ITR 6 Form - Everything You Need to Know

The Income Tax Department has introduced various forms for different taxpayers. An assessee should choose the appropriate form according to the source of income. One such Income Tax Return (ITR) is the ITR-6 form for companies. This article covers all about ITR 6.

What is the ITR-6 Form?

ITR 6 is the Income Tax Return filing form specifically meant for Companies other than companies claiming exemption under section 11 must furnish their income tax return in ITR-6 Form.

What are the companies claiming exemptions under section 11?

Companies claiming exemption under section 11 are those whose income from property is held for charitable or religious purposes.

Who Should File ITR 6?

All companies registered under the Companies Act 2013 or the earlier Companies Act 1956 should file ITR 6 Form. However, if the company's source of income comes from the property held for religious or charitable purposes, it is not required to file the ITR 6 Form.

E-filing Audit Reports

If the assessee is liable for Audit u/s 44AB of the Income Tax Act or it is required to get the audit done under any other law, then the accounts have been audited by an accountant, the details of such audit report, auditor along with the date of furnishing it to the department electronically has to be provided. 

Since the company is required to get the accounts audited under The Companies Act, the accountant must submit the audit report in FORM 3CA and 3CD.

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Who Should File ITR-6 Form?

The following entities should file ITR-6 forms as per the Income Tax Act 

• Domestic Companies: Companies having their registered place of business in India are called domestic companies, and these companies are governed by Indian tax laws.
• Foreign Companies: Companies that are registered outside India but have income sources in India are known as foreign companies.
• Partnership Firms: It includes all partnership firms, including limited liability partnerships (LLPs), that do not claim exemption under Section 11.
• Companies with Income from Business or Profession: Any company that has income from business or profession must file ITR 6.

What is the Structure of the ITR-6 Form?

The Form has been divided into two parts and several schedules:

• Part A: General information
• Part A-BS: Balance Sheet as on 31st March 
• Part A-BS-Ind AS: Balance Sheet as on 31st March or as on the date of the business combination
• Part A-Manufacturing Account for the financial year 
• Part A-Trading Account for the financial year 
• Part A-P&L: Profit and Loss Account for the financial year 
• Part A-Manufacturing Account-Ind AS: Manufacturing Account for the financial year 
• Part A-Trading Account Ind-AS: Trading Account for the financial year 
• Part A-P&L Ind-AS: Profit and Loss Account for the financial year 
• Part A-OI: Other information
• Part A-QD: Quantitative details
• Part A-OL: Receipt and payment account of company under liquidation
• Part B

The 46 schedules are:

