Step-by-Step Guide to File ITR 6 Online AY 2024-25

CA Vineeta

5 years ago

The ITR-6 Form for Income Tax Return filing with the IT department of India is meant for only those companies that are not claiming exemption u/s 11 (Income from property held for charitable or religious purposes)

New Update in Form ITR 6

For AY 2024-25, the ITR 6 Excel-based utility is available to companies other than those claiming exemption under section 11. Check Here
The offline utility for filing the ITR-6 form is now available at the e-filing portal.
The CBDT department publishes the ITR-6 form for AY 2024-25 on the official portal. Read more
The IT department has released the ITR-6 form utility and JSON Schema for the taxpayers. Download Now
The Income-tax department has released the offline Excel utility for the ITR-6 for AY 2023-24 form on the official portal. Download Now

Get Demo of Gen IT Software for ITR 6 Form

Who Can File the ITR 6 Form?

ITR-6 can be used by companies that are not claiming exemption u/s 11 (Income from property held for charitable or religious purposes).

Who is Not Eligible to File the ITR 6 Form?

Taxpayers who are not liable to file for the ITR-6 Form are mentioned below.

Individuals, Hindu Undivided Family (HUF), Firm, Association of Person (AOP), Body of Individuals (BOI), Local Authority and Artificial Judiciary Person
Companies that claim an exemption under section 11 (Income from property held for charitable or religious purposes)

What are the Eligibility Criteria for Filing ITR-6 Form?

The companies which are registered under the Indian Companies Act of 1956 or any other law are eligible to file the ITR-6 Form even if they are not claiming exemption u/s 11 (Income from property held for charitable or religious purposes)

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

AY 2024-25 – 31st October 2024
AY 2023-24 – 31st October 2023

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Let’s Go for Online ITR 6 Filing Guide

Part A-GEN General: Personal Information

Name
PAN
Is there any change in the company’s name? If yes, please furnish the old name
Corporate Identity Number (CIN) issued by MCA
Flat/Door/Block No
Name of Premises/Building/Village
Date of incorporation
Date of commencement of business
Road/Street/Post Office
Area/Locality
Type of company
- Domestic Company
- Foreign Company
Town/City/District
State
Pin code/Zip code
If a public company write 6, and if a private company write 7 (as defined in section 3 of The Companies Act)
Office Phone Number with STD code/ Mobile No. 1
Mobile No. 2
Email Address-1
Email Address-2

Filing Status

Filed u/s (Tick)[Please see instruction]
- 139(1)- On or Before due date
- 139(4)- After due date
- 139(5)- Revised Return
- 92CD-Modified return
- 119(2)(b)- after condonation of delay
- 170A- After order by the tribunal or court
Or filed in response to notice u/s
- 139(9)
- 142(1)
- 148
- 153C
If revised/ defective/Modified, then enter Receipt No and Date of filing the original return (DD/MM/YYYY)
If filed, in response to notice u/s 139(9)/142(1)/148/ or order u/s 119(2)(b), enter the Unique Number /Document Identification Number and date of such notice/order, or if filed u/s 92CD enter date of advance pricing agreement
Residential Status (Tick)
- Resident
- Non-Resident
Have you opted for taxation under section 115BA/115BAA/115BAB? (Please choose from the drop-down menu) (applicable on Domestic Company) If yes, please furnish the AY in which said option is exercised for the first time along with the date of filing of the relevant form (10-IB/ 10-IC/ 10-ID) & acknowledgement number.
- If not, you are choosing to opt for taxation under section 115BA/115BAA/115BAB this year? (Please choose from the drop-down menu)
- Please provide the date of filing of the relevant form (10-IB/10-IC/10-ID) & acknowledgement number.
Whether total turnover/ gross receipts in the previous year 2021-22 exceeds 400 crore rupees? (Yes/No) (applicable for Domestic Company)
Whether assessee is a resident of a country or specified territory with which India has an agreement referred to in sec 90 (1) or Central Government has adopted any agreement under sec 90A(1)?
In the case of non-resident, is there a Permanent Establishment (PE) in India
In the case of non-resident, is there a Significant Economic Presence (SEP) in India (Tick) (Yes/No)
- Aggregate of payments arising from the transaction or transactions during the previous year as referred in Explanation 2A(a) to Section 9(1)(i)
- Number of users in India as referred in Explanation 2A(b) to Section 9(1)(i)
Whether assesses is required to seek registration under any law for the time being in force relating to companies?
- Act under which registration required
  - Date of Registration
  - (DD/MM/YYYY)
  - Registration Number
Whether the financial statements of the company are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015
Whether assesses is located in an International Financial Services Centre and derives income solely in convertible foreign exchange? (Yes/No)
Whether the assesses company is under liquidation
Whether you are an FII / FPI? Yes/No If yes, please provide SEBI Regn. No.
Whether the company is a producer company as defined in Sec.581A of Companies Act, 1956?
Whether this return is being filed by a representative assesses? If yes, please furnish following information:
- (1) Name of the representative assessee
- (2) Capacity of the Representative (drop down to be provided)
- (3) Address of the representative assessee
- (4) Permanent Account Number (PAN)/Aadhaar No. of the representative assessee
Whether you are recognised as start up by DPIIT
- 1 If yes, please provide start up recognition number allotted by the DPIIT
- 2 Whether certificate from inter-ministerial board for certification is received?
- 3 If yes provide the certification number
- 4 Whether declaration in Form-2 in accordance with para 5 of DPIIT notification dated 19/02/2019 has been filed before filing of the return?
- 5 If yes, provide date of filing Form-2

