TaxTMI 
TaxTMI 
TaxTMI 
Income-tax (seventh Amendment) Rules, 2012 - Amends rule 12(1)
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....ident 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/Locality Town/City/District Email Address State Residential/Office Phone Number with STD code If revised, then enter Re....
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....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 bii biii 2c 3 4 C Total (iiA+ iiB) iii Total (ai + iiC) b Unsecured loans (including deposits) i From Banks ii From others iii Total (bi+bii) c Total Loan Funds (aiii + biii) 3 Deferred tax liability 4 Sources of funds (1c + 2c+3) 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-....
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....f 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 Зе Profit on sale of investment being securities chargeable f 3f to Securities Transaction Tax (STT) g Profit on sale of other investment 3g h Profit on account of currency fluctuation 3h i Agriculture income 3i j Any other income 3j 3k k Total of other income [(i)to(x)] 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 b Counter vailing duty c Special additional duty d Union excise duty e Service tax 8a 8b 8c 8d 8e 4 5 6 7 DEBITS TO PROFIT AND LOSS ACCOUNT f VAT/Sales tax g Any other tax, paid or payabl....
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.... In a case where regular books of account of business or profession are not maintained, 51 furnish the following information for previous year 2011-12 in respect of business or profession 37 38 39 40 41 42 43 44 45 46 47 48 49 50 NO ACCOUNT CASE a Gross receipts b Gross profit Ñ d Expenses Net profit 51a 51b 51c 51d Part A-OI Other Information (optional in a case not liable for audit under section 44AB) 1 Method of accounting employed in the previous year (Tick) ☑ ☠mercantile cash 2 Is there any change in method of accounting (Tick) ☑ ☠Yes No Effect on the profit because of deviation, if any, in the method of accounting employed in the 3 3 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 (if Yes write 2, and if No write 2) d Effect on t....
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....ther penalty or fine; 7d Expenditure incurred for any purpose which is an e 7e offence or which is prohibited by law; g Any other amount not allowable under section 37 f Amount of any liability of a contingent nature h Total amount disallowable under section 37(total of 7a to 7g) A. Amounts debited to the profit and loss account, to the extent disallowable under section 40 7f 7g бр 7h Amount disallowable under section 40 (a)(i), 40(a)(ia) and 40(a)(iii) on account of non- Aa a compliance with the provisions of Chapter XVII-B b Amount of tax or rate levied or assessed on the basis of profits Ab Ñ Amount paid as wealth tax Ac Amount of interest, salary, bonus, commission d Ad or remuneration paid to any partner or member e 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 Ñ b Amount paid otherwise than by account paye....
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....of income or expenditure of prior period credited or debited to the profit 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 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 QUANTITIVE DETAILS a Opening stock b Purchases during the previous year c Consumption during the previous year d Sales during the previous year e Closing stock f Yield finished products g Percentage of yield Part B - TI J.O.L 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 f shortage/excess, if any Computation of total income 1 Income from house property (4c of Schedule-HP) (enter nil if loss) 2 Profits and gains from business or profession 1 2 3 4 5 ба 6b 6c 6d бе 6f 6g 6h 7a 7b 7c 7d 7e 7f i Profit and gains from business other than speculative 2i bus....
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....if 4 is more than 1c) (5 of Schedule AMTC) 6 7 Tax payable after credit under section 115JD (5-6) 7 8 Tax relief a Section 90/90A (1B1 of Schedule TR) b Section 91(1B2 of Schedule TR) c Total (8a+ 8b) 9 Net tax liability (7-8c) 10 Interest payable 8a 8b 8c 9 a For default in furnishing the return (section 234A) 10a b For default in payment of advance tax (section 234B) 10b 2iv TAXES PAID c For deferment of advance tax (section 234C) d Total Interest Payable (10a+10b+10c) 11 Aggregate liability (9 + 10d) 12 Taxes Paid a Advance Tax (from Schedule-IT) b TDS (column7 of Schedule-TDS) c TCS (column 5 of Schedule-TCS) 10c 10d 11 12a 12b 12c 12d d Self Assessment Tax (from Schedule-IT) e Total Taxes Paid (12a+12b+12c+12d) 13 Amount payable (Enter if 11 is greater than 12e, else enter 0) 14 Refund (If 12e is greater than 11) (give bank account details in Schedule BA) 12e 13 14 Schedule BA Please furnish the following information 1 Enter your bank account number (mandatory in all cases) 2 3 Do you want your refund by ☠cheque, or ☠deposited directly into your bank account? (tick as applicable ) Give additional details of your ban....
