ITR-6 is a tax return form used by companies in India to file their income tax returns. It is designed for companies that do not claim exemptions under Section 11 of the Income Tax Act, which pertains to income from property held for charitable or religious purposes. Companies seeking these exemptions must use ITR-7. The ITR-6 form includes sections for reporting income, deductions, and tax payments, ensuring compliance with tax regulations.
ITR-6 Return (Income Tax)
ITR-6 is an Income Tax Return form used by companies in India, except those claiming tax exemption under Section 11 (which applies to charitable or religious organizations).
It is filed electronically and is required for reporting income, claiming deductions, and paying taxes. Companies must submit it before the due date to avoid penalties.
- Companies (other than companies claiming exemption under Section 11).
- Income sources: Business or profession.
- Total income: No limit on income, but all sources must be reported.
- Applicable to domestic and foreign companies.
Not for individuals, HUFs, or firms; they should use ITR-1 to ITR-4.
- Companies (other than companies claiming exemption under Section 11).
1. Gather Information: Collect all necessary financial statements, tax records, and other relevant documents.
2. Preparation:
- Fill out the ITR-6 form either online or offline. The online method is preferred for its ease of submission.
- Ensure all sections are completed accurately, including details about income, deductions, and tax paid.
3. Verification:
- Double-check all the information entered for accuracy.
- Cross-verify the figures from the financial statements with those reported in the tax return.
Submission:
- Submit the filled ITR-6 form through the Income Tax Department's e-filing portal or by post (if offline).
- For online submission, ensure you have an active digital signature or Aadhaar-based e-verification.
Payment of Tax:
- Pay any tax due as per the calculation in the return.
- Include details of tax payments in the form.
Acknowledgment:
- Receive an acknowledgment receipt after successful submission.
- Retain the acknowledgment for future reference.
- Company Financial Statements: Balance sheet, profit and loss account, and other relevant financial documents.
- Tax Computation Statement: Details of income, deductions, and tax calculations.
- PAN Card: Permanent Account Number of the company.
- Form 26AS: Tax credit statement from the Income Tax Department.
- Details of Tax Payments: Challans for advance tax and self-assessment tax payments.
- TDS Certificates: Certificates for tax deducted at source on income.
- Digital Signature: Required for online filing, if applicable.
- Company Financial Statements: Balance sheet, profit and loss account, and other relevant financial documents.
- Consultation: Provide expert advice on the filing process and help in understanding the requirements of ITR-6.
- Preparation: Assist in preparing the ITR-6 form, including accurate data entry and ensuring compliance with tax regulations.
- Filing: Manage the online or offline submission of the ITR-6 form.
- Verification: Review and verify all submitted information to minimize errors.
- Tax Payment: Facilitate the payment of any outstanding taxes and ensure they are properly reflected in the return.
- Acknowledgment Handling: Ensure that the acknowledgment receipt is obtained and stored properly.
- Follow-up: Assist in addressing any queries or issues raised by the Income Tax Department post-filing.
Filing ITR-6 is an essential process for companies to comply with tax regulations in India. By choosing SS Auditors, companies can ensure a smooth filing process with expert assistance. The firm provides comprehensive services, from preparation and filing to verification and acknowledgment handling.
Proper documentation and adherence to the steps outlined can help in avoiding errors and ensuring timely compliance with tax obligations.
- Consultation: Provide expert advice on the filing process and help in understanding the requirements of ITR-6.
Accurate financial statements are essential for correct reporting of income, deductions, and tax payments, ensuring compliance and avoiding penalties.
The ITR-6 form can be downloaded from the Income Tax Department’s official website or accessed through tax filing software.
Errors can be corrected by filing a revised return before the deadline for the financial year.
E-verification can be done using Aadhaar OTP, net banking, or by sending a signed physical copy to the CPC office.
Missing the deadline may result in penalties and interest charges. It’s important to file as soon as possible to avoid additional costs.
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The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.
Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The Basics
A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.