Expert ITR6 Return Filing for Companies
ITR6 return filing is mandatory for all companies under the Companies Act. Our expert CA team ensures accurate corporate tax filing with comprehensive compliance management, detailed financial reporting, and strategic tax planning for your company.
Benefits of Professional ITR6 Filing
- Corporate Compliance: Complete adherence to Companies Act and Income Tax regulations
- Tax Optimization: Strategic planning for minimum tax liability and maximum benefits
- Expert Guidance: Professional CA assistance for complex corporate calculations
- Audit Readiness: Comprehensive documentation for tax audit and assessment
- Penalty Prevention: Timely filing prevents heavy penalties and legal complications
- Investor Confidence: Proper tax filing enhances credibility with stakeholders
ITR6 Filing Process
Financial Data Collection
Gather audited financial statements, annual reports, books of accounts, and all supporting documents
Tax Computation
Calculate total income, corporate tax liability, MAT provisions, and various deductions applicable to companies
Form Preparation
Prepare detailed ITR6 with all schedules including balance sheet, P&L, and tax computation details
Digital Filing
File ITR6 online through Income Tax portal with digital signature and mandatory attachments
Compliance & Follow-up
Ensure filing acknowledgment, handle notices, and provide ongoing tax compliance support
Frequently Asked Questions
What is ITR6 and which companies need to file it?
ITR6 is an income tax return form for companies as defined under the Companies Act. All companies including private limited, public limited, foreign companies, and government companies must file ITR6 regardless of their income, profit, or loss status.
What is the due date for ITR6 filing?
The due date for ITR6 filing is September 30th of the assessment year. However, if the company's accounts are required to be audited under the Companies Act or Income Tax Act, the due date extends to October 31st. Late filing attracts substantial penalties.
What documents are required for ITR6 filing?
Required documents include audited financial statements, annual report, tax audit report, books of accounts, bank statements, TDS certificates, advance tax challans, depreciation schedule, and details of foreign assets/income if applicable.
What is the corporate tax rate for companies in India?
Domestic companies can opt for 25.17% (including cess) under the old regime or 25.17% under the new regime (Section 115BAA) with certain conditions. New manufacturing companies can opt for 17.16% under Section 115BAB. Foreign companies are taxed at higher rates.
What is Minimum Alternate Tax (MAT) and when does it apply?
MAT is applicable when a company's tax liability under normal provisions is less than 15% of its book profit. However, companies opting for Section 115BAA or 115BAB are exempt from MAT provisions. MAT ensures companies pay a minimum tax on their book profits.
What are the penalties for late filing of ITR6?
Late filing penalty under Section 234F is ₹10,000 for companies. Additional interest under Section 234A applies on outstanding tax liability. Non-filing can lead to prosecution under Section 276CC with penalties up to ₹10,000 and potential imprisonment.
Is tax audit mandatory for all companies filing ITR6?
Tax audit under Section 44AB is mandatory for companies if total sales/turnover/gross receipts exceed ₹1 crore. However, most companies require statutory audit under the Companies Act, and tax audit is usually conducted alongside statutory audit by chartered accountants.
Can companies file ITR6 without professional assistance?
While technically possible, ITR6 filing requires extensive knowledge of corporate taxation, complex schedules, and compliance requirements. Professional CA assistance is highly recommended to ensure accuracy, optimize tax liability, and maintain proper documentation for potential scrutiny.