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....ear) 2a b The amount of rent which cannot be realized 2b Ñ Tax paid to local authorities 2c d Total (2b+ 2c) 2d 3 e Balance (2a - 2d) f 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 (optional) a Annual letable value/rent received or receivable (higher if let out for whole of the. if let out for part of the year) year, lower За b The amount of rent which cannot be realized 3b Ñ Tax paid to local authorities 3c 3d d Total (3b+3c) e Balance (3a-3d) f 30% of 3e g Interest payable on borrowed capital h Total (3f+3g) i Income from house property 3 (3e - 3h) 4 Income under the head "Income from house property†3f 3g a Rent of earlier years realized under section 25A/AA b Arrears of rent received during the year ....
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....13 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 assessee is a partner) 23 24 Total (14+ 15 + 16 + 17 + 18 + 19 + 20 + 21+22 +23) 25 Deduction allowable under section 32(1)(iii) 24 25 26 Amount of deduction under section 35 in excess of the 26 amount debited to profit and loss account (item vii(4) of Schedule ESR) 27 Any amount disallowed under section 40 in any 27 preceding previous year but allowable during the previous year(8Bof Part-OI) 28 Any amount disallowed under section 43B in any preceding previous year but allowable during the previous year(10g of Part-OI) 28 29 Deduction under section 35AC a Amount, if any, debited to profit and loss 29a account b Amount allowable as deduction 29b Ñ Excess amount allowable as deduction (29b - 29a) 29c 30 Any other amount allowable as deduction 30 31 Total (25+26+27+28 +29c+30) 31 32 Income (13 + ....
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....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) 38 39 40 B41 42 43 44 45 46 C47 ᎠPlant and machinery 15 30 40 50 60 80 100 (i) (ii) (iii) (iv) (v) (vi) (vii) DEPRECIATION ON OTHER ASSETS Schedule DOA 1 Block of assets 2 Rate (%) Depreciation on other assets 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 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 wh....
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....1f DPM-16vi) g Block entitled for depreciation @ 100 per cent (Schedule DPM-16vii) h Total (la +1b + 1c + 1d+le+lf+1g) 2 Building a Block entitled for depreciation @ 5 per cent (Schedule DOA-16i) 2a b Block entitled for depreciation @ 10 per cent (Schedule 2b DOA- 16ii) Ñ Block entitled for depreciation @ 100 per cent (Schedule DOA- 16iii) d Total (2a+2b+2c) 3 Furniture and fittings (Schedule DOA- 16iv) 4 Intangible assets (Schedule DOA- 16v) 5 Ships (Schedule DOA- 16vi) 6 Total (1h+2d+3+4+5) Schedule ESR SI No 1g 1h 2c 2d 3 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 sh....
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.... GAINS†(A6 + B6) (enter B6 as nil, if loss) D Information about accrual/receipt of capital gain Date 1 Long-term where proviso under section 112(1) is exercised (Without Indexation)- Code in SI Schedule is 22, Tax Rate is 10%; Enter only positive 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 c....
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....ort-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 SI No Assessment Year (1) (2) Amount of brought forward unabsorbed depreciation (3) i ii iii iv V vi vii Total speculative business and specif....
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....it 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 Deduction in respect of profits of an enterprise referred to a in section 80-IA(4)(i) [Infrastructure facility] b Deduction in respect of profits of an undertaking referred| b to in section 80-IA(4)(ii) [Telecommunication services] c Deduction in respect of profits of an undertaking referred Ñ to in section 80-IA(4)(iii) [Industrial park and SEZs] d Deduction in respect of profits of an undertaking referred d to in section 80-IA(4)(iv) [Power] e Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(v) [Revival of power g....
