TaxTMI 
TaxTMI 
Income-tax (seventh Amendment) Rules, 2012 - Amends rule 12(1)
X X X X Extracts X X X X
X X X X Extracts X X X X
....d, namely:- "who is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6"; (ii) in sub-rule (3), in the proviso, in clause (aa) after the words "being a resident," the words, brackets and figures "other than not ordinarily resident in India within the meaning of sub-section (6) of section 6" shall be inserted; (B) in Appendix-II, (i) for Forms ITR-5, the following shall be substituted, namely:- (ii) for Form ITR-6, the following shall be substituted, namely:- "Forms ITR-5 and ITR-6 have been separately attached" [F.No.142/31/2011 -TPL]/S.O. 1453(E) ============= Document 1 AUDIT INFORMATION FILING STATUS PERSONAL INFORMATION FORM ITR-5 INDIAN INCOME TAX RETURN [For firms, AOPS and BOIS] (Please see Rule 12 of the Income-tax Rules, 1962) (Also see attached instructions) Assessment Year 2012-13 Part A-GEN Name GENERAL PAN Is there any change in the name? If yes, please furnish the old name Flat/Door/Block No Date of formation (DD/MM/YYYY) Name Of Premises/Building/Village Road/Street/Post Office Area/Loca....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s ☠No ã…ã… C. If Yes, mention the percentage of share of the foreign company in the AOP/BOI. D. Particulars of persons who were partners/ members in the firm/AOP/BOI on 31st day of March, 2012 S.No. Name and Address Percentage of share (if determinate) PAN Nature of business or profession, if more than one business or profession indicate the three main activities/ products S.No. Code [Please see instruction Description (ii) (iii) No.7(ii)] Part A-BS SOURCES OF FUNDS BALANCE SHEET AS ON 31ST DAY OF MARCH, 2012 (fill items 1 to 5 in a case where regular books of accounts are maintained, otherwise fill item 6) 1 Partners' / members' fund a Partners' members' capital b Reserves and Surplus i Revaluation Reserve ii Capital Reserve iii Statutory Reserve iv Any other Reserve V Total (bi+bii + biii + biv) c Total partners'/members' fund (a + bv) 2 Loan funds a Secured loans i Foreign Currency Loans ii Rupee Loans A From Banks B From others a bi bii biii biv by 1c al iiA iiB Status Code APPLICATION OF FUNDS iiC aiii bi bi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Total (4a+4b+4c) 4d 5 5 Total, application of funds (1e + 2c+3e +4d) 6 In a case where regular books of account of business or profession are not maintained, furnish the following information as on 31st day of March, 2012, in respect of business or profession a Amount of total sundry debtors b Amount of total sundry creditors Ñ Amount of total stock-in-trade d Amount of the cash balance 6a 6b 6c 6d Part A-P& L Profit and Loss Account for the year 2011-12 (fill items 1 to 50 in a case where regular books of accounts are maintained, otherwise fill item 51) 1 Sales/Gross receipts of business or profession (Net of returns and refunds and duty or tax, if any) 1 2 Duties, taxes and cess, received or receivable, in respect of goods and services sold or supplied a Union Excise duties b Service tax 2a 2b C VAT/Sales tax 2c d Any other duty, tax and cess e Total of duties, taxes and cess, received or receivable(1a+1b+1c+1d) Other income 2d 2e 13 a Rent b Commission Ñ Dividend За 3b 3c d Interest 3d e Profit on sale of fixed assets Ð....
X X X X Extracts X X X X
X X X X Extracts X X X X
....34 Rates and taxes, paid or payable to Government or any local body (excluding taxes on income) a Union excise duty 34a b Service tax 34b Ñ VAT/Sales tax d Cess 34c 34d e Any other rate, tax, duty or cess including STT f Total rates and taxes paid or payable (34a+34b+34c+34d+34e) 35 Audit fee 36 Other expenses 34e 34f 35 36 OTHER INFORMATION PROVISIONS FOR TAX AND APPROPRIATIONS 37 Bad debts 38 Provision for bad and doubtful debts 39 Other provisions 40 Profit before interest, depreciation and taxes |[5 − (6 + 7 + 8h + 9 to 14 + 15k + 16e + 17 to 33 + 34f+ 35 to 39)] 41 Interest 42 Depreciation 43 Profit before taxes (40-41-42) 44 Provision for current tax 45 Provision for Deferred Tax 46 Profit after tax (43 – 44–45) - 47 Balance brought forward from previous year 48 Amount available for appropriation (46 +47) 49 Transferred to reserves and surplus 50 Balance carried to balance sheet in partner's account (48-49) In a case where regular books of account of business or profession are not maintained, 51 furnish the following information for....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... bond бе f Amount of contributions to a recognised provident fund 6f g Amount of contributions to an approved superannuation fund 6g 5f ☠☠☠h Amount of contributions to an approved gratuity fund i Amount of contributions to any other fund j Amount of bad and doubtful debts 6h 6i 6j k Provision for bad and doubtful debts 1 Amount transferred to any special reserve m Expenditure for the purposes of promoting family planning amongst employees 6k 61 6m n Any sum received from employees as contribution to any provident fund or superannuation fund or any fund set up under ESI Act or any other fund for the welfare of employees to the extent credited to the employees account on or before the due date 6n o Any other disallowance 60 p Total amount disallowable under section 36 (total of 6a to 60) 7 Amounts debited to the profit and loss account, to the extent disallowable under section 37 a Expenditure of personal nature; Expenditure on advertisement in any souvenir, b brochure, tract, pamphlet or the like, published by a political party; 7a ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... State financial corporation or a State Industrial investment corporation 10d 9f e Any sum payable as interest on any loan or borrowing from any scheduled bank f Any sum payable towards leave encashment 10e 10f g Total amount allowable under section 43B (total of 10a to 10f) 11 Any amount debited to profit and loss account of the previous year but disallowable under section 43B:- a Any sum in the nature of tax, duty, cess or fee under any law b Any sum payable by way of contribution to any provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees c Any sum payable to an employee as bonus or commission for services rendered 11a 11b 11c 10g d Any sum payable as interest on any loan or borrowing from any public financial institution or a State financial corporation or a State Industrial investment corporation 11d e Any sum payable as interest on any loan or borrowing from any scheduled bank 11e f Any sum payable towards leave encashment 11f g Total amount disallowable under Section 43B(total of 11a to 11f) 11g 12 Amount of credit outsta....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ong-term without indexation (B 4e of Schedule- 3bii CG) (enter nil if loss) iii Total Long Term Capital Gain(3bi+3bii) (enter 3biii nil if loss) Ñ Total capital gains (3aiii + 3biii) (take the figure adjusted to Schedule CYLA) 4 Income from other sources a from sources other than from owning race horses (3 4a of Schedule OS) (enter nil if loss) b from owning race horses (4c of Schedule OS) (enter nil 4b if loss) Ñ Total (4a+4b) (enter nil if loss) 5 Total (1+2iv + 3c +4c) 6 Losses of current year to be set off against 5 (total of 2ix, 3ix and 4ix of Schedule CYLA) 7 Balance after set off current year losses (6-7) 8 Brought forward losses to be set off losses against 6 (total of 2ix, 3ix and 4ix of Schedule BFLA) 9 Gross Total income (6 – 7 – 8) (also 5x of Schedule BFLA) 10 Deductions under Chapter VI-A (1 of Schedule VIA) 11 Total income (9-10) 12 Net agricultural income/ any other income for rate purpose (4 of Schedule EI) 13 Aggregate income' (11 +12) 14 Losses of current year to be carried forward (total of xi of Schedule CFL) 3Ñ 4c 5 6 7 8 9 10 11 12 13 14 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... letters), son/ holding permanent account number daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return and the schedules thereto is correct and complete and that the amount of total income and other particulars shown therein are truly stated and are in accordance with the provisions of the Income-tax Act, 1961, in respect of income chargeable to income-tax for the previous year relevant to the assessment year 2012-13. I further declare that I am making this return in my capacity as and I am also competent to make this return and verify it. Place Date Sign here → Schedule HP Details of Income from House Property (Please refer instructions) Address of property 1 Town/City State PIN Code 1 Is the property co-owned? ☠Yes ☠No (if "YES" please enter following details) Your percentage of share in the property. S.No Name of Co-owner(s) PAN of Co-owner (s) (optional) Percentage Share in Property (optional) HOUSE PROPERTY 2 i ii (Tick) if let out Name of Tenant PAN of Tenant (optional) a Annual letable value/ rent....
