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ITR-6 FORM

The income tax department has designed various ITR forms depending on various criteria. Taxpayers have to choose the right ITR forms to file their returns. Comprehensive details have been elaborated for taxpayers who can file ITR-6 FORM.

Who is Eligible to File ITR-6 for AY 2020-21?

ITR-6 is for Companies other than companies claiming exemptions under section 11 of the Income Tax Act.

What are companies claiming exemptions under section 11 of the Income Tax Act?

Companies with income from property that is held for a charitable purpose or religious purpose

Audit Reports under section 44AB

Audit Report needs to file electronically with a digital signature of Auditors and thereafter approved by companies representative.

How to file the ITR-6 form?

ITR-6 should be filed online/electronically with a digital signature

Structure of ITR-6 form

ITR-6 contains the following parts and schedules as follows:

• Part ‘A’ – General Information
  • Personal Information
  • Filing Status
  • Audit Information
  • Holding Status
  • Business Organisation
  • Key Persons
  • Shareholders Information
  • Ownership Information
  • Nature of Company and its business
  • Part ‘A’ – BS:  BALANCE SHEET AS ON 31ST DAY OF MARCH, 202X
  • Part ‘A’ – BS-IND-AS:  BALANCE SHEET AS ON 31ST DAY OF MARCH, 202X [applicable for a company whose financial statements are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015]
  • Part ‘A’ – Manufacturing Account: Manufacturing Account for the financial year 20XX-XX
  • Part ‘A’ – Trading Account: Trading Account for the financial year 20XX-XX
  • Part ‘A’ – P&L: Profit and Loss Account for the financial year 20XX-XX
  • Part ‘A’ – Manufacturing Account IND-AS: Manufacturing Account for the financial year 20XX-XX applicable for a company whose financial statements are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015] )
  • Part ‘A’ – Trading Account IND-AS: Trading Account for the financial year 20XX-XX
  • Part ‘A’ – P&L IND-AS: Profit and Loss Account for the financial year 20XX-XX
  • Part ‘A’ – OI: Other Information
  • Part ‘A’ – QD: Quantitative Information
  • Part ‘A’ – OL: Receipt and payment account of the company under liquidation
  • Schedule-HP: Details of Income from House Property
  • Schedule-BP: Computation of income from business or profession
  • Schedule-DPM: Depreciation on Plant and Machinery (Other than assets on which full capital expenditure is allowable as a deduction under any other section)
  • Schedule-DOA: Depreciation on other assets (Other than assets on which full capital expenditure is allowable as a deduction)
  • Schedule-DEP: Summary of depreciation on assets (Other than assets on which full capital expenditure is allowable as a deduction under any other section)
  • Schedule-DCG: Deemed Capital Gains on sale of depreciable assets
  • Schedule-ESR: Expenditure on scientific Research etc. (Deduction under section 35 or 35CCC or 35CCD)
  • Schedule-CG: Capital Gains (Long Term Capital gain / Short Term Capital Gain)
  • Schedule-112A: From Sales of equity shares or unit of equity-oriented fund or unit of a business trust on which STT is paid u/s 112A
  • Schedule-115DA(1)(b)(iii) proviso: For Non-Residents
  • Schedule-OS: Income from Other Sources
  • Schedule-CYLA: Details of Income after set-off of Current Year Losses
  • Schedule-BFLA: Details of Income after Set-off of Brought Forward Losses of earlier years
  • Schedule-CFL: Details of Losses to be carried forward for future years
  • Schedule-UD: Unabsorbed depreciation and allowance under section 35(4)
  • Schedule-ICDS: Effect of Income Computation Disclosure Standards on profit
  • Schedule-10AA: Deduction under section 10AA
  • Details of Donations entitled for deduction under section 80G
  • Schedule-80GGA: Details of donations for scientific research or rural development
  • Schedule-RA: Details of donations to research associations etc. [deduction under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA)]
  • Schedule-80IA: Deductions under section 80-IA
  • Schedule-80IB: Deductions under section 80-IB
  • Schedule-80IC: Deductions under section 80-IC
  • Schedule-80IE: Deductions under section 80-IE
  • Schedule-VI-A: Deductions under Chapter VI-A
  • Schedule-SI: Income chargeable to tax at special rates
  • Schedule-EI: Details of Exempt Income
  • Schedule-PTI: Pass-Through details from business trust or investment fund as per section 115UA, 115UB
  • Schedule-MAT: Computation of Minimum Alternate Tax payable under section 115JB
  • Schedule-MATC: Computation of tax credit under section 115JAA
  • Schedule-DDT: Details of tax on distributed profits of domestic companies and its payment
  • Schedule-BBS: Details of tax on distributed income of a domestic company on buyback of shares
  • Schedule-TPSA: Details of Tax on secondary adjustments as per section 92CE(2A)
  • Schedule-FSI: Details of Income outside India and tax relief (available only in case of resident)
  • Schedule-TR: Summary of tax relief claimed for taxes paid outside India (available only in case of resident)
  • Schedule-FA: Details of Foreign Assets and Income from any source outside India
  • Schedule-SH-1:  SHAREHOLDING OF UNLISTED COMPANY (other than a company that is registered under section 8 of the Companies Act, 2013 (or section 25 of the Companies Act, 1956) or a company limited by guarantee under section 3(2) of Companies Act, 2013 or a start-up for which Schedule SH-2 is to be filled up)
  • Schedule-SH-2:  SHAREHOLDING OF START-UPS
  • Schedule-AL-1: Assets and liabilities as at the end of the year (mandatorily required to be filled up by an unlisted company) (other than a start-up for which Schedule AL-2 is to be filled up),
  • Schedule-AL-2: Assets and liabilities as at the end of the year (applicable for start-ups only),
  • Schedule-DI: Details of investments
  • Schedule-GST: T INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST
  • Schedule-FD: Break-up of payments/receipts in Foreign currency (to be filled up by the assessee who is not liable to get accounts audited u/s 44AB)

• Part ‘B’ – Gross Total Income
  • Schedule-TI: Computation of Total Income
  • Schedule-TTI: Computation of tax liability on total income (Computation of Tax Liability, Taxes Paid, Bank Account)
  • Schedule-17: TAX PAYMENTS
    • Details of payments of Advance Tax and Self-Assessment Tax
    • B Details of Tax Deducted at Source (TDS) on Income [As per Form 16 A issued or Form 16B/16C furnished by Deductor(s)]
    • Details of Tax Collected at Source (TCS) [As per Form 27D issued by the Collector(s)]