ITR-6 Return Filing in dhanbad
ITR-6 return must be filed by all companies registered in India before 31st October. Failure to file income tax return for a company can lead to penalty and disallowance of loss carry forward, if any.
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ITR 6 Return Filing in Dhanbad
Companies registers under the Companies Act 2013 or Companies Act 1956 irrespective of the structure are required to file ITR 6 returns in Dhanbad. But for the companies with income coming from a charitable or religious organization are not required to file ITR 6 returns in Dhanbad as they are exempted under Section 11.
Structure of ITR 6 return filing in Dhanbad:
ITR 6 Form is divided into two parts Part A and Part B with multiple schedules that include information which is related to income and the tax of the assessee.
Part A and its subsections
General information
Here the basic details of the firm such as the name, PAN number, CIN, Incorporation date should be mentioned.
Trading Account
This Sub-section requires details regarding the income and expenditure of the Company.
Balance sheet
In this subsection details regarding the balance sheet of the company such as the liabilities, current liabilities, share capital, and more is required
Manufacturing Account
This sub-section requires the figures related to manufacturing accounts relating to inventory such as opening stock, closing stock, and cost of goods that are produced.
Profit and Loss Account
This Subsection is to be filled details relating to the profits of the Company or the incurred loss during the relevant financial year.
Part B and its subsections
Part B - TI
Computation of the Total Income
Part B - TTI
Computation of the tax liability of the Total Income.
There are various schedules, you can click here to know more.
What is the correct sequence to file ITR 6?
ITR 6 Should be filed in the following sequence:
ITR 6 filing in Dhanbad is completely an online process and has to be furnished electronically using the Digitial Signature certificate of the assessee.