- The CBDT has notified a revised ITR-6 for Assessment Year 2025-26 with enhanced disclosure requirements.
- Companies must now split capital gains reporting into two distinct periods based on July 23, 2024.
- New mandates include detailed identification data and specific TDS section codes for better transparency.
(INDIA) — The Central Board of Direct Taxes has notified a revised ITR-6 for Assessment Year 2025-26, tightening corporate tax return filing rules with expanded financial and ownership disclosure requirements for companies operating in India.
The updated form requires companies to provide more detailed information across capital gains, tax deducted at source, business-specific income reporting and company identification data. It applies to domestic and foreign companies, except those claiming exemptions under Section 11 of the Income Tax Act.
CBDT’s move also aligns the return form with changes introduced under the Finance Act, 2024, including a new requirement to split capital gains reporting into two periods. Companies must now show gains separately for transactions before July 23, 2024, and those on or after July 23, 2024.
That segregation marks one of the clearest changes in the revised filing framework. It is intended to ensure tax gets computed under the rules applicable to each period after amendments in the Finance Act, 2024.
Alongside that change, the revised ITR-6 asks companies to submit a broader set of identifying details. Those include PAN, CIN, incorporation date, registered office address, updated contact details and the date on which operations commenced.
The form also requires disclosure of previous filing status and any tax notices received. CBDT’s revised structure adds a deeper layer of traceability to corporate filings by linking tax reporting more directly to a company’s legal identity and filing history.
Another change affects Schedule-TDS. Companies must now specify the exact Tax Deducted at Source section codes, rather than leave the reporting at a broader level.
The revised form also requires disclosure of deductions claimed under Section 24(b) for home loans. Together, those fields aim to improve clarity in return filing and support reconciliation of TDS credits.
That matters because the return form covers several tax components at once. A mismatch in TDS credits can affect how a return is processed, and CBDT’s updated format seeks to reduce those inconsistencies through more precise coding and disclosure.
The revised ITR-6 also includes a specific rule for foreign entities selling uncut diamonds in designated zones. Those entities must report profits at a minimum of 4% of gross receipts under Rule 10TIA.
That rule has retrospective applicability from April 1, 2024. The standardized profit reporting is designed to simplify income reporting and remove inconsistency in the diamond trade segment.
A separate amendment in the form brings cruise business reporting into clearer focus. A new reference to Section 44BBC now applies to the cruise business, requiring firms in that sector to disclose expenses and revenues under that section.
By inserting the Section 44BBC reference into the form, CBDT has carved out a more defined reporting path for cruise operators. The change adds another sector-specific compliance requirement within the wider corporate return structure.
The revised form became effective April 1, 2025, replacing the previous version. For Assessment Year 2025-26, companies falling within its scope must use the new format when filing their returns.
Its applicability is broad. The updated ITR-6 is mandatory for all domestic and foreign companies operating in India, except those claiming exemptions under Section 11 of the Income Tax Act.
The coverage extends to private limited companies, public limited companies, one-person companies (OPCs), and partnership firms that do not claim Section 11 exemptions. That gives the revision a wide operational reach across business entities that file corporate returns.
Filing must continue in electronic form. Companies have to submit ITR-6 electronically with a digital signature from authorized representatives.
The form itself remains extensive. It contains over 40 schedules covering depreciation, income from house property, business or profession, capital gains, international transactions, MAT calculations, and TDS/TCS credits.
That breadth means the revised form does more than collect a final tax figure. It draws together detailed information from multiple parts of a company’s financial and tax position in a single filing structure.
CBDT has also retained the requirement for companies to submit audit reports while filing the return. In addition, the form requires details of key managerial personnel.
Those requirements place the revised return at the center of a company’s tax compliance record. Financial disclosures, managerial details and tax computations all now sit within a form that demands more granular reporting than before.
The capital gains split is likely to draw particular attention from companies with transactions spanning both sides of July 23, 2024. Under the new format, they cannot report those gains as a single block if the gains fall into the two separate periods specified in the revised form.
Instead, the form requires that the gains be shown according to whether they arose before July 23, 2024, or on or after July 23, 2024. CBDT has tied that requirement directly to amendments under the Finance Act, 2024.
The expanded company data fields carry a different compliance purpose. By requiring PAN and CIN along with incorporation date, registered office address, updated contact details and operational commencement date, the revised form builds a fuller corporate profile into the return itself.
Adding previous filing status and tax notices to that profile gives tax authorities a clearer filing trail. It also links current compliance more closely to a company’s earlier interactions with the tax system.
Schedule-TDS changes operate at a more technical level, but they are no less direct. Exact TDS section code disclosure can help align the tax credit claimed in the return with the tax deducted and reported elsewhere.
The additional requirement to disclose Section 24(b) home loan deductions further widens the line-by-line detail companies must now furnish. In practice, the revised return form pushes corporate taxpayers toward more itemized tax reporting.
CBDT’s treatment of the diamond trade follows the same pattern of sharper categorization. Foreign entities selling uncut diamonds in designated zones now face a minimum profit reporting rule of 4% of gross receipts under Rule 10TIA.
Because that provision applies retrospectively from April 1, 2024, it reaches back across a defined period rather than operating only prospectively. The aim, as reflected in the revised form, is to simplify income reporting and reduce inconsistency in that segment.
The cruise business amendment also reflects CBDT’s move toward more sector-linked disclosure. By making Section 44BBC part of the return’s reporting structure for cruise services, the form now requires firms in that business to break out expenses and revenues under that section.
That sector-wise reporting adds another layer to a form already spanning depreciation, house property income, business income, capital gains, international transactions and MAT calculations. The revised ITR-6 is now structured to capture broad corporate data alongside industry-specific tax details.
For companies preparing returns, the practical effect is that ITR-6 demands a wider range of validated information before submission. A return now requires not only income and tax figures but also core identification data, filing history, tax notice disclosure, TDS coding, audit material and managerial details.
The electronic filing requirement remains unchanged in format but not in weight. Because authorized representatives must file with a digital signature, the revised return continues to function as a formally authenticated corporate tax document.
CBDT’s notification of the revised ITR-6 therefore brings together several strands of tax administration in one filing form: changes driven by the Finance Act, 2024, tighter disclosure norms, sector-specific reporting rules and more detailed reconciliation fields. The result is a corporate return for Assessment Year 2025-26 that asks companies to show more of how they earned, reported and identified their taxable income.
With over 40 schedules and new disclosure mandates embedded across the form, the revised ITR-6 leaves companies little room for summary reporting, making detailed electronic filing the basis of corporate tax compliance under the new framework.
