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Income Tax Return 6 (ITR 6) is a meticulously structured form that facilitates the reporting of income and tax information for companies. 

The ITR 6 filing is divided into two major parts, Part A and Part B, each comprising several subsections and schedules designed to capture specific details. Here’s a detailed breakdown:

✔ Part A and Its Subsections

• General Information: In this subsection, you are required to furnish fundamental details of the entity, including the name, PAN number, address, CIN (Corporate Identification Number), incorporation date, and more.

• Trading Account: This sub-section focuses on income and expenditure related to the company’s trading activities.

• Balance Sheet: Part A includes a section dedicated to the balance sheet, which outlines the company’s liabilities, current liabilities, share capital, and more.

• Manufacturing Account: Here, you must provide figures concerning the manufacturing account, particularly information about inventory, such as opening stock, closing stock, and the cost of goods produced.

• Profit and Loss Account: This subsection requires details of the company’s profit or loss during the relevant financial year.

✔ Part B and Its Subsections

• Part B-TI: Computation of Total Income
• Part B-TTI: Computation of Tax Liability of Total Income

✔ Schedules in ITR 6 and Their Purpose:

• Bank Account Details: General banking information.
• Schedule –HP: For computing income under the head “Income from House Property.”
• Schedule –BP: For calculating income under the head “Profit and Gains from Business and Profession.”
• Schedule –DPM: Used for calculating depreciation on plant and machinery.
• Schedule –DOA: Provides a summary of depreciation on all assets.
• Schedule –DCG: Calculates deemed capital gains on the sale of depreciable assets.
• Schedule –ESR: Covers deductions under section 35, specifically expenditure on scientific research.
• Schedule –CG: Calculates income under the head “Capital Gains.”
• Schedule –OS: Used to calculate income from other sources.
• Schedule –CYLA: Calculates income after setting off the current year’s loss.
• Schedule –BFLA: Calculates income after setting off the unabsorbed loss from the previous year.
• Schedule –CFL: Provides a statement of loss to be carried forward to future years.
• Schedule –UD: Details unabsorbed depreciation and allowances.
• Schedule –ICDS: Focuses on income computation disclosure standards related to profits.
• Schedule –10AA: Covers deductions under section 10AA.
• Schedule –80G: Details deductions under section 80G related to donations.
• Schedule –80 GGA: Reports donations for scientific research and rural development.
• Schedule –VIA: Provides a statement of deductions from total income under Chapter VI-A.
• Schedule –SI: Contains details of income subject to special tax rates.
• Schedule –PTI: Covers information on income passed through business trusts or investment funds.
• Schedule –EI: Provides a statement of exempted incomes.
• Schedule –MAT: Details tax payable under section 115JB (Minimum Alternate Tax).
• Schedule –DDT: Reports tax paid on dividends (Dividend Distribution Tax).
• Schedule –BBS: Contains details of tax-distributed income on share buybacks.
• Schedule –ESI: Reports foreign incomes and related tax relief.
• Schedule –IT: Provides details on advance tax paid and self-assessment tax.
• Schedule –TDS: Details Tax Deducted at Source (TDS) on incomes other than salaries.
• Schedule –TCS: Provides a statement of Tax Collected at Source (TCS).
• Schedule –FSI: Reports income accruing outside India.
• Schedule –TR: Contains details of tax relief claimed for foreign tax paid.
• Schedule –FA: Comprehensive information on foreign assets and foreign income.
• Schedule –SH1: Details of shareholding for unlisted companies.
• Schedule –SH2: Provides shareholding details for start-ups.
• Schedule –AL1: A statement of assets and liabilities at the end of the year.
• Schedule –GST: Reports turnover for Goods and Services Tax (GST).
• Schedule –FD: Details of payments and receipts in foreign currency.