ITR-6

GargeFilings: ITR-6 Filing Services

About GargeFilings: GargeFilings is a premier provider of tax and compliance services, dedicated to simplifying the process of filing income tax returns (ITRs) for businesses and corporate entities. Our experienced team ensures accurate and timely submission of ITR-6, helping your company stay compliant with the regulations and optimizing tax benefits.

ITR-6 Filing Services: Income Tax Return (ITR) Form 6 is designed for companies other than those claiming exemption under Section 11 (income from property held for charitable or religious purposes). GargeFilings offers comprehensive assistance in filing ITR-6, ensuring adherence to the latest tax laws and regulations.

Who Can File ITR-6:

• Companies other than those claiming exemption under Section 11.

Who Cannot File ITR-6:

• Companies claiming exemption under Section 11 (income from property held for charitable or religious purposes).

Required Documents and Information for ITR-6 Filing: To ensure a smooth and accurate filing process, GargeFilings requires the following documents and information from clients:

Basic Information:

• PAN card of the company.
• Certificate of Incorporation.
• Address and contact details of the company.

Financial Statements:

• Balance sheet as on 31st March of the financial year.
• Profit and loss statement for the financial year.

Audit Reports:

• A copy of the audit report under Section 44AB and other applicable sections, if the company is subject to audit.

Bank Account Details:

• Details of all bank accounts held during the financial year, including bank statements.

Tax Payment Details:

• Challan copies of advance tax and self-assessment tax payments.
• Details of TDS deducted and TDS credit available.

Income Details:

• Details of income from business or profession.
• Income from other sources such as interest, dividends, capital gains, etc.

Deductions and Exemptions:

• Details of deductions under Chapter VI-A, such as Sections 80G, 80IA, etc.
• Details of exemptions claimed, if any.

Foreign Assets and Income:

• Details of any foreign assets and income, if applicable.

Other Relevant Documents:

• Information about shareholders, including their shareholding pattern.
• Details of loans, advances, and investments.

How GargeFilings Can Help:

• Consultation: Providing expert advice on eligibility for deductions, exemptions, and other tax-saving measures.
• Document Verification: Assisting in the collection and verification of necessary documents and information.
• Accurate Filing: Ensuring accurate data entry and preparation of the ITR-6 as per prescribed formats.
• Timely Submission: Ensuring that the ITR-6 is filed well before the due date to avoid interest and penalties.
• Post-Filing Support: Providing assistance with any queries or issues that may arise after filing, including responses to notices from the Income Tax Department.

Due Dates for ITR-6 Filing:

• Non-Audit Cases: 31st July of the assessment year.
• Audit Cases: 30th September of the assessment year.

Consequences of Non-Compliance:

• Interest: Interest is levied for late filing under Section 234A, 234B, and 234C.
• Penalty: A penalty of ₹5,000 may be levied for late filing of the return under Section 234F. If the return is filed after 31st December of the assessment year, the penalty may increase.
• Loss of Benefits: Certain deductions and exemptions may not be available if the return is not filed on time.

Why Choose GargeFilings:

• Expertise: Our team of tax professionals is well-versed in the complexities of corporate tax laws.
• Accuracy: We ensure precise data entry and thorough verification to avoid errors and discrepancies.
• Compliance: We keep up-to-date with the latest tax regulations to ensure your company remains compliant.
• Efficiency: Our streamlined process ensures timely filing, minimizing the risk of penalties.
• Support: We provide continuous support throughout the filing process and beyond, addressing any issues that arise.

With GargeFilings, you can be assured of a seamless and accurate ITR-6 filing experience. Our commitment to professionalism and attention to detail ensures that your tax return is in full compliance with the latest regulations, maximizing your benefits and minimizing your stress. Trust GargeFilings to be your reliable partner in managing your tax obligations efficiently.