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....ion 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 section 115JC Total Income as per item 11 of PART-B-TI 1 1 Adjustment as per section 115JC(2) 2 a Deduction Claimed under any section included in Chapter VI-A under the heading "C.-Deductions in respect of certain incomes" 2a b Deduction Claimed u/s 10AA 2b C Total Adjustment (2a+ 2b) 2c Adjusted Total Income under section 115JC(1) (1+2c) 3 3 Tax payable under section 115JC [18.5% of (3)] 4 4 Schedule AMTC Computation of tax credit under section 115JD 1 Tax under section 115JC in assessment year 2012-13 (1c of Part-BTTI) 1 2 Tax under other provisions of the Act in assessment year 2012-13 (4 of Part-B-TTI) 2 3 Amount of tax against which credit is available [enter (2-1) if 2 is greater than 1, otherwise 3 enter 0] 4 Utilisation of AMT credit Available (Sum of AMT ....
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....mber of the Collector (2) (3) Total tax collected Amount out of (4) claimed during the year (4) (5) TCS ON INCOME -- NOTE Enter the total of column (5) in Sl No. 11c of Part B-TTI Schedule FSI INCOME ACCRUING OR ARISING OUTSIDE INDIA Details of Income accruing or arising outside India 1 Details of Income included in Total Income in Part-B-TI above Country Code Taxpayer Identification Number Income from House Property (included in PART-B-TI (A) Business Income (included in PART-B- TI) (B) Capital Gain Income (included in PART-B-TI) (C) Total 2 Total Income from outside India (Total of E as per item no.1 above) 3 Total Income from outside India where DTAA is applicable 4 Total Income from outside India where DTAA is not applicable (2-3) NOTE Please refer to the instructions for filling up this schedule. Schedule TR Details of Taxes Paid outside India 1 Details of Taxes Paid outside India Country Code Taxpayer Identification Number TAXES PAID OUTSIDE INDIA Total Other source Income (included in PART-B-TI) (D) 2 3 4 Total Income from Outside India (E)=A+B+C+D Total taxes paid on income declared in Schedule FSI (A) (B) R....
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.... enclosed with this Return Form will be detached and returned to the person filing the return. Manner of filing this Return Form This Return Form can be filed with the Income Tax Department in any of the following ways, - (i) by furnishing the return in a paper form; (ii) by furnishing the return electronically under digital signature; (iii) by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR- V; (iv) by furnishing a Bar-coded return. However, a firm whose accounts are liable to audit under section 44AB shall compulsorily furnish the return in the manner mentioned at (ii) above. Where the Return Form is furnished in the manner mentioned at 5(iii), the assessee should print out two copies of Form ITR-V. One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bangaluru-560100 (Karnataka). The other copy may be retained by the assessee for his record. 5. Filling out the acknowledgement 6. Sl.No. 1. 11. 111 iv V. vi. vii. VIII. Only one copy of this Return Form is required to be filed. Where the Return Form is furnished....
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....ining Contractors 0504 Others 0505 (6) Professionals Chartered Accountants, Companies Secretaries, etc. 0601 Fashion designers 0602 Legal professionals 0603 (7) Service Sector Medical professionals Nursing Homes Specialty hospitals Others 0604 0605 0606 0607 Advertisement agencies 0701 Beauty Parlours 0702 Consultancy services 0703 Courier Agencies 0704 Computer training/educational and coaching institutes 0705 Forex Dealers 0706 Hospitality services 0707 Hotels 0708 (8) Financial Service Sector I.T. enabled services, BPO service providers Security agencies Software development agencies Transporters Travel agents, tour operators Others Banking Companies Chit Funds Financial Institutions Financial service providers Leasing Companies 0709 0710 0711 0712 0713 0714 0801 0802 0803 0804 0805 Money Lenders 0806 Non-Banking Finance Companies 0807 Share Brokers, Sub-brokers, etc. 0808 Others 0809 (9) Entertainment Industry Cable T.V. productions 0901 Film distribution 0902 Film laboratories 0903 Motion Picture Producers 0904 Television Channels 0905 Others 0906 Sl. No. (iii) In Schedule SI, the codes for the ....
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.... 10 5Eb 21. Double Taxation Agreement DTAA 8. BRIEF SCHEME OF THE LAW- Before filling out the form, you are advised to read the following- (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) Salaries; (B) “Income from house property"; (C) "Profit and gains from business or profession"; (D) "Capital gains"; and (E) “Income from other sources". [There may be no income under one or more of the heads at (A), (B), (D) and (E)]. (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 ....
