Comprehensive Guide to ITR-6 Form: Filing Requirements, Eligibility, and Updates

1. What is the ITR-6 Form used for?

The ITR-6 form is being used for Income Tax Return filing, specifically for Companies not claiming exemption under section 11 of the Income Tax Act,1961.

2. Who is eligible to file ITR 6 return in Delhi?

Every Company registered under the Companies Act 2013 or its predecessor, the Companies Act 1956, is mandatorily required to file ITR6 in Delhi. However, companies deriving income from charitable or religious sources are not required to file the return in above said form.
It’s crucial for companies filing ITR-6 in Delhi to provide an audit report under Section 44AB, wherein audit of books of account is being conducted by a chartered accountant if sales, turnover, or gross receipts exceed Rs.1 Crore in the relevant financial year.

3. Who is not eligible for ITR 6 return filing in Delhi?

Taxpayers such as Individuals, HUF, Firm, Association of Person, Body of Individuals, local authority, and artificial judicial persons cannot file ITR6 filing in Delhi.

4. What is the Last Date for Filing ITR-6 Form FY 2023-24?

If assessee is required to get their books of accounts audited: October 31st of the relevant assessment year.
If assessee is required to furnish Form No. 3CEB report: November 30th of the assessment year.
For cases other than above: July 31st of the assessment year.

5. What are the documents/details required to file ITR-6?

Necessary documents such as financial statements, balance sheet, profit and loss statement, and Tax Credit Statement (Form 26AS) along with documentary evidences for claiming deductions under eligible sections of income tax act.

6. Important changes in the ITR-6 Form in AY 2024-25:

• Inclusion of Legal Entity Identifier (LEI) details.
• Introduction of ‘Schedule 115TD’ for providing tax payable details on accreted income.
• Disclosure of details in relations to Capital Gains Accounts Scheme information.
• Addition of ‘Schedule 80GGC’ for political party contribution details.
• Incorporation of ‘Schedule 80-IAC’ for eligible start-up particulars.
• Insertion of ‘Schedule 80LA’ for offshore banking unit or IFSC details.
• Disclosure of sum payable to MSME beyond the prescribed time limit as mentioned in the Act.
• Reporting of online game winnings under Section 115BBJ.
• Disclosure of dividend income from units located in IFSC.
• Specification of return filing due dates.
• Provision for furnishing audit report acknowledgement number and UDIN.
• Identification of companies as Micro or Small Enterprises.
• Requirement to provide reasons for conducting tax audit under Section 44AB.
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