ITR-6 Form

Tax compliance is an essential aspect of financial planning for businesses in India. Among the various income tax return forms, the ITR-6 form is specifically designed for companies that are not claiming exemptions under Section 11 of the Income Tax Act. Filing this form correctly and on time is crucial to avoid penalties and ensure smooth operations. In this article, we will explore everything you need to know about the ITR-6 form, including its eligibility criteria, structure, filing process, and key updates for AY 2025–26. Additionally, we will highlight how Bajaj Finance Fixed Deposit can be a smart financial tool for companies looking to make the most of their surplus income or tax refunds.

What is the ITR-6 form?

The ITR-6 form is an income tax return form mandated by the Income Tax Department for companies that are not claiming exemptions under Section 11, which pertains to income from charitable or religious purposes. This form allows companies to report their income, deductions, and tax liabilities for a particular financial year. Filing the ITR-6 form is essential for maintaining compliance with Indian tax laws and avoiding penalties.

For companies expecting tax refunds, leveraging the refund amount by investing in a Bajaj Finance Fixed Deposit can be an excellent way to earn guaranteed returns of up to 7.30% p.a. This ensures that your refund works for you, helping you grow your savings safely and securely. Opan FD. 

The ITR-6 form is applicable to the following entities:

• Companies registered under the Companies Act, 2013 or the earlier Companies Act, 1956.
• Domestic companies operating within India.
• Foreign companies conducting business in India.
• Partnership firms, provided they are not LLPs claiming exemptions under Section 11.
• Companies with income derived from business or profession.
• Companies not claiming exemptions for charitable or religious purposes under Section 11.

Entities such as LLPs, individuals, trusts, NGOs, and societies are not eligible to file ITR-6. They must use other forms like ITR-3, ITR-5, or ITR-7 based on their specific requirements.

The ITR-6 form is structured into distinct sections to ensure comprehensive reporting of a company’s financial details. These include:

Part A: General Information

This section captures basic details such as the company’s name, PAN, incorporation date, and contact information.

Part B: Computation of Total Income and Tax Liability

This section calculates the total taxable income and the corresponding tax liability.

Schedules

The form includes multiple schedules for detailed reporting, such as:

• Schedule-HP: Income from house property.
• Schedule-BP: Profit and gains from business or profession.
• Schedule-CG: Capital gains.
• Schedule-OS: Income from other sources.
• Schedule-MAT: Minimum Alternate Tax.
• Schedule-TDS: Tax deducted at source.

By accurately filling out these sections, companies can ensure compliance and avoid discrepancies.

Additionally, companies can maximise the benefits of their surplus income or refunds by investing in a Bajaj Finance Fixed Deposit. With interest rates of up to 7.30% p.a. and flexible tenures, this investment tool helps businesses grow their funds securely and efficiently. Check FD rates. 

The ITR-6 form for Assessment Year 2025–26 has undergone important updates to enhance transparency and align with evolving tax regulations. Key changes include:

1. Capital Gains Reporting: Separate reporting for gains before and after July 23, 2024.
2. Share Buyback Losses: Losses from buybacks initiated on or after October 1, 2024, can now be claimed.
3. Presumptive Taxation for Cruise Operators: Section 44BBC allows cruise businesses to declare income at a prescribed rate.
4. Raw Diamond Business Profit Reporting: Minimum profit threshold of 4% of gross turnover introduced.
5. Enhanced Deduction Disclosure: Detailed reporting for housing loan interest deductions under Section 24(b).
6. TDS Section-Wise Breakdown: Mandatory disclosure of the specific section under which TDS was deducted.

These updates aim to streamline filing for corporate taxpayers while ensuring accurate reporting.

To further optimise your financial strategy, consider using Bajaj Finance Fixed Deposit as a dependable investment option. Check eligibility and invest now. 

Filing the ITR-6 form involves the following steps:

1. Log in to the Income Tax Department’s e-filing portal.
2. Select the ITR-6 form and download the offline utility.
3. Fill out Part A (General Information) and Part B (Computation of Income).
4. Complete all relevant schedules based on your company’s financial details.
5. Verify the form using a digital signature and submit it electronically.

Companies must ensure that all information is accurate and matches their financial statements to avoid errors.

The deadlines for filing the ITR-6 form for AY 2025–26 are as follows:

• Non-audited accounts: July 31, 2025.
• Audited accounts: October 31, 2025.
• International transactions (Form 3CEB): November 30, 2025.

Filing before these deadlines is crucial to avoid late penalties under Sections 234F and 271F of the Income Tax Act.

Filing the ITR-6 form can be simplified with the following tips:

• Gather all necessary documents, including financial statements and Form 26AS.
• Double-check figures to avoid discrepancies.
• Claim all eligible deductions to reduce tax liability.
• File early to avoid last-minute rush and penalties.
• Seek professional guidance if required.

Once your taxes are filed, consider investing surplus income or refunds into a Bajaj Finance Fixed Deposit. With flexible tenures and a starting amount of just Rs. 15,000., it is a reliable way to grow your funds. Open FD. 

The ITR-6 form is a critical tool for companies to report their income and tax liabilities accurately. By understanding its structure, eligibility criteria, and filing process, businesses can ensure compliance and avoid penalties. Additionally, leveraging tax refunds or surplus income by investing in a Bajaj Finance Fixed Deposit can help companies build a secure financial future. With assured returns, flexible tenures, and high safety ratings, Bajaj Finance Fixed Deposit is an ideal choice for corporate financial planning.

Start your investment journey today with Bajaj Finance Fixed Deposit and make the most of your tax savings and surplus funds.