Income Tax
Business Tax Return Filing
File your business income tax return with proper accounting, depreciation, tax adjustments and audit compliance.
Overview
Business tax returns require detailed computation of income from business or profession, including turnover, allowable expenses, depreciation, disallowances and tax adjustments. The return must be supported by properly maintained books of account.
What We Handle
- Review of books of account and financial statements
- Turnover and income computation
- Expense allowability review
- Depreciation calculation (as per IT Act)
- Tax audit applicability check (Section 44AB)
- Advance tax computation and instalments
- Return preparation and filing
Why Choose VSB Consultants?
We ensure your business return is prepared with accurate financials, proper depreciation, applicable disallowances and correct carry-forward of losses.
Requirements, documents, government fees, professional fees and timelines may vary depending on the applicant, jurisdiction, portal status and applicable law. The final scope will be confirmed after reviewing the specific case.
FAQ
Frequently Asked Questions
Tax audit under Section 44AB is required if business turnover exceeds Rs 1 crore (Rs 10 crores if 95% of transactions are digital), or professional receipts exceed Rs 50 lakhs.
If estimated tax liability exceeds Rs 10,000 in a year, advance tax must be paid in quarterly instalments: 15% by June 15, 45% by Sept 15, 75% by Dec 15, 100% by March 15.
Yes, business losses can be carried forward for up to 8 assessment years if the return is filed within the due date. Speculative business losses have separate carry-forward rules.
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