ITR-6 — Company Return
The corporate return, with the regime chosen.
Every company other than one claiming exemption under section 11 files ITR-6, electronically and under digital signature, by 31 October where audit applies.
The decision with the most money in it is the regime. Section 115BAA offers 22% plus surcharge and cess with most deductions given up and no MAT; 115BAB offers 15% for a new manufacturing company. Once opted into, neither can be withdrawn.
Where the ordinary regime is retained, minimum alternate tax under section 115JB has to be computed on book profit, and the MAT credit tracked forward for fifteen years.
What is included
- Regime comparison across 115BAA, 115BAB and the ordinary rates
- MAT computation and credit tracking where applicable
- Tax audit and 3CEB schedules integrated
- ITR-6 filed under digital signature
What we need from you
- Audited financial statements and the auditor's report
- Tax audit report in 3CA/3CD
- Details of any related-party transactions
- Brought-forward losses and MAT credit
Questions
Should my company opt for section 115BAA?
Usually yes if you have no significant deductions or brought-forward MAT credit — 22% beats 30% plainly. It is a one-way door, though: once exercised the option cannot be withdrawn, and you give up most incentive deductions and any unused MAT credit.
Also in Income tax
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Get started with ITR-6 — Company Return
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