- Monthly Purchase Bill
What is ITR-6 Filing?
ITR 6 Form is to be furnished by the Companies to e-file the income tax returns if they are not claiming exemption under Section 11 of the Income Tax Act 1961. Under the Income-tax Rules, the Companies that can claim an exemption under section 11 are those that have income from the property that is held for the charitable or religious person.
Hence, ITR 6 is to be filed by the companies that do not claim an exemption under section 11.
Who is Eligible to file Form ITR 6?
- ITR 6 Form is to be filed by every company irrespective of its structure registered under the Companies Act 2013 or the earlier Companies Act 1956. However, the companies whose source of income comes from the property that is held for religious or charitable purposes are not required to file ITR 6 Form.
- If the sales, turnover, or gross receipts are more than Rs.1 crore in the preceding financial year the entity must get the accounts audited from a certified Chartered Accountant.
How to file Form ITR 6?
The Income-tax department advises to fill the Income-tax returns in the following sequence:
- Part A ( and its subsection) All the Schedules
- Part B ( its subsection) Verification
This income tax return has to be filed online and is to be furnished electronically by affixing the
DSC of the assessee. While filing the ITR 6 Form no document is required to be attached with return.
ITR 6 Form is an annexure-less form.
The taxpayer is required to tally the data with the tax credit statement Form 26 AS regarding the
tax deduction, collection, and payment.
Document Required for ITR-6 Return Filing
- Monthly Sales Bill
- Sales Return Details
- Purchase Return Details
- Tax Paid Challans for GST
- From 26AS
- Day to Day Administration expenses and General expenses details
- Rental Agreement(if applicable)
- Fixes Assets Invoice Copy(if applicable)
- Investment Details made by Cash
- Investment Details made through Bank
- Proof of Source of Cash In-flow and Cash Out-flow
- Loan details from Bank or Third Party
- Outstanding receivables and payables
- Company's Pan and two DSCs
- Details of Bank used for business transaction(Acct No,IFSC Code)
- Statement from Bank used for business transactions
- Break-up of statement from Bank used for business transaction
