ITR-6 Return Filing

Q: What is the corporate tax rate in India?

Section 115BAA: 22% (effective 25.17%). Old regime: 25% for turnover up to ₹400 crore, 30% above. New manufacturing companies: 15% under Section 115BAB. Foreign companies: 40%.

Q: What is Minimum Alternate Tax (MAT) and who does it apply to?

MAT under Section 115JB applies to companies not under concessional regimes, levied at 15% of book profit. MAT credit can be carried forward for 15 years to offset against future regular tax liability.

Q: Is a statutory audit mandatory for filing ITR-6?

Yes. All companies must be audited under the Companies Act. Companies above ₹1 crore turnover also need a tax audit under Section 44AB. Form 3CA and 3CD must be uploaded before filing ITR-6.

Q: What is the ITR-6 filing due date and what are the penalties for late filing?

31 October for all companies; 30 November for transfer pricing cases. Late filing attracts ₹5,000 fee under Section 234F plus interest under Sections 234A, 234B, and 234C.

Q: Does a newly incorporated company with no income need to file ITR-6?

Yes. All companies must file ITR-6 every year regardless of income or activity. A nil return must be filed. Non-filing attracts late fees and compliance risks.

Income Tax Return for Companies — Private Limited, Public Limited, OPC, and Foreign Companies in India

ITR-6 is the mandatory income tax return form for all companies registered under the Companies Act — including private limited companies, public limited companies, One Person Companies (OPCs), and foreign companies — except those claiming exemption under Section 11 (religious or charitable purpose), which use ITR-7. ITR-6 must be filed electronically and requires digital signature authentication by a director.

Companies are required to have their accounts audited under the Companies Act and, if applicable, under Section 44AB of the Income Tax Act. The ITR-6 filing must be consistent with the audited financial statements, tax audit report (Form 3CA and Form 3CD), and the computation of income. Our ITR-6 service covers the complete tax return cycle from income computation to e-filing. For firms and LLPs, see our ITR-5 filing service.

Our ITR-6 Filing Services

Company Income Computation

Computing total income — business profits, capital gains, and other income — with all allowable deductions, depreciation under the Income Tax Act, and disallowances correctly identified.

MAT Computation (Section 115JB)

Computing Minimum Alternate Tax under Section 115JB and comparing with regular tax liability — ensuring the higher of the two is correctly reflected and MAT credit entitlement is tracked.

Depreciation Schedule

Preparing the Income Tax depreciation schedule — block-of-assets method — reconciled with Companies Act depreciation in Schedule II, identifying timing differences for deferred tax.

Transfer Pricing Compliance

Identifying international transactions requiring transfer pricing documentation and Form 3CEB, and coordinating with the transfer pricing accountant for timely submission before the ITR-6 due date.

Tax Audit Coordination

Coordinating with the statutory auditor for Form 3CA and Form 3CD preparation and upload — a prerequisite for filing ITR-6 for companies with turnover above ₹1 crore.

Digital Signature Filing

E-filing of ITR-6 with mandatory digital signature of a responsible director or key managerial person — within the prescribed due date of 31 October for companies requiring audit.

Key Facts About Company Income Tax Filing

All companies must file ITR-6 — it is mandatory regardless of profit, loss, or turnover
The due date for companies is 31 October of the assessment year (all companies require audit)
Companies are taxed at 22% under the new regime (Section 115BAA) or 25%/30% under the old regime
Minimum Alternate Tax (MAT) under Section 115JB is levied at 15% of book profit if regular tax is lower
ITR-6 must be filed with a Digital Signature Certificate (DSC) — physical signature is not accepted
Companies with international transactions must file Form 3CEB (transfer pricing certificate) by 31 October
Domestic companies with turnover above ₹400 crore are subject to 30% tax rate under the old regime

Frequently Asked Questions

What is the corporate tax rate in India?

Domestic companies can opt for the concessional rate of 22% under Section 115BAA (plus 10% surcharge and 4% cess, effective rate of 25.17%) by giving up specified deductions and exemptions. Under the old regime, the tax rate is 25% for domestic companies with turnover up to ₹400 crore and 30% for those above ₹400 crore. New manufacturing companies incorporated after 1 October 2019 can opt for 15% under Section 115BAB. Foreign companies are taxed at 40%.

What is Minimum Alternate Tax (MAT) and who does it apply to?

MAT under Section 115JB applies to all companies (except those under Section 115BAA or 115BAB concessional regimes) and ensures that companies with large book profits but low taxable income pay a minimum tax. MAT is levied at 15% of book profit as per the profit and loss account prepared under the Companies Act. If MAT exceeds regular tax, the difference is the MAT payable and can be carried forward as MAT credit for 15 years.

Is a statutory audit mandatory for filing ITR-6?

Yes. All companies must have their financial statements audited under the Companies Act, 2013. Additionally, companies with turnover above ₹1 crore are required to have their accounts audited under Section 44AB of the Income Tax Act. The tax audit report (Form 3CA and Form 3CD) must be uploaded on the income tax portal before the company can file ITR-6. The due date for both the audit and ITR-6 is 31 October.

What is the ITR-6 filing due date and what are the penalties for late filing?

The ITR-6 due date for all companies is 31 October of the assessment year (since all companies require audit). For companies with international transactions requiring a transfer pricing report, the due date is 30 November. Late filing attracts a fee of ₹5,000 under Section 234F plus interest on outstanding tax under Sections 234A, 234B, and 234C. A company that fails to file ITR-6 also faces consequences under the Companies Act for non-compliance with financial reporting obligations.

Does a newly incorporated company with no income need to file ITR-6?

Yes. All companies — regardless of whether they have any income, profit, or business activity during the year — must file ITR-6 for each financial year of their existence. A company with no income still files a nil return. Failure to file ITR-6 for even a zero-income year attracts late fees and increases the risk of the company being flagged as non-compliant by the income tax department, which can complicate future transactions and regulatory matters.

Company Tax Returns — Accurate, Audited, and On Time

Expert ITR-6 preparation for private limited, public limited, OPC, and foreign companies in India.