X X X X Extracts X X X X
X X X X Extracts X X X X
....From business or profession other than speculative business and specified business INCOME FROM BUSINESS OR PROFESSION Зе 3h 3i 4a 4b 4c 1 Profit before tax as per profit and loss account (item 43 or item 51d of Part A-P&L) 2a Net profit or loss from speculative business included lin 1 1 2a 2b Net profit or loss from Specified Business u/s 35AD included in 1(enter -ve sign in case of loss) 2b 3 Income/receipts credited to profit and loss account considered under other heads of income 3 4 Profit or loss included in 1, which is referred to in 4 section 44AD/44AE/44AF/44B/44BB/44BBA/44BBB/ 44D/44DA Chapter-XII-G/ First Schedule of Income- tax Act 5 Income credited to Profit and Loss account (included in 1)which is exempt a share of income from firm(s) b Share of income from AOP/BOI C Any other exempt income d Total exempt income 5a 5b 5c 5d 6 Balance (1-2a-2b-3-4-5d) 7 Expenses debited to profit and loss account considered under other heads of income 6 7 8 Expenses debited to profit and loss account which relate to exempt income 8 9 10 11 9 Total....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... amount allowable as deduction 30 31 Total (25+26+27+28 +29c+30) 31 32 Income (13 + 24-31) 32 33 Profits and gains of business or profession deemed to be under - i Section 44AD 33i ii Section 44AE 33ii iii Section 44AF 33iii iv Section 44B 33iv v Section 44BB 33v vi Section 44BBA 33vi vii Section 44BBB 33vii DEPRECIATION ON PLANT AND MACHINERY viii Section 44D ix Section 44DA x Chapter-XII-G 33 viii 33ix 33 x xi First Schedule of Income-tax Act 33xi xii Total (33i to 33xi) 33xii 34 Profit or loss before deduction under section 10A/10AA/10B/10BA (32 + 33x) 35 Deductions under section- 34 i 10A (6 of Schedule-10A) ii 10AA (d of Schedule-10AA) iii 10B (f of Schedule-10B) 35i 35ii 35iii 35iv iv 10BA (f of Schedule-10BA) V Total (35i +35ii +35iii +35iv) 36 Net profit or loss from business or profession other than speculative business (34 – 35v) 35v 36 37 Net Profit or loss from business or profession (same as above in 36 except in case of special A37 business, after applying rule 7A, 7B or 7C) B Computation of income from speculativ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r more in the previous year 5 Consideration or other realization 6 during the previous year out of 3 or 4 Amount on which depreciation at full rate to be allowed (3+4 -5) (enter 0, if result is negative) 7 Additions for a period of less than 180 days in the previous year 8 Consideration or other realizations 9 during the year out of 7 Amount on which depreciation at half rate to be allowed (7-8) (enter 0, if result in negative) 10 Depreciation on 6 at full rate 11 Depreciation on 9 at half rate 12 Additional depreciation, if any, on 4 13 Additional depreciation, if any, on 7 14 Total depreciation* (10+11+12+13) 15 Expenditure incurred in connection with transfer of asset/ assets 16 Capital gains/loss under section 50 (5+8-3-4-7-15) (enter negative only if block ceases to exist) 17 Written down value on the last day of previous year* (6+9-14) (enter 0 if result is negative) Building Furniture and Intangible Ships 5 10 100 fittings 10 assets 25 20 (i) (ii) (iii) (iv) (v) (vi) Schedule DEP Summary of depreciation on assets Plant and machinery ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 4 5 6 Deduction under section 35 Expenditure of the nature referred to in section Amount, if any, debited to profit and loss account Amount of deduction allowable (2) (3) Amount of deduction in excess of the amount debited to profit and loss account (4) = (3) - (2) (1) i 35(1)(i) ii 35(1)(ii) iii 35(1)(iii) iv 35(1)(iv) V 35(2AA) vi 35(2AB) vii total Schedule CG Capital Gains A Short-term capital gain 1 From slump sale a Full value of consideration b Net worth of the under taking or division la 1b c Short term capital gains from slump sale 1c d Deduction if any under Chapter IV-E 1d e Net short term capital gains from slum sale (1c - 1d) 2 From assets in case of non-resident to which first proviso to section 48 applicable 3 From assets in the case of others a Full value of consideration b Deductions under section 48 За le 2 i Cost of acquisition bi ii Cost of Improvement bii iii Expenditure on transfer biii iv Total (bi+bii + biii) biv Ñ Balance (3a-biv) 3c d Loss, if any, to be ig....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e value from Item B 4e of Schedule CG AFTER loss adjustment under this category in Schedule |CYLA and BFLA, if any. 2 Long-term where proviso under section 112(1) is NOT exercised (With Indexation)- Code in SI Schedule is 21, Tax Rate is 20%; Enter only positive value from Item (B6-B4e) of Schedule CG AFTER loss adjustment under this category in Schedule CYLA and BFLA, if any. 3 Short-term under 111A- Code in SI Schedule is 1A, Tax Rate is 15%; Enter only positive value from Item A7 of Schedule CG AFTER loss adjustment under this category in Schedule CYLA and BFLA, if any. 4 Short-term OTHERS- Taxed at normal rates; Enter only positive value from Item 48 of Schedule CG AFTER loss adjustment under this category in Schedule CYLA and BFLA, if any. Upto 15/9 (i) C 16/9 to 15/12 (ii) 16/12 to 15/3 16/3 to 31/3 (iii) (iv) Please include the income of the specified persons referred to in Schedule SPI while computing the income under this head Schedule OS Income from other sources 1 Income other than from owning race horse(s):- OTHER SOURCES a Dividends, Gross la b Interest, Gross ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ation Income iv Specified business income V Short-term capital gain vi Long-term capital gain viii Other sources income (excluding profit from owning race horses and winning from lottery) viii Profit from owning and |maintaining race horses ix Total of brought forward loss set off X Current year's income remaining after set off Schedule CFL Details of Losses to be carried forward to future years Brought forward allowance under section 35(4) set off Current year's income remaining after set off 4 5 Total (i5 + ii5 + iii5 + iv5+v5+vi5 +vii5+viii5) CARRY FORWARD OF LOSS SI. No. Loss from Assessment Year Date of Filing House Loss from Loss from (DD/MM/YYYY) property loss business other speculativ Specified than loss from e business Business i 2004-05 ii 2005-06 iii 2006-07 iv 2007-08 V 2008-09 vi 2009-10 vii 2010-11 viii 