Corporate Tax Return Filing (ITR-6)

How It Works

1. 1

   Statutory Audit Completion

   Ensure the statutory audit under the Companies Act is complete and the auditor has issued the signed audit report. The tax audit report under Section 44AB must also be completed and uploaded by the auditor on the income tax portal before ITR-6 can be filed.

2. 2

   MAT and Advance Tax Computation

   Compute book profit under Section 115JB for MAT assessment. Verify advance tax paid in all four instalments. Compute interest payable under Sections 234B and 234C for any shortfall in advance tax payment.

3. 3

   Income Computation and Deduction Schedules

   Prepare income computation under all heads, apply admissible deductions under Chapter VI-A and business deductions, set off brought-forward losses as permitted under Section 72, and compute the final tax liability under regular regime and MAT, taking the higher of the two.

4. 4

   Transfer Pricing Compliance (if applicable)

   Where the company has international transactions, ensure Form 3CEB has been obtained from a chartered accountant and uploaded on the portal. Transfer pricing documentation under Rule 10D must be maintained and ready for submission if called for.

5. 5

   ITR-6 Preparation and Validation

   Prepare the ITR-6 return covering all mandatory schedules including Schedule BP, Schedule CG, Schedule HP, Schedule TDS, Schedule IT (advance tax), Schedule SH (shareholding), and Schedule AL. Cross-verify with AIS data and audited financials.

6. 6

   DSC-Based Filing and Acknowledgement

   File ITR-6 on incometax.gov.in using the DSC of a director who is also registered on the portal. Companies cannot e-verify via Aadhaar OTP. Download the ITR-V acknowledgement and maintain it with the audited accounts.