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Business Tax Filing

Income Tax

Business Income Tax Return (ITR) Filing Online

Setting up a business and understanding the complexities of filing returns is essential to running a business. A business tax filing is an income tax return filing applicable to companies. It serves as a comprehensive record of the business's earnings and expenses.

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Key Points to Consider for Business Tax Filing

Key Features

Total Income Assessment

Every business must compute its total income regardless of profit or loss. If the total income surpasses the basic taxable threshold before deductions, filing an income tax return is mandatory.

Gross Total Income Criteria

Gross Total Income exceeding Rs. 2.5 lakhs signifies surpassing the basic taxable threshold. For business tax return filing, income before deductions exceeding Rs. 3 lakhs is considered.

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