2011-12 ix X xi Total of earlier year losses Adjustment of above losses in Schedule BFLA 2012-13 (Current year losses) xii Total loss Carried Forward to future years Unabsorbed depreciation Schedule UD ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....f Total (a+b+c+d+e) a b C d e 5b 5c 5d 6 a b Ñ d a b C d e f f Schedule 80G Details of donations entitled for deduction under section 80G A Donations entitled for 100% deduction without qualifying limit Name and address of donee PAN of Donee Amount of donation Eligible Amount of donation i ii iii iv vi Total B Donations entitled for 50% deduction without qualifying limit Name and address of donee i ii iii iv V vi Total C Donations entitled for 100% deduction subject to qualifying limit Name and address of donee i ii iii iv V vi Total D Donations entitled for 50% deduction subject to qualifying limit PAN of Donee Amount of donation Eligible Amount of donation PAN of Donee Amount of donation Eligible Amount of donation DEDUCTION U/S 80-IB E Name and address of donee PAN of Donee Amount of donation Eligible Amount of donation i ii iii iv V vi Total Total donations (Avi + Bvi + Cvi + Dvi) Schedule 80-IA DEDUCTION U/S 80-IA Deductions under section 80-IA a Ded....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... n Total deduction under section 80-IB (Total of a to m) Schedule 80-IC or 80-IE DEDUCTION U/S 80- Deductions under section 80-IC or 80-IE 1 m 1 Deduction in respect of industrial undertaking located in Sikkim 2 Deduction in respect of industrial undertaking located in Himachal Pradesh 3 Deduction in respect of industrial undertaking located in Uttaranchal 4 Deduction in respect of industrial undertaking located in North-East a Assam b Arunachal Pradesh 4a 4b n 1 2 3 f c Manipur d Mizoram e Meghalaya f Nagaland g Tripura 4c 4d 4e 4f 4g h Total of deduction for undertakings located in North-east (Total of 4a to 4g) 5 Total deduction under section 80-IC or 80-IE (1+2+3+4h) Schedule VI-A a 80G Deductions under Chapter VI-A f 80IB (n of Schedule 80-IB b 80GGA g 801C/80-IE (5 of TOTAL DEDUCTIONS Schedule 80-IC/80- IE) c 80GGC d 80IA (f of Schedule 80-IA) e 801AB Total deductions under Chapter VI-A (Total of a to k) h 80-ID i 80JJA j 80LA k 80P 4h 5 Schedule AMT Computation of Alternate Minimum Tax payable under sect....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... excluded under rule 7, 7A, 7B or 8) 5 Share in the profit of firm/AOP etc. 6 Others 7 Total (1+2+3+4+5+6) Schedule IT SI No Details of Advance Tax and Self Assessment Tax Payments of Income-tax BSR Code Date of Deposit (DD/MM/YYYY) Serial Number of Challan TAX PAYMENTS ii NOTE Schedule TDS SI No TDS ON OTHER INCOME Enter the totals of Advance tax and Self Assessment tax in Sl No. 11a & 11d of Part B-TTI Amount (Rs) Details of Tax Deducted at Source on Income [As per Form 16 A issued by Deductor(s)] Tax Deduction Name of the Deductor Account Number Unique TDS Certificate Number Financial year in which TDS deducted Total Tax Deducted Amount out of (6) claimed this Year (TAN) of the (1) Deductor (2) (3) (4) (5) (6) (7) NOTE Please enter total of column 7 of Schedule-TDS in 12(b) of Part B-TTI Schedule TCS கத௠No (1) Details of Tax Collected at Source [As per Form 27D issued by the Collector(s)] Name of the Collector Tax Deduction and Tax Collection Account Number of the Collector (2) (3) Total tax collected Amount ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (ii) Country Code (3) Nature of Asset (4) Total Investment (at cost) (in rupees) (5) E Details of account(s) in which you have signing authority and which has not been included in A to D above. Name of the Institution in which the account is held (2) Address of the Institution (3) Name mentioned in the account (4) Peak Balance/Investment during the year (in rupees) (5) (ii) NOTE Please refer to the instructions for filling up this schedule. 1. 2. 3. 4. Instructions for filling out FORM ITR-5 These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. Assessment Year for which this Return Form is applicable This Return Form is applicable for assessment year 2012-2013 only, i.e., it relates to income earned in Financial Year 2011-12. Who can use this Return Form This Form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a person wh....
X X X X Extracts X X X X
X X X X Extracts X X X X
....column for “Status Code". Following Status Codes are to be used. S.No Entity 1 Individual 2 HUF 3 Firm 4 LLP 5 Domestic Company 6 Foreign Company 7 Co-Operative Society 8 Local Authority 9 Trust 10 AOP/BOI 11 Any other Artificial Juridical Person Status Code a b Ñ d e f g h i j k (i) (ii) 7. Instructions for filling out this Form Some of the details in this form have to be filled out on the basis of the relevant codes. The codes for nature of business to be filled in 'Part-A- Nature of business' are as under- Sector Sub-Sector Code (1) Manufacturing Industry Agro-based industries 0101 Automobile and Auto parts 0102 Cement 0103 Diamond cutting 0104 Drugs and Pharmaceuticals 0105 Electronics including Computer Hardware 0106 Engineering goods 0107 Fertilizers, Chemicals, Paints 0108 Flour & Rice Mills 0109 Food Processing units 0110 Marble & Granite 0111 Paper 0112 Petroleum and Petrochemicals 0113 Power and energy 0114 Printing & Publishing 0115 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ins (without indexing) Dividends, interest and income from units purchase in foreign currency Income from royalty or technical services where agreement entered between 31.3.1961 to 31.3.1976 in case of royalty and between 29.2.1964 and 31.3.1976, and agreement is approved by the Central Government. Income from royalty & technical services Income from royalty & technical services entered on or before 31.5.1997 115A(1)(b) if of fourth Schedule 111A 15 1A 112 20 21 112 10 22 115A(1)(a) 20 5Ala Paragraph EII of 50 FA Part I of first schedule of Finance Act 115A(1)(b) if 30 5A1b1 agreement is 20 20 5A1b2 9. 10. 11. 12. 13. 14. 15. 16. Income from royalty & technical services Income received in respect of units purchase in foreign currency by a off-shore fund Income by way of long-term capital gains arising from the transfer of units purchase in foreign currency by a off-shore fund Income from bonds or GDR purchases in foreign currency or capital gains arising from their transfer in case of a non-resident Income from GDR p....