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Audit Information

a1. Whether liable to maintain accounts as per section 44AA?
a2. Whether assessee is declaring income only under section 44AE/ 44B/ 44BB/ 44BBA/ 44BBB?
- (a2i) If No, Whether during the year total sales/turnover/gross receipts of business exceeds 1 Crore Rupees but does not exceed 5 Crore Rupees?
- (a2ii) If (a2i) is Yes, whether aggregate of all amounts received, including amount received for sales, turnover or gross receipts or on capital account such as capital contribution, loans etc. during the previous year, in cash, does not exceed five per cent of said amount?
- (a2iii) If (a2i) is Yes, whether aggregate of all payments made including amount incurred for expenditure or on capital account such as asset acquisition, repayment of loan etc., in cash, during the previous year does not exceed five per cent of the said payment
b. Whether liable for audit under section 44AB?
c. If (b) is Yes, whether the accounts have been audited by an accountant?
d (i). Are you liable for Audit u/s 92E?
d (ii). If liable to furnish other audit reports under the Income-tax Act, mention the date of furnishing the audit report? (DD/MM/YY) (Please see Instruction 5(ii))
e. Mention the Act, section and date of furnishing the audit report under any Act other than the Income-tax Act

Holding Status

Nature of company (select 1 if holding company, select 2 if a subsidiary company, select 3 if both, select 4 if any other)
If subsidiary company, mention the details of the Holding Company
If holding company, mention the details of the subsidiary companies

Business Organisation

In case of amalgamating company, mention the details of amalgamated company
In the case of amalgamated company, mention the details of amalgamating company
In the case of demerged company, mention the details of resulting company
In case of resulting company, mention the details of demerged company

Key Persons: Particulars of Managing Director, Directors, Secretary and Principal officer(s) who have held the office during the previous year and the details of eligible person who is verifying the return.

S.No.
Name
Designation
Residential Address
PAN
Director Identification Number (DIN) issued by MCA, in case of Director

Shareholders Information: Particulars of persons who were beneficial owners of shares holding not less than 10% of the voting power at any time of the previous year.

S.No.
Name and Address
Percentage of shares held
PAN (if allotted)

Ownership Information: In case of unlisted company, particulars of natural persons who were the ultimate beneficial owners, directly or indirectly, of shares holding not less than 10% of the voting power at any time of the previous year

S.No.
Name Address
Percentage of shares held
PAN (if allotted)

In case of foreign company, please furnish the details of ultimate parent company
- S.No
- Name
- Address
- Country of residence
- PAN (if allotted)
- Taxpayer’s registration number or any unique identification number allotted in the country of residence

In case of Foreign company, please furnish the details of immediate parent company.
- S.No
- Name
- Address
- Country of residence
- PAN (if allotted)
- Taxpayer’s registration number or any unique identification number allotted in the country of residence

Nature of Company and Its Business

Whether a public sector company as defined in section 2(36A) of the Income-tax Act
Whether a company owned by the Reserve Bank of India
Whether a company in which not less than forty percent of the shares are held (whether singly or taken together) by the Government or the Reserve Bank of India or a corporation owned by that Bank
Whether a banking company as defined in clause (c) of section 5 of the Banking Regulation Act,1949
Whether a scheduled Bank being a bank included in the Second Schedule to the Reserve Bank of India Act
Whether a company registered with Insurance Regulatory and Development Authority (established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999)
Whether a company being a non-banking Financial Institution
Whether the company is unlisted? If yes, please ensure to fill up the Schedule SH-1 and Schedule AL-1
Nature of business or profession, if more than one business or profession indicate the three main activities/ products (Other than those declaring Income under section 44AE)

Part A-BS: Balance Sheet as on 31st Day of March 2024 or as on the Date of Amalgamation

I Equity and Liabilities:

1. Shareholder’s fund:
- A Share capital
  - Authorised
  - Issued, Subscribed and fully Paid up
  - Subscribed but not fully paid
  - Total (Aii + Aiii)
- B Reserves and Surplus
- C Money received against share warrant
- D Total Shareholder’s fund (Aiv + Bix + 1C)
2. Share application money pending allotment
3. Non-current liabilities
4. Current liabilities

II Assets
- Non-current Assets
  - Fixed assets
  - Non-current investments
  - Deferred tax assets (Net)
  - Long-term loans and advances
  - Other non-current assets
- Current Assets
  - Current investments
  - Inventories
  - Trade receivables
  - Cash and cash equivalents
  - Short-term loans and advances
  - Other current assets
  - Total Current assets (Aviii + Bviii + Ciii + Dv + Eiii + F)
- Total Assets (1F + 2G)

Part A-BS – Ind AS: Balance Sheet as on 31st Day of March, 2024 or as on the Date of Business Combination [applicable for A Company Whose Financial Statements Are Drawn Up in Compliance to the Indian Accounting Standards Specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015]

I Equity and Liabilities
- Equity
- Liabilities
- Total Equity (Aiv + Biii)
II Assets
- Non-current assets
  - Property, Plant and Equipment
  - Capital work-in-progress
  - Investment Property
  - Goodwill
  - Other Intangible Assets
  - Intangible assets under development
  - Biological assets other than bearer plants
  - Financial Assets
  - Deferred Tax Assets (Net)
  - Other non-current Assets
- Total Non-current assets (Ad + B + Cd + Dc + Ed + F + Gc + HI + HII + HIII + HIV + I + J)
- Current assets
  - Inventories
  - Financial Assets
  - Current Tax Assets (Net)
  - Other current assets
- Total Current assets (2A + 2B + 2C + 2D)
Total Assets (1 + 2)

Part A: Manufacturing Account: Manufacturing Account for the financial year 2023-24 (fill items 1 to 3 in a case where regular books of accounts are maintained, otherwise fill items 61 to 64 as applicable)

Debits to Manufacturing account
Closing Stock
Cost of Goods Produced – transferred to Trading Account (1F – 2)

Part A-Trading Account: Trading Account for the financial year 2023-24 (fill items 4 to 12 in a case where regular books of accounts are maintained, otherwise fill items 61 to 64 as applicable)

