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ITR-6 Company Income Tax Return Filing by N D Savla & Associates
Running a company involves more than just managing operations—it requires strict adherence to tax compliance as per the Income Tax Act, 1961. Filing ITR-6 is a mandatory annual compliance for companies in India, and accurate, timely filing is essential to avoid penalties and scrutiny.
At N D Savla & Associates, we offer expert-led, end-to-end ITR-6 income tax filing services for companies. Our experienced Chartered Accountants ensure that your returns are filed correctly, helping you maintain tax compliance and financial credibility.
What is ITR-6?
ITR-6 Form is applicable to companies that do not claim exemption under Section 11 of the Income Tax Act. Section 11 pertains to income from property held for charitable or religious purposes. Thus, all other companies—including Private Limited, Public Limited, and One Person Companies (OPCs)—are required to file ITR-6.
ITR-6 Applicability – Who Should File?
The following entities are required to file ITR-6:
Private Limited Companies
Public Limited Companies
One Person Companies (OPCs)
Any company registered under the Companies Act, 2013 or 1956
Note: Companies claiming exemption under Section 11 (for charitable/religious purposes) should file using ITR-7.
Who Cannot File ITR-6?
The following entities are not eligible to file ITR-6:
Individuals
Hindu Undivided Families (HUFs)
Firms / LLPs
AOPs / BOIs
Local Authorities
Artificial Juridical Persons
Companies claiming exemption under Section 11
Due Date for Filing ITR-6 (AY 2024–25)
| Filing Type | Due Date |
|---|---|
| Regular Company (Audit Applicable) | 31st October 2024 |
| With International/Specified Domestic Transactions (Transfer Pricing) | 30th November 2024 |
Benefits of Timely ITR-6 Filing
Filing your company’s ITR-6 on time offers many operational and financial advantages:
Carry Forward of Losses
Under Section 72, losses can be carried forward for up to 8 years, only if the return is filed on or before the due date.
Avoid Late Filing Penalties
Avoid penalties of up to ₹10,000 under Section 234F and unnecessary interest liabilities.
Lower Scrutiny Risk
Timely compliance reduces the chances of receiving income tax scrutiny or notices.
Faster Refund Processing
Early filing leads to quicker tax refund processing.
Boosts Creditworthiness
Filed ITRs are often required for loans, funding, and credit approvals.
Smoother Closure
In case of business closure, up-to-date ITR filings are essential for legal dissolution.
Structure of ITR-6 Form
ITR-6 is structured into Part A, Part B, and Schedules that capture the company’s financial and tax-related details.
Part A – General Details
Includes company’s:
Name, PAN, CIN
Incorporation date
Registered address
Nature of business
Audit details
Subsections of Part A:
Balance Sheet (Assets, Liabilities, Equity)
Profit & Loss Account
Trading & Manufacturing Account
General Financial Information
Part B:
Part B – TI: Computation of Total Income
Part B – TTI: Computation of Tax Liability
ITR-6 Schedules (Overview)
| Schedule | Purpose |
|---|---|
| HP | House Property Income |
| BP | Business & Professional Income |
| DPM / DOA | Depreciation on assets |
| CG / DCG | Capital Gains / Deemed Gains |
| ESR | Scientific Research Deductions |
| OS | Other Sources Income |
| CYLA / BFLA | Loss Adjustments |
| CFL / UD | Carry Forward of Losses / Depreciation |
| ICDS | Income Computation Standards |
| 10AA | Deductions under SEZ |
| 80G / 80GGA | Donations and Rural Development |
| VIA | Deductions under Chapter VI-A |
| SI | Special Income Rates |
| PTI | Income from Investment Funds |
| EI | Exempt Income |
| MAT | Minimum Alternate Tax (Section 115JB) |
| DDT / BBS | Dividend & Buyback Tax |
| ESI | Foreign Income and Tax Relief |
| IT / TDS / TCS | Tax Payments & Credits |
| FSI / TR / FA | Foreign Assets, Tax Relief |
| SH1 / SH2 | Unlisted Shareholding (for Startups) |
| AL1 | Asset & Liability Details |
| GST | Turnover as per GST |
| FD | Forex Transactions |
Procedure for Filing ITR-6
Filing ITR-6 requires careful attention to tax computation and data accuracy. Our team follows the recommended ITR-6 filing sequence:
Login to Income Tax Portal
Navigate to “e-File” > Income Tax Return
Choose ITR-6 and fill in:
Part A (General, Balance Sheet, P&L)
Schedules (as applicable)
Part B (Income & Tax Liability)
Verification Section
Validate & Submit Return
Download ITR-V Acknowledgement
e-Verify via Aadhaar OTP, EVC, or DSC
Documents Required for ITR-6 Filing
PAN, CIN & Incorporation Certificate
Financial statements (Balance Sheet, P&L)
Details of capital gains, income, deductions
Tax audit report (if applicable)
GST returns (for turnover match)
Details of TDS, TCS, advance tax payments
Form 26AS reconciliation
Foreign asset disclosures (if any)
No documents need to be uploaded with the return, but must be maintained for reference.
Why Choose N D Savla & Associates for ITR-6 Filing?
At N D Savla & Associates, we combine decades of tax expertise, deep knowledge of the Companies Act, and a technology-enabled approach to ensure your ITR-6 is filed flawlessly.
What We Offer:
Expert Chartered Accountants with corporate tax specialization
Comprehensive review of financials and audit data
Accurate tax computation including MAT, depreciation, deductions
GST and ITR reconciliation for mismatch detection
Timely e-Filing & e-Verification
Post-filing support for scrutiny, notices, or assessments
Get in Touch – File ITR-6 Seamlessly
Let N D Savla & Associates help you simplify your company’s ITR-6 filing. From calculating your tax liability to navigating multiple schedules, we handle everything—accurately and on time.
