India Grow, You Grow
📄 ITR-6 – Company Income Tax Filing in India
Starting a company is a significant achievement, but staying compliant with income tax regulations is essential to keep it running smoothly. ITR-6 Filing is a critical annual compliance requirement for companies in India under the Income Tax Act, 1961.
Timely and accurate filing of ITR-6 helps avoid penalties, supports financial transparency, and ensures long-term legal and operational stability.
👉 Ready to file your company’s ITR-6? Trust India Fills to handle the entire process seamlessly. Let’s get started today!
✅ What is ITR-6?
ITR-6 is the income tax return form that must be filed by companies other than those claiming exemption under Section 11 (charitable/religious trusts).
🏢 Who Should File ITR-6?
ITR-6 applies to all companies registered under the Companies Act, 2013 or 1956, including:
- 📌 Private Limited Companies
- 📌 One Person Companies (OPC)
- 📌 Public Limited Companies
❗ Exemption: Companies whose income is derived from property held for charitable or religious purposes and claim exemption under Section 11 are not required to file ITR-6.
🚫 Entities Not Eligible to File ITR-6
The following are not permitted to file ITR-6:
- Individuals 👤
- Hindu Undivided Families (HUFs)
- Partnerships or LLPs 🤝
- Association of Persons (AOP) / Body of Individuals (BOI)
- Local Authorities 🏛️
- Artificial Juridical Persons
- Companies claiming exemption under Section 11
📅 Due Date for Filing ITR-6
- ⏰ Standard Due Date: October 31st of the Assessment Year
- ⏰ For Companies with International Transactions/Transfer Pricing: November 30th of the Assessment Year
📌 Why Timely ITR-6 Filing is Crucial
🧾 1. Carry Forward of Losses
Filing on time ensures that business losses can be carried forward for up to 8 years, as per Section 72.
💸 2. Avoid Penalties & Interest
Delay in filing attracts penalties under Section 234F and interest under Sections 234A, 234B & 234C.
👀 3. Lower Risk of Tax Scrutiny
Late filings may increase the chances of your company being flagged for scrutiny.
💰 4. Quicker Refunds
Timely filing leads to faster processing of refunds by the Income Tax Department.
🏦 5. Better Loan & Credit Approvals
Banks and financial institutions often demand recent ITRs for loan approvals.
📑 6. Essential for Winding-Up
Filing all returns ensures smooth closure of the company if you choose to wind it up.
📂 Structure of ITR-6 Form
ITR-6 consists of Part A, Part B, and various schedules. Here’s a breakdown:
🧩 Part A – Basic Financial Information
- General Info: Name, PAN, CIN, Address, Incorporation Date
- Balance Sheet: Assets, Liabilities, Share Capital
- Trading A/c & P&L A/c: Income, Expenses, Profits/Losses
- Manufacturing A/c: Opening/Closing stock, Cost of production
🧮 Part B – Income & Tax Computation
- Part B-TI: Total Income computation
- Part B-TTI: Tax liability computation
🗂️ Key Schedules in ITR-6
Schedule | Purpose |
HP | House Property Income |
BP | Profits & Gains from Business/Profession |
DPM/DOA | Depreciation on Assets |
CG | Capital Gains |
OS | Income from Other Sources |
CYLA/BFLA/CFL/UD | Set-off of losses and depreciation |
ICDS | Income Computation Disclosure Standards |
10AA | SEZ Deductions |
80G / 80GGA / VIA | Deductions for Donations |
SI / PTI / EI | Exempt & Special Rate Incomes |
MAT / DDT / BBS | MAT, Dividend Tax, Buyback Tax |
ESI / IT / TDS / TCS / FSI / TR / FA | Foreign Income, Tax Credits, TDS/TCS, Assets |
SH1 / SH2 / AL1 / GST / FD | Shareholding, Asset/Liability Details, GST Turnover, Foreign Transactions |
📝 Step-by-Step Procedure for Filing ITR-6
- 🔐 Login to the Income Tax Portal
- 📤 Navigate to e-Filing → Income Tax Return → Select ITR-6
- 🧾 Fill Part A: General and Financial Information
- 🧮 Fill Schedules: Applicable to your business
- 📊 Fill Part B: Income & Tax Computation
- ✅ Verify & Submit the Return
- 📩 Download ITR-V Acknowledgement
(For physical verification or complete e-verification)
📄 Documents Required for ITR-6 Filing
📌 While no physical documents or annexures are submitted along with ITR-6, ensure you have:
- PAN, CIN, Incorporation Certificate
- Audited Financial Statements
- Balance Sheet & Profit and Loss Statement
- Tax Audit Report (if applicable)
- Details of Advance Tax, TDS, TCS
- Form 26AS (Tax Credit Statement)
- GST Returns (if applicable)
🤝 Why Choose India Fills for ITR-6 Filing?
India Fills provides end-to-end expert assistance for company ITR filing:
✅ Accurate computation of tax
✅ Proper schedule-wise data handling
✅ Expert reconciliation with Form 26AS
✅ Timely submissions to avoid penalties
✅ Complete compliance with Income Tax regulations
🎯 Let India Fills simplify your ITR-6 filing! Focus on running your business while we handle the compliance.
📞 Contact India Fills Today for expert support and seamless ITR-6 filing. Ensure your company stays compliant and stress-free!
