{"id":13050,"date":"2020-09-16T17:56:55","date_gmt":"2020-09-16T12:26:55","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=13050"},"modified":"2020-09-16T17:57:05","modified_gmt":"2020-09-16T12:27:05","slug":"form-itr-6","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/","title":{"rendered":"Form ITR 6: Concept and Amendments Made for the F.Y. 2019-20"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The term \u201c<strong><em>Form ITR 6<\/em><\/strong>\u201d denotes an <strong><em>Income\nTax Return<\/em><\/strong> filed by the <strong><em>companies<\/em><\/strong> that are <strong><em>not\nclaiming exemption<\/em><\/strong> under <strong><em>section 11<\/em><\/strong> of the Income Tax Act 1961.\nFurther, section 11 of the act deals with the <strong><em>Income from Property<\/em><\/strong> held\nfor a <strong><em>Religious<\/em><\/strong> and <strong><em>Charitable purpose<\/em><\/strong>.<\/p>\n\n\n\n<p>In this blog, we will discuss the concept of <strong><em>Form\nITR 6<\/em><\/strong>, together with the <strong><em>amendments <\/em><\/strong>made and its <strong><em>procedure\nfor filing online<\/em><\/strong>. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a774e301b5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a774e301b5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Meaning_of_Income_Tax_Return\" title=\"Meaning of Income Tax Return\">Meaning of Income Tax Return<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Brief_Summary_of_the_Form_ITR_1_to_5_and_7\" title=\"Brief Summary of the Form ITR 1 to 5 and 7\">Brief Summary of the Form ITR 1 to 5 and 7<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Form_ITR_1\" title=\"Form ITR 1\">Form ITR 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Form_ITR_2\" title=\"Form ITR 2\">Form ITR 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Form_ITR_3\" title=\"Form ITR 3\">Form ITR 3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Form_ITR_4\" title=\"Form ITR 4\">Form ITR 4<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Form_ITR_5\" title=\"Form ITR 5\">Form ITR 5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Form_ITR_7\" title=\"Form ITR 7\">Form ITR 7<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Who_are_all_Eligible_to_File_Form_ITR_6\" title=\"Who are all Eligible to File Form ITR 6?\">Who are all Eligible to File Form ITR 6?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Who_are_all_not_Eligible_to_File_Form_ITR_6\" title=\"Who are all not Eligible to File Form ITR 6?\">Who are all not Eligible to File Form ITR 6?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Due_Dates_for_Filing_Form_ITR_6\" title=\"Due Dates for Filing Form ITR 6\">Due Dates for Filing Form ITR 6<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Amendments_Made_in_ITR_Form_6\" title=\"Amendments Made in ITR Form 6\">Amendments Made in ITR Form 6<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#New_Disclosure_Criteria\" title=\"New Disclosure Criteria\">New Disclosure Criteria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Insertion_of_Point_11_Da_and_17\" title=\"Insertion of Point 11 (Da) and 17\">Insertion of Point 11 (Da) and 17<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Point_11\" title=\"Point 11\">Point 11<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Sub_Point_DA\" title=\"Sub Point DA\">Sub Point DA<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Point_17\" title=\"Point 17\">Point 17<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Introduction_of_New_Schedule_112A\" title=\"Introduction of New Schedule 112A\">Introduction of New Schedule 112A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Introduction_of_New_Schedule_115AD_1_b_iii_Proviso\" title=\"Introduction of New Schedule 115AD\n(1) (b) (iii) Proviso\">Introduction of New Schedule 115AD\n(1) (b) (iii) Proviso<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Introduction_of_Section_E\" title=\"Introduction of Section E\">Introduction of Section E<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Introduction_of_Schedule_CFL\" title=\"Introduction of Schedule CFL\">Introduction of Schedule CFL<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Addition_in_Section_F\" title=\"Addition in Section F\">Addition in Section F<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Introduction_of_Schedule_PTI\" title=\"Introduction of Schedule PTI\">Introduction of Schedule PTI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Introduction_of_Schedule_TPSA\" title=\"Introduction of Schedule TPSA\">Introduction of Schedule TPSA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Introduction_of_Schedule_D1\" title=\"Introduction of Schedule D1\">Introduction of Schedule D1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Separate_Disclosures_for_NRI\" title=\"Separate Disclosures for NRI\">Separate Disclosures for NRI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Structure_of_Form_ITR_6\" title=\"Structure of Form ITR 6\">Structure of Form ITR 6<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Process_to_Download_Form_ITR_6\" title=\"Process to Download Form ITR 6\">Process to Download Form ITR 6<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Procedure_to_file_Form_ITR_6\" title=\"Procedure to file Form ITR 6\">Procedure to file Form ITR 