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ITR 6 Company Return Filing

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ITR 6 Company Return Filing

ITR-6 is one of the various forms prescribed by the Income Tax Department of India for filing income tax returns. Companies registered under the Companies Act 2013 or the earlier Companies Act 1956 are obligated to file the ITR-6 Form.

To fill out the ITR-6 Form efficiently, the Income Tax Department recommends following a specific sequence:

  • Part A
  • Schedules
  • Part B
  • Verification

It is essential to note that this return must be submitted electronically under a digital signature to the Income Tax Department.

Applicable Tax Slabs (For AY 2024-25)

  • If opted for Section 115BA:
    • Applicable to domestic companies.
    • Tax rate: 25% of the total income.
    • Subject to some conditions or eligibility
    • Form applicable to opt for 115BA - Form 10IB
  • If opted for Section 115BAA:
    • Applicable to domestic companies.
    • Introduced to provide a lower tax rate to companies opting for this section.
    • Tax rate: 22% of the total income.
    • Subject to some conditions or eligibility.
    • Form applicable to opt for 115BAA - Form 10IC
  • If opted for Section 115BAB:
    • Applicable to new manufacturing domestic companies set up on or after October 1, 2019.
    • Intended to promote manufacturing and economic growth.
    • Tax rate: 15% of the total income.
    • Subject to some conditions or eligibility
    • Form applicable to opt for 115BAB - Form 10ID

    If not opted or for any of the above or in-eligible, the tax rate is 30% of the total income subject to MAT provisions.

Due Dates to File ITR-6:

  • Companies whose accounts require auditing under the Income-Tax Act- 31st October of the assessment Year
  • For cases where a report in Form No. 3CEB is necessary- 30th Novemeber of the Assessment Year
  • Documents Required
  • Audited Financial statements including Directors and Auditor's Report
  • Tax audit report, if applicable
  • Computation of Income Tax
  • Schedules annexed with Financial Statements
  • DIN nos.
  • Shareholding pattern