Revenue from operations
Closing Stock of Finished Stocks
Total of credits to Trading Account (4D + 5)
Opening Stock of Finished Goods
Purchases (net of refunds and duty or tax, if any)
Direct Expenses (9i + 9ii + 9iii)
Duties and taxes, paid or payable, in respect of goods and services purchased
Cost of goods produced – Transferred from Manufacturing Account
Gross Profit from Business/Profession – transferred to Profit and Loss account (6-7-8-9-10xii11)
Turnover from Intraday Trading
Income from Intraday Trading

Part A-P& L: Profit and Loss Account for the financial year 2023-24 (fill items 13 to 60 in a case where regular books of accounts are maintained, otherwise fill items 61 to 64 as applicable)

Gross profit transferred from Trading Account
Other income
Total of credits to profit and loss account (13+14xii)
Freight outward
Consumption of stores and spare parts
Power and fuel
Rents
Repairs to building
Repairs to machinery
Compensation to employees
Insurance
Workmen and staff welfare expenses
Entertainment
Hospitality
Conference
Sales promotion including publicity (other than advertisement)
Advertisement
Commission
Royalty
Professional / Consultancy fees / Fee for technical services
Hotel, boarding and Lodging
Traveling expenses other than on foreign traveling
Foreign travelling expenses
Conveyance expenses
Telephone expenses
Guest House expenses
Club expenses
Festival celebration expenses
Scholarship
Gift
Donation
Rates and taxes, paid or payable to Government or any local body (excluding taxes on income)
Audit fee
Other expenses (specify nature and amount)
Bad debts (specify PAN of the person, if available, for whom Bad Debt for amount of Rs. 1 lakh or more is claimed and amount)
Provision for bad and doubtful debts
Other provisions
Profit before interest, depreciation and taxes [15 – (16 to 21 + 22xi + 23v + 24 to 29 + 30iii + 31iii + 32iii + 33 to 43 + 44x + 45 + 46iii + 47vii + 48 + 49)]
Interest
Depreciation and amortisation
Net profit before taxes (50 – 51iii – 52)
Provision for current tax
Provision for Deferred Tax and deferred liability
Profit after tax (53 – 54 – 55)
Balance brought forward from previous year
Amount available for appropriation (56 + 57)
Appropriations
Balance carried to balance sheet (58 – 59vi)
COMPUTATION OF PRESUMPTIVE INCOME FROM GOODS CARRIAGES UNDER SECTION 44AE
In case of Foreign Company whose total income comprises solely of profits and gains from business referred to in sections 44B, 44BB, 44BBA or 44BBB, furnish the following information

Part A: Manufacturing Account Ind-AS: Manufacturing Account for the financial year 2023-24 [applicable for a company whose financial statements are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015] (fill items 1 to 3 in a case where regular books of accounts are maintained, otherwise fill items 61 to 64 as applicable)

Debits to Manufacturing account
Closing Stock
Cost of Goods Produced – transferred to Trading Account (1F – 2)

Part A-Trading Account Ind-AS: Trading Account for the financial year 2023-24 [applicable for a company whose financial statements are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015] (fill items 4 to 12 in a case where regular books of accounts are maintained, otherwise fill items 61 to 64 as applicable)

Revenue from operations
Closing Stock of Finished Stocks
Total of credits to Trading Account (4D + 5iv )
Opening Stock of Finished Goods
Purchases (net of refunds and duty or tax, if any)
Direct Expenses (9i + 9ii + 9iii)
Duties and taxes, paid or payable, in respect of goods and services purchased
Cost of goods produced – Transferred from Manufacturing Account
Gross Profit from Business/Profession – transferred to Profit and Loss account (6-7-8-9-10xii11)
Turnover from Intraday Trading
Income from Intraday Trading

Part A-P& L Ind-AS: Profit and Loss Account for the financial year 2023-24 [applicable for a company whose financial statements are drawn
up in compliance to the Indian Accounting Standards specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015]

Gross profit transferred from Trading Account
Other income
Total of credits to profit and loss account (13+14xii)
Freight outward
Consumption of stores and spare parts
Power and fuel
Rents
Repairs to building
Repairs to machinery
Compensation to employees
Insurance
Workmen and staff welfare expenses
Entertainment
Hospitality
Conference
Sales promotion including publicity (other than advertisement)
Advertisement
Commission
Royalty
Professional / Consultancy fees / Fee for technical services
Hotel, boarding and Lodging
Traveling expenses other than on foreign traveling
Foreign travelling expenses
Conveyance expenses
Telephone expenses
Guest House expenses
Club expenses
Festival celebration expenses
Scholarship
Gift
Donation
Rates and taxes, paid or payable to Government or any local body (excluding taxes on income)
Audit fee
Other expenses (specify nature and amount)
Bad debts (specify PAN of the person, if available, for whom Bad Debt for amount of Rs. 1 lakh or more is claimed and amount)
Provision for bad and doubtful debts
Other provisions
Profit before interest, depreciation and taxes [15 – (16 to 21 + 22xi + 23v + 24 to 29 + 30iii + 31iii + 32iii + 33 to 43 + 44x + 45 + 46iii + 47vii + 48 + 49)]
Interest
Depreciation and amortisation
Net profit before taxes (50 – 51iii – 52)
Provision for current tax
Provision for Deferred Tax and deferred liability
Profit after tax (53 – 54 – 55)
Balance brought forward from previous year
Amount available for appropriation (56 + 57)
Appropriations
Balance carried to balance sheet (58 – 59vi)
A Items that will not be reclassified to P&L
B Items that will be reclassified to P&L
Total Comprehensive Income (56 + 61A + 61B)

Part A- OI Other Information (mandatory, if liable for audit under section 44AB, for other fill, if applicable)