6<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Offline_Process_to_File_Form_ITR_6\" title=\"Offline Process to File Form ITR 6\">Offline Process to File Form ITR 6<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Online_Procedure_to_File_Form_ITR_6\" title=\"Online Procedure to File Form ITR 6\">Online Procedure to File Form ITR 6<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Download_the_E-Form\" title=\"Download the E-Form\">Download the E-Form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Fill_in_the_Details\" title=\"Fill in the Details\">Fill in the Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Verification_of_Form\" title=\"Verification of Form\">Verification of Form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Submit_the_Form\" title=\"Submit the Form\">Submit the Form<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-6\/#Performa_for_ITR_Form_6_of_the_AY_2020-_2021\" title=\"Performa for ITR Form 6 of the A.Y. 2020- 2021\">Performa for ITR Form 6 of the A.Y. 2020- 2021<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Meaning_of_Income_Tax_Return\"><\/span>Meaning of Income Tax Return<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\nterm \u201c<em><strong>Income Tax Return<\/strong><\/em>\u201d or \u201c<strong><em>ITR<\/em><\/strong>\u201d denotes an e-form\nthat is used by the taxpayer or assessee to&nbsp;<em><strong>file details<\/strong><\/em>&nbsp;and\n<strong><em>information<\/em><\/strong>\nabout his\/her earned income to the&nbsp;<em><strong>Income Tax Department<\/strong><\/em>.\nFurther, the&nbsp;<em><strong>tax liability<\/strong><\/em>&nbsp;of\nan&nbsp;<em><strong>assessee<\/strong><\/em>&nbsp;is&nbsp;<em><strong>determined<\/strong><\/em>&nbsp;on\nthe basis of the<em><strong>&nbsp;income earned <\/strong><\/em><em>by him\/her. <\/em><em><\/em><\/p>\n\n\n\n<p>Moreover,\nall the <strong><em>Individual<\/em><\/strong>s (including <strong><em>Businesses<\/em><\/strong>) must <strong><em>submit\ndetails<\/em><\/strong> regarding the income earned during a&nbsp;<em><strong>Financial Year<\/strong><\/em>.<\/p>\n\n\n\n<p>Also,\nthe&nbsp;<em><strong>process&nbsp;<\/strong><\/em>of\nsubmitting&nbsp;an <strong><em>ITR <\/em><\/strong>to the&nbsp;<em><strong>Income Tax Department<\/strong><\/em>&nbsp;is\nknown as&nbsp;<em><strong>Income Tax Return Filing<\/strong><\/em>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Brief_Summary_of_the_Form_ITR_1_to_5_and_7\"><\/span>Brief Summary of the Form ITR 1 to 5 and 7<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><em>brief summary<\/em><\/strong> of the <strong><em>Form\nITR 1 to 5<\/em><\/strong> and <strong><em>7 <\/em><\/strong>are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_ITR_1\"><\/span>Form ITR 1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201c<strong><em><a href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-1-sahaj-form\/\">Form ITR 1<\/a><\/em><\/strong>\u201d signifies an <strong><em>Income Tax Return<\/em><\/strong> filed by the individuals who are RNOR (<strong><em>Resident other than Not Ordinarily Resident<\/em><\/strong>) and having Annual Income up to <strong><em>Rs. 50 lakhs<\/em><\/strong>. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_ITR_2\"><\/span>Form ITR 2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201c<em><strong><a href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/\">Form ITR 2<\/a><\/strong><\/em>\u201d signifies an\u00a0<em><strong>Income Tax Return (ITR) <\/strong><\/em>filed by the\u00a0<em><strong>individuals or <\/strong><\/em>Hindu Undivided Family<em><strong> (HUFs)<\/strong><\/em> who are <strong><em>not generating income<\/em><\/strong> from the\u00a0<em><strong>PGBP<\/strong><\/em>\u00a0(Profit and Gain from Business or Profession). Further, it\u00a0<em><strong>does not apply<\/strong><\/em>\u00a0to the individuals who are\u00a0<em><strong>submitting\u00a0Form ITR 1\u00a0(Sahaj)<\/strong><\/em>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_ITR_3\"><\/span>Form ITR 3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201c<em><strong><a href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-3\/\">Form ITR 3<\/a><\/strong><\/em>\u201d signifies an\u00a0<em><strong>Income Tax Return<\/strong><\/em>\u00a0(ITR) filed by the\u00a0<em><strong>Individuals or <\/strong><\/em>Hindu Undivided Family<em><strong> (HUFs)<\/strong><\/em> who are\u00a0<em><strong>generating income<\/strong><\/em> from the <em><strong>PGBP<\/strong><\/em>\u00a0(<em><strong>Profit and Gain from Business or Profession<\/strong><\/em>). However, it\u00a0shall be relevant to note that it <em><strong>does not apply<\/strong><\/em>\u00a0to the\u00a0<em><strong>individuals<\/strong><\/em>\u00a0who are filing <strong><em>Form ITR 2<\/em><\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_ITR_4\"><\/span>Form ITR 4<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201c<em><strong><a href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-4-sugam-form\/\">Form ITR 4<\/a><\/strong><\/em>\u201d signifies an\u00a0<em><strong><a href=\"https:\/\/swaritadvisors.com\/income-tax-return-filing\">Income Tax Return<\/a><\/strong><\/em>\u00a0(ITR), which is filed by the\u00a0<em><strong>taxpayers<\/strong><\/em>\u00a0or <strong><em>assessee<\/em><\/strong> who are falling under the category of \u201c<em><strong>Presumptive Income Scheme<\/strong><\/em>\u201d, specified under\u00a0<em><strong>section 44 AD<\/strong><\/em>,\u00a0<em><strong>section 44 ADA<\/strong><\/em>, and\u00a0<em><strong>section 44 E<\/strong><\/em>\u00a0of the IT Act 1961. Further, the other name for the <strong><em>Income<\/em><\/strong>\u00a0<strong><em>Tax Return 4 <\/em>is <em>\u201cSugam\u201d<\/em><\/strong><em>.