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ITR-6 Form Filing

ITR-6 forms must be filed by companies registered in India.The ITR-6 form is to be furnished by the companies to e-file the income tax returns if they are not claiming exemption under Section 11 of the Income Tax Act 1961. Under the Income-tax Rules, the companies that can claim an exemption under Section 11 are those that have income from property that is held for a charitable or religious person.Hence, ITR 6 is to be filed by the companies that do not claim an exemption under Section 11.

Who is eligible to file an ITR-6 form?

  • The ITR 6 Form is to be filed by every company, irrespective of its structure, whether it is registered under the Companies Act 2013 or the earlier Companies Act 1956. However, the companies whose source of income comes from property that is held for religious or charitable purposes are not required to file ITR-6 forms.

  • If the sales, turnover, or gross receipts are more than Rs.1 crore in the preceding financial year the entity must get the accounts audited from a certified Chartered Accountant.

Structure of ITR 6 Form

ITR 6 is divided into Part A and Part B (along with the sub-sections) with multiple schedules that include information relevant to the taxpayer's income and taxes. Let us have a detailed look at this.


Part A (and its subsections)

  • General information: This sub-section should be filled out with the basic details of the entity, such as the name, PAN number, address, CIN, incorporation date, etc.

  • Trading Account: This sub-section requires the details that are relevant to the income and expenditure of the company.

  • Balance sheet: This subsection should consist of the details of the balance sheet of the company, such as the liabilities, current liabilities, share capital, and more.

  • Manufacturing account: This sub-section required the figures of the accounts relating to the inventory, such as opening stock, closing stock, and the cost of the goods that are produced.

  • Profit and Loss Account: This subsection should be filed with the details of the company's profit or loss that was incurred during the relevant financial year.


Part B (and its subsections)

  • Part B-TI: Computation of Total Income

  • Part B-TTI: Computation of Tax Liability of the Total Income

Documents Required for Business Tax Return Filing ITR-6 return filing

  • Monthly purchase bill

  • Monthly Sales Bill

  • Details on Sales Returns

  • Purchase Return Details

  • Challans for GST Tax Paid

  • From 26AS

  • Day-to-day administration expenses and general expense details

  • Rental Agreement (if applicable)

  • Fixed Assets Invoice Copy (if applicable)

  • Investment details made with cash

  • Investment details made through the bank

  • Proof of Cash Inflow and Cash Outflow Sources

  • Loan details from the bank or third party

  • Outstanding receivables and payables

  • company's pan and two DSCs

  • Details of the bank used for business transactions (account number, IFSC code)

  • Statement from the bank used for business transactions

  • A breakdown of a bank statement used for business transactions

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