ITR 6 Form Filing - Income Tax Return

Major Updates in the ITR-6 Form for AY 2025-26

The ITR-6 form for AY 2025-26 includes several changes aimed at improving tax reporting accuracy and ensuring compliance with revised tax provisions.

• Separate Capital Gains Reporting: Capital gains earned before and after 23 July 2024 must be reported separately.

• Claiming Share Buyback Losses: Losses arising from share buybacks can now be reported as capital losses, subject to applicable conditions.

• New Presumptive Taxation Provision: Cruise operators can opt for presumptive taxation under Section 44BBC.

• Profit Declaration for Diamond Traders: Diamond traders are required to declare profits at 4% of their gross turnover or revenue.

• Detailed TDS Reporting: Taxpayers must specify the exact section under which Tax Deducted at Source (TDS) was deducted.

• Additional Housing Loan Details: More information must be provided when claiming a housing loan interest deduction under Section 24(b).

Who should File ITR 6?

Companies registered under the Companies Act 2013 or the previous Companies Act 1956 should file the ITR 6 Form. In case the source of income of company comes from the property used for charitable or any sort of religious purposes are not needed to file the ITR 6 form.

The table below lists which types of entities that are required/not eligible to file ITR-6:

E-filing Audit Reports

Companies submitting ITR-6 may still have a mandatory audit requirement. If the assessee is required to undergo an audit pursuant to Section 44AB. If the company is required to have its accounts audited under the Companies Act, the accountant must provide the department with details of the audit report, including FORM 3CA and FORM 3CD, the name of the auditor, and the date of electronic submission. This is to ensure compliance with the Income Tax Act as well as other laws are achieved transparently.

Information Required:

• Name and particulars of the auditor.

• Type of audit report submitted.

• Date of submission of audit report to the Income Tax Department.

• The audit must be completed by a chartered accountant.

Forms Required: If audited under the Companies Act, the accountant will need to submit:

• Form 3CA – Audit report under any other law other than the Income Tax Act.

• Form 3CD – Statement of particulars required under Section 44AB.

Method of Submission: These reports must be submitted electronically before filing the ITR-6 form.

Structure of the ITR-6 Form

The ITR-6 form is organized into multiple parts and schedules to capture a company's financial, tax, and compliance-related information comprehensively.

Part A: Financial and General Information

This section contains the company's basic details, financial statements, and other key disclosures.

• General Information: Basic company details and filing information.

• Balance Sheet (Part A-BS / Part A-BS Ind AS): Details of assets, liabilities, and financial position.

• Manufacturing, Trading, and Profit & Loss Accounts: Financial performance statements for the relevant financial year.

• Other Information (Part A-OI): Additional disclosures required under the Income Tax Act.

• Quantitative Details (Part A-QD): Information on production, sales, and inventory.

• Liquidation Details (Part A-OL): Receipt and payment account for companies under liquidation.

Key Schedules in ITR-6

The form includes 46 schedules that cover various sources of income, deductions, tax computations, and disclosures.

• Income Schedules: House Property (HP), Business or Profession (BP), Capital Gains (CG), Other Sources (OS), and Virtual Digital Assets (VDA).

• Depreciation Schedules: DPM, DOA, DEP, and DCG for depreciation and capital gain calculations.

• Loss Adjustment Schedules: CYLA, BFLA, CFL, and UD for set-off and carry-forward of losses and depreciation.

• Deduction Schedules: 10AA, 80G, 80GGA, 80GGC, 80IAC, 80LA, 80IA, 80IB, 80IC/80IE, and VIA.

• Special Tax Schedules: SI, MAT, MATC, BBS, TPSA, and 115TD.

• Foreign Income and Asset Schedules: FSI, TR, and FA.

• Shareholding and Asset Schedules: SH-1, SH-2, AL-1, and AL-2.

• Business Reporting Schedules: GST, FD, IF, EI, PTI, ESR, ICDS, RA, and 112A-related schedules.

Part B: Income and Tax Computation

This section summarizes the company's taxable income and tax liability.

• Part B-TI: Computation of total income.

