ITR-6 Return Filing

ITR-6 Return Filing

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Income tax return filing for a taxpayer with taxable income of less than Rs.10 lakhs.


Income tax return filing for a taxpayer with taxable income of more than Rs.10 lakhs.


Income tax return filing for a taxpayer with taxable income of more than Rs.25 lakhs.

ITR 6 Submission Form

Form ITR 6 must be provided to Companies to file income tax returns if they do not wish to be exempt under Section 11 of the Income Tax Act 1961. Under the Income Tax Laws, Companies may claim exemptions under this category. 11 are those who have income from property reserved for a helper or religious person.

Therefore, ITR 6 should be filed with companies that do not wish to be exempted under section 11.

E-filing research reports

In the event that the auditor is responsible for auditing, u / s 44AB, and the auditor has audited the accounts, then the details of the audit report, auditor, and release date must be submitted to the department electronically.

Who is eligible to submit the ITR 6 Form?

The ITR 6 form must be completed by every company regardless of whether any of its properties are registered under the Companies Act 2013 or the previous Companies Act of 1956. However, companies whose source of revenue comes from the area reserved for religious or charitable purposes are not required. To complete Form ITR 6.

If the total sales, profits, or receipts exceed Rs.1 million in the previous financial year the company should find that the accounts have been audited by a certified Chartered Accountant.

Who is not eligible to submit the ITR 6 Form?

Companies with sources of revenue from religious or charitable organizations may seek exemption under Section 11. In simple terms, an entity seeking an exemption under Section 11 must not submit an ITR Form.

Structure of ITR 6 Form

ITR 6 is divided into Part A and Part B (and sub-sections) with multiple schedules covering income-related information and taxpayer taxation. Let’s take a closer look at this.

Part A (and its subdivisions)

General information:

This Clause should be completed with basic business details such as Name, PAN number, address, CIN, installation date, etc.

Trading Account

This clause requires information relating to the income and expenses of the company.

Sheet balance

This clause should contain company balance details such as liabilities, current liabilities, budget funds, and so on.

Production account

This clause requires the production figures for inventory-related accounts such as opening stock, closing stock, and cost of goods produced.

Profit and Loss Account

This clause must be completed with details of company profits or losses incurred during the relevant financial year.

Part B (and its subdivisions)

  1. Part B-TI
  2. Income calculation
  1. Part B-TTI
  2. Calculation of income tax liability.
  • Schedule – HP Calculation of Income Calculation Income from House Property
  • Schedule -BP Making a computer income under the head “profits and profits from business and work
  • Schedule -DMM Calculate the decline in the number of plants and equipment
  • Schedule –DOA For a summary of depreciation of all assets
  • Schedule –DCG In calculating the maximum profits made from the sale of declining assets
  • Schedule – ESR Deductions / s 35, ie costs for scientific research
  • Schedule-CG Calculation of revenue under the heading “Capital gains”
  • Schedule -OS To calculate income from other sources
  • Schedule – CYLA Calculate income after stopping losses this year
  • Schedule – BFLA Income calculation after stopping undisclosed losses last year
  • Schedule – CFL statement for loss of progress for an additional year
  • Schedule – UD statements of non-discounted amounts and grants
  • Schedule – Estimates of computerized disclosure of ICDS revenue
  • Schedule –10AA Arrested / s 10AA
  • Schedule –80G Details of deductions / s 80G related donations
  • Schedule –80 GGA Statement on contributions to scientific research and rural development
  • Schedule – VIA Statement of total withholding of revenue under Chapter VI-A
  • Schedule –SI Details of taxable income at special tax rates
  • Schedule – Details of PTI related to overtime income from business trust or investment fund
  • Schedule – EI statement of exempted income
  • Schedule – MAT Tax details / s 115JB (Limited Tax)
  • Schedule -DDT is a dividend tax statement, i.e. “dividend tax”
  • Schedule – BBS Details of income distributed tax on post-equity purchases
  • Schedule – ESI Statement of foreign exchange and tax exemption
  • Schedule – Information on IT for prepaid taxes and self-assessment taxes
  • Schedule –DSS TDS details of income other than salaries
  • Schedule – TCS TCS Statement (Tax collected from source)
  • Schedule – FSI Statement of Income Revenue outside India
  • Schedule –TR Details of tax exemptions required for external tax paid
  • Schedule -FA Full details of foreign goods and foreign exchange
  • Schedule –SH1 Details of owning unlisted company shares
  • Schedule –SH2 Details of beginner shareholders
  • Schedule –AL1 Statement of assets and liabilities at the end of the year
  • Schedule – GST Statement of Reported GST Profit
  • Schedule –FD Details of payment/receipt made in foreign currency

How to submit an ITR 6 Form?

The Income-Tax Department advises to complete income tax returns in the following order:

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

This income tax return must be submitted online and will be provided electronically by attaching the DSC for inspection. When completing Form ITR 6 no document is required to be submitted with a refund. The ITR 6 form is a non-suffix form.

The taxpayer is required to associate the data with the tax credit statement Form 26 AS in respect of tax deduction, collection, and payment.

Frequently Asked Questions

Which companies are seeking exemption under Section 11?

Companies that have revenue from the area reserved for charitable or religious purposes than companies that seek exemption under Section 11.

ITR 6 should be submitted in the following order: Part A Plans Part B Verification

This ITR 6 form will be compulsorily provided using Digital Signatures and the Tax Department.

There are no documents, not even a TDS certificate to be attached when completing ITR 6. Returns Taxpayers are advised to match the tax deductions on behalf of.

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