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....00/- in case of a cooperative society, during the financial year 2011-12. Every firm shall furnish the return of income whether it has income or loss during the year. The deduction under sections 10A, 10B, 80-IA, 80-IAB, 80-IB, 80-IC, 80-ID and 80-IE shall not be allowed unless the return has been filed on or before the due date. 9. SCHEME OF THE FORM The Scheme of this form follows the scheme of the law as outlined above in its basic form. The Form has been divided into three parts. It also has thirty seven schedules. The details of these parts and the schedules are as under:- (i) Part-A has five sub-divisions as under- (iii) (a) Part A-GEN mainly seeks general information requiring identificatory and other data; (b) Part A-BS seeks the balance sheet as on 31st March, 2012; (c) Part A-P&L seeks information regarding the Profit and loss account for the financial year 2011-12; (d) Part A-OI seeks other information. It is optional in a case not liable for audit under section 44AB (e) Part A-QD seeks information regarding quantitative details of the principal item of goods traded. It is optional in a case not liable for audit under section 44AB. The second part, i.e, P....
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....n salary. (dd) Schedule-TCS: Statement of tax collected at source (ee) Schedule FSI: Details of income accruing or arising outside India (ff) Schedule TR: Details of Taxes paid outside India (gg) Schedule FA: Details of Foreign Assets 10. GUIDANCE FOR FILLING OUT PARTS AND SCHEDULES All items must be filled in the manner indicated therein; otherwise the return maybe liable to be held defective or even invalid. ((1) General (i) (ii) If any schedule is not applicable score across as “---NA---“. (iii) If any item is inapplicable, write “NA†against that item. (iv) Write "Nil" to denote nil figures. (vi) Except as provided in the form, for a negative figure/ figure of loss, write “-†before such figure. All figures should be rounded off to the nearest one rupee. However, the figures for total income/ loss and tax payable be finally rounded off to the nearest multiple of ten rupees. (2) Sequence for filling out parts and schedules (ii) 3333 Part A Schedules Part B Part C Verification . 11. PART A-GEN Most of the details to be filled out in Part-Gen of this form are self-explanatory. However, some of the details mentioned ....
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....e, please quote the MICR code of the bank if you desire to receive the refund through electronic clearing system (ECS). However, it may not be possible to issue the refund in all cases through ECS since the ECS facility is not available across the country. (b) Schedule-HP,- If there are more than three house properties, the details of remaining properties need to be filled in a separate sheet in the format of this Schedule and attach this sheet with this return. The results of all the properties have to be filled in last row of this Schedule. Following points also need to be clarified,- (i) (ii) (iii) Annual letable value means the amount for which the house property may reasonably be expected to let from year to year, on a notional basis: Deduction for taxes paid to local authority shall be available only if the property is in the occupation of a tenant, and such taxes are borne by the assessee and not by the tenant and have actually been paid during the year. 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 y....
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....other assets). The summery of depreciation as per these schedules has to be shown in schedule DEP. Deemed short term capital gain, if any as computed in schedule DPM and DOA has to be entered into schedule DCG. (f) Schedule ESR: Deduction under section 35 (expenditure on scientific research): (g) In column (2) of this schedule, please furnish the details of deduction to which you are entitled under provisions of this section. In column (1), please enter the amounts of expenses of the nature covered by section 35 which are, if, debited to profit and loss account. Please note that no deduction for depreciation is available in respect of capital asset for which deduction under section 35(1)(iv) has been claimed. Schedule-CG,- (i) (ii) If more than one short-term capital asset has been transferred, make the combined computation for all the assets. Similarly, make the combined computation 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 pu....
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....t the losses arising under the head Income from other sources. Item 5 of this Schedule computes the total income chargeable under the head “Income from other sources" (item 1g + item 2 + item 3 + item 4c). If balance in item 4c from owning and maintaining race horses is a loss, please enter 0 and enter the total of item 3 in item 5. (i) Schedule-CYLA,- (i) Mention only positive incomes of the current year in column 1, head wise, in the relevant rows. (ii) Mention total current year's loss(es), if any, from house property, business or profession and other sources (other than losses from race horses) in 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 ....
