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ITR 6

Original price was: ₹3,500.00.Current price is: ₹2,950.00.

ITR-6 Filing Guide for FY 2024-25 with AutoBizNow 🧾

ITR-6 is an income tax return form designed for companies other than those claiming exemption under Section 11 of the Income Tax Act. At AutoBizNow, powered by Professional Consultant Solution Planet Private Limited, we make the ITR-6 filing process seamless for your company. 🏢

Who Should File ITR-6? 🤔

ITR-6 is applicable to: ✅ Companies registered under the Companies Act, excluding those claiming tax exemptions under Section 11 (applicable to charitable or religious trusts). ✅ Companies engaged in business or professional activities.

Who Cannot File ITR-6? 🚫

🚫 Companies claiming exemptions under Section 11 (Income from property held for charitable or religious purposes). 🚫 Individuals, HUFs, firms, LLPs, and trusts.

Key Features of ITR-6 📝

E-Filing Mandatory: Filing must be done electronically using a Digital Signature Certificate (DSC).
Comprehensive Reporting: Includes detailed disclosures on income, expenses, tax liability, and deductions.
MAT Applicability: Includes provisions for companies liable to pay Minimum Alternate Tax (MAT) under Section 115JB.
Tax Regime Selection: Companies can opt for the New Tax Regime under Section 115BAA or 115BAB, if eligible.

Documents Required for ITR-6 Filing 📂

Audited Financial Statements: Balance sheet, profit & loss account, and schedules.
Director and Shareholder Details.
Tax Payment Receipts: Advance tax, self-assessment tax, and TDS certificates (Form 16A or Form 26AS).
Bank Account Details: Including IFSC and MICR codes.
Details of Exempt Income: If applicable.

Step-by-Step Process for Filing ITR-6 🛠️

1️⃣ Log In to Income Tax Portal: Access the Income Tax e-Filing Portal using the company’s credentials. 2️⃣ Select ITR-6: Choose the form applicable for FY 2024-25. 3️⃣ Provide Basic Details: Enter company details, including name, PAN, and CIN. 4️⃣ Income Computation: Calculate taxable income from business, capital gains, and other sources. 5️⃣ Disclose Deductions: Enter eligible deductions under various sections (e.g., 80G, 80IA). 6️⃣ Calculate Tax Liability: Compute tax liability, including MAT if applicable. 7️⃣ Upload and Submit: Upload the completed form, verify using DSC, and submit. 8️⃣ E-Verification: Complete the e-verification process for successful filing.

MAT Provisions Under ITR-6 📊

Applicability: MAT applies to companies if their book profits exceed the taxable profits calculated under normal provisions of the Income Tax Act.
Rate: MAT is levied at 15% of book profits, plus applicable surcharge and cess.

FAQs About ITR-6 ❓

1. Can startups file ITR-6? Yes, startups registered as companies can file ITR-6 if they do not claim exemption under Section 11.

2. Is it mandatory to file ITR-6 electronically? Yes, ITR-6 must be filed online using a Digital Signature Certificate (DSC).

3. Can a company opt for the New Tax Regime in ITR-6? Yes, companies can opt for the New Tax Regime under Section 115BAA or 115BAB, provided they meet the eligibility criteria.

4. What is the due date for filing ITR-6 for FY 2024-25? The due date is October 31, 2025, unless extended by the Income Tax Department.

5. Are foreign companies required to file ITR-6? Yes, foreign companies operating in India and not claiming exemptions under Section 11 must file ITR-6.

Why Choose AutoBizNow for ITR-6 Filing? 🌟

🌟 Expert Assistance: Professional guidance tailored to your company’s financial profile. 🌟 Accurate and Timely Filing: Ensure compliance with tax laws and deadlines. 🌟 End-to-End Support: From document preparation to submission, we handle it all.