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ITR-6 Income Tax Return Filing Company

🔷 Overview

Income Tax Return Filing is a mandatory compliance requirement for individuals, businesses, and organizations. It helps in tax refunds, loan approvals, financial credibility, and avoiding legal penalties. Company Mitra ensures a hassle-free ITR filing experience by handling documentation, computation, and filing within the deadlines.

🔷 Requirements

PAN Card of the taxpayer
Aadhaar Card (for individuals)
Bank Account Details
Income Proofs (Salary Slips, Profit & Loss Statements, Rental Income, etc.)
Investment & Deduction Proofs (80C, 80D, etc.)
Form 16 / 16A (For salaried employees & TDS certificates)
GST Details (if applicable)
Business-related documents (for businesses & professionals)

🔷 Benefits

Avoids Late Fees & Penalties – Timely filing ensures no extra fines.
Claim Tax Refunds Faster – Get excess tax deducted refunded quickly.
Legal Compliance – Mandatory for individuals and businesses above the exemption limit.
Required for Loans & Financial Transactions – ITR acts as an income proof for loans, credit cards, and visas.
Carry Forward Losses – Helps businesses offset losses against future profits.

Types of ITR Forms:

There are different ITR forms based on your income sources and complexity:

ITR-1: Used by salaried individuals with income from one source (salary) and no capital gains.
ITR-2: Used by individuals with income from salary, house property, interest, capital gains, etc.
ITR-3: Used by individuals and Hindu Undivided Families (HUFs) with business or profession income.
ITR-4: Used by individuals and HUFs with presumptive income from sources like agriculture, pension, etc.
ITR-U: Used to update a previously filed ITR within 24 months of the relevant assessment year.

Due Dates for Filing:

Individuals and entities not liable for tax audit: July 31st of the assessment year.
Taxpayers covered under the tax audit (other than transfer pricing cases): October 31st of the assessment year.
Taxpayers covered under transfer pricing: November 30th of the assessment year.
Belated return (before December 31st): Penalty applicable.

Penalties for Late Filing:

Up to Rs. 5,000: If total income exceeds Rs. 5 lakh.
Rs. 1,000: If total income is less than Rs. 5 lakh.
Interest at 1% per month on the tax due from the original due date until the date of payment.

Document Required

Documents Required
- Documents Required

Professional Fees

~~₹5,000.00~~ ₹2,500.00

Additional Cost

Process time

⏳ Processing Time: ITR will be uploaded within 24 hrs of acceptance of work, depending on document verification and tax computation.

Steps

🔷 Steps for ITR uploading with Company Mitra

⏬ Step 1: Consultation & Tax Review – We assess your income sources, deductions, and applicable tax slabs.

⏬ Step 2: Document Collection & Verification – We gather your income statements, deductions, and supporting documents.

⏬ Step 3: Tax Computation & Review – We calculate total tax liability, deductions, and potential refunds.

⏬ Step 4: Draft ITR Preparation & Approval – We prepare your ITR draft and get your confirmation before filing.

⏬ Step 5: uploading – We upload the ITR with the Income Tax Department and generate the acknowledgment within 24 hrs.

⏬ Step 6: Acknowledgment & Tracking – We provide you with an ITR-V acknowledgment and track the processing status.

FAQ

👉 Who is required to file an ITR?
Any individual, business, or organization whose income exceeds the exemption limit must file an ITR.

👉 Can I file ITR if I have no taxable income?
Yes, filing zero-tax returns helps maintain financial records for future loan approvals and visa applications.

👉 What happens if I miss the ITR filing deadline?
Late filings attract penalties, interest on tax dues, and loss of carry-forward benefits.

👉 How do I claim a refund for excess tax paid?
By filing your ITR, the IT Department automatically processes refunds for TDS deductions & overpaid taxes.

👉 Do I need to file ITR if my income is below the taxable limit?
No, but it is recommended to maintain financial records and eligibility for future loans.

👉 What is the penalty for late ITR filing?
The penalty can range from ₹1,000 to ₹10,000, depending on income levels.

👉 Can I revise my ITR after filing?
Yes, revised ITRs can be filed within the allowed time frame if errors are found.

👉 Is Aadhaar mandatory for filing ITR?
Yes, linking PAN with Aadhaar is mandatory for ITR filing(Adhaar-Pan linking penalty is 1000).

👉 How long does it take for the tax refund to be processed?
Typically, 30 to 60 days, depending on Income Tax Department processing.

👉 Can salaried employees file their own ITR?
Yes, but professional filing ensures accuracy, maximized deductions, and compliance.

👉 Does Company Mitra provide post-filing support?
Yes, we offer post-filing assistance, refund tracking, and compliance guidance.

Compliances

🔹 15th September 2025 (Extended from 31st July 2025)
Applicable to: Individuals & HUFs (not subject to audit)
ITR Forms: ITR-1, ITR-2, ITR-3, ITR-4

🔹 31st October 2025
Applicable to:

Businesses & Professionals (subject to audit)
Companies
ITR Forms: ITR-3, ITR-5, ITR-6

🔹 30th November 2025
Applicable to: Entities required to file Transfer Pricing Report (Form 3CEB)
ITR Forms: ITR-3, ITR-5, ITR-6

🔹 31st December 2025
Applicable to: Belated or Revised ITR
ITR Forms: As applicable

Types of ITR Forms

🔸 ITR-1 (Sahaj) – For salaried individuals with total income up to ₹50 lakh
🔸 ITR-2 – For individuals/HUFs with income from capital gains, foreign assets, etc.
🔸 ITR-3 – For individuals/HUFs having income from business/profession
🔸 ITR-4 (Sugam) – For individuals, HUFs & firms under presumptive taxation scheme
🔸 ITR-5 – For partnership firms, LLPs, AOPs, BOIs, etc.
🔸 ITR-6 – For companies (except those claiming exemption under Section 11)
🔸 ITR-7 – For charitable trusts, political parties, research institutions, etc.

Penalties

📌 Penalty for Late Filing

Filed after 31st July 2024 but before 31st December 2024
- Penalty: ₹5,000
- If total income is below ₹5 lakh: ₹1,000
Filed after 31st December 2024
- Penalty: As per the discretion of the Income Tax Department

📌 Interest on Late Payment (Section 234A, 234B & 234C)

Section 234A (Delay in Filing ITR with Tax Due)
- Interest at 1% per month or part thereof on unpaid tax
- Applicable from 1st August 2024 until the date of payment
Section 234B (Advance Tax Not Paid or Paid Less Than 90%)
- Interest at 1% per month or part thereof on unpaid tax
- Calculated from 1st April 2024 till the date of payment
Section 234C (Delay in Advance Tax Payment)
- Interest at 1% per month if advance tax is not paid as per schedule
- Due dates for advance tax: 15th June, 15th September, 15th December, 15th March