CBDT Notifies New ITR-6 Form for AY 2025-26

The Central Board of Direct Taxes has released the updated ITR-6 form for Assessment Year 2025-26, incorporating 11 new disclosure requirements for companies and LLPs. Key changes include mandatory reporting of CSR expenditures with project-wise details, break-up of intangible assets under Ind AS 116, and country-by-country reporting for entities in international transactions. The form introduces a dedicated section for startup recognition details and tax holiday claims under Section 80-IAC. Digital compliance enhancements mandate DIN for all audit reports and auto-population of 15AB (related party transaction) details from tax audit data. Companies must now disclose cryptocurrency holdings separately under "Specified Assets" with acquisition cost and FY-end valuation. The revised form also captures granular data on corporate social investments, requiring NGO registration numbers for CSR recipient entities. While the CBDT claims these changes will reduce scrutiny notices by 30%, industry bodies have sought 60 additional days for compliance due to complex new disclosures, particularly for multinationals with multi-jurisdictional operations.