Income Tax Return (ITR) 6 Form In Nagpur
Companies registers under the Companies Act 2013 or Companies Act 1956 irrespective of the structure are required to file ITR 6 returns in Nagpur. But for the companies with income coming from a charitable or religious organization are not required to file ITR 6 returns in Nagpur as they are exempted under Section 11.
Structure of ITR 6 return filing in Nagpur:
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
Here the basic details of the firm such as the name, PAN number, CIN, Incorporation date should be mentioned.
This Sub-section requires details regarding the income and expenditure of the Company.
In this subsection details regarding the balance sheet of the company such as the liabilities, current liabilities, share capital, and more is required
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:
- Part A
- Part B
ITR 6 filing in Nagpur is completely an online process and has to be furnished electronically using the Digitial Signature certificate of the assessee.