Filing of Income Tax Returns
Filing income tax returns (ITRs) in India is a mandatory legal requirement for eligible taxpayers—whether individuals, companies, partnership firms, or trusts. At PKP & CO, Chartered Accountants, we offer comprehensive, end-to-end direct tax return filing services in India, delivering accuracy, compliance, and strategic planning across all entity types.
Our seasoned team assists with timely and precise filing of ITRs such as ITR 1 through ITR 4 (individuals), ITR 5 (LLPs/partnerships), and ITR 6 (domestic companies). We ensure that clients can claim relevant tax exemptions, deductions, and refunds under Chapters like VI A and Sections such as 80C, 80D, and 35AD. Our services also include supporting documentation, reconciliation, and e-verification (Aadhaar OTP or EVC) to ensure smooth processing.
For businesses with cross-border operations, we provide guidance on Double Taxation Avoidance Agreement (DTAA) compliance, international income reporting, and foreign tax credits (FTC). Leveraging deep experience in both Indian and global tax regimes, we help businesses and individuals manage their tax exposure and enhance financial performance.
By combining ITR filing with tax advisory services, we deliver more than compliance—we provide an integrated solution for direct tax planning, return filing, and ongoing assurance that aligns with evolving tax laws and regulatory reforms.
Corporate Tax Planning and ITR-6 Filing Services in India
Effective corporate tax planning is essential for companies in India to reduce tax liabilities, maximize available deductions, and remain fully compliant with the Indian Income Tax Act. At Pratapkaran Paul & co, we offer specialized corporate tax advisory services and ITR-6 filing support tailored for domestic companies.
Whether you're a closely held private limited company, LLP converted into a company, or a startup scaling operations, we help structure your financial and tax decisions to align with statutory obligations and business goals. Our proactive approach ensures that your organization benefits from corporate tax savings, MAT planning, Section 32 depreciation, and strategic deductions under 80G, 35AD, and 10AA.
Our team of experts also handles ITR-6 filing, ensuring accuracy in reporting income, applying adjustments for disallowed expenses, and complying with MAT provisions through Form 29B certification wherever applicable.
Customized Corporate Tax Strategies
Tailor-made tax planning based on your business model to reduce corporate income tax liability and improve cash flow.
ITR-6 Filing for Domestic Companies
Expert assistance in preparing and e-filing ITR-6, applicable to companies not claiming exemption under Section 11, including detailed schedules and annexures.
Minimum Alternate Tax (MAT) Compliance
Filing of Form 29B for MAT certification, accurate MAT computation, and planning to minimize the impact of MAT under Section 115JB.
Utilization of Deductions and Exemptions
Claiming tax-saving benefits under Section 10AA (SEZ units), Section 35AD (capital expenditure for specified businesses), and Section 80G (donations).
Tax-Efficient Capital Investment Planning
Strategic advice on acquiring fixed assets to maximize Section 32 depreciation and capital gain exemptions
Tax Optimization of Business Expenses
Accurate classification of allowable and disallowable expenses to minimize taxable profit under the Income Tax Act.
Carry Forward of Losses and Depreciation
Planning and computation to utilize brought-forward losses under Section 72 and unabsorbed depreciation as per Indian tax laws.
Financing Structure Advisory
Tax-efficient financing through debt instruments where interest payments are deductible, helping reduce overall taxable income.
Individual Income Tax Return Filing (ITR 1 to ITR 4)
Individual taxpayers in India must select the correct ITR form based on their income sources—including salary, capital gains, rentals, or business revenues. Filing the right return ensures tax compliance and enables smooth refund processing.
- ASelection of the correct ITR form (ITR 1 for salaried, ITR 2 for capital gains, ITR 3 for professionals, ITR 4 for presumptive taxation) to ensure complete compliance.
- Calculation and reporting of total income, including salary, interest income, rental income, capital gains, and business income.
- Filing Form 10E to claim relief under Section 89(1) for arrears or advance salary.
- Claiming deductions under Chapter VI A (Sections 80C, 80D, 80G), backed by Form 16 or other proofs.
- Linking PAN with Aadhaar and verifying the ITR using Aadhaar OTP or EVC to accelerate processing and refunds.
Partnership Firms & LLP Income Tax Return Filing (ITR 5)
Partnerships and LLPs need professional expertise to file ITR 5 accurately, especially when handling profit-sharing, partner remuneration, and audit compliance.
- Filing ITR 5 for partnerships and LLPs with correct capital account reconciliation and remuneration details.
- Reporting of profit-sharing ratios and TDS on partners’ interest or salary.
- Compliance under presumptive taxation (under Sections 44AD/44ADA), if applicable.
- Claiming depreciation under Section 32 and accounting for disallowed expenses per Section 40(b) rules.
- Submission of Form 3CD and Form 3CB for firms requiring tax audit, alongside the ITR.
Trusts & Charitable Institutions Income Tax Return Filing (ITR 7)
Charitable organizations and trusts claiming exemption under Section 11 or 12 must ensure precise filing and compliance to retain tax benefits.
- Filing ITR 7 for trusts and institutions eligible under Section 11/12.
- Filing Form 10B, the annual audit report, when thresholds are exceeded.
- Utilizing Form 10/10A for income accumulation under Section 11(2) or for fresh registration under Section 12AB.
- Reporting donations via Form 10BD and issuing Form 10BE to donors, ensuring tax-exemption compliance.
- Ensuring at least 85% application of income to charitable activities to maintain exemptions.