WHO THIS WORK IS FOR
Businesses and professionals preparing annual income tax returns.
Business ITR Filing — what the work covers
Business return preparation begins with the accounts and a complete picture of the taxpayer’s activities. Trading, professional receipts, other income, tax payments and earlier-year items may all affect the final return.
We review the entity type and income profile, reconcile the available records and prepare the agreed computation and return. Presumptive taxation, audit applicability and loss treatment are considered from the facts and relevant period rather than assumed from a headline turnover amount.
WORK TO BE AGREED
Business ITR Filing: scope and deliverables
Confirm which of the following tasks, records and deliverables are included in your proposal before work starts.
- Business and taxpayer profile review
- Profit, balance sheet and income source reconciliation
- Tax credit, payment and earlier-year record comparison
- Computation, return preparation and filing coordination
What to confirm in your handover
- The agreed income and tax-credit reconciliation workings
- A list of unresolved records or confirmations
- Return or filing records and acknowledgements for work completed
Agree the information you will provide, the work we will perform and the records you will receive on completion.
PREPARATION CHECKLIST
Documents for Business ITR Filing
Start with these records. The initial review identifies any additional information needed for your entity and period.
- 01Trial balance, financial statements or business receipt records
- 02Bank statements and relevant loan or asset schedules
- 03AIS, Form 26AS and tax challans
- 04Previous returns, computations and intimations
- 05Audit reports and supporting schedules where relevant
Use an agreed secure channel for documents. The initial enquiry form is for a description of your requirement, not financial documents or portal passwords.
Discuss the document requirementsHOW THE WORK PROGRESSES
How business itr filing work progresses
Understand the profile
Identify the entity, income sources, period and work required.
Build the working
Review accounts, tax credits and supporting records; resolve missing information.
Review and file
Obtain the required confirmation, coordinate filing and retain the completion records.
FEES & TIMING
Fees and timing for Business ITR Filing
Your proposal should identify the professional work, deliverables and any separate charges. Relevant fee factors for this service include:
- Taxpayer type, income sources and the years requiring review
- Availability of accounts, broker statements and tax-credit records
- Prior returns, loss schedules, notices or other history requiring reconciliation
- Whether accounting, audit or representation is a separate engagement
The timetable follows receipt of the relevant accounts and tax records. Unresolved credits, missing statements and prior-year differences should be identified before return finalisation.
BEFORE YOU BEGIN
Questions worth asking.
Can a professional use a simplified return?
Eligibility depends on the relevant form, income profile and conditions. It should be checked before selecting a simplified or presumptive route.
Can you file without final accounts?
We first assess the records and applicable requirements. Where accounts need preparation, that work is agreed before the return is finalised.
Is tax audit included?
Audit is a distinct engagement with separate applicability, evidence and reporting requirements. It is included only when explicitly agreed.
Professional information & official sources
Prepared by Mohit R Gupta & Associates, Chartered Accountants, Delhi. General service information; not a substitute for advice on your facts. Applicability and period-specific requirements depend on your facts. Use the official portals for current forms, rules and notifications.
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