Simplified ITR-6 Filing with Vyapar Samadhan

Every year, corporate entities in India must fulfill their annual compliance requirement through the crucial ITR-6 filing. This specific Income Tax Return form is tailored for companies not claiming exemption under section 11 (Income from property held for charitable or religious purposes). Filing ITR-6 accurately and punctually is vital to ensure compliance with the Income Tax Act 1961 and avoid penalties. Vyapar Samadhan stands as your reliable partner, offering a range of services to streamline the ITR-6 filing process and assist businesses in meeting their tax obligations efficiently.

Who Can File ITR-6 Form?

ITR-6 is suitable for companies that do not seek exemption under section 11.

Who Cannot File ITR-6 Form?

Taxpayers not required to file ITR-6 include individuals, Hindu Undivided Family (HUF), firms, Associations of Persons (AOP), Bodies of Individuals (BOI), Local Authorities, Artificial Judicial Persons, and companies seeking exemption under section 11 of the Income Tax Act

Eligibility Criteria for Filing ITR-6 Form

Companies registered under the Companies Act or any applicable law can file ITR-6, even if they do not claim exemption under section 11.

E-filing Audit Reports

If subject to an audit under section 44AB, taxpayers must furnish electronic details of the audit report, including information about the auditor and submission date to the tax department.

Structure of ITR-6 Form

ITR-6 comprises Part A and Part B with multiple schedules for comprehensive reporting:

Part A (and its subsections)

• General Information: Basic entity details like Name, PAN number, address, CIN, Incorporation date, etc.
• Trading Account: Details relevant to the income and expenditure of the company.
• Balance Sheet: Balance sheet details such as liabilities, current liabilities, share capital, etc.
• Manufacturing Account: Figures of manufacturing accounts related to inventory.
• Profit and Loss Account: Details of the company's profit or loss during the relevant financial year.

Part B (and its subsections)

• Part B-TI: Computation of Total Income
• Part B-TTI: Computation of Tax liability of Total Income

Schedules for Specific Details

31 schedules cover details on income, deductions, and tax obligations.

ITR-6 Deadline

• Audited accounts: October 31st of the assessment year.
• Reporting in Form No. 3CEB is required: November 30th of the assessment year.
• In other cases (where accounts do not require auditing): July 31st of the assessment year.

How to File ITR-6 Form?

Follow the sequence provided by the Income Tax Department:

• Part A
• Schedules
• Part B
• Verification

No annexure or documents need to be attached during filing.

How Vyapar Samadhan Assists in ITR-6 Filing?

Vyapar Samadhan offers comprehensive assistance:

• Expert Guidance: Our tax professionals provide expert guidance and support throughout the filing process.
• Easy Online Filing: Utilize our user-friendly online portal for secure and convenient filing.
• Compliance Assurance: Ensure your ITR-6 is filed in compliance with the latest tax regulations to minimize errors and penalties.
• Timely Filing: Meet deadlines and file your returns on time to stay compliant.
• Personalized Support: Access personalized support from tax experts to address queries and concerns.

Contact Vyapar Samadhan now for a seamless ITR-6 filing experience and ensure hassle-free tax compliance.