Method of accounting employed in the previous year
Is there any change in method of accounting
Increase in the profit or decrease in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column 11a(iii) of Schedule ICDS]
Decrease in the profit or increase in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column 11b(iii) of Schedule ICDS]
Method of valuation of closing stock employed in the previous year
Amounts not credited to the profit and loss account, being
Amounts debited to the profit and loss account, to the extent disallowable under section 36 due to nonfulfilment of condition specified in relevant clauses
Amounts debited to the profit and loss account, to the extent disallowable under section 37
Amounts debited to the profit and loss account, to the extent dis-allowable under section 40
Any amount disallowed under section 40 in any preceding previous year but allowable during the previous year
Amounts debited to the profit and loss account, to the extent disallowable under section 40A
Any amount disallowed under section 43B in any preceding previous year but allowable during the previous year
Any amount debited to profit and loss account of the previous year but disallowable under section 43B
Amount of credit outstanding in the accounts in respect of
Amounts deemed to be profits and gains under section 33AB or 33ABA or 33AC
Any amount of profit chargeable to tax under section 41
Amount of income or expenditure of prior period credited or debited to the profit and loss account (net)
Amount of expenditure disallowed u/s 14A
Whether assessee is exercising option under subsection 2A of section 92CE (Tick) Yes or No

Part A – QD Quantitative details (mandatory, if liable for audit under section 44AB)

In the case of a trading concern
In the case of a manufacturing concern

Part A – OL Receipt and payment account of company under liquidation

Opening balance
Receipts
Total of opening balance and receipts 3
Payments
Closing balance
Total of closing balance and payments (4vi + 5iii)

Schedules To The Return Form (Fill As Applicable)

Schedule HP: Details of Income from House Property (Please refer instructions) (Drop down to be provided indicating ownership of property)

Address of property 1
Address of property 2
Pass through income if any
Income under the head “Income from house property” (1k + 2k + 3) (if negative take the figure to 2i of schedule CYLA)
Note:
- Furnishing of PAN of tenant is mandatory, if tax is deducted under section 194-IB.
- Furnishing of TAN of tenant is mandatory, if tax is deducted under section 194-I.

Schedule BP: Computation of income from business or profession

From business or profession other than speculative business and specified business
Computation of income from speculative business
Computation of income from specified business under section 35AD
Income chargeable under the head ‘Profits and gains from business or profession'(A38+B44+C50)
Computation of Income from life insurance business referred to in section 115B
Intra head set off of business loss of current year

Schedule DPM: Depreciation on Plant and Machinery (Other than assets on which full capital expenditure is allowable as deduction under any other
section)

Block of assets Plant and machinery
Rate (%) 15, 30, 40, 45
Written down value on the first day of previous year
Additions for a period of 180 days or more in the previous year
Consideration or other realization during the previous year out of 3 or 4
Amount on which depreciation at full rate to be allowed (3 + 4 -5) (enter 0, if result is negative)
Additions for a period of less than 180 days in the previous year
Consideration or other realizations during the year out of 7
Amount on which depreciation at half rate to be allowed (7 – 8) (enter 0, if result is negative)
Depreciation on 6 at full rate
Depreciation on 9 at half rate
Additional depreciation, if any, on 4
Additional depreciation, if any, on 7
Additional depreciation relating to immediately preceding year on asset put to use for less than 180 days
Total depreciation (10+11+12+13+14)
Depreciation disallowed under section 38(2) of the I.T. Act (out of column 15)
Net aggregate depreciation (15-16)
Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger etc. (out of column 17)
Expenditure incurred in connection with transfer of asset/ assets
Capital gains/ loss under section 50 (5 + 8 -3 – 4 -7 -19) (enter negative only, if block ceases to exist)
Written down value on the last day of previous year* (6+ 9 -15) (enter 0, if result is negative)

Schedule DOA: Depreciation on other assets (Other than assets on which full capital expenditure is allowable as deduction)

Block of assets Land Building (not including land), Furniture and fittings, Intangible assets Ships
Rate (%) Nil 5,10,40,10,25,20
Written down value on the first day of previous year
Additions for a period of 180 days or more in the previous year
Consideration or other realization during the previous year out of 3 or 4
Amount on which depreciation at full rate to be allowed (3 + 4 -5) (enter 0, if result is negative)
Additions for a period of less than 180 days in the previous year
Consideration or other realizations during the year out of 7
Amount on which depreciation at half rate to be allowed (7-8) (enter 0, if result is negative)
Depreciation on 6 at full rate
Depreciation on 9 at half rate
Total depreciation (10+11)
Depreciation disallowed under section 38(2) of the I.T. Act (out of column 12)
Net aggregate depreciation (12-13)
Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger etc. (out of column 14)
Expenditure incurred in connection with transfer of asset/ assets
Capital gains/ loss under section 50* (5 + 8 -3-4 -7 -16) (enter negative only if block ceases to exist)
Written down value on the last day of previous year* (6+ 9 -12) (enter 0 if result is negative)

Schedule DEP: Summary of depreciation on assets (Other than on assets on which full capital expenditure is allowable as deduction under any other
section)

Plant and machinery
Building (not including land)
Furniture and fittings(Schedule DOA- 14v or 15v as applicable)
Intangible assets (Schedule DOA- 14vi or 15vi as applicable)
Ships (Schedule DOA- 14vii or 15vii as applicable)
Total depreciation ( 1d+2d+3+4+5)

Schedule DCG: Deemed Capital Gains on sale of depreciable assets

Plant and machinery
Building (not including land)
Furniture and fittings ( Schedule DOA- 17v)
Intangible assets (Schedule DOA- 17vi)
Ships (Schedule DOA- 17vii)
Total depreciation ( 1e+2d+3+4+5)

Schedule CG: Capital Gains

Short-term Capital Gains (STCG) (Sub-items 4 & 5 are not applicable for residents)
Long-term capital gain (LTCG) (Sub-items 5, 6, 7, 8 & 9 are not applicable for residents)
Income chargeable under the head “CAPITAL GAINS” (A10 + B13) (take B13 as nil, if loss)
Information about deduction claimed against Capital Gains
Total deduction claimed (1a + 1b + 1c + 1d)

Schedule ESR: Expenditure on scientific Research etc. (Deduction under section 35 or 35CCC or 35CCD)

Sl No
Expenditure of the nature referred to in section
Amount, if any, debited to profit and loss account
Amount of deduction allowable
Amount of deduction in excess of the amount debited to profit and loss account (4) = (3) – (2)

Note: In case any deduction is claimed under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA), please provide the details as per Schedule RA.