X X X X Extracts X X X X
X X X X Extracts X X X X
....headwise income(s) as per procedures prescribed by the law. A separate Schedule is provided for such set-off. (iv) Set off, as per procedures prescribed by the law, loss(es) and/or allowance(s) of earlier assessment year(s) brought forward. Also, compute loss(es) and/or allowance(s) that could be set off in future and is (are) to be carried forward as per procedures prescribed by the law. Separate Schedules are provided for this. (v) Aggregate the headwise end-results as available after (iv) above; this will give you "gross total income". (vi) From gross total income, subtract, as per procedures prescribed by the law, “deductions†mentioned in Chapter VIA of the Income-tax Act. The result will be the total income. Besides, calculate agricultural income for rate purposes. (2) Computation of income-tax, education cess including secondary and higher education cess and interest in respect of income chargeable to tax (a) 300 00 (b) (c) (d) (e) Compute income-tax payable on the total income. Special rates of tax are applicable to some specified items. Include agricultural income, as prescribed, for rate purpose....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... regarding an outline of the total income and tax computation in respect of income chargeable to tax.. There are 37 schedules details of which are as under- (a) Schedule BA: Details of bank account. (b) Schedule-HP: Computation of income under the head Income from House Property (c) Schedule-BP: Computation of income under the head "profit and gains from business or profession" (d) Schedule-DPM: Computation of depreciation on plant and machinery under the Income-tax Act (e) Schedule DOA: Computation of depreciation on other assets under the Income-tax Act (f) Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act Schedule DCG: Computation of deemed capital gains on sale of depreciable assets (h) Schedule ESR: Deduction under section 35 (expenditure on scientific research) (i) Schedule-CG: Computation of income under the head Capital gains. (j) Schedule-OS: Computation of income under the head Income from other sources. (k) Schedule-CYLA: Statement of income after set off of current year's losses (1) Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years. (m) Schedu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he details to be filled out in Part-Gen of this form are self-explanatory. However, some of the details mentioned below are to be filled out as explained hereunder:- (a) e-mail address and phone number are optional; (b) The code for sections under which the return is filed be filled as per code given in instruction No.6. (c) In case the return is being filed by you in a representative capacity, please ensure to quote your PAN in item “PAN of the representative assessee". In case the PAN of the person being represented is not known or he has not got a PAN in India, the item for PAN in the first line of the return may be left blank. It may please be noted that in the first line of this form, the name of the person being represented be filled. 12. PART A-BS AND PART A-P&L 13. (a) (b) (c) The Balance Sheet as on 31st March, 2012 and the profit and loss account for financial year 2011-12 in the formats provided in these parts have to be filled in respect of business or profession carried out by you during the financial year 2011-12 if you were required to maintain accounts of the business or profession during the year. In case, ac....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Deduction is available for unrealized rent in the case of a let-out property. If such a deduction has been taken in an earlier assessment year, and such unrealized rent is actually received in the assessment year in question, the unrealized rent so received is to be shown in item 4a of this Schedule. Item 4b of this Schedule relates to enhancement of rent with retrospective effect. Here mention back years' extra rent received thereon, and claim deduction @ 30% of such arrear rent received. (c) Schedule-BP,- (i) The computation in this schedule has to be started on the basis of profit before tax as shown in item 43 of Part-A- P&L. (ii) In case any item of addition or deduction not covered by the items mentioned in this schedule be filled in residual items 21 and 26 of this schedule. (iii) In case accounts of business or profession are not maintained, the profit as entered into by you in item 50d of Part A-P&L. (iv) In case, agricultural income to be excluded on the basis of rule 7A, 7B or 7C (in business of growing and manufacturing tea, coffee etc), it shall not be included in the item 5c of this schedule. (v) In A-37, net profit or ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....mputation for all the assets if more than one long-term capital asset has been transferred. For computing long-term capital gain, cost of acquisition and cost of improvement may be indexed, if required, on the basis of following cost inflation index notified by the Central Government for this purpose. Sl.No. Financial Year Cost Inflation Index Sl.No. 1. 1981-82 100 16. Financial Year 1996-97 Cost Inflation Index 305 2. 1982-83 109 17. 1997-98 331 3. 1983-84 116 18. 1998-99 351 4. 1984-85 125 19. 1999-00 389 5. 1985-86 133 20. 2000-01 406 6. 1986-87 140 21. 2001-02 426 7. 1987-88 150 22. 2002-03 447 8. 1988-89 161 23. 2003-04 463 9. 1989-90 172 24. 2004-05 480 10. 1990-91 182 25. 2005-06 497 11. 1991-92 199 26. 2006-07 519 12. 1992-93 223 27. 2007-08 551 13. 1993-94 244 28. 2008-09 582 14. 1994-95 259 29. 2009-10 632 15. 1995-96 281 30. 2010-11 711 31. 2011-12 785 (iii) (iv....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n the first row against the heading loss to be adjusted under the respective head. These losses are to be set off against income under other heads in accordance with the provisions of section 71. The amount set off against the income of respective heads has to be entered into in columns 2, 3 and 4, in the relevant rows. (iii) Mention the end-result of the above inter-head set-off(s) in column 5, head wise, in relevant rows. (iv) Total of loss set off out of columns 2, 3 and 4 have to be entered into row ix. (v) The losses remaining for set off have to be entered in row x. (j) Schedule-BFLA,- (i) Mention only positive incomes of the current year (after set-off of loss in Schedule-CYLA in column 1, headwise in relevant rows. (ii) The amount of brought forward losses which may be set off are to be entered in column 2 in respective rows. (iii) The end result of the set off will be entered in column 3 in respective heads. The total of column 3 shall be entered in row viii which shall give the amount of gross total income. (iv) The total amount of brought forward losses set off during the year shall be entered in column 2 of row ix. (k) Schedu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ed in. Section 80G(1)(i) read with section 80G(2) contains the list of funds/ institutions donations to which are eligible for 100% deduction in hands of the donor. (iii) In Pat-B of this Schedule, the details of donations which are entitled for 50% deduction without any qualifying limit are to be filled in where such donations have been given to the funds/ institutions which are not required to be approved by an authority for this purpose. Section 80G (1) (i) read with section 80G (2) also contains the list of such funds/ institutions. (iv) In Part-C of this Schedule, the details of donations which are entitled for 100% deduction subject to a qualifying limit are to be filled in. (v) In Part-D of this Schedule, the details of donations which are entitled for 50% deduction subject to a qualifying limit are to be filled in. (vi) It may kindly be noted that where the aggregate donations referred to in Part-E and donations referred to in sub-clauses (v), (vi), (via) and (vii) of clause (a) and in clauses (b) and (c) of section 80G (2) exceeds 10% of total income (before deduction under other provisions of Chapter VI-A), than the excess amount ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....I,- Furnish the details of income like agriculture income, interest, dividend, etc. which is exempt from tax. (x) Schedule-IT,- (i) In this schedule, fill out the details of payment of advance income-tax and income-tax on self- assessment. (ii) The details of BSR Code of the bank branch (7 digits), date of deposit, challan serial no., and amount paid should be filled out from the acknowledgement counterfoil. (y) Schedule- TDS,- (i) (ii) In this Schedule fill the details of tax deducted on the basis of TDS certificates (Form No.16A) issued by the deductor(s). Details of each certificate are to be filled separately in the rows. In case rows provided in these Schedules are not sufficient, please attach a table in same format. (iii) It may please be noted that the TDS certificates are not to be annexed with the Return Form. (z) Schedule TCS,- (i) (ii) In this Schedule, fill the details of tax collected at source on the basis of TCS certificates (Form No. 27D) issued by the Collector. In case rows provided in these Schedules are not sufficient, please attach a table in same format. (iii) It may please be noted that the TD....