ITR-6 Form Filing in Chennai | Expert Help for Company Returns"

Income Tax Filing (ITR6)

Who needs to file itr6?

This return form applies to companies, except those filing ITR-7. As per Section 2(17) of the Income Tax Act, a company includes Indian companies, foreign corporate bodies, and certain institutions or associations declared as companies by the board.

Companies that do not claim exemption under Section 11 of the Income Tax Act must file ITR-6. This includes private limited companies, public limited companies, and other corporate entities.

Applicable Entities for ITR-6

Any company registered under the Companies Act, except those whose income is from charitable or religious purposes under Section 11, must use this form for tax filing.

Eligibility Criteria for Filing ITR-6

Businesses operating as companies, including domestic and foreign companies, must file ITR-6 unless they are exempt under specific provisions of the Income Tax Act.

Who Should Use the ITR-6 Form?

Partnership & Firms

ITR 6 - Company Income Tax Filing

Starting a business comes with various challenges, and managing tax compliance is an essential part of running a successful company. Filing ITR-6 is a crucial annual requirement for companies in India to ensure compliance with the Income Tax Act, 1961. Accurate and timely filing of ITR-6 helps businesses avoid penalties and legal issues while maintaining smooth operations.

Companies that do not claim exemptions under Section 11 must file ITR-6 to report their income and tax liabilities correctly. Staying compliant with tax regulations enhances a company’s credibility and financial stability. Let Rule Infinity experts assist you in completing your ITR-6 filing efficiently and hassle-free!

ITR 6 Applicability

ITR-6 applies to all companies except those exempt under Section 11. Companies using income for charitable or religious purposes cannot file ITR-6.
Applicable Entities
Companies registered under the Companies Act of 2013 or the Companies Act of 1956 are required to file the ITR 6 Form. This includes:

One Person Company

Public Limited Company

Who is Not Eligible to File the ITR 6 Form?

The following entities are not eligible to file the ITR 6 Form:

Individuals

Hindu Undivided Family (HUF)

Firms

Associations of Persons (AOP)

Bodies of Individuals (BOI)

Local Authorities

Artificial Judicial Persons

Section 11 Exempt Companies

Filing Deadline

ITR 6 Due Date

Every company must file its Income Tax Return under Section 139 of the Income Tax Act. The due date for filing is October 31st of the assessment year. If the company is involved in transfer pricing, the deadline extends to November 30th. Filing the return on time ensures compliance with tax regulations. Late filing may attract penalties and interest on unpaid taxes. Companies should maintain accurate financial records for smooth filing. Proper tax planning helps in avoiding last-minute hassles and ensures timely submission.

The Importance of Timely ITR
Filing for Companies

Filing ITR-6 before the due date ensures tax compliance while providing financial and operational benefits for your business.

Carry Forward of Losses

Timely filing enables companies to carry forward losses for future adjustments, as per Section 72 of the Income Tax Act. Late filing results in losing this benefit, affecting financial stability.

Avoiding Penalties and Interest

Late filing attracts a fee under Section 234F of the Income Tax Act. Filing on time also prevents interest charges on outstanding tax liabilities under Sections 234A, 234B, and 234C.

Reduced Risk of Scrutiny

Filing on time reduces the risk of scrutiny by tax authorities. Late submissions may trigger red flags, leading to notices and further examinations.

Quicker Refund Processing

Timely income tax return filing ensures quicker processing of tax refunds by the Income Tax Department, reducing delays and improving cash flow.

Enhanced Credit Opportunities

Timely tax return filing is essential for loan and credit applications, as banks and financial institutions require it to assess compliance and financial stability.

Smoother Winding-Up Process

When a company ceases operations, timely filing of Income Tax returns ensures a smoother and faster winding-up process, avoiding legal or financial complications.

Structure of ITR 6 Form

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

General information

name, PAN, address, CIN, incorporation date.

Trading Account

This subsection requires details relevant to the company's income and expenses.

Balance sheet

Company’s liabilities, share capital, and details.

Profit and Loss Account

Company’s profit or loss details.

Part B-TI

Computation of Total Income

Part B-TTI

Computation of tax liability for the total income.

Essential Records

Documents Required for
Filing ITR-6

When filing the ITR-6 return form, no annexures or supporting documents, including TDS certificates, are required to be attached. The Income Tax Department processes returns based on the information provided in the form itself. Taxpayers should ensure that all details entered are accurate and complete. It is recommended to reconcile taxes deducted, collected, or paid on their behalf. Comparing these amounts with their Tax Credit Statement (Form 26AS) helps avoid discrepancies and ensures a smooth filing process.

Effortless Compliance

Streamline Your ITR 6 Filing with RuleInfinity!

RuleInfinity provides end-to-end support for ITR 6 filing, ensuring a seamless and stress-free experience for businesses. Our expert team assists in understanding filing requirements, deadlines, and compliance with the Income Tax Act. We ensure accurate return preparation, tax reconciliation with Form 26AS, and error-free submission. With our guidance, companies can avoid discrepancies and penalties while maximizing efficiency. Trust RuleInfinity to simplify your ITR 6 filing process, allowing you to focus on business growth while we handle tax compliance.

