ITR – 6 Return

ITR 6 Filing Form

Form ITR 6 must be provided to electronically file an income tax return if the company has not claimed an exemption under section 11 of the Income Tax Act 1961.

If the assessee is responsible for the US 44AB audit and the auditor audited the accounts, the details of the audit report, along with the filing date, must be sent electronically from the auditor to the department.

Documents Required For ITR-6 Return Filing

  • Purchase and sales bill (Monthly)
  • Sales return and Purchase return details
  • Paid tax challans for GST
  • Form 26AS
  • Per day Administration expenses
  • Rental agreement
  • Fixed assets invoice
  • Investment details made by cash and through bank
  • Proof of cash in flow and out flow
  • Out. receivables and payables
  • Company’s PAN and DSCs
  • Bank details
  • Bank statement

Structure of the ITR-6 Form

  • Part A:

    • General information
    • Balance Sheet
    • Manufacturing Account
    • Trading Account
    • Profit and Loss Account
    • Other information
    • Quantitative details
    • Receipt and payment account of company under liquidation

    Schedules as mentioned below : 

    Part B :

    • Computation of total income
    • Computation of tax liability on total income

    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 U/S 35 (expenditure on scientific research)

    Schedule-CG: Computation of income under the head Capital gains.

    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 U/S 35(4)

    Schedule ICDS: Effect of Income Computation Disclosure Standards on profit

    Schedule- 10AA: Computation of deduction U/S10AA

    Schedule- 80G: Details of donation entitled for deduction U/S 80G

    Schedule 80GGA: Details of donations for scientific research or rural development

    Schedule RA: Details of donations to research associations etc.

    Schedule- 80IA: Computation of deduction U/S 80IA

    Schedule- 80IB: Computation of deduction U/S 80IB

    Schedule- 80IC or 80IE: Computation of deduction U/S 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 PTI: Pass through income details from business trust or investment fund

    Schedule-EI: Statement of Income not included in total income (exempt incomes)

    Schedule-MAT: Computation of Minimum Alternate Tax payable U/S 115JB

    Schedule-MATC: Computation of tax credit U/S 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 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

fill out the verification document

Select the capacity of the person signing the affidavit. Any person who makes a false return on a tax return or an accompanying return may be prosecuted under section 277 of the Income Tax Act of 1961 and, if convicted under that section, be sentenced to severe imprisonment. Be aware that you can be imprisoned and fined.