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ficial or ownership interest. (v) any other entity in which the resident owns, directly or indirectly, any voting power or equity interest or assets or interest in profits. (3) the total investment in col(5) of part (B) has to be filled up as peak investment held during the year after converting it into Indian currency. (C) The total investment in col(5) of part (C) has to be filled up as peak investment in immovable property held during the year after converting it into Indian currency. (D) The total investment in col(5) of part (D) has to be filled up as peak investment held during the year after converting it into Indian currency. (E) The details of peak balance/investment in the accounts in which you have signing authority and which has not been included in Part (A) to Part (D) mentioned above has to be filled up as peak investment/balance held during the year after converting it into Indian currency. (iii) For the purpose of this Schedule, the rate of exchange for the calculation of the value in rupees of such asset situated outside India shall be the telegraphic transfer buying rate of such currency as on the date of peak balance i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ishing the return. Write the designation of the person signing the return. (b) In case the return is to be furnished electronically in the manner mentioned in instruction no. 5(iii), please fill verification form (Form ITR-V) (c) Please note that any person making a false statement in the return or the accompanying schedules shall be liable to be prosecuted under section 277 of the Income-tax Act, 1961 and on conviction be punishable under that section with rigorous imprisonment and with fine. Document 2 FILING STATUS PERSONAL INFORMATION FORM ITR-6 INDIAN INCOME TAX RETURN [For Companies other than companies claiming exemption under section 11] (Please see rule 12 of the Income-tax Rules, 1962) (Also see attached instructions) Assessment Year 2012-13 Part A-GEN Name GENERAL PAN Is there any change in the company's name? If yes, please furnish the old name Flat/Door/Block No Name Of Premises/Building/Village Date of incorporation (DD/MM/YYYY) Road/Street/Post Office Town/City/District Area/Locality State Office Phone Number with STD code Mobile No. Email Address Pin code If a domest....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Shares held Address of Subsidiary Company Percentage of Shares held In case of amalgamating company, mention the details of amalgamated company Name of Amalgamated Company PAN Address of Amalgamated Company In case of amalgamated company, mention the details of amalgamating company PAN Name of Amalgamating Company PAN In the case of demerged company, mention the details of resulting company Name of Resulting Company In a case of resulting company, mention the details of demerged company PAN Name of Demerged Company Address of Amalgamating Company Address of Resulting Company Address of Demerged Company Particulars of Managing Director, Directors, Secretary and Principal officer(s) who have held the office during the previous year S.No. Residential Address Name Designation PAN Particulars of persons who were beneficial owners of shares holding not less than 10% of the voting power at any time of the previous year S.No. Name and Address Percentage of shares held PAN SOURCES OF FUNDS NATURE OF COMPANY AND ITS BUSINESS (Tick) Nature of company Are you a public sector company as defi....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 4 Sources of funds (1c + 2c+3) Application of Funds 1 Fixed assets a Gross: Block b Depreciation Ñ Net Block (a - b) d Capital work-in-progress e Total (1c+1d) 2 Investments a Long-term investments i Government and other Securities - Quoted ii Government and other Securities - Unquoted iii Total (ai aii) b Short-term investments i Equity Shares ii Preference Shares iii Debenture iv Total (bi+ bii + biii) c Total investments (aiii + biv) Current assets, loans and advances 3 a Current assets i Inventories Stores/consumables including packing ᎥᴠiC iiA iiB iiC biii 2c 3 4 la 1b 1c 1d le ai aii aiij bi bii biii biv 2c A iA material B Raw materials ᎥᴠC Stock-in-process iC D Finished Goods/Traded Goods iD ¡E E Total (iA+iB + iC + iD) ii Sundry Debtors A Over Six Months B Others iiA iiB iiC C Total (iiA + iiB) iii Cash and Bank Balances A Cash-in-hand iiiA B Balance with banks iiiB C Total (iiiA+ iiiB) iiiC iv Other Current Assets aiv V....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... j Any other income k Total of other income [(a)to(j)] 4 Closing Stock 5 Totals of credits to profit and loss account (1+2e+3k+4) 6 Opening Stock 7 Purchases (net of refunds and duty or tax, if any) 8 Duties and taxes, paid or payable, in respect of goods and services purchased a Custom duty 8a 3i 3j 3k 4 5 6 7 b Counter vailing duty c Special additional duty d Union excise duty e Service tax f VAT/Sales tax g Any other tax, paid or payable h Total (8a+8b+8c+8d+8e+8f+8g) 9 Freight 10 Consumption of stores and spare parts 11 Power and fuel 12 Rents 13 Repairs to building 14 Repairs to machinery 15 Compensation to employees a Salaries and wages b Bonus c Reimbursement of medical expenses d Leave encashment 8b 8c 8d 8e 8f 8g 8h 9 10 11 12 13 14 15a 15b 15c 15d e Leave travel benefits 15e f Contribution to approved superannuation fund 15f g Contribution to recognised provident fund 15g h Contribution to recognised gratuity fund 15h i Contribution to any other fund 15i j Any other benefit to emplo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....4AB) 1 Method of accounting employed in the previous year (Tick) ✓ mercantile 2 Is there any change in method of accounting (Tick) ☑ Yes cash No 3 3 Effect on the profit because of deviation, if any, in the method of accounting employed in the previous year from accounting standards prescribed under section 145A 4 Method of valuation of closing stock employed in the previous year a Raw Material (if at cost or market rates whichever is less write 1, if at cost write 2, if at market rate write 3) b Finished goods (if at cost or market rates whichever is less write 1, if at cost write 2, if at market rate write 3) Ñ Is there any change in stock valuation method (Tick) ☠Yes ☠No 4d d Effect on the profit or loss because of deviation, if any, from the method of valuation prescribed under section 145A 5 Amounts not credited to the profit and loss account, being - a the items falling within the scope of section 28 5a b the proforma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or value added tax, where such credits, drawbacks or 5b ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nder section 37(total of 7a to 7g) A. Amounts debited to the profit and loss account, to the extent disallowable under section 40 7e 7f 7g бр 7h Amount disallowable under section 40 (a)(i), 40(a)(ia) and 40(a)(iii) on account of non- a Ðа compliance with the provisions of Chapter XVII-B Amount of tax or rate levied or assessed on the b Ab basis of profits Ñ Amount paid as wealth tax Ac Amount of interest, salary, bonus, commission d Ad e or remuneration paid to any partner or member Any other disallowance Ae f Total amount disallowable under section 40(total of Aa to Ae) 8Af B. Any amount disallowed under section 40 in any preceding previous year but allowable during the previous year 8B 9 Amounts debited to the profit and loss account, to the extent disallowable under section 40A a Amounts paid to persons specified in section 40A(2)(b) 9a b Amount paid otherwise than by account payee cheque or account payee bank draft under section 40(3)- 100% disallowable 9b c Provision for payment of gratuity 9c d any sum paid by the assessee as an e....
X X X X Extracts X X X X
X X X X Extracts X X X X
....it and loss account (net) Part A-QD Quantitative details (optional in a case not liable for audit under section 44AB) (a) In the case of a trading concern 1 Opening stock 2 Purchase during the previous year QUANTITATY DETAILS 3 Sales during the previous year 4 Closing stock 5 Shortage/ excess, if any (b) In the case of a manufacturing concern 6 Raw materials a Opening stock b Ñ Purchases during the previous year Consumption during the previous year d Sales during the previous year e Closing stock f Yield finished products g Percentage of yield h Shortage/ excess, if any 7 Finished products/ By-products a opening stock b purchase during the previous year c quantity manufactured during the previous year d sales during the previous year e closing stock 12e 13 14 15 1 2 3 4 5 6a 6b 6c 6d бе 6f 6g 6h 7a 7b 7c 7d 7e TOTAL INCOME f shortage/excess, if any Part B - TI Computation of total income 1 Income from house property (4c of Schedule-HP) (enter nil if loss) 2 Profits and gains from business or profess....
