ITR-6: Company Tax Filing Made Simple
Filing your company’s ITR-6 return ensures compliance with tax laws and helps avoid penalties. With Sadaweh Financial Solutions (OPC) Pvt. Ltd., we make this process smooth and straightforward.
Who Needs to File ITR-6?
ITR-6 applies to companies (excluding those claiming exemptions under Section 11 for charitable or religious purposes).
Eligible Companies
| Type of Company | Description |
| Private Limited Company | Owned by shareholders with limited liability. |
| One Person Company (OPC) | A company with a single shareholder. |
| Public Limited Company | Shares available to the public for ownership. |
Ineligible Entities
| Entity Type | Reason |
| Individuals | Must use ITR-1 or ITR-2. |
| Hindu Undivided Family (HUF) | File under ITR-2 or other applicable forms. |
| Firms | Must use ITR-3 or ITR-4. |
| Associations of Persons (AOP) | File under forms like ITR-5. |
| Bodies of Individuals (BOI) | File under ITR-5. |
| Local Authorities | Use separate ITR forms. |
| Companies under Section 11 | Exempt for charitable or religious purposes. |
Important Filing Deadlines
| Condition | Due Date |
| General Filing (No Transfer Pricing) | October 31 (Assessment Year) |
| Transfer Pricing Involved | November 30 (Assessment Year) |
Why Timely Filing is Important
| Benefit | Description |
| Carry Forward Losses | Losses can be carried forward for up to 8 years. |
| Avoid Penalties & Interest | Prevents penalties under Section 234F and interest on taxes. |
| Reduced Risk of Scrutiny | Minimizes chances of audits or investigations. |
| Faster Refund Processing | Timely filing speeds up tax refund processing. |
| Enhanced Credit Opportunities | Required for loan applications. |
| Easier Winding-Up Process | Simplifies the company closure process. |
Key Parts of ITR-6 Form
Form Sections
| Section | Details Captured |
| General Information | Basic details: company name, PAN, incorporation date. |
| Trading Account | Income and expenditures from trading activities. |
| Balance Sheet | Assets, liabilities, share capital details. |
| Profit & Loss Account | Net profit or loss for the year. |
Schedules
| Schedule | Purpose |
| HP | Income from house property. |
| BP | Business income. |
| CG | Capital gains. |
| 80G | Donations eligible for deductions. |
| MAT | Minimum Alternate Tax details. |
| TDS/TCS | Taxes deducted/collected at source. |
| FA | Foreign assets and income. |
Steps to File ITR-6
- Log In: Access the Income Tax e-Filing portal.
- Choose ITR-6: Select the relevant form under “Income Tax Returns.”
- Fill Part A: Enter general and financial details.
- Complete Schedules: Input applicable income, deductions, and gains.
- Fill Part B: Calculate total income and tax liability.
- Verify and Submit: Review and submit the form electronically.
- Download Receipt: Obtain the ITR-V acknowledgment for records.
Documents You’ll Need
- Reconcile taxes with Form 26AS.
- No physical documents are required while filing.
Why Choose Sadaweh Financial Solutions (OPC) Pvt. Ltd.?
| Benefit | Description |
| Expert Guidance | Step-by-step filing assistance. |
| Accurate Filing | Error-free submissions for full compliance. |
| Tax Reconciliation | Avoid discrepancies with Form 26AS. |
| Timely Reminders | Stay on track with deadlines. |
| Post-Filing Support | Assistance even after submission. |
Ready to file your ITR-6 with ease? Contact Sadaweh Financial Solutions (OPC) Pvt. Ltd. today!