Get the free INDIAN INCOME TAX RETURN ITR-6

This form is used by companies other than those claiming exemption under section 11 to file their income tax return, including details of income, deductions, and other financial information for the

How to fill out indian income tax return

How to fill out INDIAN INCOME TAX RETURN ITR-6

1. Gather all necessary documents, including Form 16, Form 26AS, and other income-related documents.
2. Go to the official Income Tax Department website and navigate to the e-filing section.
3. Select the option for ITR-6 and login with your credentials or register if you are a new user.
4. Fill in your personal details including name, PAN, address, and contact information.
5. Provide details of your income, including salary, house property, capital gains, and any other sources of income.
6. Fill in the deductions under sections like 80C, 80D, etc., as applicable.
7. Calculate your tax liability using the provided tools or your calculations.
8. Verify all the information for accuracy before submitting.
9. Submit the form online and download the acknowledgment receipt for your records.
10. If required, e-verify your income tax return using one of the available methods.

Who needs INDIAN INCOME TAX RETURN ITR-6?

1. Individuals who are companies or firms (including LLPs) required to file ITR-6 based on their income sources.
2. Taxpayers who have income from a business or profession.
3. Those who have income from capital gains or other specified income that mandates the use of ITR-6.

People Also Ask about

What is the penalty for ITR 6?

₹5,000 if ITR is filed before 31st December of the Assessment Year; ₹10,000 if filed after 31st December but before 31st March of the Assessment Year, for incomes above ₹5 lakh. For incomes below ₹5 lakh, the penalty is ₹1,000.

What is the penalty for updated return?

Penalty applicable on filing ITR-U ing to income tax rules, 25% of an additional tax on aggregate tax and interest is levied if the updated ITR is filed within 12 months from the end of the assessment year. This will hike to 50% as an additional tax if the updated return is filed between 12 months and 24 months.

What is the ITR 6 return?

What is the ITR-6 Form? ITR 6 is the Income Tax Return filing form specifically meant for Companies other than companies claiming exemption under section 11 must furnish their income tax return in ITR-6 Form.

What is Section 6 of the Indian income tax?

(6)[ A person is said to be "not ordinarily resident" in India in any previous year if such person is- (a)an individual who has been a non-resident in India in nine out of the ten previous years preceding that year, or has during the seven previous years preceding that year been in India for a period of, or periods

What is the penalty for not filing ITR?

Penalty fees for late filing of income tax return Income rangePenalty amount Total income up to Rs. 5 lakhs Rs. 1,000 as penalty for late filing of ITR Total income above Rs. 5 lakhs Rs. 5,000 as penalty for late filing of ITR If return filed after the end of the assessment year Rs. 10,000 as penalty for late filing of ITR Mar 11, 2025

What is the penalty for filing ITR 6 late?

Late Filing Fee for Belated Return If your total income is less than ₹5 lakh: The late filing fee is ₹1,000. This fee applies to individuals whose total income is below the taxable limit. If your total income exceeds ₹5 lakh: The late filing fee increases to ₹5,000.

What is the minimum salary to file an ITR?

Gross income - Individuals with a gross income of ₹2.5 lakh or more in a financial year must file income tax returns. However, the limit for citizens aged between 60-79 is ₹3 lakhs in a financial year, and for citizens above 80, it is ₹5 lakhs.

How much is penalty for not filing returns?

Tax Administrative Penalties OffencePenalty Late filing of any other tax return Penalty of 5% of the amount of tax payable under the return subject to a minimum of KES 2,000 for individuals and Sh.20,000 for corporates KES 1,000 per month for turnover tax16 more rows

For pdfFiller’s FAQs

What is INDIAN INCOME TAX RETURN ITR-6?

INDIAN INCOME TAX RETURN ITR-6 is a form used by companies in India to report their income, expenses, and tax liabilities for a financial year. It is specifically for companies that do not claim exemption under section 11 of the Income Tax Act.

Who is required to file INDIAN INCOME TAX RETURN ITR-6?

Companies that are not eligible for exemption under section 11 must file ITR-6. This includes both domestic and foreign companies operating in India.

How to fill out INDIAN INCOME TAX RETURN ITR-6?

To fill out ITR-6, companies need to provide details regarding their income, deductions, and tax payments. This includes financial statements, profit and loss accounts, and balance sheets, along with other relevant documents that support the data provided.

What is the purpose of INDIAN INCOME TAX RETURN ITR-6?

The purpose of ITR-6 is to facilitate the reporting of income by companies and to ensure compliance with tax regulations in India. It helps the Income Tax Department assess the tax liabilities of companies accurately.

What information must be reported on INDIAN INCOME TAX RETURN ITR-6?

ITR-6 must report information such as income details, corporate tax liabilities, tax deductions, advance tax payments, and other financial data including profit and loss statements, balance sheets, and complete disclosures required under the Income Tax Act.