E-Filing Steps

Procedure for Filing ITR Form 6

Log in to the Income Tax Portal, go to the “e-Filing” section, and select “Income Tax Returns.” Choose ITR Form 6 to begin the filing process. For a smooth and accurate submission, the Income Tax Department advises taxpayers to follow the recommended steps in the correct sequence.

Part A: Begin by filling out the taxpayer’s basic details, including personal information and income sources.
Schedules: Complete the relevant schedules that apply to your company’s income, deductions, and tax details. This includes details of profits and gains, tax payments, and any applicable exemptions.
Part B: Fill in the total income, tax computation, and any carry-forward losses.

Verification: Review all the information provided and complete the verification section to validate the accuracy of your return.
Submit the ITR: Once all sections are filled out and verified, submit the ITR Form 6 electronically.
Acknowledgement: After successful submission, download the acknowledgement receipt (ITR-V) for your records. If you opt for e-verification, you will receive an acknowledgement via email.

Essential Records

Documents Required for
Filing ITR-6

Effortless Compliance

Streamline Your ITR 6 Filing with RuleInfinity!

Rule Infinity provides end-to-end support for ITR 6 filing, ensuring a seamless and stress-free experience for businesses. Our expert team assists in understanding filing requirements, deadlines, and compliance with the Income Tax Act. We ensure accurate return preparation, tax reconciliation with Form 26AS, and error-free submission. With our guidance, companies can avoid discrepancies and penalties while maximizing efficiency. Trust RuleInfinity to simplify your ITR 6 filing process, allowing you to focus on business growth while we handle tax compliance.

Income from Salary & Pension

Income Tax Filing is mandatory if Tax payers have only salary or pension Income that is More than the Basic exemption Limit specified Under section 139 of the Income tax Law.

Basic Plan

₹499 to ₹999

Ideal for: Salaried individuals, pensioners, or those with very simple returns.

Includes:

Filing by a professional CA
Salary or pension income
Basic deductions (80C, 80D, etc.)
Bank interest income
Form 16 support

Add-ons:

Capital gains, rental and business income
No personal tax planning or optimization

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Standard Plan

₹1,499 to ₹2,499

Ideal for: Individuals with multiple income sources or capital gains.

Includes:

Everything in Basic Plan
Capital gains (Equity, Mutual Funds, Property)
Rental income / multiple properties
Freelancing or consultancy income (non-audit)
Tax planning report with
recommendations
Advance tax computation if applicable

Add-ons:

Email + limited CA phone support

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Premium Plan

₹3,999 to ₹7,499

Ideal for: Business owners, NRIs, HNIs, audit-required taxpayers

Includes:

ITR-2 / ITR-3 Filing with Detailed Computation
Everything in Standard Plan
Business/professional income (audit/non-audit)
Foreign income, NRI tax filing, DTAA
Books of accounts review
Audit report filing (ITR-3, 5, 6, or 7 as applicable)
Response to income tax notices (limited scope)
Year-round tax support
Priority Support

Add-ons:

Priority WhatsApp, email, and direct CA consultation

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ITR-6 Return Filing FAQ's

What is ITR 6?

ITR-6 is the designated Income Tax Return form for companies, except those seeking exemption under Section 11 of the Income Tax Act.

Who needs to file ITR 6?

All companies incorporated under the Companies Act of 2013 or 1956, except those exempt under Section 11, must file ITR-6.

What is the due date for filing ITR 6?

The ITR-6 filing due date is October 31st of the assessment year. For companies involved in transfer pricing, the deadline extends to November 30th.

What documents are required for filing ITR 6?

No annexures or documents are required for ITR-6 filing. However, taxpayers should reconcile taxes deducted, collected, or paid by verifying them with Form 26AS.

What are the consequences of filing ITR 6 late?

Late filing results in a fee under Section 234F and may lead to interest charges on outstanding tax liabilities under Sections 234A, 234B, and 234C.

Can a company carry forward its losses by filing ITR 6 on time?

Yes, timely filing allows companies to carry forward business losses for up to 8 subsequent assessment years.

Who is not eligible to file ITR 6?

Individuals, HUFs, firms, AOPs, BOIs, local authorities, and companies claiming exemption under Section 11 cannot file ITR-6.

What are the key sections of ITR 6?

ITR-6 comprises Part A (General Information, Trading Account, Balance Sheet, Manufacturing Account, Profit and Loss Account) and Part B (Total Income and Tax Computation).

What should I do if my company’s sales exceed Rs 1 crore?

If your company’s total sales exceed ₹1 crore, a tax audit under Section 44AB is mandatory.

What happens if I fail to file ITR 6 by the due date?

Missing the due date may lead to penalties, disallowance of loss carryforward, and heightened scrutiny from tax authorities.

Is there any fee for filing ITR 6?

Filing ITR-6 is free, but late submission may attract penalties under Section 234F.