Income Tax Returns – Form – 6 Filing

Income Tax Returns – Form – 6 Filing

The income tax form is called ITR Form -6. If the business does not assert an exemption under section 11 of the Income Tax Act of 1961, it will file the income tax return. Currently, the entities that receive revenue from properties used for charity or religious purposes are the companies that are subject to these income tax regulations and are eligible to claim exemption under Section 11. The form can be downloaded electronically from the official Income Tax website.

It is mandatory for tax assessors to furnish particulars of various revenue streams received over the relevant fiscal year. The following are important details that were provided to the tax authorities.

• Income from House property.
• Profits/Gains from business or profession
• Capital Gains
• Income from other Sources
• Various deductions etc.