ITR 6 Return
Companies that do not claim an exemption under section 11 (whose income from the property is held for religious or charitable purposes) must furnish their income tax return in ITR-6 Form. No document (including TDS certificate) should be attached while filing ITR-6.
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ITR 6 Return required mandatory
Benefits of Filing ITR 6 Return
- Filing ITR avoids penalties
- ITR receipt is a very important document
- ITR receipt is a useful document for hassle-free processing of bank loans
- Visa processing
- Compensate losses in the next financial year
Pricing
(Simple & Clear Pricing. No Hidden Charges)
| Government Fee | Rs 0 |
| Professional Fees | Rs 1,459 |
| Goods & Service Tax | Rs 00 |
| Total Cost | Rs 1459 |
ITR 6 Return Form
(All you need to know)
ITR Form 6 or ITR 6 is an income tax return form. It is used by companies to e-file income tax returns if they do not claim an exemption under Section 11 of the Income Tax Act, 1961. Some companies that do not include those with interest from property taken for charitable or spiritual or religious purposes. The organisations that claim an exemption below section 11 of the Income Tax Act are the ones that make income from assets that they hold for charitable or religious purposes. Form 6 has to be completed and presented electronically. A confirmation has to be made using a digital signature only.
1. Details of recognition as a start-up by DPIIT
2. Details of declaration filed in Form-2
3. Bifurcation of donations into cash and non-cash mode of payment
4. Information on turnover/gross receipt reported for GST
What is the eligibility criteria for ITR Form 6?
ITR Form 6 is furnished by the taxpayers who are registered as a company under the Companies Act 2013(or under former act) . This form cannot be filled by taxpayers who are:
- Firm
- Individuals
- Hindu Undivided Family (HUF)
- Local authority and artificial judicial person
- Body of Individuals (BOI)
- Association of Person (AOP)
- Companies claiming exemption under section 11
Checklist Requirements of ITR-6
Each company irrespective of its formation filed under the Companies Act 2013 or earlier under the Companies Act, 1956, shall file Income Tax Return through form ITR-6. However, those businesses whose income is from the religious or charitable trust are not expected to register Form ITR-6 (exempt below Section 11). The taxpayer subjected to file Form ITR-6 should get an audit statement under Section 44-AB. According to section 44-AB, an object whose businesses, turnover, or total release exceeds INR 1 Crore in the previous financial year must imperatively get its records reviewed from a Chartered Accountant (CA).
How to file ITR-6 Form?
Register yourself using details like PAN, date of birth, etc. and choose a password. Your PAN will be your user ID.
Choose How You Want to e-file - You can either download this form, save it to your desktop, fill it and upload it to the site; or you can fill in details in an online form. Select the Form Type “ITR 6 Form” from all the options.
Keep the documents including PAN, Form 16, TDS certificates, details of investment, interest statements, life insurance, and home loans ready. If your income for the FY is more than Rs 50 Lakhs, you will have to fill an additional form of ‘Assets and Liabilities’.
Verify using one of the 2 options to verify your form submission – In case you submit your form with a digital signature, your form will be verified through OTP and an acknowledged number will be generated. Otherwise, in case you submit the form without a digital signature, an ITR-V is sent to your registered email ID, which need to be verified to complete the forming process, by sending it to Bangalore processing center within 120 days of filing the return.
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Frequently Asked Questions
How do I obtain ITR 6?
Visit the Income Tax department’s e-filing portal as the initial step in the online ITR 6 filing process. If you are qualified to file your return using Form 6, choose it. As previously noted, you can complete the form’s fields and electronically sign the verification form when you’ve finished it.
Who ITR 6 Is Not For?
This ITR Form 6 cannot be used by businesses that claim Section 11 exemption for income from property kept for charitable or religious purposes.
Who is eligible to fill the ITR Form 6?
The companies other than those companies who claim exemption under section 11 need to file an income tax return with ITR Form 6.
Who can not filI ITR Form 6?
ITR- 6 Form is not filed by a company who claims for exemption under section 11 that is income from property held for charitable or religious purposes.
Who has access to the ITR 6?
You must fill out the ITR 6 Form’s verification section with the return name, filer’s father’s name, and PAN. Only the managing director of a company has the authority to confirm an income tax return.
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