Important Dates: Last date for Income Tax Return Filing: Dec 31st | GST Filing Deadline: Nov 30th | Deadline for Advance Tax Payment: Dec 15th | Contact us to avoid penalties!

Income Tax

Income Tax Return (Sec 8 Company)

Income Tax Filing for Section 8 Companies ensures compliance with the Income Tax Act for non-profit organizations. We provide comprehensive services for preparing and filing ITR-7 for Section 8 Companies, including tax computation, exemptions, TDS reconciliation, and preparation of financial statements. Our experts handle complex tax calculations and ensure accurate filing, helping Section 8 Companies maximize tax exemptions and avoid penalties. We also offer expert guidance on tax planning and compliance to ensure you make informed financial decisions. Let us handle your income tax filings so you can focus on your organization's mission.

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Services Included
  • Preparation & Filing of ITR-7 for Section 8 Companies
  • Computation of Taxable Income & Tax Exemptions
  • Adjustment of Business Expenses & Donations
  • TDS Reconciliation & Advance Tax Calculation
  • Preparation of Balance Sheet & Income & Expenditure Account
  • Guidance on Tax Planning & Compliance Advisory
Services Excluded
  • Filing of GST Returns (available separately)
  • Tax Audit & Certification (mandatory if turnover exceeds ₹1 crore)
  • Representation in Income Tax Scrutiny or Appeals
  • Bookkeeping & Accounting Services (available separately)
Documents Required **
  • PAN & Incorporation Certificate (CIN) of the Section 8 Company
  • MOA & AOA (Memorandum & Articles of Association)
  • 12A & 80G Registration Certificates (if applicable)
  • Bank Statements & Financial Records
  • Balance Sheet & Income & Expenditure Statement
  • TDS Certificates & Advance Tax Payment Proof (if applicable)
  • GST Filings & Other Tax Compliance Details (if applicable)

** Documents listed are indicative. Specific requirements will be provided during execution based on your profile and service scope.

Benefits
  • Ensure Legal Compliance – Meet tax filing requirements under the Income Tax Act
  • Avoid Late Fees & Penalties – Timely filing prevents fines and scrutiny
  • Maintain 12A & 80G Tax Exemptions – Keep eligibility for tax benefits intact
  • Hassle-Free Filing & Documentation – Experts handle all tax-related complexities
  • Strengthen Credibility – A filed ITR helps with grant approvals and donor confidence
  • Accurate Tax Computation – Minimize scrutiny risks with proper tax assessment
Who Should Buy
  • Registered Section 8 Companies operating as non-profits or charitable organizations
  • NGOs & Trusts wanting to maintain 12A & 80G tax exemption benefits
  • Non-profits applying for grants & CSR funding needing proof of tax compliance
  • Companies requiring professional assistance for accurate tax filing
  • Organizations looking to avoid penalties for non-compliance
Turn Around Time (TAT)*
  • Initial Consultation & Document Collection: 2-3 working days
  • ITR Preparation & Review: 5-7 working days
  • Filing & Acknowledgment Receipt: 7-10 working days

* TAT is indicative and depends on timely and accurate data. No liability shall arise for delays caused by data lapses, regulatory changes, system disruptions, or circumstances beyond control.

How it's done

Step 1

Consultation & Data Collection

Step 2

Tax Computation & Exemption Adjustments

Step 3

Preparation of ITR-7 & Verification

Step 4

Filing of Income Tax Return

Step 5

Confirmation & Compliance Advisory

FAQs

Section 8 Companies must file ITR-7 under the Income Tax Act.
Yes, even if a Section 8 Company has no income or is exempt from tax, it must file a return.
Non-Audit Cases: 31st October, Audit Cases (Turnover > ₹1 crore): 30th September.
Yes, tax audit is required if turnover exceeds ₹1 crore (₹10 crore for digital transactions) or if required by donors.
Yes, if it has 12A & 80G registration, it can claim tax exemptions on income.
A late fee up to ₹10,000 applies, along with loss of tax exemptions in some cases.
Yes, it can file a revised return before 31st December of the assessment year.

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What our clients say

The team provided exceptional financial advice, helping us streamline our tax filing and improve our compliance. Their knowledge and timely support exceeded all expectations.

Their expertise in tax planning and advisory has been invaluable in helping us optimize our financial strategy. We are grateful for their proactive guidance and professional service.

Their timely advice and professional approach have been instrumental in navigating complex tax filings and optimizing financial outcomes for our business.

Our experience with this firm has been excellent. They have provided valuable insights on financial planning and have always been available to address our concerns.

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