Clarifications in respect of filling-up of return forms for the Assessment Year 2019-20

Clarifications in respect of filling-up of return forms for the Assessment Year 2019-20 https://www.taxtmi.com/circulars?id=62589 Clarifies procedural requirements for ITR 5, ITR 6 and ITR 7 filing for AY 2019 20: how to record transferred shareholdings in Schedule SH I/SH 2 (use transfer date as "Date of allotment" and original allottee values), use of default PAN placeholders where PAN is unavailable, exemption from Schedule SH I for section 8/25 companies via utility dropdown, preliminary dropdown in Schedule AL I/AL 2 to avoid filling asset tables, ITR 5 taxing at MMR when AOP/BOI member details are missing, correct form selection for private trusts, direct entry of exempt income for investment funds/business trusts in Part B TI, and treatment of corpus donations and other exemption claims in ITR 7 via specified Part A/Part B entries. en-us Thu, 26 Sep 2019 00:00:00 +0530 Fri, 27 Sep 2019 10:49:00 +0530 TaxTMI RSS Generator Clarifications in respect of filling-up of return forms for the Assessment Year 2019-20 https://www.taxtmi.com/circulars?id=62589 Clarifies procedural requirements for ITR 5, ITR 6 and ITR 7 filing for AY 2019 20: how to record transferred shareholdings in Schedule SH I/SH 2 (use transfer date as "Date of allotment" and original allottee values), use of default PAN placeholders where PAN is unavailable, exemption from Schedule SH I for section 8/25 companies via utility dropdown, preliminary dropdown in Schedule AL I/AL 2 to avoid filling asset tables, ITR 5 taxing at MMR when AOP/BOI member details are missing, correct form selection for private trusts, direct entry of exempt income for investment funds/business trusts in Part B TI, and treatment of corpus donations and other exemption claims in ITR 7 via specified Part A/Part B entries. Circulars Income Tax Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62589