The Central Board of Direct Taxes (CBDT) has released the updated Income Tax Return (ITR) Form ITR-6 for companies for the Assessment Year 2024-25. This revised form, effective from April 1, 2024, applies to companies not claiming exemption under section 11. Businesses should familiarise themselves with the key revisions and ensure accurate, compliant filing.
The Central Board of Direct Taxes (CBDT) has recently issued a crucial notification, marked as Notification No. 16/2024 on January 24, 2024. This notification unveils the updated Income Tax Return (ITR) Form ITR-6 designed specifically for companies (excluding those claiming exemption under section 11) for the Assessment Year (A.Y.) 2024-25. The changes in the form are set to come into effect from April 01, 2024.
Key Highlights
Notification Details: CBDT, through Notification No. 16
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FAQ :
The new ITR-6 form is for companies (excluding those claiming exemption under section 11) for the Assessment Year 2024-25.
The changes in the ITR-6 form will be effective from April 01, 2024.
Companies that are not eligible for exemption under section 11 of the Income Tax Act need to use the updated ITR-6 form.
The new ITR-6 form is tailored for the Assessment Year 2024-25.
Companies should review the updated form meticulously to ensure accurate and compliant reporting, and stay informed of any further communications from the CBDT.