About This Plan
This plan is designed to help you file the income tax return of your company. Companies are governed by the Companies Act and its provisions have to be read along with Income Tax Act during return filing. Get Expert-Assistance in filing your company/LLP return. Individual return filing of up to two directors/partners is also covered in the plan.
Services Covered
- Income tax return filing of Company/Limited Liability Partnership(LLP)
- Individual income return filing of up to two directors/partners (only salary income)
- Ask an Expert session to address any related queries
- ClearTax Product for tax filing
- Documented follow up
- Excludes the Statutory audit Fees
Who Should Buy
- Company
- Limited Liability Partnership firm (LLP)
ClearTax Experts will help you file your return using in-house ITR filling ClearTax product.
How It's Done
- Purchase of Plan
- Upload documents on vault
- Expert fills return form
- Review Computation Sheet
- Get ITR-V after e-filing
Information Guide
Documents To Be Submitted
- Additional Form 16Additional Form 16 or if you have form 16 part B
FAQs
- What is the due date to file company income tax return?
The due date for filing income tax return in case of a company for A Y 2017-18 is 30th September 2017(whether audit of accounts is required or not). It is applicable for income earned from April 1st, 2016 to March 31st, 2017. For LLP due date is September 30th (where audit is required), November 30th(where there are foreign transaction or specified domestic transactions) and in other Expert'ses due date is July 31.
- What are the ITR forms for company and LLP?
All the companies are required to file ITR 6 other than the companies claiming exemption u/s Section 11, which applies to income from property held in trust or other legal obligation for religious or charitable purposes, wholly or partially.
ITR 7 is filed if the company is claiming exemption u/s 11. ITR 7 is not covered in the plan.
ITR 5 is filed if business is registered as an LLP.
- Can I file a revised return to correct a mistake in original return filed?
Yes, return can be revised within a period of one year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. Filing of revised return is not part of the plan. Plan buyer is required to provide full and accurate details to avoid the need for any rectification in the originally filed return.
- Can a return be filed after the due date?
Yes, a belated return can be filed before the end of the assessment year or before completion of the assessment year, whichever is earlier. For example, in case of income earned during FY 2019-20, the belated return can be filed up to 31st March 2021.
- Am I required to keep a copy of the return filed as proof and for how long?
Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to Expert'se) prior to the current financial year. However, in certain Expert'ses the proceedings can be initiated even after 6 years, hence, it is advised to preserve the copy of return for at least 6 years or maintain it as long as possible.
- Do I need to attach details of TDS deducted, proof of investments etc?
ITR return forms are attachment less forms and hence, you are not required to attach any document (like proof of investment, TDS certificates etc.) along with the ITR (whether filed manually or electronically). However, these documents should be retained and produced before the tax authorities when demanded in situations like assessment, inquiry etc.
- Are Audit and Financial statements preparation covered in the plan?
Audit & preparation of financial statements is not part of the plan.