New e-filing facility and updated utilities now available Companies must act immediately to ensure timely compliance

The Income Tax Department has officially enabled online filing of ITR-6 for Assessment Year 2025-26. This move streamlines compliance for corporate taxpayers, with updated offline utilities and faster validation tools. Companies must act now to avoid last-minute rush and ensure timely submission before the July 31 and October 31 deadlines.

Breaking Update: What's Changed

The e-filing portal now accepts ITR-6 submissions directly, eliminating previous delays. Enhanced offline utilities with improved validation features are available for immediate download.

What Companies Must Know

ITR-6 applies to:

• All domestic companies registered under the Companies Act
• Foreign companies earning income from Indian sources
• Companies with nil income or losses (filing still mandatory)

Exempt: Only companies claiming exemption under Section 11 (charitable/religious purposes)

Immediate Action Required

Step 1 – Access & Prepare

• Log into the e-filing portal at www.incometax.gov.in
• Download the latest ITR-6 utility (version 1.0 for AY 2025-26)
• Gather financial statements, audit reports, and Form 26AS

Step 2 – File & Verify

• Complete return preparation using online or offline mode
• Validate data using the built-in error-check tool
• Submit using valid Digital Signature Certificate (mandatory for all companies)
• E-verify within 30 days via DSC, Aadhaar OTP, or net banking

Critical Deadlines

• Companies without audit requirement: July 31, 2025
• Companies requiring tax audit: October 31, 2025

Key Benefits

• Faster Processing: Electronic filing enables quicker refund disbursals and notice responses, improving cash flow management.
• Error Reduction: Advanced validation tools flag discrepancies before submission, reducing defective returns and scrutiny risk.
• Real-Time Tracking: Monitor filing status and respond to notices directly through the portal dashboard.

Avoid These Common Errors

• Mismatched TDS amounts between Form 26AS and claimed credits
• Incomplete disclosure of foreign assets or international transactions
• Incorrect income classification under various heads
• Missing exempt income reporting in designated schedules

Support Resources

• Technical Support: efilingwebmanager@incometax.gov.in
• Video Tutorials: Available on Income Tax Department's official YouTube channel
• Help Section: Access comprehensive FAQs and guides on the e-filing portal

Expert Advice

Tax professionals recommend immediate action: "Early filing allows time to identify and resolve discrepancies before deadline pressure. Companies should begin the process this week rather than waiting for October."

Next Steps for Compliance

• Download latest utilities and review system requirements
• Reconcile accounts and compile documentation
• Initiate draft return preparation

Don't Delay: With filing now active, companies have the opportunity to complete compliance early and avoid year-end rush.

Visit www.incometax.gov.in for portal access and latest updates.

Note: This information is for general guidance. Consult qualified tax professionals for company-specific advice.

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