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_ITR_5\"><\/span>Form ITR 5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201c<em><strong><a href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-5\/\">Form ITR 5<\/a><\/strong><\/em>\u201d signifies an\u00a0<em><strong>Income Tax Return<\/strong><\/em>\u00a0(ITR) filed by\u00a0<em><strong>every taxpayer<\/strong><\/em>\u00a0or assessee who is\u00a0<em><strong>neither<\/strong><\/em>\u00a0<em><strong>filing Form ITR 7<\/strong><\/em>\u00a0nor\u00a0<em><strong>submitting any return<\/strong><\/em>\u00a0under section\u00a0<em><strong>139(4A)<\/strong><\/em>,\u00a0<em><strong>139(4B),<\/strong><\/em>\u00a0or\u00a0<em><strong>139(4D)<\/strong><\/em>. Moreover, this\u00a0<em><strong>ITR<\/strong><\/em>\u00a0includes all the\u00a0<em><strong>Heads of Income<\/strong><\/em>\u00a0except the income <strong><em>mentioned<\/em><\/strong> under\u00a0<em><strong>section 11<\/strong><\/em>\u00a0of the\u00a0<em><strong>Income Tax Act 1961<\/strong><\/em>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_ITR_7\"><\/span>Form ITR 7<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201c<strong><em>Form ITR 7<\/em><\/strong>\u201d signifies a tax return\nthat is filed by <strong><em>individuals<\/em><\/strong> who act as a <strong><em>Trust<\/em><\/strong>, <strong><em>Firm<\/em><\/strong>, <strong><em>Company<\/em><\/strong>,\n<strong><em>Local\nAuthority<\/em><\/strong>, <strong><em>AOP<\/em><\/strong> (Association of Persons) and <strong><em>claims deductions<\/em><\/strong> under\nsection <strong><em>139(4A)<\/em><\/strong>, section <strong><em>139 (4B)<\/em><\/strong>, section <strong><em>139\n(4C)<\/em><\/strong>, and <strong><em>139 (4D).<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_Eligible_to_File_Form_ITR_6\"><\/span>Who are all Eligible to File Form ITR 6?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>All the Companies that are <strong><em>not claiming exemption<\/em><\/strong>\nunder <strong><em>section 11<\/em><\/strong> of the Income Tax Act <strong><em>needs to file Form ITR 6<\/em><\/strong>\nwith the Income Tax Department.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_not_Eligible_to_File_Form_ITR_6\"><\/span>Who are all not Eligible to File Form ITR 6?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Who-are-all-not-Eligible-to-File-Form-ITR-6-1024x768.png\" alt=\"not Eligible to File Form ITR 6\" class=\"wp-image-13058\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Who-are-all-not-Eligible-to-File-Form-ITR-6-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Who-are-all-not-Eligible-to-File-Form-ITR-6-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Who-are-all-not-Eligible-to-File-Form-ITR-6-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Who-are-all-not-Eligible-to-File-Form-ITR-6.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p><strong>The ones who are not eligible to file Form ITR 6 are as follows:<\/strong><\/p>\n\n\n\n<ol><li>Individuals;<\/li><li>HUF (Hindu\nUndivided Family);<\/li><li>AOP (Association\nof Person);<\/li><li>BOI (Body of\nIndividuals);<\/li><li>Local\nAuthorities;<\/li><li>Artificial\nJudiciary Person;<\/li><li>Companies that\nare claiming exemption under section 11 of the Income Tax Act 1961;<\/li><li>Companies who\nare filing Form ITR 7;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Due_Dates_for_Filing_Form_ITR_6\"><\/span>Due Dates for Filing Form ITR 6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The due dates for filing ITR Form 6 has been extended\nby the Central Government and Income Tax Department till 30.11.2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Amendments_Made_in_ITR_Form_6\"><\/span>Amendments Made in ITR Form 6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"1024\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Amendments-Made-in-ITR-Form-6-1024x1024.png\" alt=\"Amendments in ITR Form 6\" class=\"wp-image-13057\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Amendments-Made-in-ITR-Form-6-1024x1024.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Amendments-Made-in-ITR-Form-6-150x150.png 150w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Amendments-Made-in-ITR-Form-6-300x300.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Amendments-Made-in-ITR-Form-6-768x768.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Amendments-Made-in-ITR-Form-6.