All the companies need to file an income tax return by using ITR Form 6. Only companies other than companies claiming exemption under section 11 must furnish ITR Form -6 to file their income tax return with the Income Tax Department of India.
Companies claiming exemptions under section 11
Those companies whose income from property is held for some charitable or religious purpose can claim exemption under section 11. These companies cannot use ITR Form 6 for filing the income tax return with the income tax department.
The due date for filing ITR Form 6 for the purpose of the return of income tax is 30th September. After this date if an assessee will file the form it will be taken as late and charged with late fee.
Eligibility criteria for ITR Form 6
ITR Form 6 is furnished by the taxpayers who are registered as a company under the Companies Act 2013(or under former act) . This form cannot be filled by taxpayers who are:
Firm
Individuals
Hindu Undivided Family (HUF)
Local authority and artificial judicial person
Body of Individuals (BOI)
Association of Person (AOP)
Companies claiming exemption under section 11
ITR-6 cannot be filed by Taxpayers who fall under the below category :
Individuals, Hindu Undivided Family (HUF), Firm, Association of Person (AOP), Body of Individuals (BOI), Local Authority and Artificial Judiciary Person
Companies that claim exemption under section 11 (Income from property held for charitable or religious purposes)
Schedule-OS: Computation of income under the head Income from other sources. It includes
Dividends,
Cash credits,
Pass through income,
Rental income from machinery, plant, etc,
Interest from post office deposit, savings,
Income tax refund and so on.
Schedule-CYLA: Statement of income after set off of current year’s losses
Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
Schedule- CFL: Statement of losses to be carried forward to future years.
Schedule –UD: Details of unabsorbed depreciation and allowance under section 35(4)
Schedule ICDS: Effect of Income Computation Disclosure Standards on profit
Schedule- 10AA: Computation of deduction under section 10AA
Schedule- 80G: Details of donation entitled for deduction under section 80G
Schedule 80GGA: Details of donations for scientific research or rural development
Schedule RA: Details of donations to research associations etc.
Schedule- 80IA: Computation of deduction under section 80IA
Schedule- 80IB: Computation of deduction under section 80IB
Schedule- 80IC or 80IE: Computation of deduction under section 80IC or 80 IE
Schedule-VIA: Statement of deductions (from total income) under Chapter VIA.
Schedule-SI: Statement of income which is chargeable to tax at special rates
Schedule PTI: Pass through income details from business trust or investment fund
Schedule-EI: Statement of Income not included in total income (exempt incomes)
Schedule-MAT: Computation of Minimum Alternate Tax payable under section 115JB
Schedule-MATC: Computation of tax credit under section 115JAA
Schedule-DDT: Details of payment of Dividend Distribution Tax
Schedule BBS: Details of tax on distributed income of domestic company on buy back of shares, not listed on the stock exchange
Schedule ESI: Details of income from outside India and tax relief
Schedule-IT: Statement of payment of advance-tax and tax on self-assessment.
Schedule-TDS: Statement of tax deducted at source on income other than salary.
Schedule-TCS: Statement of tax collected at source
Schedule FSI: Details of income accruing or arising outside India
Schedule TR:Summary of tax relief claimed for taxes paid outside India
Schedule FA: Details of Foreign Assets and income from any source outside India
Schedule SH-1: Shareholding of unlisted company
Schedule SH-2: Shareholding of Start-ups
Schedule AL-1: 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: Information regarding turnover/gross receipts reported for GST
Schedule FD: Break-up of payments/receipts in Foreign currency