• Schedule-HP: Computation of income under the head Income from House Property
• Schedule-BP: Computation of income under the head “profit and gains from business or profession”
• Schedule-DPM: Computation of depreciation on plant and machinery under the Income-tax Act
• Schedule DOA: Computation of depreciation on other assets under the Income-tax Act
• Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act
• Schedule DCG: Computation of deemed capital gains on sale of depreciable assets
• Schedule ESR: Deduction under section 35 (expenditure on scientific research)
• Schedule-CG: Computation of income under the head Capital gains.
• Schedule 112A: Sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A
• Schedule 115AD(1)(b)(iiii) - Proviso: Sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A  
• Schedule VDA: Income from transfer of Virtual Digital Assets (VDA)
• Schedule-OS: Computation of income under the head Income from other sources.
• Schedule-CYLA: Statement of income after set off of current year’s losses
• Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
• Schedule- CFL: Statement of losses to be carried forward to future years.
• Schedule –UD: Details of unabsorbed depreciation and allowance under section 35(4)
• Schedule ICDS: Effect of Income Computation Disclosure Standards on profit
• Schedule- 10AA: Computation of deduction under section 10AA
• Schedule- 80G: Details of donation entitled for deduction under section 80G
• Schedule 80GGA: Details of donations for scientific research or rural development
• Schedule 80GGC: Details of contributions made to political parties
• Schedule 80IAC: Deduction in respect of eligible start-up
• Schedule 80LA: Deduction in respect of offshore banking unit or IFSC
• Schedule RA: Details of donations to research associations etc.
• Schedule- 80IA: Computation of deduction under section 80IA
• Schedule- 80IB: Computation of deduction under section 80IB
• Schedule- 80IC or 80IE: Computation of deduction under section 80IC or 80 IE
• Schedule-VIA: Statement of deductions (from total income) under Chapter VIA.
• Schedule-SI: Statement of income which is chargeable to tax at special rates
• Schedule-IF: Information regarding investment in unincorporated entities
• Schedule-EI: Statement of Income not included in total income (exempt incomes)
• Schedule PTI: Pass through income details from business trust or investment fund
• Schedule-MAT: Computation of Minimum Alternate Tax payable under section 115JB
• Schedule-MATC: Computation of tax credit under section 115JAA
• Schedule BBS: Details of tax on distributed income of domestic company on buy back of shares, not listed on stock exchange
• Schedule TPSA: Secondary adjustment to transfer price as per section 92CE(2A)
• Schedule 115TD: Accreted income under section 115TD
• Schedule FSI: Details of income from outside India and tax relief
• Schedule TR: Summary of tax relief claimed for taxes paid outside India
• Schedule FA: Details of Foreign Assets and income from any source outside India
• Schedule SH-1: Shareholding of unlisted company
• Schedule SH-2: Shareholding of Start-ups
• Schedule AL-1: Assets and liabilities as at the end of the year
• Schedule AL-2: Assets and liabilities as at the end of the year (applicable for start-ups only)
• Schedule GST: Information regarding turnover/gross receipt reported for GST
• Schedule FD: Break-up of payments/receipts in Foreign currency
• Part B-TI: Computation of total income
• Part B-TTI: Computation of tax liability on total income
• Tax payments:
  1. Details of payments of Advance Tax and Self-Assessment Tax
  2. Details of Tax Deducted at Source (TDS) on Income
  3. Details of Tax Collected at Source (TCS) 

Key Changes in the ITR-6 Form in AY 2025-26

• Separate reporting of capital gains made before and after 23 July 2024.
• Share buyback losses can be claimed as capital losses.
• Presumptive Taxation under Section 44BBC for cruise operators.
• Diamond traders to declare profits at 4% of their gross revenue.
• TDS reporting requires mentioning the exact section code under which the deduction was made.
• More details are required to claim housing loan interest deduction u/s 24(b). 

How do I Fill out the ITR-6 Form?

Sequence for filling out parts and schedules

The Income Tax Department advises assesses to follow the sequence mentioned below while filling out the income tax return.

• Part A
• Schedules
• Part B
• Verification

How do I File my ITR-6 Form?

This income tax return has to be compulsorily furnished electronically under digital signature to the Income Tax Department.

No annexures required

No document (including the TDS certificate) should be attached with this return form while filing ITR-6. Taxpayers are advised to match the taxes deducted/collected/paid by or on behalf of them with their Tax Credit Statement Form 26AS.

Due Date for Filing ITR-6 Form

• When accounts are to be audited under the Income-Tax Act - 31 October of the assessment year
• When report in Form No. 3CEB is to be furnished - 30 November of the assessment year
• In other case (where accounts need not be audited) - 31 July of the assessment year

How to Fill out the Verification Document?

Fill up the required information in the Verification document. Strike out whatever is not applicable.

Please ensure that the verification has been signed before furnishing the return.

Choose the designation/capacity of the person signing the return. Note that any person making a false statement in the return or the accompanying schedules shall be liable to be prosecuted under section 277 of the Income-tax Act, 1961 and on conviction be punishable under that section with rigorous imprisonment and with fine.

Tips to File ITR-6

Here are some important tips that you must follow while filing ITR-6 -

• Gather Required Documents: Before you begin, collect all necessary documents, such as financial statements, tax deduction records, and your previous year’s return.
• Ensure Accuracy: Double-check all figures to prevent discrepancies that could result in penalties.
• Maximize Deductions: Review the deductions available under the Income Tax Act and claim all eligible ones to reduce your tax liability.
• File before the Deadline: Submit your ITR 6 on time to avoid penalties and interest charges.
• Consult a Professional if Needed: If you're unsure about any step, seek guidance from a tax professional or chartered accountant.

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5. Who and How to File ITR 4 
6. What is ITR-5 Form, Structure And How to File ITR-5
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