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>The amendments made in Form ITR 6 are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_Disclosure_Criteria\"><\/span>New Disclosure Criteria<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now, the&nbsp;<em><strong>IT Department <\/strong><\/em>has\nintroduced&nbsp;\u201c<em><strong>new disclosure criteria\u201d<\/strong><\/em>&nbsp;for declaring\nincome earned under the \u201c<strong><em>Presumptive Income Scheme<\/em><\/strong>\u201d, such\nas&nbsp;<em><strong>section 44 AE, 44 B, 44 BB, 44 AD, 44 ADA, 44 BBA, 44 BBB<\/strong><\/em>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"640\" height=\"136\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-12.png\" alt=\"New Disclosure Criteria\" class=\"wp-image-13059\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-12.png 640w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-12-300x64.png 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insertion_of_Point_11_Da_and_17\"><\/span>Insertion of Point 11 (Da) and 17<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For\nthe&nbsp;<em><strong>Assessment Year 2020 \u2013 2021,<\/strong><\/em>&nbsp;the&nbsp;<em><strong>Income\nTax Department<\/strong><\/em>, together with the&nbsp;<em><strong>Central Government<\/strong><\/em>&nbsp;have\nintroduced&nbsp;<em><strong>2 \u201cnew points of Disclosure\u201d <\/strong><\/em>under the&nbsp;<em><strong>head\nOther Information<\/strong><\/em>, named&nbsp;<em><strong>Point 11(Da)<\/strong><\/em>&nbsp;and&nbsp;<em><strong>Point\n17<\/strong><\/em>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Point_11\"><\/span>Point 11<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Any&nbsp;<em><strong>amount\ndebited<\/strong><\/em>&nbsp;to the&nbsp;<em><strong>profit &amp; loss account<\/strong><\/em>&nbsp;for\nthe&nbsp;<em><strong>previous financial year<\/strong><\/em>&nbsp;but disallowable\nunder&nbsp;<em><strong>section 43B<\/strong><\/em>.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sub_Point_DA\"><\/span><strong>Sub Point DA<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Any&nbsp;<em><strong>amount\npayable<\/strong><\/em>&nbsp;by the<em><strong> taxpayer or assessee<\/strong><\/em>&nbsp;as\ninterest on any&nbsp;<em><strong>borrowing<\/strong><\/em>&nbsp;or<strong><em> loan <\/em><\/strong>is taken either\nfrom a&nbsp;<em><strong>deposit-taking NBFC<\/strong><\/em>&nbsp;or&nbsp;a <em><strong>systemically\nimportant non deposit taking NBFC<\/strong><\/em>, in accordance with the&nbsp;<em><strong>terms\nand conditions provided under the agreement<\/strong><\/em>&nbsp;governing such loan\nor borrowing.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Point_17\"><\/span>Point 17<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Under\nthis head of income, the assessee needs to&nbsp;\u201c<em><strong>mark the option\u201d<\/strong><\/em>&nbsp;whether\nhe\/she is using the option provided under&nbsp;<em><strong>subsection 2A<\/strong><\/em>&nbsp;of&nbsp;<em><strong>section\n92 CE<\/strong><\/em>&nbsp;or not.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"644\" height=\"202\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-13.png\" alt=\"Point 17\" class=\"wp-image-13060\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-13.png 644w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-13-300x94.png 300w\" sizes=\"(max-width: 644px) 100vw, 644px\" \/><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"666\" height=\"36\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-14.png\" alt=\"\" class=\"wp-image-13061\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-14.png 666w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-14-300x16.png 300w\" sizes=\"(max-width: 666px) 100vw, 666px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_New_Schedule_112A\"><\/span>Introduction of New Schedule 112A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All\nthe details regarding the&nbsp;<em><strong>Equity Oriented Fund<\/strong><\/em>, <em><strong>Equity\nShares,<\/strong><\/em> or&nbsp;<em><strong>Unit of a Business Trust<\/strong><\/em>&nbsp;on\nwhich&nbsp;STT (<em><strong>Securities Transaction Tax<\/strong><\/em>) is paid under&nbsp;<em><strong>section\n112 A<\/strong><\/em>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"655\" height=\"296\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-15.png\" alt=\"New Schedule 112A\" class=\"wp-image-13062\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-15.png 655w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-15-300x136.png 300w\" sizes=\"(max-width: 655px) 100vw, 655px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_New_Schedule_115AD_1_b_iii_Proviso\"><\/span>Introduction of New Schedule 115AD\n(1) (b) (iii) Proviso<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This newly introduced schedule&nbsp;<strong><em>specifically <\/em><\/strong><strong>deals <em>with the NRIs&nbsp;<\/em><\/strong><em>(Non Residents Indians)<\/em><em>, <\/em>who have been&nbsp;<strong><em>engaged<\/em><\/strong>&nbsp;in\nthe&nbsp;\u201c<strong><em>Sale of Shares\u201d<\/em><\/strong>,&nbsp;\u201c<strong><em>Unit\nof Equity-oriented Fund\u201d<\/em><\/strong>,\nor&nbsp;\u201c<strong><em>Unit of a Business\u201d<\/em><\/strong>&nbsp;on which&nbsp;<em><strong>STT&nbsp;<\/strong><\/em>(<strong><em>Securities Transaction Tax)&nbsp;<\/em><\/strong>has been duly&nbsp;<strong><em>paid&nbsp;<\/em><\/strong>under&nbsp;<strong><em>section 112A<\/em><\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-16.png\" alt=\"New Schedule 115AD (1) (b) (iii) Proviso\" class=\"wp-image-13063\" width=\"608\" height=\"280\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-16.png 535w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-16-300x139.png 300w\" sizes=\"(max-width: 608px) 100vw, 608px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_Section_E\"><\/span>Introduction of Section E<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The&nbsp;<em><strong>Central\nGovernment <\/strong>and<\/em> the <strong><em>Income\nTax Department<\/em><\/strong> have introduced a \u201c<strong><em>new section<\/em><\/strong>\u201d named&nbsp;\u201c<em><strong>Computation\nof Income<\/strong><\/em>&nbsp;from&nbsp;<em><strong>Life Insurance Business\u201d<\/strong><\/em>&nbsp;specified\nin&nbsp;\u201c<em><strong>Section 115 B\u201d<\/strong><\/em>. This section has been introduced under\nthe&nbsp;\u201c<em><strong>Head of Income from Business or Profession\u201d<\/strong><\/em>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-17.png\" alt=\"Section E\" class=\"wp-image-13064\" width=\"591\" height=\"168\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-17.png 629w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-17-300x85.png 300w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_Schedule_CFL\"><\/span>Introduction of Schedule CFL<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The\nterm \u201c<em><strong>CFL<\/strong><\/em>\u201d is the abbreviated form for the&nbsp;\u201c<em><strong>Carry\nForward Losses\u201d<\/strong><\/em>. According to this schedule, a taxpayer or assessee\nrequires to provide&nbsp;\u201c<em><strong>details and information\u201d<\/strong><\/em>&nbsp;regarding\nthe&nbsp;<em><strong>Losses Incurred<\/strong><\/em>&nbsp;in a financial year in&nbsp;<em><strong>two\ncolumns<\/strong><\/em>, named as follows:<\/p>\n\n\n\n<ol><li>Normal Loss;<\/li><li>PTI<\/li><\/ol>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-18.png\" alt=\"Schedule CFL\" class=\"wp-image-13065\" width=\"623\" height=\"323\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-18.png 598w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-18-300x156.png 300w\" sizes=\"(max-width: 623px) 100vw, 623px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Addition_in_Section_F\"><\/span>Addition in Section F<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For\nthe Computation of the Income from the Business or Profession, in section \u201c<strong>F\n\u2013 Intra Head Set-off of the Business Loss of the Current Year<\/strong>\u201d, the following&nbsp;<strong>point<\/strong>&nbsp;has\nbeen&nbsp;<strong>added<\/strong>:<\/p>\n\n\n\n<ol><li>Income\nfrom the Life Insurance business under section 115B;<\/li><\/ol>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-19.png\" alt=\"Section F\" class=\"wp-image-13066\" width=\"595\" height=\"165\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-19.png 628w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-19-300x84.png 300w\" sizes=\"(max-width: 595px) 100vw, 595px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_Schedule_PTI\"><\/span>Introduction of Schedule PTI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This&nbsp;<em><strong>newly\nintroduced schedule<\/strong><\/em>&nbsp;will include the details and information as\nfollows:<\/p>\n\n\n\n<ol><li><em><strong>Investments<\/strong><\/em>\u00a0made under\u00a0<em><strong>section 115 UA\u00a0<\/strong><\/em>and\u00a0<em><strong>115 UB<\/strong><\/em>;<\/li><li><em><strong>Classification of Income<\/strong><\/em>\u00a0as follows:<\/li><li>Current Year Income;<\/li><li>Share and Portion in the Current Year Loss distributed by the Investment Fund; and<\/li><li>Net Income or Loss;<\/li><\/ol>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-20.png\" alt=\"Schedule PTI\" class=\"wp-image-13067\" width=\"598\" height=\"163\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-20.png 641w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-20-300x82.png 300w\" sizes=\"(max-width: 598px) 100vw, 598px\" \/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"609\" height=\"273\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-21.png\" alt=\"Schedule PTI part 2\" class=\"wp-image-13068\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-21.png 609w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-21-300x134.png 300w\" sizes=\"(max-width: 609px) 100vw, 609px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_Schedule_TPSA\"><\/span>Introduction of Schedule TPSA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All\nthe details and information regarding the&nbsp;\u201c<em><strong>Tax on Secondary\nAdjustments\u201d,<\/strong><\/em>&nbsp;according to section&nbsp;<em><strong>92 CE (2A),<\/strong><\/em>&nbsp;are\ncovered under this schedule.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-22.png\" alt=\"Schedule TPSA\" class=\"wp-image-13069\" width=\"603\" height=\"224\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-22.png 654w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-22-300x111.png 300w\" sizes=\"(max-width: 603px) 100vw, 603px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_Schedule_D1\"><\/span>Introduction of Schedule D1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under\nthis newly introduced schedule of the form, the<strong><em>assessee\n<\/em>or <em>taxpayer&nbsp;<\/em><\/strong>requires\nto&nbsp;<strong><em>furnish&nbsp;all the&nbsp;details and information<\/em><\/strong>&nbsp;regarding\n<strong><em>donations, deposits,<\/em><\/strong>&nbsp;and&nbsp;<strong><em>investments<\/em><\/strong>&nbsp;made\nby him\/ her up to&nbsp;<strong><em>31.07.2020<\/em><\/strong>.