ITR-6 Return Filing
ITR-6 Return Filing
ITR-6 is an income tax return form used by companies, other than those claiming exemption under Section 11 (income from property held for charitable or religious purposes), to report their income, deductions, and tax liabilities for a particular financial year. Here are some key points about ITR-6 return filing:
- Eligibility
- Filing Mode
- Structure
- Documents Required
- Due Date
- Verification
- Penalties for Late Filing
Who Can File ITR-6 Form?
The ITR-6 form is intended for companies registered under the Companies Act, 2013, that do not claim exemption under Section 11 of the Income Tax Act, 1961. Section 11 pertains to income from property held for charitable or religious purposes. Therefore, companies such as private limited companies, public limited companies, and one-person companies (OPCs) that are not engaged in charitable or religious activities must file the ITR-6 form. The form must be submitted electronically on the Income Tax Department’s e-filing portal, using a digital signature certificate (DSC) for authentication.
What Are the Eligibility Criteria for Filing ITR 6 Form?
The eligibility criteria for filing the ITR-6 form are as follows:
Company Status: The ITR-6 form is applicable to companies registered under the Companies Act, 2013, except those claiming exemptions under Section 11 of the Income Tax Act, 1961.
Income Type: Companies with income from business or profession, capital gains, income from house property, and other sources must file ITR-6.
Exemptions: Companies that claim exemption under Section 11 (income from property held for charitable or religious purposes) are not eligible to file ITR-6.
Electronic Filing: The form must be filed electronically on the Income Tax Department’s e-filing portal and must be authenticated using a digital signature certificate (DSC).
Non-Charitable Entities: Private limited companies, public limited companies, and one-person companies (OPCs) that are not engaged in charitable or religious activities fall under the eligibility criteria for ITR-6.
These criteria ensure that the correct entities use the ITR-6 form for accurate tax reporting and compliance.
Company Status: The ITR-6 form is applicable to companies registered under the Companies Act, 2013, except those claiming exemptions under Section 11 of the Income Tax Act, 1961.
Income Type: Companies with income from business or profession, capital gains, income from house property, and other sources must file ITR-6.
Exemptions: Companies that claim exemption under Section 11 (income from property held for charitable or religious purposes) are not eligible to file ITR-6.
Electronic Filing: The form must be filed electronically on the Income Tax Department’s e-filing portal and must be authenticated using a digital signature certificate (DSC).
Non-Charitable Entities: Private limited companies, public limited companies, and one-person companies (OPCs) that are not engaged in charitable or religious activities fall under the eligibility criteria for ITR-6.
These criteria ensure that the correct entities use the ITR-6 form for accurate tax reporting and compliance.
ITR-6 Return Filing FAQ's
Failure to file ITR-6 can result in penalties, interest on due taxes, and potential legal consequences under the Income Tax Act.
Yes, companies subject to audit under Section 44AB of the Income Tax Act must provide audit information in the ITR-6 form.
Yes, companies can claim deductions under Section 80G for donations made to eligible charitable institutions.
Penalties for late filing range from ₹1,000 to ₹10,000, depending on the delay and the total income.