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ITR

Corporate tax return, advance tax & tax audit

Authority: Income Tax Dept (CBDT) · Income-tax Act, 2025

File once a year, pay four times in advance. The new Act and 'tax year' apply from April 2026, Budget 2026 staggered due dates, and AY 2026-27 audit-case returns are extended to 21 November 2026.

What to do

Official: confirmed from the law, government notifications and expert sources · Case-specific: whether or how much it applies depends on your company; Adullam assesses it for you in consultation · Example: illustrative only.

AnnualOfficial

Domestic companies can opt for 22% (10% surcharge, 4% cess, ~25.17% effective) without incentives; otherwise 25% up to ₹400 crore turnover, else 30%.

Source: taxaj.com ·
AnnualOfficial

Surcharge 2% (₹1–10 crore) or 5% (above), cess 4%.

Source: taxaj.com ·
QuarterlyOfficial

15% by 15 June, 45% by 15 Sept, 75% by 15 Dec, 100% by 15 March; 1% a month interest on shortfall.

Source: taxaj.com ·
AnnualOfficial

Companies are audited; AY 2026-27 report extended from 30 Sept to 21 Oct 2026.

Source: taxguru.in ·
AnnualOfficial

AY 2026-27 audit cases: 31 Oct → 21 Nov 2026; transfer-pricing cases stay 30 Nov.

Source: taxguru.in ·
AnnualOfficial

From April 2026 MAT is final with no new credit; companies on 22% are outside MAT.

Source: vajiramandravi.com ·
AnnualOfficial

Budget 2026 moved the revised-return deadline to 31 March.

Source: taxguru.in · checked
As neededOfficial

No company-level dividend tax; withhold 15% under the treaty when paying the Korean parent.

Source: incometaxindia.gov.in · checked

Deadlines


Source: taxaj.com ·
Income tax

Source: taxaj.com ·
Income tax

Source: taxguru.in ·
Income tax

Source: vidur.in ·
Income tax

Source: taxguru.in ·
Income tax

Source: taxguru.in · checked
Income tax

Source: taxaj.com ·
Income tax

What we need from you

  • Audited financial statements
  • Tax audit report
  • TDS credit (Form 26AS/AIS)
  • Advance-tax challans
  • Form 3CEB if applicable

Good to know

AY 2026-27 is the last year under the 1961 Act; income from 1 April 2026 (Tax Year 2026-27) is filed under the new Act in 2027. The 21 November extension does not cover transfer-pricing cases.

Source: taxguru.in · checked

Penalties & interest

1% a month on unpaid tax from the day after the due dateOfficial Source: taxguru.in · checked
1% a month on shortfall or delayOfficial Source: taxaj.com ·
Lower of 0.5% of turnover or ₹1.5 lakh (s.446)Official Source: incometaxindia.gov.in · checked

Our fees

Example: ₹15,000–₹60,000Example
Example: ₹25,000–₹1.5 lakhExample
Example: ₹3,000–₹10,000 per quarterExample
SETUP

See post-setup compliance

Adullam Incorporation lists company-law annual filings and dates.

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Recent cases

Confirmed cases plus illustrative examples within real ranges; examples are labelled.

· CBDT · TaxGuruOfficial

Circular 07/2026 (28 Sept 2026) moved the audit report to 21 Oct and audit-case returns to 21 Nov; Form 3CEB and TP returns unchanged.

Read source →
Example

A third-year seller without incentives opted for 22% (25.17% effective).

Request a consultation

Are any of our Indian filings missing?

Our local accounting team and partner chartered accountant will look with you. The first consultation is free.

Phone+82-10-7641-4018
KakaoTalkceo_adlconsulting
Emailliminae@adullamcorp.com
WhatsApp+82-10-2991-4018
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Corporate tax · Adullam Tax & Accounting