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In Mumbai, all companies registered under the Companies Act 2013 of the Companies Act 1956, regardless of their structure, must file ITR 6 returns. Companies earning revenue from a charity or religious institution, on the other hand, are excused from filing ITR 6 forms under Section 11. How to file Income Tax Return ITR 6 Form Filing in Mumbai.

The ITR 6 return filing structure is as follows:

 

The ITR 6 Form is broken into two parts, Part A and Part B, with many schedules including information about the assessee’s income and tax.

 

Part A, as well as its subsections

General Information

The company’s fundamental information, such as its name, PAN number, CIN, and incorporation date, should be listed here.

 

Trading Account

This part demands information about the Company’s revenue and expenses.

Details on the company’s balance sheet, such as liabilities, current liabilities, share capital, and more, are required in this area.

 

Manufacturing Account

The numbers connected to manufacturing accounts relating to inventory, such as opening stock, closing stock, and cost of items produced, are required in this sub-section.

 

Profit and Loss Account

This area should be filled in with information on the company’s earnings or losses for the relevant financial year.

 

Part B and its subsections

Part B – TI

Computation of the Total Income

 

Part B – TTI

Calculation of the Total Income’s tax obligation.

The following is the order in which ITR 6 should be filed:

Schedules in Part A

Verification of Part B

ITR 6 filing in Mumbai is a online procedure that must be completed using the assessee’s Digital Signature certificate.

 

FAQ

Is it possible to amend an ITR 6 form that was filed in Mumbai?

According to Section 139(5) of the Income Tax Act, if an error is made when submitting ITR 6, the error can be remedied by filing a new ITR.

How do you submit an ITR 6?

The ITR 6 form filing in Mumbai must be completed entirely online and signed with a digital signature.

What documents are needed to file an ITR 6 in Mumbai?

While there is no necessity to attach any annexures while filing ITR 6, taxpayers are urged to match the taxes deducted, collected, and paid.

Is it required to have an audit before submitting an ITR 6 in Mumbai?

No, having the accounts audited is not required, but if the assessee is required to have the audit done under section 44AB, the contents of the audit report, as well as the furnishing fate, must be submitted. How to file Income Tax Return ITR 6 Form Filing in Mumbai.