Company Tax Returns

 The amount of income-tax shall be increased by a surcharge at the rate of 2% of such tax, where total income exceeds one crore rupees but not exceeding ten crore rupees and at the rate of 5% of such tax, where total income exceeds ten crore rupees. Company Tax Returns

However, the surcharge shall be subject to marginal relief, Where income exceeds one crore rupees but not exceeding ten crore rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of one crore rupees by more than the amount of income that exceeds one crore rupees.While the deadlines for paying your Corporation Tax and filing a company tax return are different, in practice they’re often done at the same time.

This is because you usually need to complete a company tax return (also known as form CT600) to know whether there’s a Corporation Tax bill to pay. While it’s possible to complete the return yourself, lots of companies choose to enlist the services of an accountant to help them out.A business tax return is basically an income tax return.