ITR-6 for Companies e-filing for A.Y. 2012-13

Friends,

        As everyone knows that excel based ITR-1,ITR-2,ITR-3,ITR-4 or ITR-5 have already been published by Income Tax Department for e-filing of Income Tax Returns.  ITR-6 was in wait.  Now it has also been released and assessee relating to Companies are able to upload their Income Tax return for the Financial Year 2011-12 or Assessment Year 2012-13.

             With the help of this form, Companies other than companies claiming exemption under section 11 file their income tax returns.   

Read Section 11 in Detail here :-

⁰Income⁶¹ from property held for charitable or religious purposes.

⁶²11. (1) Subject to the provisions of sections 60 to 63, the following income shall not be included in the total income of the previous year of the person in receipt of the income—

⁶³[(a) income derived from property⁶¹ held under trust wholly⁶¹ for charitable or religious purposes, to the extent to which such income⁶¹ is applied⁶¹ to such purposes in India; and, where any such income⁶¹ is ⁶¹accumulated or set apart for application to such purposes in India, to the extent to which the income so accumulated or set apart⁶⁴ is not in excess of ⁶⁵[fifteen] per cent of the income from such property;

 (b) income derived from property held under trust in part⁶⁴ only for such purposes, the trust having been created before the commencement of this Act, to the extent to which such income⁶⁴ is applied to such purposes in India; and, where any such income is finally set apart for application to such purposes in India, to the extent to which the income so set apart is not in excess of ⁶⁵[fifteen] per cent of the income from such property;

 (c) income ⁶⁶[derived] from property held under trust—

  (i)  created on or after the 1st day of April, 1952, for a charitable purpose which tends to promote international welfare in which India is interested, to the extent to which such income is applied to such purposes outside India, and

 (ii)  for charitable or religious purposes, created before the 1st day of April, 1952, to the extent to which such income is applied to such purposes outside India:

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