INCOME TAX RETURN OF COMPANY/LLP

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ABOUT INCOME TAX RETURN OF COMPANY/LLP

It is mandatory for all the registered companies to file annual return to the Income Tax Department. For profit, companies must file form ITR6 whether they are private limited companies, limited companies or one person companies. By using Form ITR 5 LLPs must filed the income tax Return. All the process can be done by online and digital signature on it at the website portal regarding Income tax.

APPLICABILITY

Limited Liability Partnerships (LLPs), Association of persons (AOPs) and Body of Individuals (BOIs), Artificial Juridical Person, Cooperative society and Local authority, are not required to file the income tax return. They come under section139(4A) or 139(4B) or 139(4C) or 139(4D). Companies are always need to use ITR 6, not ITR5.

DUE DATE

According to the section 44AD, 31st July of every year is the due date of filling income tax return for an individual. And 30th September is for all the companies and taxpayers of income tax return.