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Corporate Tax & Financial Summary Assistant

For small companies filing the MRA corporate return (IT Form 3 / CT03) and the Financial Summary for the Registrar of Companies. Enter the accounts once — get both documents, balanced and validated. Nothing leaves your browser.

Profit before taxRs 0

Chargeable incomeRs 0

Total tax payableRs 0

Balance sheet—

Company details

These appear on both worksheets. Everything is optional except the accounting period — the figures work without them.

Company name BRN TAN

Accounting period — from Accounting period — to Approved by board on (for Financial Summary)

Company profile — drives the tax rules

Does the company export goods (or qualify for the 3% rate)?Chargeable income attributable to the export of goods is taxed at 3% instead of 15%.

Share of chargeable income attributable to export of goods (%)

Is the company liable to set up a CSR fund?CSR fund = 2% of the PRECEDING year's chargeable income. Some companies (e.g. certain exempt companies) are outside CSR — if unsure, answer Yes.

72–77

Preceding year's chargeable income (Rs) — line 72 CSR amount spent directly during the year (Rs) — line 74 CSR already paid in APS statements (Rs) — line 75

Did the company derive foreign source income?Maps to question 14(a) on the return; foreign tax paid can be claimed as a credit at line 82.

14(a)/82

Foreign tax credit claimable (Rs) — line 82

Profit & loss

Enter both periods — the Financial Summary for the Registrar requires current and previous figures side by side. Totals compute live.

Current periodPrevious period

From accounting profit to chargeable income

The MRA doesn't tax your accounting profit directly — some expenses are added back, some allowances deducted. Answer what applies; everything else stays 0.

Add back — unauthorised deductions (computation lines 2–12)

Depreciation in the accounts (Rs) — line 7 Penalties and fines (Rs) — line 6 Other non-allowable expenses (Rs) — line 11

Income not included in the P&L (Rs) — line 13.1

Deduct — allowable deductions (computation lines 15–60)

Dividends receivable from resident companies (Rs) — line 15 Annual allowance (Rs) — line 18 Other allowable / non-taxable items (Rs) — line 59

Losses

Losses brought forward from previous year (Rs) — line 62 Less: losses lapsed after 5 years (Rs) — line 63

Tax already paid or credited

Tax deducted at source — TDS (Rs) — line 84 TDS credits for interest (Rs) — line 85 Tax paid under APS, excluding CSR (Rs) — line 86

Balance sheet

Closing retained earnings are computed from opening retained earnings + this year's profit − dividends — no more plugging the difference by hand. If the sheet still doesn't balance, the assistant below diagnoses why and offers one-click fixes.

Assets

Current periodPrevious period

Equity

Dividends declared / paid this year (Rs) How is the dividend settled?

"Set-off" fits the common small-company case: the shareholder already withdrew the money during the year; the resolution ratifies those transfers as the dividend — no cash moves.

Prior-year adjustment to retained earnings (Rs, +/−)

Closing retained earnings (computed)

Liabilities

Balance check—