Expert Assistance for ITR-6 (Company Income Tax) Filing

Filing ITR-6 is an essential annual compliance requirement for companies in India. Accurate and timely filing of the ITR-6 form ensures adherence to the Income Tax Act, 1961, helping businesses avoid penalties, legal complications, and maintain smooth financial operations. At Taxation Point India, our experts provide end-to-end guidance to make your ITR-6 filing seamless and hassle-free.

Who Should File ITR-6?

ITR-6 is applicable to all companies except those claiming exemption under Section 11 of the Income Tax Act (income derived from charitable or religious purposes). Companies required to file ITR-6 include:

• Private Limited Companies
• One Person Companies (OPC)
• Public Limited Companies

Entities Not Eligible to File ITR-6

• Individuals
• Hindu Undivided Families (HUFs)
• Firms, Associations of Persons (AOPs), or Bodies of Individuals (BOIs)
• Local Authorities and Artificial Judicial Persons
• Companies exempt under Section 11 of the Income Tax Act

Due Dates for Filing ITR-6

• For standard cases: 31st October of the assessment year
• For companies involved in transfer pricing: 30th November of the assessment year

Importance of Timely ITR-6 Filing

• Carry Forward of Losses: Timely filing allows companies to carry forward losses for up to 8 subsequent assessment years (Section 72).
• Penalty Avoidance: Prevent late filing penalties under Section 234F and interest under Sections 234A, 234B, and 234C.
• Reduced Risk of Scrutiny: Filing on time minimizes the risk of notices and tax scrutiny.
• Faster Refunds: Timely returns expedite processing of tax refunds.
• Enhanced Credit Opportunities: Banks and financial institutions often require timely filed returns for credit approvals.
• Smoother Winding-Up: Companies closing operations benefit from a complete, on-time tax filing history.

Structure of ITR-6 Form

ITR-6 is structured into Part A and Part B with multiple schedules to comprehensively report company income, deductions, and taxes:

• Part A – General Information: Entity details including name, PAN, CIN, address, incorporation date, and contact information.
• Trading Account: Income and expenditure details.
• Balance Sheet: Reporting of liabilities, assets, and share capital.
• Manufacturing Account: Inventory and cost of goods produced.
• Profit and Loss Account: Profit or loss during the financial year.
• Part B – Tax Computation: Includes Part B-TI (Total Income) and Part B-TTI (Tax Liability).

Key Schedules in ITR-6

ITR-6 includes various schedules covering all aspects of a company’s financial information, including income sources, deductions, capital gains, depreciation, taxes paid, foreign income, TDS/TCS, and more. Important schedules include:

• Schedule HP – Income from House Property
• Schedule BP – Business and Profession Income
• Schedule DPM / DOA / DCG – Depreciation and Capital Gains
• Schedule ESR – Expenditure on Scientific Research
• Schedule CG – Capital Gains
• Schedule OS – Other Sources of Income
• Schedule CYLA / BFLA / CFL – Loss Adjustment
• Schedule UD – Unabsorbed Depreciation
• Schedule ICDS – Income Computation and Disclosure Standards
• Schedule 10AA, 80G, 80GGA, VIA – Deductions
• Schedule SI – Special Tax Rate Income
• Schedule PTI / EI / MAT / DDT / BBS / ESI – Taxes and Exemptions
• Schedule IT / TDS / TCS / FSI / TR / FA – Tax Payments, Foreign Income & Assets
• Schedule SH1 / SH2 / AL1 / GST / FD – Shareholding, Assets & Liabilities, GST & Foreign Payments

Documents Required for Filing ITR-6

Filing ITR-6 does not require submission of annexures or supporting documents, including TDS certificates. Companies should, however, reconcile tax deducted, collected, or paid with their Tax Credit Statement (Form 26AS) and maintain proper records for verification purposes.

Procedure for Filing ITR-6

• Log in to the Income Tax Portal and select “Income Tax Returns” → ITR-6.
• Complete Part A – General Information and entity details.
• Fill in all applicable Schedules relevant to your company’s income, deductions, and taxes.
• Complete Part B – Total Income and Tax Liability computations.
• Verify all details and submit the ITR electronically.
• Download the acknowledgment (ITR-V) or opt for e-verification.

Why Choose Taxation Point India for ITR-6 Filing?

• Expert Assistance: Guidance from experienced professionals throughout the filing process.
• Accurate Compliance: Ensuring all schedules, deductions, and taxes are reported correctly.
• Hassle-Free Filing: Complete filing support without the need for physical paperwork.
• Secure & Confidential: Advanced encryption ensures the safety of your financial data.
• Post-Filing Support: Assistance for reconciliation, notices, or queries after submission.

✅ File your ITR-6 with Taxation Point India for accurate, timely, and compliant company tax filing.
📞 Contact us today for expert assistance and ensure a smooth and hassle-free filing experience.