<\/p>\n\n\n\n<p>Further,\nthese investments are qualified to be&nbsp;<strong><em>claimed&nbsp;<\/em><\/strong><em>as<\/em><strong><em>&nbsp;deduction<\/em><\/strong>&nbsp;under&nbsp;<em><strong>chapter\nVI-A&nbsp;<\/strong><\/em>of the&nbsp;<em><strong>Income Tax Act<\/strong><\/em>&nbsp;1961 for\nthe&nbsp;<em><strong>Financial Year 2019 &#8211; 2020<\/strong><\/em>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-23.png\" alt=\"Schedule D1\" class=\"wp-image-13070\" width=\"633\" height=\"329\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-23.png 607w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-23-300x156.png 300w\" sizes=\"(max-width: 633px) 100vw, 633px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Separate_Disclosures_for_NRI\"><\/span>Separate Disclosures for NRI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>According\nto the&nbsp;<em><strong>new ITR form<\/strong><\/em>, the&nbsp;<em><strong>applicant or taxpayer<\/strong><\/em>&nbsp;who\nis an&nbsp;<em><strong>NRI<\/strong><\/em>&nbsp;(Non Resident Indian) and is&nbsp;<em><strong>not\nhaving<\/strong><\/em>&nbsp;any&nbsp;<em><strong>Bank Account in India<\/strong><\/em>, but\ndesires to&nbsp;<em><strong>claim a Refund of Income Tax<\/strong><\/em>, requires to&nbsp;<em><strong>provide<\/strong><\/em>&nbsp;the&nbsp;<em><strong>details<\/strong><\/em>&nbsp;and\n<strong><em>information<\/em><\/strong>\nas follows:<\/p>\n\n\n\n<ol><li>Name of the Bank;<\/li><li>Name of the Country;<\/li><li>SWIFT Code;<\/li><li>IBAN (International Bank Account Number);<\/li><\/ol>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-24.png\" alt=\"Disclosures for NRI\" class=\"wp-image-13071\" width=\"593\" height=\"290\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-24.png 610w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/image-24-300x147.png 300w\" sizes=\"(max-width: 593px) 100vw, 593px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Structure_of_Form_ITR_6\"><\/span>Structure of Form ITR 6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><em>Structure of ITR Form 6<\/em><\/strong> can be\nsummarised as:<\/p>\n\n\n\n<ol><li><strong>Part A<\/strong>: General information;<\/li><li><strong>Part A- BS<\/strong>: Balance Sheet as on 31.03.2019;<\/li><li><strong>Part A- BS-Ind AS<\/strong>: Balance Sheet as on 31.03.2020, or\nas on the date of the business combination;<\/li><li><strong>Part A- Manufacturing Account:<\/strong> for the F.Y. 2019 &#8211; 2020;<\/li><li><strong>Part A- Trading Account:<\/strong> for the F.Y. 2019 &#8211; 2020;<\/li><li><strong>Part A- P&amp;L: Profit &amp; Loss\nAccount:<\/strong> for the\nF.Y. 2019 &#8211; 2020;<\/li><li><strong>Part A- Manufacturing Account- Ind\nAS<\/strong>: Manufacturing Account for the F.Y.\n2019 &#8211; 2020;<\/li><li><strong>Part A- Trading Account Ind- AS<\/strong>: Trading Account for the F.Y. 2019 &#8211;\n2020;<\/li><li><strong>Part A- P&amp;L Ind-AS<\/strong>: Profit &amp; Loss Account for the\nF.Y. 2019 &#8211; 2020;<\/li><li><strong>Part A- OI<\/strong>: Other Information;<\/li><li><strong>Part A- QD<\/strong>: Quantitative Details;<\/li><li><strong>Part A- OL<\/strong>: Receipt and Payment Account of the\ncompany under liquidation;<\/li><li><strong>Part B- TI<\/strong>: Computation of Total Income;<\/li><li><strong>Part B- TTI<\/strong>: Computation of the Tax Liability\non Total Income;<\/li><li><strong>Tax payments<\/strong>:<\/li><li>Details\nof payments of the Advance Tax and Self-Assessment Tax;<\/li><li>Details\nof the Tax Deducted at Source (TDS) on the Income (according to Form 16A\/ 16B\/ 16C);<\/li><li>Details\nof the Tax Collected at Source (TCS);<\/li><li><strong>Schedule-\nHP<\/strong>: Computation of the Income under\nthe head of Income from House Property;<\/li><li><strong>Schedule-\nBP<\/strong>: Computation of the Income under\nthe head of Profit and Gains from the Business or Profession;<\/li><li><strong>Schedule-\nDPM<\/strong>: Computation of the Depreciation on\nthe Plant and Machinery under the Income Tax Act, 1961;<\/li><li><strong>Schedule\nDOA<\/strong>: Computation of the Depreciation on\nother assets under the Income Tax Act, 1961;<\/li><li><strong>Schedule\nDEP<\/strong>: Summary of the Depreciation charged\non all the assets prescribed under the Income Tax Act, 1961;<\/li><li><strong>Schedule\nDCG<\/strong>: Computation of the Deemed Capital\nGains on the sale of the Depreciable Assets;<\/li><li><strong>Schedule\nESR<\/strong>: Deduction under section 35 of the\nIncome Tax Act (expenditure on scientific research);<\/li><li><strong>Schedule\nCG<\/strong>: Computation of the Income under\nthe head of Capital Gains;<\/li><li><strong>Schedule\nOS<\/strong>: Computation of the Income under\nthe head of Income from Other Sources;<\/li><li><strong>Schedule\nCYLA<\/strong>: Statement of the Income after setting\noff the current year losses;<\/li><li><strong>Schedule\nBFLA<\/strong>: Statement of the income after setting\noff of the unabsorbed loss brought forward from the previous years;<\/li><li><strong>Schedule\nCFL<\/strong>: Statement regarding the losses to\nbe carried forward to the future years;<\/li><li><strong>Schedule\nUD<\/strong>: Details of the unabsorbed\ndepreciation and the allowance under section 35 (4) of the Income Tax Act;<\/li><li><strong>Schedule\nICDS<\/strong>: Effect of the \u201cIncome Computation\nDisclosure Standards\u201d on the profit generated;<\/li><li><strong>Schedule\n10 AA<\/strong>:\nComputation of the deduction allowed under section 10AA;<\/li><li><strong>Schedule\n80 G<\/strong>: Details