🏢 What Is ITR‑6 & Who Should File?

ITR‑6 is for companies (private, public, one‑person, domestic subsidiaries of foreign entities) that do not claim exemption under Section 11 (i.e., not charitable trusts) business-standard.com+15taxgyany.com+15financialexpress.com+15.
Not meant for individuals, HUFs, firms, LLPs, AOPs, BOIs, or charitable trusts financialexpress.com.

🆕 Major Updates for AY 2025–26

1. Split Capital Gains Reporting

Gains before and after 23 July 2024 must be reported separately in Schedule CG, aligning with new tax rates: 20% STCG and 12.5% LTCG for post‑July transfers abcaus.in+5taxgyany.com+5taxguru.in+5.

2. Capital Loss on Share Buybacks

Allowed only if corresponding dividend is reported under “Other Sources” for buybacks post‑1 Oct 2024 businesstoday.in+4indiafilings.com+4skmca.co.in+4.

3. Section 44BBC (Cruise Shipping)

New presumptive tax scheme for non‑resident cruise ship businesses. 20% of gross receipts deemed profit, optional audit businesstoday.in+4business-standard.com+4taxguru.in+4.

4. Raw Diamonds Disclosure (Rule 10TIA)

For companies dealing in uncut diamonds, profits must meet a safe‑harbour margin (≥ 4% of receipts), captured via Schedule BP taxguru.in+5indiafilings.com+5angelone.in+5.

5. Interest on Home Loan – Section 24(b)

Expanded disclosures regarding housing loan interest are required economictimes.indiatimes.com+15taxgyany.com+15timesofindia.indiatimes.com+15.

6. TDS Section Codes

Schedule‑TDS now requires walk-through of TDS section codes (e.g., 194A, 194C), improving reconciliation with Form 26AS reddit.com+9taxgyany.com+9indiafilings.com+9.

7. Entity-Level & ESG Disclosures

New fields for PAN, CIN, incorporation date, audit filing section, foreign remittances, and ESG/CSR reporting, audit‑trail software usage, and DPIIT recognition for startups under Section 80IAC are introduced businesstoday.in+2efiletax.in+2angelone.in+2.

8. Winnings & IFSC Dividends

Schedule OS updated to include winnings from online games (Section 115BBJ) and dividends from units in IFSC taxed at 10% taxmann.com.

9. MSME Payments Disclosure

Under Section 43B, payments made beyond due dates to micro/small enterprises must be declared under Part A‑OI taxmann.com.

🗂 Form Structure Overview

Part A‑Gen / Other Info / BP / CG / OS / TDS / Tax Paid etc.
Includes schedules for business/profession (BP), capital gains (CG), other income (OS), TDS, tax paid, and foreign asset/tax credit disclosures business-standard.com.

⏰ Filing Deadline

Domestic companies: File by 31 October 2025 (non-audit) and 30 November 2025 (transfer-pricing cases) taxgyany.com+5financialexpress.com+5businesstoday.in+5.
Particular note: Return section code selection built-in for E‑filing.

⚙️ Why These Changes Matter

Reflect new tax rates and preserve transitional rules.
Enhance transparency in cruise operations, diamond trade, and ESG.
Improve reconciliation with TDS and deductions.
Encourage digital compliance via audit-trail and entity disclosures.

✅ Filing Tips

Accurate CG breakdown for pre/post-July 2024; misreporting can trigger assessments businesstoday.in+1taxgyany.com+1 business-standard.com+15taxguru.in+15timesofindia.indiatimes.com+15 efiletax.in.
Match buyback entries: Include dividend in OS and loss in CG to claim properly.
Cruise businesses: Use 44BBC route only if beneficial.
Keep debt & loan details handy for Section 24(b) inputs.
Follow TDS section codes closely for Schedule‑TDS.
MSME payments: disallowed deductions only if late payments.
Entity & ESG info must align with ROC and CSR reports.
Winnings/IFSC dividends: Include even if trace amounts.

📌 Summary

ITR‑6 is the corporate tax return form for companies (excluding charitable trusts). The AY 2025‑26 revision focuses on split capital gains, buyback losses, cruise business reporting, raw diamonds income, ESG/CSR, TDS details, home‑loan interest, MSME compliance, and foreign/IFSC income. These changes promote transparency, alignment with new laws, and reconciliation accuracy.

Let me know if you’d like help mapping your financials into ITR‑6, drafting Schedule BP/CG, or ensuring ESG/ESG disclosures are in order.

Key updates in ITR‑6 AY 2025‑26