Written By: Mobin
The revised ITR-6 form is mandatory from April 1, 2025, for companies filing income tax returns. Check if your business is affected!
Applies to all companies except those claiming exemption under Section 11 of Income Tax Act, 1961. Verify your eligibility now.
Aims to increase transparency and prevent tax evasion. Companies must disclose detailed financials for better compliance.
– Split capital gains (pre & post 23.07.2024) – Report capital losses from share buybacks – Enhanced disclosures (PAN, CIN, incorporation date)
Companies must declare: Domestic/Foreign status Name changes (if any) Business commencement date Registered office details
– Section 44BBC (business income) – Rule 10TIA (diamond sales profit) – TDS reporting updates
Review the revised ITR-6 form immediately! Ensure accurate filings to avoid penalties. Stay compliant with CBDT’s latest rules.