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ITR-6 Return Filing

What is ITR-6 Form?

ITR-6 filing is a crucial annual compliance requirement for corporate entities in India. This form is specifically designed for companies other than those claiming exemption under section 11 (Income from property held for charitable or religious purposes). Accurate and timely filing of ITR-6 ensures compliance with the Income Tax Act 1961 and helps avoid penalties and legal complications. Munibgiri provides tailored services to simplify the ITR-6 filing process and assist businesses in meeting their tax obligations efficiently.

Who Can File ITR-6 Form?

  • Companies not seeking exemption under section 11 (Income from property held for charitable or religious purposes).

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ITR 6 Form Filing

Who Are Not Eligible to File ITR-6 Form?

  • Individuals
  • Hindu Undivided Family (HUF)
  • Firms
  • Association of Persons (AOP)
  • Bodies of Individuals (BOI)
  • Local Authorities
  • Artificial Judicial Persons
  • Companies seeking exemption under section 11 of the Income Tax Act

Eligibility Criteria for Filing ITR-6 Form

Companies registered under the Companies Act or any other applicable law can file the ITR-6 Form if they do not claim exemption under section 11.

E-filing Audit Reports

Taxpayers subject to an audit under section 44AB must furnish electronic details of the audit report, including information about the auditor and the date it was submitted to the tax department.

Structure of ITR-6 Form

The ITR-6 Form is divided into Part A and Part B, along with multiple schedules, to capture detailed information about the income and tax of the taxpayer.

Part A (and its subsections)

  • General Information:
  • Trading Account:
  • Balance Sheet:
  • Manufacturing Account:
  • Profit and Loss Account:
  • Basic details of the entity such as the name, PAN number, address, CIN, incorporation date, etc.
  • Details relevant to the company's income and expenditure.
  • Information about the company's liabilities, current liabilities, share capital, and more.
  • Figures related to the manufacturing accounts, including opening stock, closing stock, and the cost of goods produced.
  • Details of the company's profit or loss during the financial year.

Part B (and its subsections)

  • Part B-TI:
  • Part B-TTI:
  • Computation of Total Income.
  • Computation of Tax liability on Total Income.

Schedules:

Bank Account Details

  • Schedule HP:
  • Schedule BP:
  • Schedule DPM:
  • Schedule DOA:
  • Schedule DCG:
  • Schedule ESR:
  • Schedule CG:
  • Schedule OS:
  • Schedule CYLA:
  • Schedule BFLA:
  • Schedule CFL:
  • Schedule UD:
  • Schedule ICDS:
  • Schedule 10AA:
  • Schedule 80G:
  • Schedule 80GGA:
  • Schedule VIA:
  • Schedule SI:
  • Schedule PTI:
  • Schedule EI:
  • Schedule MAT:
  • Schedule DDT:
  • Schedule BBS:
  • Schedule ESI:
  • Schedule IT:
  • Schedule TDS:
  • Schedule TCS:
  • Schedule FSI:
  • Schedule TR:
  • Schedule FA:
  • Schedule SH1:
  • Schedule SH2:
  • Schedule AL1:
  • Schedule GST:
  • Schedule FD:
  • Income from House Property
  • Profit and gains from business and profession
  • Depreciation on plant & machinery
  • Summary of depreciation on all assets
  • Deemed capital gain on sale of depreciable assets
  • Deductions u/s 35 (expenditure on scientific research)
  • Income from Capital Gains
  • Income from other sources
  • Income after setting off the current year's loss
  • Income after setting off the unabsorbed loss of the previous year
  • Statement of loss for carrying forward to a future year
  • Statements of unabsorbed depreciation and allowance
  • Income computation disclosure standards on profit
  • Deductions u/s 10AA
  • Deductions u/s 80G (donations)
  • Donations for scientific research and rural development
  • Deductions from total income under chapter VI-A
  • Income chargeable at special tax rates
  • Passing through income from business trust or investment fund
  • Exempted incomes
  • Tax payable u/s 115JB (Minimum Alternate Tax)
  • Tax paid on dividend (dividend distribution tax)
  • Tax distributed income on buyback of shares
  • Foreign incomes and tax relief
  • Advance-tax paid and self-assessment tax
  • TDS on incomes other than salaries
  • Tax collected at source
  • Income accruing outside India
  • Tax relief claimed for foreign tax paid
  • Foreign assets and foreign income
  • Shareholding of an unlisted company
  • Shareholding of start-ups
  • Assets and liabilities at the end of the year
  • Turnover reported for GST
  • Payments/receipts made in foreign currency

ITR-6 Due Date

  • Audited Accounts:
  • Reporting in Form No. 3CEB:
  • Non-Audited Accounts:
  • October 31st of the assessment year.
  • November 30th of the assessment year.
  • July 31st of the assessment year.

How to File ITR-6 Form?

The recommended sequence for filling out the ITR-6 Form is:
  • Part A
  • Schedules
  • Part B
  • Verification
This sequence ensures organized and accurate completion of the income tax return.

No Documents Required

No annexure or documents, including TDS certificates, need to be attached to the ITR-6 return form during filing. Taxpayers should reconcile taxes deducted, collected, or paid on their behalf by comparing them with their Tax Credit Statement Form 26AS.

How Munibgiri Can Assist in Filing ITR-6?

Munibgiri is a reputable online platform known for its tax and compliance services expertise. For ITR-6 filing, Munibgiri offers a range of services to assist corporate entities:

Expert Guidance

  • Our team provides expert guidance and support throughout the ITR-6 filing process, ensuring accurate reporting of financial information and claiming all eligible deductions.

Easy Online Filing

  • We offer a user-friendly online portal to simplify the ITR-6 filing process. Securely upload your financial data and documents for a convenient, paperless experience.

Compliance Assurance

  • Munibgiri ensures that your ITR-6 is filed in compliance with the latest tax regulations, minimizing the risk of errors and penalties.

Timely Filing

  • Timely filing of Form 6 income tax filing is essential to avoid penalties. Munibgiri helps you meet deadlines and file your returns on time, ensuring legal compliance.

Personalized Support

  • Munibgiri provides personalized support from tax experts who can address your queries and concerns, making the Form 6 income tax filing process smoother.
Contact our experts now and experience the convenience of seamless tax compliance with Munibgiri.