Filed by companies that are not claiming exemption under section 11 (Income from property held for charitable or religious purposes) are required to file their income tax return in Form ITR 6.
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Income Tax Return is a form containing the information of income and tax paid of the assessee which is used to file the income tax with the Income Tax Department of India. Income tax is a tax imposed by the Central Government of India on income of a person under various criteria and every citizen/entity should file income tax returns. IT-R is verfied by IT department of India. There are various types of IT-R like ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7 Income tax ITR-6 form must be filed by companies that are not claiming exemption under section 11 (Income from property held for charitable or religious purposes). AADHAAR CARD IS MANDATORY FOR INCOME TAX FILING.
Every company registered under the Companies Act 2013 or earlier under the Companies Act, 1956, shall file Income Tax Return through form ITR-6 with the Income Tax Department of India. However, those companies whose income is from the charitable or religious organization are not required to file Form ITR-6 (exempt under Section 11). The taxpayer liable to file Form ITR-6 must obtain an audit report under Section 44-AB. As per section 44-AB, an entity whose sales, turnover, or gross receipt exceed INR 1 Crore in the preceding financial year must compulsorily get its accounts audited from a Chartered Accountant.
ITR-6 form is filed by companies that are not claiming exemption under section 11 (Income from property held for charitable or religious purposes) to file their Tax Returns with the Income Tax Department of India.
ITR-6 form should not be filed for below cases :
As per Section 234F of the Income Tax Act, ITR-6 form must be filed by companies on or before 30th September of every year.
The penalty for income tax return is Rs.5000 - if filed before 31st December and Rs.10,000 - if filed before 31st March. However, to provide relief to small taxpayers, the IT department has stated a maximum penalty of only Rs. 1,000 will get levied if total income is less than Rs 5 lakh.
Other kind of penalites are as follow:
ITR are evidence of your income. It benefits for loans, visa etc.
Businesses registered under MSME | SSI gets multiple government tender benefits which are open only to MSMEs to promote small business participation in the India.
ITR filing is required to claim refunds under TDS or if excess tax is paid etc.
ITR gives the retail value to taxplayer. It helps for tendering and various other busines saspects.
There are penalty for non-filing of income tax returns and hence it is always advisable to file return.
ITR is necessary for applying for any loans such as a home loan, car loan, etc. The eligibility for loan would depend on your income. This can be established through filed ITRs.
Proff of earning is required for overseas travel. ITR is helps meet that purpose.
Other business documents,that you are required to share are Business or Profession Details,Business Expenses, Business Loan, and Books of Accounts (if available), Investments, Sales and Purchase Details, Any other incomes, Investments or Savings details .
You may refer to the Eligibility section before return filing.
For further queries kindly refer our FAQ section
Arrange for Aadhaar card and PAN card of Individual whose return is to be filied.
Arrange for all the documents whose list will be shared by our expert along with primary email and phone number for communication purposes by IT department.
Arrange for the bank details which is to be mentioned for refund purposes.
Based on the documents shared our expert will compute the income tax and compile TDS value based on form 26AS for that financial year.
Based on computation and approval from you, ITR 6 will be filed.
Once the filing is done,our expert will provide you with acknowledgement.
You have to provide the details in the form.
Once you have provided the details, our expert will guide you with the all the documents required for return filing process.
After submission and upon successful verification of all the required documents, one of our experts will do the return filing.
Once the filing is done we will inform you and provide the necessary documents.
Financial statements preparation and ITR-5 return filing for a taxpayer with taxable income of less than Rs. 10 lakhs. Inclusive of government fee and GST.
Financial statements preparation and ITR-5 return filing for a taxpayer with taxable income below Rs. 25 lakhs. Inclusive of government fee and GST.
Financial statements preparation and ITR-5 return filing for a taxpayer with taxable income above Rs.25 lakhs. Inclusive of government fee and GST.
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