X X X X Extracts X X X X
X X X X Extracts X X X X
....cation cess, including secondary and higher education cess on (2c+3) 5 Gross tax liability (2c+3+47) 6 Gross tax payable (higher of 5 and 1d) 7 Credit under section 115JAA of tax paid in earlier years (if 5 is more than 1d) (7 of Schedule MATC) 8 Tax payable after credit under section 115JAA [ (6-7)] 9 Tax relief a Section 90/90A(1B1 of Schedule TR) 9a 2c 3 4 5 6 6 8 2iv 1 7f TAXES PAID b Section 91(1B2 of Schedule TR) 9b c Total (9a9b) 9c 10 10 Net tax liability (8-9c) 11 Interest payable a For default in furnishing the return (section 234A) 11a b For default in payment of advance tax (section 234B) 11b c For deferment of advance tax (section 234C) 11c 11d 12 d Total Interest Payable (11a+11b+11c) 12 Aggregate liability (10 + 11d) 13 Taxes Paid a Advance Tax (from Schedule-IT) b TDS (column 7 of Schedule-TDS) Ñ TCS (column 5 of Schedule-TCS) d Self Assessment Tax (from Schedule-IT) e Total Taxes Paid (13a+13b+13c + 13d) 14 Amount payable (Enter if 12 is greater than 13e, else enter 0) 13a 13b 13c 13d 15 Refund (If 13e is greater than 12....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ress of property 2 Town/City 2 Is the property co-owned? Yes ☠No (if "YES" please enter following details) Your percentage of share in the property. S.No Name of Co-owner(s) PAN of Co-owner (s) (optional) Percentage Share in Property (optional) i ii (Tick) if let out Name of Tenant PAN of Tenant (optional) a Annual letable value/ rent received or receivable (higher if let out for whole of the year, lower if let out for part of the year) 2a b The amount of rent which cannot be realized 2b Ñ Tax paid to local authorities 2c 2d d Total (2b+ 2c) 3 e Balance (2a-2d) 30% of 2e g Interest payable on borrowed capital h Total (2f+2g) i Income from house property 2 (2e – 2h) Address of property 3 Town/City 2f 2g 2e 2h 2i State PIN Code Is the property co-owned? Yes ☠No (if "YES" please enter following details) Your percentage of share in the property. S.No Name of Co-owner(s) PAN of Co-owner (s) (optional) Percentage Share in Property (optional) i ii (Tick) if let out Name of Tenant PAN of Tenant (optiona....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nt for depreciation (10 +11 - 12iii) 14 Amounts debited to the profit and loss account, to the 14 extent disallowable under section 36 (6p of Part-OI) 15 Amounts debited to the profit and loss account, to the 15 extent disallowable under section 37 (7h of Part-OI) 16 Amounts debited to the profit and loss account, to the| 16 extent disallowable under section 40 (8Ae of Part-OI) 18 17 Amounts debited to the profit and loss account, to the 17 extent disallowable under section 40A (9f of Part-OI) 18 Any amount debited to profit and loss account of the previous year but disallowable under section 43B (11g of Part-OI) 19 Interest disallowable under section 23 of the Micro, Small and Medium Enterprises Development Act,2006 19 20 Deemed income under section 41 21 Deemed income under section 33AB/33ABA/35ABB/ 72A/80HHD/80-IA 20 21 22 Any other item or items of addition under section 28 to 44DA 22 23 Any other income not included in profit and loss account/any other expense not allowable (including income from salary, commission, bonus and interest from firms in which company is a partner) 23 6 10 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ied business 42 Net profit or loss from specified business as per profit or loss account (enter nil if loss) 43 Additions in accordance with section 28 to 44DA 44 Deductions in accordance with section 28 to 44DA (other than deduction u/s 35AD) 45 Profit or loss from specified business (42+43-44) 46 Deductions in accordance with section 35AD 47 Profit or loss from specified business (45-46) (enter nil if loss) D Income chargeable under the head ‘Profits and gains' (A37+B41+C47) Schedule DPM 1 2 Rate (%) Depreciation on Plant and Machinery Block of assets 38 39 40 B41 C 42 43 44 45 46 47 D Plant and machinery 15 30 40 50 60 80 100 (i) (ii) (iii) (iv) (v) (vi) (vii) DEPRECIATION ON PLANT AND MACHINERY 3 Written down value on the first day of previous year 4 Additions for a period of 180 days or more in the previous year 5 Consideration or other realization during the previous year out of 3 or 4 6 Amount on which depreciation at full rate to be allowed (3 + 4-5) (enter 0, if result in negative) 7 Additions for a period of less....
X X X X Extracts X X X X
X X X X Extracts X X X X
....iation @ 80 per cent Schedule DPM - 14 vi) 1f 1g Schedule DPM-14 vii) Building Furniture and Intangible Ships fittings assets 5 10 100 10 25 20 (i) (ii) (iii) (iv) (v) (vi) g Block entitled for depreciation @ 100 per cent h Total depreciation on plant and machinery (la+1b+1c+1d+ le + 1f + 1g) 2 Building a Block entitled for depreciation @ 5 per cent (Schedule DOA-14i) 2a b Block entitled for depreciation @ 10 per cent (Schedule 2b DOA-14ii) c Block entitled for depreciation @ 100 per cent 2c (Schedule DOA- 14iii) 1h 3 d Total depreciation on building (2a+2b+2c) Furniture and fittings(Schedule DOA- 14 iv) 4 Intangible assets (Schedule DOA- 14 v) 5 Ships (Schedule DOA- 14 vi) 6 Total depreciation ( 1h+2d+3+4+5) Schedule DCG Deemed Capital Gains on sale of depreciable assets Plant and machinery a Block entitled for depreciation @ 15 per cent (Schedule DPM - 16i) la b Block entitled for depreciation @ 30 per cent (Schedule 1b DPM-16ii) c Block entitled for depreciation @ 40 per cent(Schedule 1c DPM-16iii) d Block entitled for deprec....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tal short term capital gain (1e +2 +3f +4 +5) 7 Short term capital gain under section 111A included in 6 8 Short-term capital gain other than referred to in section 111A (6-7) B Long term capital gain 1 From slump sale a Full value of consideration la b Net worth of the under taking or division 1b c Long term capital gains from slump sale 1c d Deduction if any under Chapter IV-E 1d e Net long term capital gain from slump sale (1c – 1d) 2 Asset in case of non-resident to which first proviso to section 48 applicable 3 Asset in the case of others where proviso under section 112(1) not exercised a Full value of consideration b Deductions under section 48 3a 3f 4 5 6 7 8 le 2 i Cost of acquisition after indexation bi ii Cost of improvement after indexation bii iii Expenditure on transfer biii iv Total (bi + bii+biii) biv C Balance (3a - biv) 3c d Deduction under sections 54D/ |54EC/54G/ 54GA. 3d e Net balance (3c-3d) 3e 4 a Full value of consideration Asset in the case of others where proviso under section 112(1) exercised ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ng race horses) (1g + 2) (enter 1g as nil if loss) 4 Income from owning and maintaining race horses 3 a Receipts 4a b Deductions under section 57 in relation to (4) c Balance (2a - 2b) 4b 4c 5 Income chargeable under the head “Income from other sources†(3 + 4c) (enter 4c as nil if loss and take 4c loss figure to Schedule CFL) 5 Schedule CYLA Sl.No Head/Source of Income Details of Income after set-off of current years losses Income of current year (Fill this column only if income is zero or positive) House property loss of the current year set off Total loss (4c of Schedule -HP) 2 Business Loss (other than speculation or specified business loss) of the current year set off Total loss (A37 of Schedule-BP) 3 Other sources loss (other than loss from race horses) of the current year set off Total loss (1g-4c) of Schedule-OS [where 1g is loss and 4c is income] 4 Current year's Income remaining after set off 5-1-2-3-4 1 Loss to be adjusted i House property ii Business (excluding speculation income) iii Speculation in....
