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ITR-6

Who Should File ITR-6?

ITR-6 is mandatory for companies, including:

  • Private limited companies
  • Public limited companies
  • One Person Companies (OPC)

(Except companies claiming exemption under Section 11)

*Only professional fees. Government charges and out-of-pocket expenses will be separate.

4,999.00

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Who Should File ITR-6?

ITR-6 is mandatory for companies, including:

  • Private limited companies
  • Public limited companies
  • One Person Companies (OPC)

(Except companies claiming exemption under Section 11)

Why

The ITR-6 form is specifically designed for the unique legal and corporate structure of a company. Unlike individual forms, ITR-6 requires comprehensive financial disclosure, including detailed schedules for Minimum Alternate Tax (MAT) calculations and compliance with the stringent reporting standards set by the Ministry of Corporate Affairs (MCA). The mandatory use of a Digital Signature Certificate (DSC) ensures a high level of accountability and non-repudiation, providing legal authentication of the filed return to the Income Tax Department via the official e-Filing Portal. This stringent process ensures transparency and corporate governance, which is not captured by simpler ITR forms.

Benefits

  • Loss Carry Forward: Legally carry forward business and capital losses for up to 8 years to set off against future profits.
  • Penalty Avoidance: Avoid heavy late filing penalties (up to ₹10,000) and interest payments from the Income Tax Department.
  • Financial Credibility: A clean filing record is an absolute requirement for obtaining business loans, investments, and tendering.
  • Claim Deductions: Helps ensure all valid corporate tax deductions (depreciation, MAT credit, Section 80G/80IAC) are properly claimed to reduce taxes.
  • Regulatory Compliance: Keeps the company’s status as ‘Active’ with both the Income Tax Department and the Ministry of Corporate Affairs (MCA).
  • Faster Refunds: Proper electronic filing and DSC verification enable faster processing of any excess tax refunds.

Mandatory Requirements

  • Digital signature filing
  • Detailed financial statements
  • MAT computation
  • Audit report attachment

Key Risks if Filed Incorrectly

  • High scrutiny exposure
  • Heavy penalties
  • Director liability issues

Pricing

ITR-6 Filing Starting at ₹4,999: LegalWalaKart offers professional ITR-6 filing services for all companies registered under the Companies Act, including private and public limited companies (except that exempt under Section 11). We manage detailed reporting of business income, capital gains, and property income, ensuring accurate filing and full compliance with tax regulations

Compliance Requirements

  • Relevant for all companies except those seeking exemption under Section 11
  • Mandatory preparation and disclosure of audited financial statements
  • Submission of tax audit report and auditor information, if applicable
  • Correct calculation of Minimum Alternate Tax (MAT) under Section 115JB
  • Submission of advance tax, self-assessment tax, and TDS/TCS credits
  • Specific disclosure of share capital, reserves, and related-party transactions
  • Compliance with transfer pricing regulations, if applicable
  • Submission of foreign income, assets, and investments, if required
  • Mandatory e-filing and digital signature (DSC) for return filing
  • Timely filing to avoid interest, penalties, and scrutiny assessments

Timeline

The timeline for filing ITR-6 is strictly based on audit status: non-audit cases must file by July 31st, while companies requiring a tax audit have until October 31st (or November 30th for transfer pricing) to submit their return via the official Income Tax e-Filing Portal. The final cut-off for all belated filings is December 31st.

 

Our ITR-6 Expertise

  • Corporate tax computation
  • MAT optimization
  • Compliance with Companies Act alignment
  • Director-level advisory support

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