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....n, please enter the details of deduction for each undertaking separately. (ii) The amount of deduction under this section for an undertaking shall be as per item 15 of Form No.56H being the report of audit under section 10BA. (q) Schedule-80G,- (i) In this Schedule, the details of donation given by you which are entitled for deduction under section 80G have to be filled. (ii) In Part-A of this Schedule, the details of donations which are entitled for 100% deduction without any qualifying limit are to be filled 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 ar....
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....Schedule -AMTC, Mention the details for computation of tax credit where LLP is subject to Alternate Minimum Tax and the credit for the same is being carried forward to subsequent assessment years. (v) Schedule-SI,- Mention the income included in total income which is chargeable to tax at special rates. The codes for relevant section and special rate of taxes are given in Instruction No.9 (iii). (w) Schedule-EI,- 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 ....
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....the entity. (ii) a corporation in which the resident owns, directly or indirectly, any share or voting power. (iii) a partnership in which the resident assessee owns, directly or indirectly, an interest in 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....
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....n a bar coded return format, please fill up the required information in the Verification. Strike out whatever is not applicable. Please ensure that the verification has been signed before furnishing 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 ....
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....ompany 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 defined in section 2(36A) of the Income-tax Act ☠Yes No 1 Are you a company owned by the Reserve Ban....
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....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 Total current assets (iE + iiC + iiiC + aiv) b Loans and advances av i Loans to subsidiary companies bi ii Advances recoverable in cash or in kind or for value to be received bii Deposits, loans and advances to corporate and iii biii others iv Balance with Revenue Authorities biv by V Total (bi + bii + biii + biv) 3c Ñ Total (av + bv) d Current liabilities and provisions i Current liabilities A Sundry Creditors B Liability for Leased Ass....
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....s 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 employees in respect of which an expenditure has been incurred 15j 15k k Total compensation to employees (15a+15b+15c+15d+15e+15f+15g+15h+15i+15j) Insurance 16 a Medical Insurance 16a b Life Insurance 16b c Keyman's Insurance 16c Other Insurance including factory, office, car, goods, 16d d etc. e Total expenditure on insurance (16a+16b+16c+16d) 16e 17 Workmen and staff welfare expenses 18 Entertainment 17 18 19 19 Hospitality 20 Conference 21 Sales promotion including publicity (other than advertisement) 22 Advertisement 20 21 22 23 23 Commission 24 Hotel, boarding and Lodging 25 Traveling expenses including foreign traveling 26 Conveyance expenses 27 Telephone expenses 28 Guest House expenses 29 Club expenses 30 Festival celebration expenses 31 Scholarship 32 Gift 33 Do....
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....service tax, or refund of sales tax or value added tax, where such credits, drawbacks or 5b refunds are admitted as due by the authorities concerned c escalation claims accepted during the previous year 5c d any other item of income 5d e capital receipt, if any 5e f Total of amounts not credited to profit and loss account (5a+5b+5c+5d+5e) 6 Amounts debited to the profit and loss account, to the extent disallowable under section 36:- a Premium paid for insurance against risk of damage ба or destruction of stocks or store b Premium paid for insurance on the health of employees 6b c Any sum paid to an employee as bonus or commission for services rendered, where such sum was otherwise payable to him as profits or dividend. 6c d Any amount of interest paid in respect of borrowed capital e Amount of discount on a zero-coupon bond 6d 6e 5f ☠☠f Amount of contributions to a recognised provident fund g Amount of contributions to an approved superannuation fund h Amount of contributions to an approved gratuity 6f 6g 6h fund i Amount of contributions to any other fund 6i j Amount of bad and doubtful debts 6j k Provision for bad and d....
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.... f Total amount disallowable under section 40A 9e 10 Any amount disallowed under section 43B in any preceding previous year but allowable during the previous year a Any sum in the nature of tax, duty, cess or fee under any law 10a 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 10b 10c 9f d Any sum payable as interest on any loan or borrowing from any public financial institution or a 10d State financial corporation or a State Industrial investment corporation e Any sum payable as interest on any loan or 10e borrowing from any scheduled bank 10f f Any sum payable towards leave encashment 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....