• Part B-TTI: Calculation of tax liability on total income.

Tax Payment Details

The final section captures information related to taxes already paid or deducted.

• Advance Tax and Self-Assessment Tax Payments

• Tax Deducted at Source (TDS) Details

• Tax Collected at Source (TCS) Details

How to File ITR-6 Form?

The Income Tax Department recommends assesses to follow the sequence mentioned below whiling filing ITR:

• Part A
• Schedules
• Part B

• Verification

When to File ITR-6 Form?

Companies that need to file ITR-6, in compliance with Section 139 of the Income Tax Act, should take note of the due dates accordingly.

• The due date for companies that are required to have their books audited is 31 October of the assessment year.

• If they are also under transfer pricing - Form 3CEB, then the date is 30 November.

• If no audits are necessary, then ITR-6 should be filed by September 15 (e.g. 15 September 2025 for FY 2024–25, etc.).

Are documents required to be uploaded along with ITR-6?

No, ITR-6 must be filed electronically under digital signature and does not require the submission of a physical return with documents or attachments.

The Income Tax Department has stated that no annexures are to be attached to the ITR e-filing, either physically or electronically and those annexures include TDS certificates, financial statements, audit report or balance sheet, bank statements etc.

There are no documents to attach, but you should have the following documents readily available while filling out ITR-6:

•  Audited Financial Statements (P&L, Balance Sheet, Audit Report, etc.)

• Form 26AS (Tax Credit Statement to check TDS and tax paid)

• TDS Certificates (for example, Form 16A for non-salary income)

• Challans of Advance Tax or Self-Assessment Tax (through Form 280)

• Capital Gains details (of sale, if any, of shares, mutual funds, real estate etc.)

• Bank Statement (to confirm income, loan or investment transactions)

• Form 3CA/3CB and Form 3CD (if applicable credit audit)

• Form 10BB or other audit reports (if applicable for as special deductions/exemptions)

Step by Step guide to File ITR-6

The ITR-6 Form is to be e-filed using a digital signature on the Income Tax e-Filing website by companies. No physical copies or annexures (TDS Certificates included) will be required to be submitted. Follow the steps given below:

• Step 1: Log in to the Income Tax Department’s e-Filing portal at https://www.incometax.gov.in by entering the company PAN and password.

• Step 2: Click on e-File and select Income Tax Returns and File Income Tax Return.

• Step 3: Select the appropriate Assessment Year – e.g. (2025-26), Company as Status, Form ITR-6 as return type.

• Step 4: Click on online mode to begin filing. The first part is Part A which contains general details for the company, such as company name, PAN, date of incorporation, address, nature of business and financial statements.

• Step 5: The next step is to fill out the applicable Schedules according to your company's source of income, deductions, deductions for depreciation, foreign assets, GST and any other disclosures required.

• Step 6: Then, Part B contains totals for taxable income and tax liability, including surcharge, cess, MAT, tax reliefs (if any), etc.

• Step 7: When you have double-checked all entries, you can go to the Verification section where you must input the name of the authorised signatory and digitally sign the return via a registered Digital Signature Certificate (DSC).

• Step 8: Once all sections have been verified, click on the Preview and Submit tab to file your return.

• Step 9: Once submitted, download the acknowledgement receipt (ITR-V) from the Income-tax department online portal.

Key Guidelines for Filing ITR-6

To ensure a smooth and error-free ITR-6 filing process, it is important to follow a few best practices. These tips can help you avoid mistakes, claim eligible tax benefits, and file your return on time.

• Keep Documents Ready: Gather all relevant documents, including financial statements, tax deduction details, and the previous year's income tax return.

• Verify Information Carefully: Review all entries and calculations to ensure the information provided is accurate and consistent.

• Claim Eligible Tax Benefits: Check out the deductions and exemptions available under the Income Tax Act and claim those applicable to your business.

• Meet the Filing Deadline: File your ITR-6 within the prescribed due date to avoid late fees, penalties, and interest charges.

• Seek Expert Assistance: Consider consulting a tax professional or chartered accountant if you need help with any aspect of the filing process.