Filing Income Tax Returns (ITR) is a critical compliance for startups in Raipur. Under the Startup India initiative, eligible startups can claim a 100% tax rebate on profits for three consecutive years under Section 80-IAC. However, key steps must be followed to ensure compliance and avoid audit notices:
- Ensure registration with DPIIT (Department for Promotion of Industry and Internal Trade).
- Choose the correct ITR Form (usually ITR-6 for Private Limited Companies).
- File before the deadline (typically October 31st for audited corporations).
Consult a professional CA to optimize tax-saving deductions and build a strong financial foundation.
Need help with this compliance?
Get a free consultation from Raipur's leading CAs.