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....e-Bai CG) ii Short-term (others) (48 of Schedule-CG) 3aii iii Total short-term (3ai + 3aii) Baiii b i Long-term with indexation (B6-B4e of Schedule- 3bi CG) (enter nil if loss) ii Long-term without indexation (B 4e of Schedule- 3bii CG) (enter nil if loss) iii Total Long Term(3aiii+3biii) 3biii 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 (a + b) 5 Total (1+2iv + 3c +4c) 3c 4c 5 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 (5-6) 6 7 8 Brought forward losses to be set off against 7 (total of 2ix, 3ix and 4ix of Schedule BFLA) 9 Gross Total income (7 – 8) (also 5x of Schedule BFLA) 8 9 10 Deductions under Chapter VI-A (l of Schedule VIA) 10 13 Aggregate income' (11 +12) 11 Total income (9-10) 12 Net agricultural income/ any other income for rate purpose (4 of Schedule EI) 14 Losses of current year to be carried fo....
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....nt] [Ensure Schedule FA is filled up if the answer is Yes] I, number VERIFICATION son/daughter of holding permanent account 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 2012-2013. 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. HOUSE 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) Annual letable value/ rent received or recei....
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....business included in 1 (enter-ve sign in case of loss) 2b Net profit or Loss from Specified Business u/s 35AD included in 1 (enter -ve sign in case of loss) 2a 2b 3e 3h 3i 4a 4b 4c 1 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 section 44AD/44AE/44AF/44B/44BB/44BBA/44BBB/ 44D/44DA/Chapter-XII-G/ First Schedule of Income-| tax Act 4 Income credited to Profit and Loss account (included in 1) which is exempt 5 a share of income from firm(s) b Share of income from AOP/ BOI Ñ Any other exempt income d Total exempt income 6 Balance (1-2a-2b-3-4-5d) 7 Expenses debited to profit and loss account considered under other heads of income 8 Expenses debited to profit and loss account which relate to exempt income 9 Total (7+8) 10 Adjusted profit or loss (6+9) 5a 5b 5c 5d 7 8 9 11 Depreciation debited to profit and loss account included in 10 12 Depreciation allowable under Income-tax Act i Depreciation allowable under section 32(1)(ii) (column 6 of Schedule-DEP) 12i 12ii ii Depreciation allowable under section 32(1)(i) (Make your own com....
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....iv 33v 33vi 33vii 33 viii ix Section 44DA 33ix x Chapter-XII-G (tonnage) 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 + 33xii) 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 after applying rule 7A or 7B (same as above A37 in 36 except in case of special business, after applying rule 7A or 7B) B Computation of income from speculative business 38 Net profit or loss from speculative business as per profit or loss account 39 Additions in accordance with section 28 to 44DA 40 Deductions in accordance with section 28 to 44DA 41 Profit or loss from speculative business (38+39-40) C Computation of income from specified business 42 Net profit or loss from specified business as per profit or loss account (enter nil if loss) 43 Additions in accordance....
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....n 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) Schedule DEP Summary of depreciation on assets Plant and machinery a Block entitled for depreciation @ 15 per cent Schedule DPM - 14 i) b Block entitled for depreciation @ 30 la per cent 1b Schedule DPM - 14 ii) Ñ Block entitled for depreciation @ 40 per cent Schedule DPM - 14 iii) 1c d Block entitled for depreciation @ 50 per cent Schedule DPM - 14 iv) 1d e Block entitled for depreciation @ 60 per cent (Schedule DPM - 14 v) le f Block entitled for depreciation @ 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) ....
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.... Cost of Improvement bi bii iii Expenditure on transfer biii iv Total (bi+bii + biii) biv Ñ Balance (3a-biv) 3c d Loss, if any, to be ignored under section 94(7) or 94(8) (enter positive values only) e Deduction under sections 54D/54G/ 54GA f Short-term capital gain (3c – 3d - 3e) Зе 4 Deemed short capital gain on depreciable assets (6 of Schedule-DCG) 5 Amount deemed to be short term capital gains under sections 54D/54EC/54G/ 54GA 6 Total 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 ....
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....ns ii Depreciation iii Total fi fii fiii g Balance (le- fiii) 1g 2 Winnings from lotteries, crossword puzzles, races, etc. 2 3 Income from other sources (other than from owning 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 Ho....
