For Startups, MSMEs, Private Limited, LLPs & Proprietors
1️⃣ 🧾 Introduction – What is Business Tax Filing?
Every registered business in India must file income tax returns annually—whether you’re earning profit or not.
💼 Includes:
- Sole proprietorships
- Partnership firms
- LLPs
- Private Limited Companies
- Startups & MSMEs
🌐 Official Website: https://www.incometax.gov.in
2️⃣ 📜 Types of Licenses Offered (Applicable ITR Forms)
🗂️ Depending on your business type, use one of the following ITR forms:
| Entity Type | Applicable ITR Form |
| Proprietorship | ITR-3 / ITR-4 |
| Partnership Firm | ITR-5 |
| LLP | ITR-5 |
| Private Limited Company | ITR-6 |
| Section 8 Company / Trust | ITR-7 |
⚖️ Also consider:
- GST filings
- TDS returns
- Tax audits under Sec 44AB if turnover crosses threshold
3️⃣ 👨💼 Who Needs These Services?
Professional tax filing is essential for:
- Startups seeking investor compliance
- MSMEs crossing GST/turnover limits
- Freelancers with foreign clients
- LLPs & Pvt Ltds with multiple revenue streams
- Companies undergoing audits or scrutiny
📊 Common industries: E-commerce, manufacturing, IT services, consultancies.
4️⃣ 🤝 Why Choose a Filing Service Provider?
🔍 Filing business taxes can be complex. Experts help with:
- Selecting the correct ITR form
- Managing depreciation & carry-forward losses
- Handling TDS, GST & Audit reports
- Error-free data entry from ledgers & books
- Avoiding penalties and notices from ITD
💡 Pro Tip: Avoid generic CA firms — go for tax experts who specialize in digital compliance.
5️⃣ 📝 Registration & Filing Process – Step-by-Step
Here’s how to file business tax returns in India:
For Proprietorship (Non-Audit)
- Prepare profit & loss and balance sheet
- Compute income under PGBP
- Calculate deductions and depreciation
- Login to incometax.gov.in
- Select AY 2024–25, Choose ITR-3 or ITR-4
- Submit and e-verify using DSC or OTP
For Companies/LLPs
- Finalize books & audit reports
- Prepare computation sheet & tax payable
- File Form 3CA/3CD (if audit applicable)
- Upload ITR-5 / ITR-6 via Digital Signature Certificate (DSC)
- Submit Form 10B (for charitable entities) if needed
📅 Deadline:
- Non-Audit Businesses: 31st July 2025
- Audit Cases / Companies: 31st October 2025
6️⃣ 📂 Documents Required
📁 Common checklist:
- PAN, Aadhaar of directors/partners
- Financial statements (P&L, Balance Sheet)
- Audit reports (if applicable)
- TDS returns & challans
- GST filings summary
- Bank statements
- Fixed asset & depreciation schedules
- Foreign income/investments (if applicable)
7️⃣ 💸 Cost Involved
| Entity Type | Approx. Fee (INR) |
| Proprietorship (Non-audit) | ₹2,000 – ₹5,000 |
| Partnership / LLP (with books) | ₹4,000 – ₹8,000 |
| Pvt Ltd Company (with audit) | ₹10,000 – ₹25,000 |
| Add-on Services (GST, TDS, MCA Filing) | ₹1,000 – ₹5,000 |
📈 Prices vary based on volume of transactions, audit applicability & turnover.
8️⃣ ⏰ Time Taken
⏳ Estimated timeline:
- Simple proprietorship: 2–3 working days
- LLP/Pvt Ltd (with audit): 7–15 working days
- Start early to avoid rush penalties.
9️⃣ ⚠️ Common Mistakes to Avoid
🚫 Most business owners make these filing mistakes:
- Choosing wrong ITR form
- Missing audit requirements under Section 44AB
- Not reconciling GST and income tax
- Late filing without interest payment
- Not e-verifying within 30 days
✅ Always reconcile books, GST, and TDS before final submission.
🔟 📣 Call-to-Action (CTA)
Need business ITR filing help across India?
📧 Email: opriyatrendingpvtltd@gmail.com
📲 WhatsApp: +91 7588756518
🌐 Visit: www.opriyatrending.in
✅ Let professionals handle your compliance so you can focus on business growth!
1️⃣1️⃣ ❓ FAQs
Q1. Can I file business ITR without a CA?
👉 Yes, but it is risky for businesses due to audit, depreciation & tax compliance errors.
Q2. What is the penalty for late filing of business ITR?
👉 ₹1,000–₹5,000 under Section 234F, plus interest under 234A/B/C.
Q3. Do LLPs need audit mandatorily?
👉 Only if turnover exceeds ₹1 crore or if under presumptive tax.
Q4. Can I revise business ITR later?
👉 Yes, within the allowed window (usually before Dec 31 of the AY).
