What is ITR-6 (Income Tax Return for Companies)?

ITR-6 is the comprehensive annual tax return for companies. It captures the company's income, deductions, tax computation, and details required by the Income Tax Department.

**Key schedules in ITR-6**

- Schedule P&L: Profit and loss account figures - Schedule BS: Balance sheet items - Schedule BP: Business/professional income computation - Schedule CG: Capital gains - Schedule HP: House property income - Schedule OS: Other sources - Schedule VIA: Deductions under Chapter VIA (80G, 80IC, etc.) - Schedule MAT/AMT: Minimum Alternate Tax computation - Schedule SI: Income taxable at special rates - Schedule FSI: Income from outside India - Schedule TR: Tax relief claimed under DTAA - Schedule 115BAA/BAB: Concessional tax rate election

**Filing process**

1. Download the ITR-6 utility from incometax.gov.in 2. Fill in financial data (imported from audited P&L and balance sheet) 3. Compute tax under the chosen regime 4. Upload and e-verify using director's DSC (USB token)

**Prerequisites**

- Statutory audit completed (all companies except small companies — though most opt for audit for banking/compliance purposes) - Tax audit under Section 44AB completed if turnover exceeds INR 1 crore (non-cash) or INR 10 crore (all transactions) - Form 3CD (Tax Audit Report) filed before or with ITR - Form 3CEB filed for transfer pricing if applicable

**Revised return**

A revised ITR-6 can be filed up to 31 December of the AY (12 months after the due date) to correct any errors or omissions in the original return.

**Scrutiny and assessment**

The CBDT uses AI-based risk scoring to select returns for scrutiny assessment. Faceless assessments (no physical interface) are now the norm under the Faceless Assessment Scheme 2019.