Schedule 112A: From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A

S.No
ISI N Code
Name of the Share/ Unit
Name of the Share/ Unit
Sales Price Per Share/ Unit
Full Value Consideration (Total Sale Value )(4*5)
Cost of acquisition without indexation (higher of 8 or 9)
Cost of acquisition
If the long term capital asset was acquired before 01.02.2018, -Lower of 11 & 6
Fair Market Value per share/unit as on 31st January, 2018
Total Fair Market Value of capital asset as per section 55(2)(ac)-(4*10)
Expenditure wholly and exclusively in connection with transfer
Total deductions (7++12)
Balance (6-13) Item 5 of LTCG Schedule of ITR6

Schedule 115AD(1)(b)(iiii)- Proviso: From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A

S.No
ISI N Code
Name of the Share/ Unit
Name of the Share/ Unit
Sales Price Per Share/ Unit
Full Value Consideration (Total Sale Value )(4*5)
Cost of acquisition without indexation (higher of 8 or 9)
Cost of acquisition
If the long term capital asset was acquired before 01.02.2018, -Lower of 11 & 6
Fair Market Value per share/unit as on 31st January, 2018
Total Fair Market Value of capital asset as per section 55(2)(ac)-(4*10)
Expenditure wholly and exclusively in connection with transfer
Total deductions (7++12)
Balance (6-13) Item 5 of LTCG Schedule of ITR6

Schedule OS: Income from other sources

Gross income chargeable to tax at normal applicable rates (1a+ 1b+ 1c+ 1d + 1e)
Income chargeable at special rates (2a+ 2b+ 2c+ 2d + 2e)
Deductions under section 57 (other than those relating to income chargeable at special rates under 2a, 2b & 2d )
Amounts not deductible u/s 58
Profits chargeable to tax u/s 59
Net Income from other sources chargeable at normal applicable rates (1 – 3 + 4 + 5) (If negative take the figure to 4i of schedule CYLA)
Income from other sources (other than from owning and maintaining race horses) (2 +6 )) (enter 6 as nil, if negative)
Income from the activity of owning race horses
Income under the head “Income from other sources” (7 + 8e) (take 8e e as nil if negative)
Information about accrual/receipt of income from Other Sources

Schedule CYLA: Details of Income after Set off of current year losses

Sl.No
Head/ Source of Income
Income of current year (Fill this column only if income is zero or positive)
House property loss of the current year set off
Business Loss (other than speculation or specified business loss) of the current year set off
Other sources loss (other than loss from race horses and amount chargeable to special rate of tax) of the current year set off
Current year’s Income remaining after set off

Schedule BFLA: Details of Income after Set off of Brought Forward Losses of earlier years

Sl.No
Head/ Source of Income
Income after set off, if any, of current year’s losses as per 5 of Schedule CYLA)
Brought forward loss set off
Brought forward depreciation set off
Brought forward allowance under section 35(4) set off
Current year’s income remaining after set off

Schedule CFL: Details of Losses to be carried forward to future years

Sl.No
Assessment Year
Date of Filing (DD/MM/YYYY)
House property loss
Loss from business other than loss from speculative business and specified business
Loss from speculative business
Loss from specified business
Short-term capital loss
Long-term Capital loss
Loss from owning and maintaining race horses

Schedule UD: Unabsorbed depreciation and allowance under section 35(4)

Sl No
Assessment Year
Amount of brought forward unabsorbed depreciation
Amount of depreciation set-off against the current year income
Balance carried forward to the next year
Allowance under section 35(4)
Amount of brought forward unabsorbed allowance
Amount of allowance set-off against the current year income
Balance Carried forward to the next year

Schedule ICDS: Effect of Income Computation Disclosure Standards on profit

Accounting Policies
Valuation of Inventories (other than the effect of change in method of valuation u/s 145A, if the same is separately reported at col. 4d or 4e of Part A-OI)
Construction Contracts
Revenue Recognition
Tangible Fixed Assets
Changes in Foreign Exchange Rates
Government Grants
Securities (other than the effect of change in method of valuation u/s 145A, if the same is separately reported at col. 4d or 4e of Part A-OI)
Borrowing Costs
Provisions, Contingent Liabilities and Contingent Assets
Total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X) (if positive)
Total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X) (if negative)

Schedule 10AA: Deduction under section 10AA

Sl
Undertaking
Assessment year in which unit begins to manufacture/produce/provide services
Sl
Amount of deduction

Schedule 80G: Details of donations entitled for deduction under section 80G

Donations entitled for 100% deduction without qualifying limit
Donations entitled for 50% deduction without qualifying limit
Donations entitled for 100% deduction subject to qualifying limit
Donations entitled for 50% deduction subject to qualifying limit
Total donations (Aiv + Biv + Civ + Div)

Schedule 80GGA: Details of donations for scientific research or rural development

S.No.
Relevant clause under which deduction is claimed (drop down to be provided)
Name and address of donee
PAN of Donee
Amount of donation
Eligible Amount of donation