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....n 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) Schedule 10AA DEDUCTION U/S 10AA Deduction under section 10AA Deductions in respect of units located in Special Economic Zone a Undertaking No.1 b Undertaking No.2 C Undertaking No.3 d Total (a+b+c) Schedule 10B DEDUCTION U/S 10B Deduction under section 10B Deduction in respect of ....
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....re [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 Amount of donation f k Deduction in the case of an undertaking engaged in processing, preservation and packaging of fruits and vegetables [Section 80-IB(11A)] 1 Deduction in the case of an undertaking engaged in integrated business of handling, storage and transportation of foodgrains [Section 80-IB(11A)] m Deduction in the case of an undertaking engaged in operating and maintaining a rural hospital [Section 80- |IB(11B)] n Total deduction under section 80-IB (Total of a to m) m Schedule 80-IC or 80-IE Deductions under section 80-IC or 80-IE 1 Deduction ....
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....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 for losses of subsidiary companies e Dividend paid or proposed 4a 4b 4c 4d 4e f Expenditure related to exempt income under sections 4f 10, 10AA, 11 or 12 [exempt income excludes income exempt under section 10(38)] g Depreciation attributable to revaluation of assets h Others (including residual unadjusted items and provision for diminution in the value of any asset) i Total additions (4a+4b+4c+4d+4e+4f+4g+4h) Deductions a Amount withdrawn from reserve or provisions if credited to Profit and Loss account b Income exempt under sections 10, 10AA, 11 or 12 [exempt income excludes income exempt under section 10(38)] Ñ Amount withdrawn from revaluation reserve and credited to profit and loss account to the extent it does not exceed the amount of depreciation attributable to revaluation of asset 4g 4h 5a 5b 5c d Loss brought forward or ....
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....f Deposit (DD/MM/YYYY) Serial Number of Challan Amount (Rs) vi NOTE â–¶ Enter the totals of Advance tax and Self Assessment tax in Sl No. 11a & 11d of Part B-TTI Details of Tax Deducted at Source on Income [As per Form 16 A issued by Deductor(s)] Name of the Deductor Unique TDS Certificate Number Financial Year in which TDS is Deducted (3) (4) (5) Total Tax Deducted Amount out of (6) claimed this Year (6) (7) Schedule TDS SI Tax Deduction No Account Number TDS ON OTHER INCOME (TAN) of the (1) Deductor (2) i NOTE Please enter total of column 7 of Schedule-TDS in 13(b) of Part B-TTI Details of Tax Collected at Source [As per Form 27D issued by the Collector(s)] Tax Deduction and Tax Collection Account Number Schedule TCS SI No TCS ON INCOME (1) i ii of the Collector (2) Name of the Collector (3) Total tax collected (4) Amount out of (4) claimed during the year (5) NOTE Please enter the total of column (5) in Sl No. 15c of Part B-TTI Details of payment of Dividend Distribution Tax Name of Bank & Branch (2) BSR Code (3) Date of Deposit (DD/MM/YYYY) (4) Serial Number of Challan (5) Schedule DDTP SI No (1) TAX PAYMEN....
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....n (3) SI Name of the Institution in which the No account is held (1) (2) (i) (ii) NOTE Please refer to the instructions for filling up this schedule. Name mentioned in the Peak Balance/Investment during the account (4) year (in rupees) (5) Instructions for filling out FORM ITR-6 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. 1. 2. 3. 4. 5. 6. 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 by a company, other than a company claiming exemption under section 11. Annexure-less Return Form No document (including TDS certificate) should be attached to this Return Form. All such documents enclosed with this Return Form will be detached and returned to the person filing the return. Manner of filing this Return Form This Form has to be compulsorily furnished electronically under digital signature to the Income Tax Depart....
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....his. Aggregate the headwise end-results as available after (iv) above; this will give you "gross total incomeâ€. 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. (v) 33 (vi) (2) Computation of income-tax, education cess including secondary and higher education cess and interest in respect of income chargeable to tax (a) (b) (f) 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 purposes, in the tax computation procedure. In case, the tax liability computed as above is less than 18.5% of book profit, the company is required to pay minimum alternate tax (MAT) under section 115JB at the rate of 18.5% of the profit. The excess tax so paid is allowable to be carried forward for credit in the year in which tax liability under the normal provisions of the Act is more than MAT liability. Such carry-forward is allowable upto 5 years Add Education Cess including secon....
