What is ITR-6 Form?
ITR-6 is filed by companies registered under the Companies Act, except those claiming exemption under Section 11 (charitable or religious purposes).
Who Should File ITR-6?
ITR-6 must be filed by:
- Private Limited Companies
- Public Limited Companies
- One Person Companies (OPC)
- Section 8 Companies (not claiming Section 11 exemption)
- Companies registered under Companies Act 2013 or earlier laws
Who Cannot File ITR-6?
ITR-6 cannot be filed by:
- Companies claiming exemption under Section 11
- Trusts and NGO companies registered for charitable purposes
- Individuals, HUFs, Firms, LLPs, and AOPs (they should file ITR-3, 4, 5, or 7 depending on category)
Documents Required for ITR-6 Filing
- PAN and CIN (Corporate Identification Number)
- Certificate of Incorporation details
- Audited Balance Sheet and Profit & Loss statement
- Audit Report under Section 44AB (Form 3CA/3CD)
- Form 26AS and AIS summary
- Bank account and loan details
- Shareholding pattern and equity details
- GST turnover summary (if applicable)
- TDS and advance tax challans
- Dividend and interest income records
Structure of ITR-6 Form
| Section | Description |
|---|---|
| Part A | General company information |
| Part A-BS | Balance Sheet Information |
| Part A-P&L | Profit and Loss Account |
| Part A-Manufacturing Account | Cost details if applicable |
| Part A-Trading Account | Trading summary for companies |
| Part A-OL | Other liabilities |
| Schedule HP | Income from House Property |
| Schedule BP | Business/Professional Income |
| Schedule DDT | Dividend Distribution Tax details |
| Schedule CG | Capital Gains |
| Schedule OS | Income from Other Sources |
| Schedule MAT | Minimum Alternate Tax calculation |
| Schedule MATC | MAT Credit |
| Schedule PTI | Pass-through income |
| Schedule SI | Special rate income |
| Schedule EI | Exempt income |
| Schedule IT | Tax payments |
| Schedule TDS/TCS | TDS/TCS details |
| Schedule SH-1 | Shareholding information |
| Schedule AL1 | Assets and liabilities (if applicable) |
| Verification | Authorized signatory declaration |
Step-by-Step Process to File ITR-6
- Collect audited financial statements and tax payment details
- Verify TDS and advance tax details with Form 26AS
- Fill company registration and communication details
- Enter financials in Schedule P&L and Balance Sheet sections
- Declare business income under Schedule BP
- Fill MAT calculation details if applicable
- Declare dividend distribution and capital gain income
- Report shareholding and equity capital structure
- Claim deductions, MAT credits, and other allowances
- Compute final tax liability and pay remaining dues
- File ITR-6 with mandatory DSC (Digital Signature Certificate)
Minimum Alternate Tax (MAT) Applicability
Companies need to pay MAT under Section 115JB if tax payable under normal provisions is less than 15% of book profits.
| Tax Type | Applicable Rate |
|---|---|
| Regular corporate tax | As per turnover and tax regime |
| MAT | 15% of book profit plus surcharge and cess |
Audit Requirements for ITR-6 Filing
- Audit under Companies Act is mandatory for all companies
- Tax audit under Section 44AB required if turnover exceeds limits
- MAT Audit may be applicable based on book profits
- Audit report in Form 3CA and 3CD must be filed before return submission
Details Required for Shareholding Schedule
Schedule SH-1 requires:
- List of shareholders holding 10% or more shares
- PAN and percentage of holding
- Foreign shareholding declaration (if any)
- Changes in share capital during the year
Tax Payment and TDS Reconciliation
- Report advance tax, TDS, and TCS paid during the year
- Reconcile with Form 26AS to avoid demand notice
- Enter Challan Identification Number (CIN) for tax paid
Verification and Submission
- Review all schedules and financial entries
- Ensure audit report is uploaded before filing
- Upload ITR-6 using DSC (Digital Signature Certificate) only
- Download acknowledgment after successful submission
Common Mistakes to Avoid in ITR-6
- Failing to reconcile Form 26AS with books
- Skipping MAT calculation schedule
- Incorrect share capital and ownership declaration
- Submitting ITR without DSC (results in invalid filing)
- Not uploading tax audit reports before filing
Benefits of Timely Filing ITR-6
- Ensures compliance with Companies Act and Income Tax Act
- Required for loan sanction, tender participation, and investor verification
- Enables carry forward of business losses and MAT credits
- Avoids penalties under Section 234F and 271B
Certification
