ITR for Companies is the income tax return that all registered companies, including private limited, public limited, and one-person companies, must file. This return is a comprehensive statement of a company's income, expenses, and tax liability for a financial year.
Filing a corporate ITR is a critical compliance requirement that helps companies report their financial performance to the tax authorities. It is essential for avoiding legal penalties, maintaining a good compliance record, and is often required for financial audits, loan applications, and other legal and business processes.
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