regarding the donation\nentitled as a deduction under section 80 G of the Income Tax Act, 1961;<\/li><li><strong>Schedule\n80 GGA<\/strong>: Details\nregarding the donations made for the scientific research or some rural\ndevelopment;<\/li><li><strong>Schedule\nRA<\/strong>: Details regarding the donations made\nto the research associations etc.;<\/li><li><strong>Schedule\n80 IA<\/strong>:\nComputation of the deduction allowed under section 80 IA;<\/li><li><strong>Schedule\n80 IB<\/strong>:\nComputation of the deduction allowed under section 80 IB;<\/li><li><strong>Schedule\n80 IC or 80 IE<\/strong>:\nComputation of the deduction allowed under section 80 IC or 80 IE;<\/li><li><strong>Schedule\nVI A<\/strong>: Statement regarding the deductions\nallowed (from total income) under Chapter VI A of the Income Tax Act, 1961;<\/li><li><strong>Schedule\nSI<\/strong>: Statement regarding the income earned\nwhich is chargeable to tax at a special rate;<\/li><li><strong>Schedule PTI<\/strong>: Pass through Income details from the\nbusiness trust or investment fund;<\/li><li><strong>Schedule\nEI<\/strong>: Statement regarding the Income not\nincluded in the total income, i.e., exempt incomes;<\/li><li><strong>Schedule\nMAT<\/strong>: Computation of the Minimum\nAlternate Tax (MAT) payable under section 115 JB of the Income Tax Act, 1961;<\/li><li><strong>Schedule\nMATC<\/strong>: Computation of the Tax credited\nunder section 115 JAA;<\/li><li><strong>Schedule\nDDT<\/strong>: Details regarding the payment of DDT\n(Dividend Distribution Tax);<\/li><li><strong>Schedule\nBBS<\/strong>: Details of the tax charged on\ndistributed income of a domestic company on the buyback of shares, not listed\non the recognised stock exchange;<\/li><li><strong>Schedule\nTPSA<\/strong>: Secondary adjustment to TP\n(Transfer Price) as per section 92 CE (2A);<\/li><li><strong>Schedule\nFSI<\/strong>: Details of the Income earned from anywhere\noutside India and Tax Relief;<\/li><li><strong>Schedule\nTR<\/strong>: Summary of the tax relief claimed\nfor the taxes paid outside India;<\/li><li><strong>Schedule\nFA<\/strong>: Details of the Foreign Assets and\nincome earned from any source outside India;<\/li><li><strong>Schedule SH 1<\/strong>: Details regarding the Shareholding\nof an unlisted company;<\/li><li><strong>Schedule\nSH 2<\/strong>: Details regarding the Shareholding\nof Start-ups;<\/li><li><strong>Schedule\nAL 1<\/strong>: Details regarding the Assets and Liabilities\nas at the end of the financial year;<\/li><li><strong>Schedule\nAL 2<\/strong>: Details regarding the Assets and Liabilities\nas at the end of the Financial Year (applicable to start-ups only);<\/li><li><strong>Schedule DI<\/strong>: Schedule of the Tax Saving Investments\nor deposits or payments to claim exemption or deduction in the extended period\nfrom 01.04.2020 until 30.06.2020;<\/li><li><strong>Schedule GST<\/strong>: Information concerning the annual\nturnover or gross receipt reported for GST;<\/li><li><strong>Schedule FD<\/strong>: Break-up of the payments\/ receipts\nin the Foreign currency;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_Download_Form_ITR_6\"><\/span>Process to Download Form ITR 6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One can download <strong><em>Form ITR 6<\/em><\/strong> from the <strong><em>official\nwebsite<\/em><\/strong> of the <strong><em>Income Tax Department<\/em><\/strong>, as there are <strong><em>no\noffline tools<\/em><\/strong> provided by the <strong><em>IT Department<\/em><\/strong> to file <strong><em>Form\nITR 6<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_to_file_Form_ITR_6\"><\/span>Procedure to file Form ITR 6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Procedure-to-file-Form-ITR-6-1024x768.png\" alt=\"Procedure to file Form ITR 6\" class=\"wp-image-13056\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Procedure-to-file-Form-ITR-6-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Procedure-to-file-Form-ITR-6-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Procedure-to-file-Form-ITR-6-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Procedure-to-file-Form-ITR-6.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>There\nare&nbsp;<em><strong>2&nbsp;different&nbsp;modes\nof filing Form ITR&nbsp;6<\/strong><\/em>, which are as follows:<\/p>\n\n\n\n<ol><li>Online\n     Procedure;<\/li><li>Offline\n     Procedure;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Offline_Process_to_File_Form_ITR_6\"><\/span>Offline Process to File Form ITR 6<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The&nbsp;offline&nbsp;<strong>modes\nfor Filing ITR 6&nbsp;<\/strong>are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Offline-Procedure-to-File-Form-ITR-6-1-1024x768.png\" alt=\"Offline Process to File Form ITR 6\" class=\"wp-image-13055\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Offline-Procedure-to-File-Form-ITR-6-1-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Offline-Procedure-to-File-Form-ITR-6-1-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Offline-Procedure-to-File-Form-ITR-6-1-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Offline-Procedure-to-File-Form-ITR-6-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<ol><li>By Submitting the Income Tax Return in a Physical Paper Format;<\/li><li>By Submitting a Bar coded Return;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Online_Procedure_to_File_Form_ITR_6\"><\/span>Online Procedure to File Form ITR 6<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Online-Procedure-to-File-Form-ITR-6-1024x768.png\" alt=\"Online Procedure to File Form ITR 6\" class=\"wp-image-13053\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Online-Procedure-to-File-Form-ITR-6-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Online-Procedure-to-File-Form-ITR-6-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Online-Procedure-to-File-Form-ITR-6-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Online-Procedure-to-File-Form-ITR-6.