Schedule RA: Details of donations to research associations etc. [deduction under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA)]

Name and address of donee
PAN of Donee
Amount of donation
Eligible Amount of donation

Schedule 80-IA: Deductions under section 80-IA

Deduction in respect of profits of an enterprise referred to in section 80-IA(4)(i) [Infrastructure facility]
Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(ii) [Telecommunication services]
Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(iii) [Industrial park and SEZs]
Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(iv) [Power]
Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(v) [Revival of power generating plant] and deduction in respect of profits of an undertaking referred to in section 80-IA(4)(vi) [Crosscountry natural gas distribution network]
Total deductions under section 80-IA (a1 + a2 + b1 + b2 + c1 + c2+ d1 + d2+ e1 + e2)

Schedule 80-IB: Deductions under section 80-IB

Deduction in respect of industrial undertaking located in Jammu & Kashmir [Section 80-IB(4)]
Deduction in respect of industrial undertaking located in industrially backward states specified in Eighth Schedule [Section 80-IB(4)]
Deduction in respect of industrial undertaking located in industrially backward districts [Section 80-IB(5)]
Deduction in the case of multiplex theatre [Section 80-IB(7A)]
Deduction in the case of convention centre [Section 80-IB(7B)]
Deduction in the case of company carrying on scientific research [Section 80-IB(8A)]
Deduction in the case of undertaking which begins commercial production or refining of mineral oil [Section 80-IB(9)]
Deduction in the case of an undertaking developing and building housing projects [Section 80-IB(10)]
Deduction in the case of an undertaking operating a cold chain facility [Section 80-IB(11)]
Deduction in the case of an undertaking engaged in processing, preservation and packaging of fruits, vegetables, meat, meat products, poultry, marine or dairy products [Section 80-IB(11A)]
Deduction in the case of an undertaking engaged in integrated business of handling, storage and transportation of food grains [Section 80-IB(11A)]
Deduction in the case of an undertaking engaged in operating and maintaining a rural hospital [Section 80-IB(11B)]
Deduction in the case of an undertaking engaged in operating and maintaining a hospital in any area, other than excluded area [Section 80-IB(11C)
Total deduction under section 80-IB (Total of a1 to m2)

Schedule 80-IC or 80-IE: Deductions under section 80-IC or 80-IE

Deduction in respect of undertaking located in Sikkim
Deduction in respect of undertaking located in Himachal Pradesh
Deduction in respect of undertaking located in Uttaranchal
Deduction in respect of undertaking located in North-East
Total deduction under section 80-IC or 80-IE (a + d + c + dh)

Schedule VI-A Deductions under Chapter VI-A

Part B- Deduction in respect of certain payments
Part C- Deduction in respect of certain incomes
Total deductions under Chapter VI-A (1 + 2)

Schedule SI: Income chargeable to tax at special rates [Please see instruction Number-7(ii) for section and rate of tax] SPECIAL RATE

111A or section 115AD(1)(b)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid)
115AD (STCG for FIIs on securities where STT not paid)
112 proviso (LTCG on listed securities/ units without indexation)
112(1)(c)(iii) (LTCG for non-resident on unlisted securities)
115AB (LTCG for non-resident on units referred in section115AB)
115AC (LTCG for non-resident on bonds/GDR)
115AD (LTCG for FII on securities)
112 (LTCG on others)
112A (LTCG on sale of shares or units on which STT is paid)
STCG chargeable at special rates in India as per DTAA
LTCG Chargeable at special rates in India as per DTAA
115B (Profits and gains of life insurance business)
115AC (Income of a non-resident from bonds or GDR purchased in foreign currency)
115BB (Winnings from lotteries, puzzles, races, games etc.)
115BBD (Dividend received from specified foreign company)
115BBE (Income under section 68, 69, 69A, 69B, 69C or 69D)
115A(1)(b) (Income of a foreign company from Royalty)
115BBF (Tax on income from patent)
115BBG (Tax on income from transfer of carbon credits)
Income from other sources chargeable at special rates in India as per DTAA
Pass Through Income in the nature of Short Term Capital Gain chargeable @ 15%
Pass Through Income in the nature of Short Term Capital Gain chargeable @ 30%
Pass Through Income in the nature of Long Term Capital Gain chargeable @ 10% u/s 112A
Pass Through Income in the nature of Long Term Capital Gain chargeable @ 20%
Pass Through Income in the nature of Long Term Capital Gain chargeable @ 10% other than section 112A
Pass through income in the nature of income from other source chargeable at special rates (Drop down to be provided in e-filing utility
Income received in respect of units purchased in foreign currency by an off-shore fund-115AB(1)
Income from royalty where agreement entered between 31.3.1961 to 31.3.1976 and income from fees for technical services where agreement

Schedule IF: Information regarding investment in unincorporated entities

Sl. No
Name of the entity
Type of the entity
PAN of the entity
Whether the entity is liable for audit? (Yes/No)
Whether section 92E is applicable to entity? (Yes/ No)
Percentage Share in the profit of the entity
Amount of share in the profit
Capital balance on 31st March in the entity

Schedule EI: Details of Exempt Income (Income not to be included in Total Income or not chargeable to tax)

Interest income
i Gross Agricultural receipts (other than income to be excluded under rule 7A, 7B or 8 of I.T. Rules)
ii Expenditure incurred on agriculture
iii Unabsorbed agricultural loss of previous eight assessment years
iv Agricultural income portion relating to Rule 7, 7A, 7B(1), 7B(1A) and 8 (from Sl. No. 40 of Sch. BP) iv
v Net Agricultural income for the year (i – ii – iii + iv) (enter nil if loss)
vi In case the net agricultural income for the year exceeds Rs.5 lakh, please furnish the following details (Fill up details separately for each agricultural land)
Other exempt income (3a+3b)
Income not chargeable to tax as per DTAA
Pass through income not chargeable to tax (Schedule PTI)
Total (1+2+3+4+5+6)

