Income Tax – Corporate

All companies incorporated in India are required to file income tax returns. Under the Income Tax Act 1961, company tax return filing is of 2 types, namely domestic company and foreign company.

Domestic company means an Indian company registered with the Ministry of Corporate Affairs like Private Limited Company, One Person Company or Limited Company.

Tax Rates:

Turnover up to Rs.250 Cr (Previous year) – 25%

Turnover exceeding Rs.300 Cr (Previous year) – 30%

Due Date

Income Tax Return – 30th September

ITR Forms


Companies registered in India and operating business for profit must file Form ITR 6. Hence, private limited companies, limited companies and one person companies would be required to file Form ITR6


ITR 7 must be filed by companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F). Hence, only Section 8 Company would be required to file income tax return in for ITR 7. In other words, non-profit organization companies.