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>The\nsteps involved in the&nbsp;<strong>procedure&nbsp;to file Form ITR&nbsp;6&nbsp;online<\/strong>&nbsp;are\nas follows:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_the_E-Form\"><\/span>Download the E-Form<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Firstly,\nthe taxpayer or applicant requires to <strong><em>download the Form ITR 6<\/em><\/strong> from the\nofficial Income Tax Website at&nbsp;<a href=\"https:\/\/www.incometaxindiaefiling.gov.in\/home\">http:\/\/www.incometaxindiaefiling.gov.in\/home<\/a>;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fill_in_the_Details\"><\/span>Fill in the Details<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In\nthe next step, the taxpayer&nbsp;<em><strong>requires&nbsp;to\nenter&nbsp;all the&nbsp;details and information<\/strong><\/em>&nbsp;asked in\ndifferent parts of the e-form.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Verification_of_Form\"><\/span>Verification of Form<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Now,\nthe applicant requires to get his\/ her&nbsp;<strong>Form&nbsp;ITR 6&nbsp;verified\nor authenticated<\/strong>&nbsp;in the modes prescribed as follows:<\/p>\n\n\n\n<ol><li>By Getting the Form ITR 6 signed Digitally;<\/li><li>By Validating the Form ITR 6 through EVC (Electronic Verification Code);<\/li><\/ol>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Submit_the_Form\"><\/span>Submit the Form<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Lastly,\nthe concerned taxpayer or applicant who wants to <strong><em>submit <\/em><\/strong>his\/ her <strong><em>ITR\nform online<\/em><\/strong> will <strong><em>receive a mail of acknowledgment<\/em><\/strong> on\nhis\/ her registered email id.<\/p>\n\n\n\n<p>However,\nif in case the taxpayer desires to <strong><em>send <\/em><\/strong>the ITR <strong><em>manually or physically<\/em><\/strong> by\ndownloading it from the <strong><em>official IT website<\/em><\/strong>, he\/she <strong><em>needs\nto courier<\/em><\/strong> the same to the <strong><em>CPC Office<\/em><\/strong> of Income Tax Department,\nsituated at <strong><em>Bangalore<\/em><\/strong>, within a <strong><em>period of 120 days<\/em><\/strong>, starting from\nthe date of <strong><em>filing of Form ITR 6<\/em><\/strong>.<\/p>\n\n\n\n<p>Moreover,\nit shall be noteworthy to state that <strong><em>Form ITR 6 <\/em><\/strong>is an <strong><em>annexure\nless form<\/em><\/strong>, which means there is <strong><em>no need<\/em><\/strong> for the applicant <strong><em>to\nattach<\/em><\/strong> any <strong><em>record or document<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In\na nutshell, all the Companies that\nare <strong><em>not\nclaiming exemption<\/em><\/strong> under <strong><em>section 11<\/em><\/strong> of the Income Tax Act <strong><em>needs\nto file Form ITR 6<\/em><\/strong> with the Income Tax Department. Further, the due\ndates for filing <strong><em>ITR Form 6<\/em><\/strong> has been extended by the Income Tax Department and Central\nGovernment till <strong><em>30.11.2020<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Performa_for_ITR_Form_6_of_the_AY_2020-_2021\"><\/span>Performa for ITR Form 6 of the A.Y. 2020- 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/itr6_english.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">itr6_english<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p class=\"text-left\"><b>Also, Read<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/swaritadvisors.com\/learning\/transparent-taxation\/\">Transparent Taxation: PM Decides to Honor Honest Taxpayer<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201cForm ITR 6\u201d denotes an Income Tax Return filed by the companies that are not claiming exemption under section 11 of the Income Tax Act 1961. Further, section 11 of the act deals with the Income from Property held for a Religious and Charitable purpose. In this blog, we will discuss the concept [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":13051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[416],"tags":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/13050"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=13050"}],"version-history":[{"count":5,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/13050\/revisions"}],"predecessor-version":[{"id":13077,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/13050\/revisions\/13077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/13051"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=13050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=13050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=13050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}