X X X X Extracts X X X X
X X X X Extracts X X X X
....iation set- off against the current year income (5) Balance Carried forward to the next year (6) DEDUCTION U/S 10A Schedule 10A Deduction under section 10A 1 Deduction in respect of units located in Software Technology Park a Undertaking No.1 b Undertaking No.2 c Undertaking No.3 d Undertaking No.4 e Undertaking No.5 la 1b 1c 1d le f Total (la+1b+ 1c + 1d +le) 2 Deductions in respect of units located in Electronic Hardware Technology Park a Undertaking No.1 2a b Undertaking No.2 2b e Undertaking No.3 2c d Total (2a 2b+ 2c) 3 Deductions in respect of units located in Free Trade Zone a Undertaking No.1 b Undertaking No.2 e Undertaking No.3 d Total (3a + 3b+3c) 4 Deductions in respect of units located in Export Processing Zone Undertaking No.1 4a За 3b 3c a b Undertaking No.2 c Undertaking No.3 d Total (4a + 4b+ 4c) 4b 1f 2d 3d 4c 4d 5 Deductions in respect of units located in Special Economic Zone a Undertaking No.1 b Undertaking No.2 c Undertaking No.3 d Total (5a+5b+ 5c) 6 Total of (1f +2d +3d+ 4d+ 5d) ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....f industrial undertaking referred to a in section 80-IB(3) [Small-scale industry] DEDUCTION U/S 80-IB b Deduction in respect of industrial undertaking located in Jammu & Kashmir [Section 80-IB(4)] b c Deduction in respect of industrial undertaking located in industrially backward states specified in Eighth Schedule [Section 80-IB(4)] d Deduction in respect of industrial undertaking located in industrially backward districts [Section 80-IB(5)] C d e Deduction in the case of multiplex theatre [Section 80- IB(7A)] e f Deduction in the case of convention centre [Section 80- IB(7B)] g Deduction in the case of company carrying on scientific research [Section 80-IB(8A)] h Deduction in the case of undertaking which begins commercial production or refining of mineral oil [Section 80-IB(9)] iDeduction in the case of an undertaking developing and i building housing projects [Section 80-IB(10)] j Deduction in the case of an undertaking operating a cold j chain facility [Section 80-IB(11)|| g h PAN of Donee Amount of donation Eligible Amount of donation PAN of Donee Amount of donation Eligible Amo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....o be excluded under rule 7, 7A, 7B or 8) 5 Share in the profit of firm/AOP etc. 4 5 6 Others 6 7 7 Total (1+2+3+4+5+6) Tax thereon ii MINIMUM ALTERNATE TAX Schedule MAT 1 2 Computation of Minimum Alternate Tax payable under section 115JB Whether the Profit and Loss Account is prepared in accordance with the provisions of Parts II and III of Schedule VI to the Companies Act, 1956 (If yes, write '1', if no write '2') Whether, for the Profit and Loss Account referred to in item 1 above, the same accounting policies, accounting standards and same method and rates for calculating depreciation have been followed as have been adopted for preparing accounts laid before the company at its annual general body meeting? (If yes, write '1', if no write '2' 3 4 5 Profit after tax as shown in the Profit and Loss Account (enter item 46 of Part A-P&L) Additions (if debited in profit and loss account) a Income Tax paid or payable or its provision including the amount of deferred tax and the provision therefor b Reserve (except reserve under section 33AC) c Provisions for unascertained liability d Provisions ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Amount of tax credit under section 115JAA [enter 4C(viii)] 5 ☠☠6 Amount of MAT liability available for credit in subsequent assessment years [enter 4E(viii)] Schedule - DDT Details of payment of Dividend Distribution Tax 1 Date of declaration of distribution or payment of any dividend profits of domestic companies 2 Rate of dividend, distributed or paid during the previous year DIVIDEND DISTRIBUTION TAX a Interim (rate %) 2a b Final (rate %) 2b 3 Amount of any dividend declared, distributed or paid 4 Tax payable on dividend declared, distributive or paid 3 a Additional Income-tax payable under section 115-0 4a b Surcharge on 4a 4b Ñ Education Cess on (4a + 4b) 4c d Total tax payable (4a + 4b + 4c) 4d 5 Interest payable under section 115P 6 Additional income-tax + interest payable (4d +5) 5 6 7 Tax and interest paid (Total of v Schedule DDTP) 7 8 Net payable/refundable (6-7) 8 Schedule IT SI No TAX PAYMENTS i ii 1 Details of Advance Tax and Self Assessment Tax Payments of Income-tax BSR Code Date of Deposit (DD/MM/YYYY) Serial Number of C....
X X X X Extracts X X X X
X X X X Extracts X X X X
....utside India Total taxes paid on income declared in Schedule FSI (A) Tax Relief Claimed (B) Relief claimed u/s 90/90A (B1) Relief claimed u/s 91 (B2) Taxes Paid outside India Total 2 Total Taxes Paid outside India (Total of 1A) 3 Total Taxes Paid outside India where DTAA is applicable 4 Total Taxes Paid outside India where DTAA is not applicable (2-3) NOTE Please refer to the instructions for filling up this schedule. 2 3 4 Schedule FA Details of Foreign Assets A Details of Foreign Bank Accounts SI Country Name No (1) i (2) Country Code Name and Address of the Bank Name mentioned in the account Peak Balance During the Year (in rupees) (3) (4) (5) (6) DETAILS OF FOREIGN ASSETS ii B Details of Financial Interest in any Entity SI Country Name No (1) Country Code (2) (i) (ii) C Details of Immovable Property SI No (1) (i) (ii) Country Name (2) Nature of entity (3) Name and Address Total Investment (at cost) (in of the Entity (4) rupees) (5) Country Code (3) Address of the Property (4) T....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the form, you are advised to read the following- 9. (1) Computation of total income (a) (b) "Previous year" is the financial year (1st April to the following 31st March) during which the income in question has been earned. "Assessment Year" is the financial year immediately following the previous year. Total income is to be computed as follows, in the following order: (i) Classify all items of income under the following heads of income- (A) "Income from house propertyâ€; (B) “Profit and gains from business or professionâ€; (C) “Capital gainsâ€; and (D) "Income from other sources". [There may be no income under one or more of the heads at (A), (B), (C) and (D)]. (ii) Compute taxable income of the current year (i.e., the previous year) under each head of income separately in the Schedules which have been structured so as to help you in making these computations as per provisions of the Income-tax Act. These statutory provisions decide what is to be included in your income, what you can claim as an expenditure or allowance and how much, and also what you cannot claim as an expenditure/allowance. (iii) ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....- Nature of business' are as under- Sector (1) Manufacturing Industry Sub-Sector Agro-based industries Automobile and Auto parts Cement Diamond cutting Drugs and Pharmaceuticals Electronics including Computer Hardware Engineering goods Fertilizers, Chemicals, Paints Code 0101 0102 0103 0104 0105 0106 0107 0108 Flour & Rice Mills 0109 Food Processing units 0110 Marble & Granite 0111 Paper 0112 Petroleum and Petrochemicals 0113 Power and energy 0114 Printing & Publishing 0115 Rubber 0116 Steel 0117 Sugar 0118 Tea, Coffee 0119 Textiles, handloom, Power looms 0120 Tobacco 0121 Tyre 0122 Vanaspati & Edible Oils 0123 Others 0124 (2) Trading Chain Stores 0201 Retailers 0202 Wholesalers 0203 Others 0204 (3) Commission Agents (4) Builders General Commission Agents 0301 Builders 0401 Estate Agents 0402 Property Developers 0403 Others 0404 (5) Contractors Civil Contractors 0501 Excise Contractors 0502 Forest Contractors 0503 Mining Contractors 0....
X X X X Extracts X X X X
X X X X Extracts X X X X
....oyalty & technical services entered on or before 31.5.1997 115A(1)(b) if 20 5A1b2 agreement is entered on or after 31.5.1997 but before 1.6.2005 9. Income from royalty & technical services 115A(1)(b)if 10 5A1b3 agreement is on or after 1.6.2005 10. Income received in respect of units purchase in foreign currency by a off-shore fund 115AB(1)(a) 10 5AB1a 11. 10 5AB1b 12. 13. 14. 15. Income by way of long-term capital gains arising 115AB(1)(b) from the transfer of units purchase in foreign currency by a off-shore fund Income from bonds or GDR purchases in foreign currency or capital gains arising from their transfer in case of a non-resident Income from GDR purchased in foreign currency or capital gains arising from their transfer in case of a resident Profits and gains of life insurance business Winnings from lotteries, crosswords puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever 115AC(1) 10 5AC 115ACA(1) 10 5ACA 115B 12.5 5B 115BB 30 5BB ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....me under the head Income from other sources. Schedule-CYLA: Statement of income after set off of current year's losses (m) (n) Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier Schedule- CFL: Statement of losses to be carried forward to future years. Schedule -UD: Details of unabsorbed depreciation years. 3 (z) (aa) Schedule- 10A: Computation of deduction under section 10A Schedule- 10AA: Computation of deduction under section 10AA Schedule- 10B: Computation of deduction under section 10B Schedule-80G: Details of donation entitled for deduction under section 80G Schedule- 80IA: Computation of deduction under section 80IA Schedule- 80IB: Computation of deduction under section 80IB Schedule- 801C or 80IE: Computation of deduction under section 80IC or 80 IE Schedule-VIA: Statement of deductions (from total income) under Chapter VIA. Schedule-SI: Statement of income which is chargeable to tax at special rates Schedule-EI: Statement of Income not included in total income (exempt incomes) Schedule-MAT: Computation of Minimum Alternate Tax payable under section 115JB Schedule-....
