Income Tax Return Filing Guide for Businesses 2026

Quick Answer

Last updated 1 Jun 2026

Different taxpayers file different Income Tax Return forms, for example ITR-3 for individuals with business income, ITR-4 for presumptive taxation and ITR-5 for LLPs. This guide explains which form businesses use, how deductions and TDS reconciliation fit in, the due dates, and what happens if you file late.

A complete guide to income tax return filing for businesses in India — covering ITR forms, deductions, TDS reconciliation, due dates and what happens if you file late.

8 min read1 June 2026

Taxation & Accounting Editorial Team

Tax & Accounting Editorial Desk

GST ComplianceTax FilingsFinancial Reporting

Which ITR Form Should Your Business Use?

The Income Tax Department has different ITR forms for different types of taxpayers:

ITR-1 (Sahaj): Salaried individuals with salary, one house property and interest income. Income up to ₹50 lakh. NOT for business income.
ITR-3: Individuals/HUF with income from business/profession (not under presumptive taxation)
ITR-4 (Sugam): Individuals/HUF/Firms under presumptive taxation — Sections 44AD, 44ADA or 44AE. Income up to ₹50 lakh.
ITR-5: LLPs, AOPs, BOIs, Artificial Juridical Persons
ITR-6: Companies (other than those claiming exemption under Section 11)
ITR-7: Trusts, Political Parties, Section 8 companies, mutual funds

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