Follow Us:

FREE CONSULTATION

Feel Free to Contact Us Now! Call us (888)123-4567

ITR 6 Filing Form

ITR 6 Form is to be furnished by the Companies to e-file the income tax returns if they are not claiming exemption under Section 11 of the Income Tax Act 1961. Under the Income-tax Rules, the Companies that can claim an exemption under section 11 are those that have income from the property that is held for the charitable or religious person.

Hence, ITR 6 is to be filed by the companies that do not claim an exemption under section 11.

 

Efiling audit reports

If in case the assessee is liable for the audit u/s 44AB and the accountant has audited the accounts, then the details of the audit report, the auditor along with the date of furnishing is to be sent to the department electronically.

DIN KYC Filing for Each partner of the LLP

The DIN KYC filing by each partner allotted the DIN Number on or before 31st March 2021 is mandatory. KYC filing is web-based if it is the subsequent filing. However, in the first time DIN KYC Filing, an e-form DIR-3 KYC is submitted with updated contact details and address proof of director. The last date for filing the DIN KYC is 30th September 2021. If a person does not file the DIN KYC within its due date of filing, then an additional fee of Rs. 5000/- is levied to reactivate the DIN. Please refer to our dedicated page for filing the DIN KYC for the partners of the LLP.

Who is eligible to file ITR 6 Form?

    • ITR 6 Form is to be filed by every company irrespective of its structure registered under the Companies Act 2013 or the earlier Companies Act 1956. However, the companies whose source of income comes from the property that is held for religious or charitable purposes are not required to file ITR 6 Form.
    • If the sales, turnover, or gross receipts are more than Rs.1 crore in the preceding financial year the entity must get the accounts audited from a certified Chartered Accountant.

Who is not eligible to file ITR 6 Form?

The companies who have sources of income from religious or charitable organizations can seek exemption under Section 11. In simpler words, an entity that is seeking exemption under Section 11 should not file ITR 6 Form.

Structure of ITR 6 Form

ITR 6 is divided into Part A and Part B ( along with the sub-sections) with multiple schedules that include information relevant to the income and tax of the taxpayer. Let us have a detailed look at this.

Part A ( and its subsections)

General information:
This Sub-section should be filed with the basic details of the entity such as the Name, PAN number, address, CIN, Incorporation date, etc.

Part A ( and its subsections)

General information:

This Sub-section should be filed with the basic details of the entity such as the Name, PAN number, address, CIN, Incorporation date, etc.

Balance sheet

This subsection should consist of the details of the balance sheet of the company such as the liabilities, current liabilities, share capital, and more.

Trading Account

This sub-section requires the details that are relevant to the income and the expenditure of the company.

Manufacturing account

This Sub-section required the figures of manufacturing the accounts relating to the inventory such as opening stock, closing stock, and cost of the goods that are produced.

Profit and Loss Account

This subsection should be filed with the details of the company’s profit or the loss that is incurred during the relevant financial year.

Part B (and its subsections)

Part B-TTI

Computation of Tax liability of the Total Income.

Schedules Purpose
Bank account details
Schedule –HP For computing incomes under the head Income from House Property
Schedule –BP For computing incomes under the head “profit and gains from business and profession
Schedule –DPM For calculating depreciation on plant & machinery
Schedule –DOA For a summary of depreciation on all assets
Schedule –DCG For calculating the deemed capital gain on sale of depreciable assets
Schedule –ESR Deductions u/s 35, i.e. expenditure on scientific research
Schedule –CG For calculating income under the head “Capital gains”
Schedule –OS For calculating income from other sources
Schedule –CYLA Calculating the income after setting off the current year’s loss
Schedule –BFLA Calculation of income after setting off the unabsorbed loss of the previous year
Schedule –CFL Statement of loss for carrying forward to a further year
Schedule –UD Statements of unabsorbed depreciation and allowance
Schedule –ICDS Income computation disclosure standards on profit
Schedule –10AA Deductions u/s 10AA
Schedule –80G Details of deduction u/s 80G relating to donations
Schedule –80 GGA Statement of donations for scientific research and rural development
Schedule –VIA Statement of deductions from total income under chapter VI-A

Part B-TI

Computation of Total Income

Schedules Purpose
Schedule –SI Details of income chargeable at special tax rates
Schedule –PTI Details relating to passing through income from business trust or investment fund
Schedule –EI Statement of exempted incomes
Schedule –MAT Details of tax payable u/s 115JB (Minimum Alternate Tax)
Schedule –DDT statement of tax paid on dividend, i.e. “dividend distribution tax”
Schedule –BBS Details of tax distributed income on buyback of shares
Schedule –ESI Statement of foreign incomes and tax relief thereto
Schedule –IT Details on advance-tax paid and self-assessment tax
Schedule –TDS Details of TDS on incomes other than salaries
Schedule –TCS Statement of TCS (Tax collected at source)
Schedule –FSI Statement of income accruing outside India
Schedule –TR Details of tax relief claimed for foreign tax paid
Schedule –FA Complete details of foreign assets and foreign income
Schedule –SH1 Details of shareholding of an unlisted company
Schedule –SH2 Details of shareholding of start-ups
Schedule –AL1 Statement of assets and liabilities at the end of the year
Schedule –GST Statement of turnover reported for GST
Schedule –FD Details of payment/receipt made in foreign currency

How to file ITR 6 Form?

The Income-tax department advises to fill the Income-tax returns in the following sequence:

    • Part A ( and its subsection) – All the Schedules
    • Part B ( its subsection) – Verification

This income tax return has to be filed online and is to be furnished electronically by affixing the DSC of the assessee. While filing the ITR 6 Form no document is required to be attached with return. ITR 6 Form is an annexure-less form.

The taxpayer is required to tally the data with the tax credit statement Form 26 AS regarding the tax deduction, collection, and payment.

Client Testimonials

Separator-Image-Blue

What people are saying about our services.

Wonderful experience and a very professional bunch of people. I extremely happy for their support and timely guidance ..keep the good work rolling!

gulshan anand singh

KDS is really a Smart & Highly Professional Organization. The most important thing is that you don't ever have to remind them of what needs to be done!

Upendra Singh

I have done my company Registration and post compliance formalities though this firm and I am very pleased with the services.

Santosh

Really it was good experience, company registration done in 10 days and cost is also efficient less compared to others.

Gaurav Kumar

Our Articales

Lorem ipsum dolor sit amet consectetur adipiscing elit sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad
minim veniam quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo.

1. What is ITR 6 Form?

08 December 2021

Companies other than companies that claim an exemption under Section 11 should furnish their income tax return in ITR 6 Form.

2. Which companies claim an exemption under Section 11?

08 December 2021

Companies having income from property that is held for charitable or religious purposes than companies claiming exemption under Section 11.

3. What is the sequence for filing ITR 6 Form?

08 December 2021

ITR 6 should be filed in the following sequence: Part A Schedules Part B Verification

4. How to file ITR 6 Form?

08 December 2021

This ITR 6 form is to be compulsorily furnished electronically using the Digital Signatures with the Income Tax Department.

5. Are any documents to be attached with ITR 6?

08 December 2021

No documents, not even the TDS certificate should be attached while filing ITR 6 returns. The taxpayers are advised to match the deducted taxes on behalf of.

CONTACT US NOW