Schedule PTI: Pass Through Income details from business trust or investment fund as per section 115UA, 115UB

Sl.
Name of business trust/investment fund (115UA/115UB)
Name of business trust/ investment fund
PAN of the business trust/ investment fund
Sl.
Head of income
Current of income
Share of Current year loss distributed by Investment fundTDS on such amount, if any
NetIncome/Loss9=7-8
TDS on such amount, if any

Schedule MAT: Computation of Minimum Alternate Tax payable under section 115JB

Whether the Profit and Loss Account is prepared in accordance with the provisions of Parts II of Schedule III to the Companies Act, 2013 (If yes, write ‘Y’, if no write ‘N’)
If 1 is no, whether profit and loss account is prepared in accordance with the provisions of the Act governing such company (If yes, write ‘Y’, if no write ‘N’)
Whether, for the Profit and Loss Account referred to in item 1 above, the same accounting policies, accounting standards and same method and rates for calculating depreciation have been followed as have been adopted for preparing accounts laid before the company at its annual general body meeting? (If yes, write ‘Y’, if no write ‘N’)
Profit after tax as shown in the Profit and Loss Account (enter item 56 of Part A-P&L) )/ (enter item 56 of Part A- P&L Ind AS) (as applicable)
Additions (if debited in profit and loss account)
Deductions
Book profit under section 115JB (4+ 5n – 6l)
Whether the financial statements of the company are drawn up in compliance to the Indian Accounting Standards (Ind-AS) specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015. If yes, furnish the details below:-
- A. Additions to book profit under sub-sections (2A) to (2C) of section 115JB
- B. Deductions from book profit under sub-sections (2A) to (2C) of section 115JB
- C One fifth of the transition amount as referred to in section 115JB (2C) (if applicable)
- D Others (including residual adjustment)
- E Total additions (8a + 8b + 8c + 8d)
Deemed total income under section 115JB (7 + 8e – 8j)
Tax payable under section 115JB

Schedule MATC: Computation of tax credit under section 115JAA

Tax under section 115JB in assessment year 2022-23 (1d of Part-B-TTI)
Tax under other provisions of the Act in assessment year 2022-23 (2f of Part-B-TTI)
Amount of tax against which credit is available [enter (2 – 1) if 2 is greater than 1, otherwise enter 0]
Utilisation of MAT credit Available [Sum of MAT credit utilised during the current year is subject to maximum of amount mentioned in 3 above and cannot exceed the sum of MAT Credit Brought Forward ]
Amount of tax credit under section 115JAA utilised during the year [enter 4(C)xvi]
Amount of MAT liability available for credit in subsequent assessment years [enter 4(D)xvi]

Schedule- BBS: Details of tax on distributed income of a domestic company on buy back of shares, not listed on stock exchange

Date of payments of any consideration to the shareholder on buy back of share
Amount of consideration paid by the company on buy-back of shares
Amount received by the company for issue of such shares
Distributed Income of the company (2 – 3)
Tax payable on distributed income
Interest payable under section 115QB
Additional income-tax and interest payable (5d + 6)
Tax and interest paid
Net payable/refundable (7-8)
- Date(s) of deposit of tax on distribution income
- Name of Bank and Branch
- BSR Code
- Serial number of challan
- Amount deposited

Schedule TPSA: Details of Tax on secondary adjustments as per section 92CE(2A)

1. Amount of primary adjustment on which option u/s 92CE(2A) is exercised & such excess money has not been repatriated within the prescribed time
2.
- a Additional Income tax payable @ 18% on above
- b Surcharge @ 12% on “a”
- c Health & Education cess on (a+b)
- d Total Additional tax payable (a+b+c)
3. Taxes paid
4. Net tax payable (2d-3)
5. Date(s) of deposit of tax on secondary adjustments as per section 92CE(2A)
6. Name of Bank and Branch
7. BSR Code
8. Serial number of challan
9. Amount deposited

Schedule FSI: Details of Income from outside India and tax relief

Sl.
Country Code
Taxpayer Identification Number
Sl.
Head of income
Income from outside India (included in PART BTI)
Tax paid outside India
Tax payable on such income under normal provisions in India
Tax relief available in India (e)= (c) or (d) whichever is lower
Relevant article of DTAA if relief claimed u/s 90 or 90A

Schedule TR: Summary of tax relief claimed for taxes paid outside India

Details of Tax relief claimed
Total Tax relief available in respect of country where DTAA is applicable (section 90/90A) (Part of total of 1(d))
Total Tax relief available in respect of country where DTAA is not applicable (section 91) (Part of total of 1(d))
Whether any tax paid outside India, on which tax relief was allowed in India, has been refunded/credited by the foreign tax authority during the year? If yes, provide the details below
a Amount of tax refunded
b Assessment year in which tax relief allowed in India

Schedule FA: Details of Foreign Assets and Income from any source outside India

Details of Foreign Depository Accounts held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2023
Details of Foreign Custodial Accounts held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2023
Details of Foreign Equity and Debt Interest held (including any beneficial interest) in any entity at any time during the calendar year ending as on 31st December, 2023
Details of Foreign Cash Value Insurance Contract or Annuity Contract held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2023
Details of Financial Interest in any Entity held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2023
Details of Immovable Property held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2023
Details of any other Capital Asset held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2023
Details of account(s) in which you have signing authority held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2023 and which has not been included in A to D above.
Details of trusts, created under the laws of a country outside India, in which you are a trustee, beneficiary or settlor
Details of any other income derived from any source outside India which is not included in,- (i) items A to F above and, (ii) income under the head business or profession

Schedule Sh-1: Shareholding Of Unlisted Company (Other Than A Start-Up For Which Schedule Sh-2 Is To Be Filled Up)