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.... Producers Television Channels Others Transporters Travel agents, tour operators Others Banking Companies Financial Institutions Financial service providers Leasing Companies Money Lenders Non-Banking Finance Companies Share Brokers, Sub-brokers, etc. Others Cable T.V. productions 0712 0713 0714 0801 0802 0803 0804 0805 0806 0807 0808 0809 0901 0902 0903 0904 0905 0906 (iii) In Schedule SI, the codes for the sections which prescribed special rates of tax for the income mentioned therein are as under:- Sl. No. Nature of income Section Rate of tax Section code 1. Tax on accumulated balance of recognised 111 To be computed in 1 provident fund accordance with rule 9(1) of Part A of fourth Schedule 2. Short term capital gains 111A 15 3. Long term capital gains (with indexing) 112 20 4. 5. 6. 7. Long term capital gains (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 fr....
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....ase not liable for audit under section 44AB (e) Part A-QD seeks information regarding quantitative details of the principal item of goods traded. It is optional in a case not liable for audit under section 44AB. The second part, i.e, Part-B is regarding an outline of the total income and tax computation in respect of income chargeable to tax. There are 38 schedules details of which are as under- (a) Schedule BA: Details of Bank account (b) 3000 (h) Schedule-HP: Computation of income under the head Income from House Property Schedule-BP: Computation of income under the head “profit and gains from business or profession" Schedule-DPM: Computation of depreciation on plant and machinery under the Income-tax Act Schedule DOA: Computation of depreciation on other assets under the Income-tax Act 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 Schedule ESR: Deduction under section 35 (expenditure on scientific research) Schedule-CG: Computation of income under the head Capital gains. Schedule-OS: Computation of income under the head Income from other sour....
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....ple of ten rupees. (2) Sequence for filling out parts and schedules (i) (iv) PART A-GEN Part A Schedules Part B Details of electronic transmission if return filed in accordance with manner specified in instruction No.4(ii) Verification. Most of the 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) In case of an individual, for “employer category", Government category will include Central Government/ State Governments employees. PSU category will include public sector companies of Central Government and State Government; (c) The code for sections under which the return is filed be filled as per code given in instruction No.5. (d) 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....
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.... results of all the properties have to be filled in last row of this Schedule. Following points also need to be clarified,- (i) (11) (iii) (c)Schedule-BP,- (i) Annual letable value means the amount for which the house property may reasonably be expected to let from year to year, on a notional basis: Deduction for taxes paid to local authority shall be available only if the property is in the occupation of a tenant, and such taxes are borne by the assessee and not by the tenant and have actually been paid during the year. 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. 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 d....
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.... (f) Schedule-CG,- (i) (ii) If more than one short-term capital asset has been transferred, make the combined computation for all the assets. Similarly, make the combined computation 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. Financial Year Cost Inflation Index 1. 1981-82 100 16. 1996-97 305 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 (111) (iv) Sections 54/54B/54D/54EC/ 54F/54....
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....se 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. Mention the end-result of the above inter-head set-off(s) in column 5, headwise, in relevant rows. (iv) Total of loss set off out of columns 2, 3 and 4 have to be entered into row vii. (v) The losses remaining for set off have to be entered in row viii. (i) 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 vii. (j) Schedule-CFL,- (i) In this Schedule, the summary of losses carried from earlier years, set off during the year and to be ca....
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....ority 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 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 unde....
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....s to the credit of the Central Government within 14 days from the date of declaration of any dividend or distribution of any dividend or payment of any dividend, whichever is earliest. Please note that simple interest is chargeable under section 115P at the rate of 1% of delay for every month or part thereof in payment of the tax on distributed profits to the credit of the Central 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....
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.... person acting in some other capacity on behalf of the resident assessee with respect to the entity. (ii) a corporation in which the resident owns, directly or indirectly, any share or voting power. (iii) a partnership in which the resident assessee owns, directly or indirectly, an interest in 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....