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ITR6: Detailed guide
ITR 6 Form should be filled out by all companies that are established under the Companies Act 2013 or the older Companies Act 1956. But if the compan…

Companies that aren't exempt under Section 11 must fill out an ITR-6 Form for their income tax report.

Eligibility to file ITR-6

ITR 6 Form should be filled out by all companies that are established under the Companies Act 2013 or the older Companies Act 1956. But if the company's income comes from property held for religious or charitable reasons, then they are not required to file ITR 6 Form.

Structure of the ITR-6 Form

There are two parts and several schedules in the form:
Part A: This part contains the General information
Part A-BS: This part shows the Balance Sheet as on 31st March 2023
Part A-BS-Ind AS: It displays the Balance Sheet as on 31st March 2023 or as on the date of the business combination
Part A- This part represents the Manufacturing Account for the financial year 2022-23
Part A- It shows the Trading Account for the financial year 2022-23
Part A-P&L: This part represents the Profit and Loss Account for the financial year 2022-22
Part A-Manufacturing Account-Ind AS: It represents the Manufacturing Account for the financial year 2022-23
Part A-Trading Account Ind-AS: This part shows the Trading Account for the financial year 2022-23
Part A-P&L Ind-AS: It represents the Profit and Loss Account for the financial year 2022-23
Part A-OI: This part provides Other information
Part A-QD: This part mentions Quantitative details
Part A-OL: It shows the Receipt and payment account of the company under liquidation


Part B
It has 42 schedules:

Schedule-HP: This schedule shows the Computation of income under the head Income from House Property
Schedule-BP: This schedule represents the Computation of income under the head “profit and gains from business or profession”
Schedule-DPM: It gives the Computation of depreciation on plant and machinery under the Income-tax Act
Schedule DOA: It displays the Computation of depreciation on other assets under the Income-tax Act
Schedule DEP: This schedule provides the Summary of depreciation on all the assets under the Income-tax Act
Schedule DCG: It shows the Computation of deemed capital gains on the sale of depreciable assets
Schedule ESR: This schedule mentions the Deduction under section 35 (expenditure on scientific research)
Schedule-CG: This schedule shows the Computation of income under the head Capital gains.
Schedule 112A: It consists of the Sale of equity shares in a company or unit of an equity-oriented fund or unit of a business trust on which STT is paid under section 112A
Schedule 115AD(1)(b)(iiii) - Proviso: It mentions the Sale of equity shares in a company or unit of an equity-oriented fund or unit of a business trust on which STT is paid under section 112A
Schedule VDA: This reveals the Income from the transfer of Virtual Digital Assets (VDA)
Schedule-OS: This shows the Computation of income under the head Income from other sources.
Schedule-CYLA: This schedule represents the Statement of income after setting off of current year’s losses
Schedule-BFLA: It shows the Statement of income after the set off of unabsorbed loss brought forward from earlier years.
Schedule- CFL: It gives the Statement of losses to be carried forward to future years.
Schedule –UD: This provides the Details of unabsorbed depreciation and allowance under section 35(4)
Schedule ICDS: This schedule shows the Effect of Income Computation Disclosure Standards on profit
Schedule- 10AA: It shows the Computation of deduction under section 10AA
Schedule- 80G: This schedule provides the Details of the donation entitled for deduction under section 80G
Schedule 80GGA: It gives the Details of donations for scientific research or rural development
Schedule RA: This schedule mentions the Details of donations to research associations etc.
Schedule- 80IA: This schedule shows the Computation of deduction under section 80IA
Schedule- 80IB: It represents the Computation of deduction under section 80IB
Schedule- 80IC or 80IE: This displays the Computation of deduction under section 80IC or 80 IE
Schedule-VIA: This schedule represents the Statement of deductions (from total income) under Chapter VIA.
Schedule-SI: It shows the Statement of income which is chargeable to tax at special rates
Schedule IF: This schedule provides Information regarding investment in unincorporated entities
Schedule-EI: It displays the Statement of Income not included in total income (exempt incomes)
Schedule PTI: It reveals the Pass through income details from a business trust or investment fund
Schedule-MAT: This schedule provides the Computation of Minimum Alternate Tax payable under section 115JB
Schedule-MATC: This schedule shows the Computation of tax credit under section 115JAA
Schedule BBS: It gives the Details of tax on distributed income of domestic company on the buyback of shares, not listed on the stock exchange
Schedule TPSA: This mentions the Secondary adjustment to the transfer price as per section 92CE(2A)
Schedule FSI: This provides the Details of income from outside India and tax relief
Schedule TR: This schedule shows the Summary of tax relief claimed for taxes paid outside of India
Schedule FA: This gives the Details of Foreign Assets and income from any source outside India
Schedule SH-1: This schedule displays the Shareholding of the unlisted company
Schedule SH-2: This schedule reveals the Shareholding of Start-ups
Schedule AL-1: It shows Assets and liabilities as at the end of the year
Schedule AL-2: Assets and liabilities as at the end of the year (applicable for start-ups only)
Schedule GST: This gives Information regarding turnover/gross receipt reported for GST
Schedule FD: This shows the Break-up of payments/receipts in Foreign currency
Part B-TI: This part provides the Computation of total income
Part B-TTI: This part displays the Computation of tax liability on total income
Tax payments:
It gives the Details of payments of Advance Tax and Self-Assessment Tax
It provides the Details of Tax Deducted at Source (TDS) on Income
This mentions the Details of Tax Collected at the Source (TCS)

How to fill out the ITR-6 Form?

The Income Tax Department instructs taxpayers to fill out their income tax returns in the order shown below.

Part A

Schedules

Part B

Verification

Mode of filing ITR-6 Form

This income tax return must be sent to the Income Tax Department online, with a digital signature, and it must be done so by the rule of law.

Due date for filing ITR-6 Form
  • The Income-Tax Act states that accounts must be checked on or before October 31 of the assessment year.
  • Form No. 3CEB should be filled out by November 30 of the grading year
  • In cases where the books don't need to be inspected, the deadline is July 31 of the assessment year.
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