Sugam)
Partnership Firms / LLPs	ITR-5
Companies (non-charitable)	ITR-6
Charities / Trusts	ITR-7

ITR-3: For proprietors with audited or non-presumptive income
ITR-4: For small businesses under presumptive taxation (Sections 44AD/ADA/AE)
ITR-5: LLPs, partnership firms, AOPs, etc.
ITR-6: Companies not claiming charitable exemption
ITR-7: Trusts, educational institutions, etc.

Filing Deadlines & Penalties

General Deadline: Filing by September 30 is typical for businesses not requiring audit .
Late Fees & Interest:
- Interest under Section 234A: 1% per month on unpaid tax .
- Late Fee under Section 234F: ?5,000 (?1,000 for income below ?5 lakh) .
Belated Returns: Permitted until December 31 but may restrict loss carry-forward

Why Choose Us — N D Savla & Associates?

Expert Guidance in Mumbai: Personalised attention from a reputable CA firm ensures accuracy and confidence.
Form Selection & Compliance Made Easy: We’ll pinpoint the correct ITR form for your business structure.
Deadline Management: Avoid penalties and audits with timely submissions.
Audit Support: In-depth assistance if your business requires tax audit.
Transparent & Local: Experience clarity, proximity, and stellar service tailor-made for Mumbai’s business ecosystem.

What Our Clients Say

“N D Savla is serving all professional services … tax refund … very smoothly.”
“Very helpful … ensured everything was handled efficiently.”

Contact ND Salva Now

Complying with business tax laws can feel overwhelming. With N D Savla & Associates, it’s seamless and strategic. Whether you’re a startup or a growing firm, benefit from precise ITR filing, audit readiness, and stress-free compliance.

Contact us today to get started on accurate, reliable, and timely business income tax filings.