ITR-6 is the income tax return form designed for companies that are not claiming any exemptions under Section 11 (which pertains to income derived from property held for charitable purposes). This form is used by companies to report their income and file taxes, ensuring compliance with Indian tax laws.
At STARTUP INDIA, we offer ITR-6 filing services to ensure that your company remains compliant with the Income Tax Department while optimizing tax liabilities and claiming applicable deductions. Our experts provide a comprehensive filing service to help your company navigate the intricacies of ITR-6.
Key Features of ITR-6
Company-Specific Filing ITR-6 is exclusively for companies, whether they are domestic or foreign, and is structured to address their unique reporting needs and tax obligations.
Income Reporting This form allows for the declaration of all sources of income, including income from business, capital gains, dividends, interest, and any other taxable income streams.
Exemption Clauses ITR-6 is specifically designed for companies not claiming exemptions under Section 11, which generally applies to non-profit entities, charitable trusts, or religious trusts.
Deductions and Benefits The form provides space to claim various deductions available to companies, such as deductions under Section 80G, Section 80C, and others. Companies can reduce their taxable income by claiming allowable deductions.
Audit Report and Financial Statements Companies filing ITR-6 must provide detailed financial statements, including their balance sheet, profit and loss account, and audit report for the financial year.
Tax Computation The form provides sections to calculate the tax payable by the company, taking into account advance tax payments, tax credits, and other adjustments.
Basic
Profit & Loss Accountant preparation
Balance sheet preparation
Dedicated Accountant Support
Documents Required
Monthly Purchase Bill
Monthly Sales Bill
Sales Return Details