If you are an unlisted company, please furnish the following details;-
Details of shareholding at the end of the previous year
Details of equity share application money pending allotment at the end of the previous year
Details of shareholders who is not a shareholder at the end of the previous year but was a shareholder at any time during the previous year

Schedule Sh-2: Shareholding of Start-Ups

If you are a start-up which has filed declaration in Form-2 under para 5 of DPIIT notification dated 19.02.2020, please furnish the following details of shareholding;-
Details of shareholding as at the end of the previous year
Details of share application money pending allotment as at the end of the previous year
Details of shareholder who is not a shareholder at the end of the previous year but was a shareholder at any time during the previous year

Schedule AL-1: Assets and liabilities as at the end of the year (mandatorily required to be filled up by an unlisted company) (other than a start-up for which Schedule AL-2 is to be filled up)

Details of building or land appurtenant there to, or both, being a residential house
Details of land or building or both not being in the nature of residential house
Details of listed equity shares
Details of unlisted equity shares
Details of other securities
Details of capital contribution to other entity
Details of Loans & Advances to any other concern (If money lending is not assessee’s substantial business)
Details of motor vehicle, aircraft, yacht or other mode of transport
Details of Jewellery, archaeological collections, drawings, paintings, sculptures, any work of art or bullion
Details of liabilities

Schedule AL-2: If you are a start-up which has filed declaration in Form-2 under para 5 of DPIIT notification dated 19.02.2019, please furnish the following information for the period from the date of incorporation upto end of the year;-

Details of building or land appurtenant there to, or both, being a residential house acquired since incorporation
Details of land or building or both not being a residential house acquired since incorporation
Details of Loans & Advances made since incorporation (If lending of money is not assessee’s substantial business)
Details of capital contribution made to any other entity since incorporation
Details of acquisition of shares and securities
Details of motor vehicle, aircraft, yacht or other mode of transport, the actual cost of which exceeds ten lakh rupees acquired since incorporation
Details of Jewellery acquired since incorporation
Details of archaeological collections, drawings, paintings, sculptures, any work of art or bullion acquired since incorporation
Details of liabilities

Schedule GST: Information Regarding Turnover/Gross Receipt Reported For GST

Sl. No.
GSTIN No(s).
Annual value of outward supplies as per the GST return(s) filed

Schedule FD: Break-up of payments/receipts in Foreign currency (to be filled up by the assessee who is not liable to get accounts audited u/s
44AB)

Payments made during the year on capital account
Payments made during the year on revenue account
Receipts during the year on capital account
Receipts during the year on revenue account

Part B – TI Computation of total income

Income from house property ( 4 of Schedule-HP) (enter nil if loss)
Profits and gains from business or profession
Capital gains
Income from other sources
Total of head wise income (1 + 2v + 3c + 4d)
Losses of current year to be set off against 5 (total of 2xvii, 3xvii and 4xvii of Schedule CYLA)
Balance after set off current year losses (5 – 6) (total of column 5 of schedule CYLA + 4b + 2iv)
Brought forward losses to be set off against 7 (total of 2xvi, 3xvi and 4xvi of Schedule BFLA)
Gross Total income (7 – 8) ( 5xvii of Schedule BFLA + 4b + 2iv)
Income chargeable to tax at special rate under section 111A, 112, 112A etc. included in 9
Deductions under Chapter VI-A
Deduction u/s 10AA (c of Sch. 10AA)
Total income (9 – 11c – 12)
Income chargeable to tax at special rates (total of (i) of schedule SI)
Income chargeable to tax at normal rates (13 – 14)
Net agricultural income( 3 of Schedule EI)
Losses of current year to be carried forward (total of xi of Schedule CFL)
Deemed total income under section 115JB (9 of Schedule MAT)

Part B – TTI Computation of tax liability on total income

Tax Payments

1
- a Tax Payable on deemed total Income under section 115JB (10 of Schedule MAT)
- b Surcharge on (a) above (if applicable)
- c Health and Education Cess @ 4%on (1a+1b)
- d Total Tax Payable u/s 115JB (1a+1b+1c)
Tax payable on total income
Gross tax payable (higher of 1d and 2f)
Credit under section 115JAA of tax paid in earlier years (if 2f is more than 1d)( 5 of Schedule MATC)
Tax payable after credit under section 115JAA [ (3 – 4)]
Tax relief
Net tax liability (5 – 6c) (enter zero if negative)
Interest and fee payable
Aggregate liability (7 + 8e)
Taxes Paid
Amount payable (9 – 10e) (Enter if 9 is greater than 10e, else enter 0)
Refund (If 10e is greater than 9) (Refund, if any, will be directly credited into the bank account)
Do you have a bank account in India (Non- Residents claiming refund with no bank account in India may select No)
Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) (In case of non-residents, details of any one foreign Bank Account may be furnished for the purpose of credit of refund)
Do you at any time during the previous year
- Hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India
- Have signing authority in any account located outside India; or
- Have income from any source outside India?

15 Tax Payments

Details of payments of Advance Tax and Self-Assessment Tax
Details of Tax Deducted at Source (TDS) on Income [As per Form 16 A issued or Form 16B/16C furnished by Deductor(s)]
Details of Tax Collected at Source (TCS) [As per Form 27D issued by the Collector(s)]

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Verification

I,__________________ son/ daughter of _____________, solemnly declare that to the best of my knowledge and belief, the information given in the return and the schedules thereto is correct and complete is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making this return in my capacity as ________________ (drop down to be provided and I am also competent to make this return and verify it. I am holding permanent account number (if allotted) (Please see instruction). I further declare that the critical assumptions specified in the agreement have been satisfied and all the terms and conditions of the agreement have been complied with. (Applicable, in a case where return is furnished under section 92CD).
Date: __________ Sign here: ________