X X X X Extracts X X X X
X X X X Extracts X X X X
....epresented is not known or he has not got a PAN in India, the item for PAN in the first line of the return may be left blank. It may please be noted that in the first line of this form, the name of the person being represented be filled. 13. PART A-BS AND PART A-P&L (a) The Balance Sheet as on 31st March, 2012 and the profit and loss account for financial year 2011-12 in the formats provided in these parts have to be filled in respect of proprietory business or profession carried out by you during the financial year 2011-12 if you were required to maintain accounts of the business or profession during the year. (b) In case, accounts of the business or profession were required to be audited, the items of balance sheet and profit and loss account filled in the these parts should broadly match with the audited balance sheet and profit and loss account. (c) In case, you were not required to maintain accounts of the business or profession during the year, please fill out the details mentioned in these parts against portion 'No account case'. 14. PART A-OI AND PART A-QD 15. SCHEDULES (a) If the accounts of the business or profession were no....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Here mention back years' extra rent received thereon, and claim deduction @ 30% of such arrear rent received. The computation in this schedule has to be started on the basis of profit before tax as shown in item 43 of Part-A- P&L. (ii) In case any item of addition or deduction not covered by the items mentioned in this schedule be filled in residual items 21 and 26 of this schedule. (iii) In case accounts of business or profession are not maintained, the profit as entered into by you in item 50d of Part A-P&L. (iv) In case, agricultural income to be excluded on the basis of rule 7A, 7B or 7C (in business of growing and manufacturing tea, coffee etc), it shall not be included in the item 5c of this schedule. (v) In A-37, net profit or loss from business or profession is to be computed, only in special cases, e.g. business of growing and manufacturing tea, coffee, etc., where rules 7A, 7B or 7C is applicable otherwise, the figure of profit/ loss as computed is A-36 may be entered. (vi) Item C of this schedule computes the total of profit or loss from business or profession (other than speculative business and profit or loss from speculative ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 21. 2001-02 426 7. 1987-88 150 22. 2002-03 447 8. 1988-89 161 23. 2003-04 463 9. 1989-90 172 24. 2004-05 480 10. 1990-91 182 25. 2005-06 497 11. 1991-92 199 26. 2006-07 519 12. 1992-93 223 27. 2007-08 551 13. 1993-94 244 28. 2008-09 582 14. 1994-95 259 29. 2009-10 632 15. 1995-96 281 30. 2010-11 711 31. 2011-12 785 (111) (iv) Sections 54/54B/54D/54EC/ 54F/54G/54GA mentioned in this schedule provides exemption on capital gains subject to fulfillment of certain conditions. Exemption under some of these sections is available only in respect of long-term capital gains. Therefore, please ensure that you are claiming the benefit of any of these sections correctly in accordance with the provisions of law. Item C of this Schedule computes the total of short-term capital gain and long-term capital gain (item A6 + item B6). Please note that if balance in item B6 in respect of long-term capital gain is a loss, same shall not be set-off against short-term capital gain. In such situation, the....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... year (after set-off of loss in Schedule-CYLA in column 1, headwise in relevant rows. (ii) The amount of brought forward losses which may be set off are to be entered in column 2 in respective rows. (iii) The end result of the set off will be entered in column 3 in respective heads. The total of column 3 shall be entered in row viii which shall give the amount of gross total income. (iv) The total amount of brought forward losses set off during the year shall be entered in column 2 of row vii. (j) Schedule-CFL,- (i) In this Schedule, the summary of losses carried from earlier years, set off during the year and to be carried forward for set off against income of future years is to be entered. (ii) The losses under the head “house property", "profit and gains of business or profession" short term capital loss and long term capital loss, losses from other sources (other than losses from race horses) are allowed to be carried forward for 8 years. However, loss from owning and maintaining race horses can be carried forward only for 4 assessment years. (iii) Loss from specified business needs to be mentioned in the column designated for the....
X X X X Extracts X X X X
X X X X Extracts X X X X
....te donations referred to in Part-E and donations referred to in sub-clauses (v), (vi), (via) and (vii) of clause (a) and in clauses (b) and (c) of section 80G (2) exceeds 10% of total income (before deduction under other provisions of Chapter VI-A), than the excess amount shall be ignored for purpose of computing deduction under section 80G. (p) Schedule- 80IA, Schedule- 80IB, Schedule- 80IC and Schedule-80-IE: (i) If there are more than one undertaking entitled for deduction under any of these sections, please enter the details of deduction in relevant schedule for each undertaking separately. (ii) The amount of deduction for an undertaking shall be as per item 30 of Form No.10CCB being the report of audit under sections 80-IA/ 80-IB/80-IC and 80-IE. (q) Schedule-VIA,- (i) The total of the deductions allowable is limited to the amount of gross total income. For details of deductions allowable, the provisions of the Chapter VI-A may kindly be referred to. (ii) For deductions under sections 80-IA, 80-IB, 80-IC and 80-IE the amount as shown in Schedules 80-IA, 80- IB and 80-IC be filled. The amount of deduction to be claimed under section ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ntral Government. (w) Schedule-IT,- In this Schedule, fill the details of payment of advance income-tax and income-tax on self-assessment. The details of BSR Code of the bank branch (7 digits), date of deposit, challan serial no., and amount paid should be filled out from the acknowledgement counterfoil. (x) Schedules- TDS,- In this Schedule fill the details of tax deducted on the basis of TDS certificates (Form 16 or Form No.16A) issued by the deductor(s). Details of each certificate are to be filled separately in the rows. In case rows provided in these Schedules are not sufficient, please attach a table in same format. It may please be noted that the TDS certificates are not to be annexed with the Return Form. (y) Schedule TCS,- In this Schedule, fill the details of tax collected at source on the basis of TCS certificates (Form No. 26) issued by the Collector. In case rows provided in these Schedules are not sufficient, please attach a table in same format. It may please be noted that the TDS certificates are not to be annexed with the Return Form. (z) Schedule-DDTP: In this Schedule, fill the details of payment of dividend distribution tax. The ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....partnership profits or an interest in partnership capital. (iv) a trust of which the resident has beneficial or ownership interest. (v) any other entity in which the resident owns, directly or indirectly, any voting power or equity interest or assets or interest in profits. (3) the total investment in col(5) of part (B) has to be filled up as peak investment held during the year after converting it into Indian currency. (C) The total investment in col(5) of part (C) has to be filled up as peak investment in immovable property held during the year after converting it into Indian currency. (D) The total investment in col(5) of part (D) has to be filled up as peak investment held during the year after converting it into Indian currency. (E) The details of peak balance/investment in the accounts in which you have signing authority and which has not been included in Part (A) to Part (D) mentioned above has to be filled up as peak investment/balance held during the year after converting it into Indian currency. (iii) For the purpose of this Schedule, the rate of exchange for the calculation of the value in rupees of such asset situated outside....