TaxTMI 
TaxTMI 
Income-tax (4th Amendment) Rules, 2014
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.... of section 11" shall be inserted; (c) in sub-rule (3), in the first proviso,- (A) after clause (aab), the following clause shall be inserted, namely:- "(aac) a person required to furnish the return in Form ITR-5, other than a firm to which clause (aaa) is applicable, shall furnish the return for the assessment year 2014-15 and subsequent assessment years in the manner specified in clause (ii) or clause (iii);"; (B) for clause (b), the following clause shall be substituted, namely:- "(b) a person required to furnish the return in Form ITR-7 shall furnish the return for assessment year 2014-15 and subsequent assessment years,- (A) in case it is furnished under sub-section (4B) of section 139, in the manner specified in clause (ii); (B) in other cases, in the manner specified in clause (i) or clause (ii) or clause (iii):"; (d) in sub-rule (4), after the words, "report of audit", the words "or notice" shall be inserted; (e) in sub-rule (5), for the figures "2012", the figures "201....
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.... to C7 80DDB -C10 (80GG - C8 ( 80E ►C11 80GGA ▸ C9 80G ་ » C12 80GGC C13 ་ C13 80U C14 Total Deductions ( Add items C1 to C13 ) C15 Taxable Total Income( B4 - C14) FOR OFFICIAL USE ONLY STAMP RECEIPT NO. HERE ▸ C14 ► C15 ( ) SEAL, DATE AND SIGNATURE OF RECEIVING OFFICIAL L PERMANENT ACCOUNT NUMBER 2011-12 ITR-1, PAGE 2 PART D-TAX COMPUTATION AND TAX STATUS D1 Tax Payable On Total Income(C15) to Secondary & Higher Education Cess D3 D1 D4 Relief u/s 89 to D6► D4 D7 Total Interest u/s 234A/234B/234C to D9 D7 D10 Total Self Assessment Tax Paid to D12 D10 ▸ D2 TOTAL TAX AND CESS (D1 + D2) ▸ D3 Relief u/s 90/91 Balance Tax After Relief (D3-D4-D5) ▸ D5 ▸ D6 Total Tax and Interest (D6+D7) Total Advance Tax Paid ▸ D8 ▸ D9 Total TDS Deducted D11 D13 Tax Payable (D8-D12, If D8>D12) to D14 D13 Refund (D12-D8, If D12 >D8) ►D14 Bank Account Details ( Mandatory in all cases irrespective of refund due or not) ►D15 ACCOUNT No. Total Prepai....
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....her than from owning race horses and Winnings from Lottery (3 of Schedule OS) 4a b from owning race horses (4c of Schedule OS) (enter nil if loss) 4b c Total (a+b) (enter nil if 4c is a loss) 4c 5 5 Total (1+2+3c +4c) Do not write or stamp in this area (Space for bar code) 1 2 For Office Use Only Receipt No Date Seal and Signature of receiving official REFUND TAXES PAID COMPUTATION OF TAX LIABILITY 6 Losses of current year set off against 5 (total of 2vi and 3vi of Schedule CYLA) 7 Balance after set off current year losses (5-6) (also total of column 4 of Schedule CYLA) 8 Brought forward losses set off against 7 (2vi of Schedule BFLA) 6 7 9 Gross Total income (7-8) (also 3vii of Schedule BFLA) 10 Deductions under Chapter VI-A (n 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 row xi of Schedule CFL) Part B - TTI 1 Computation of tax liability on total income Tax payable on total income a Tax at normal rates b Tax at speci....
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....nces, perquisites & profit in lieu of salary as they are shown separately below) 2 Allowances exempt under section 10 (Not to be included in 6 below) 2 3 Allowances not exempt (refer Form 16 from employer) 4 Value of perquisites (refer Form 16 from employer) 5 Profits in lieu of salary (refer Form 16 from employer) 6 Income chargeable under the Head ‘Salaries' (1+3+4+5) Schedule HP Details of Income from House Property (Please refer to instructions) Address of property 1 Town/City State 1 PAN of Employer (optional) 3 4 5 6 1 Pin code PIN Code |(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, if let out for part of the year) lower la b The amount of rent which cannot be realized 1b Ñ Tax paid to local authorities 1c d Total (1b+1c) 1d e Balance (1a 1d) f 30% of le g Interest payable on borrowed capital h Total (1f+1g) i Income from house property 1 (le - 1h) Address of property 2 Town/City 2 1f 1g le 1h li State PI....
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....nder sections 54/54B/54D/54EC/54F 2d 54G/54GA e Net balance (2c - 2d) 3 Asset in the case of others where proviso under section 112(1) is exercised a Full value of consideration b Deductions under section 48 3a i Cost of acquisition without indexation bi ii Cost of improvement without indexation bii iii Expenditure on transfer biii iv Total (bi+ bii +biii) biv 3c 2e Ñ Balance (3a-biv) d Deduction under sections 54/54B/54D/54EC/54F | 3d e Net balance (3c-3d) 4 Amount deemed to be long term capital gains under sections 54/54B/54D/54EC/54ED/54F 5 Total long term capital gain 1 + 2e [(enter 2e as nil if loss) +3e (enter 3e as nil if loss) + 4)] C Income chargeable under the head “CAPITAL GAINS" (A4+ B5) (enter B5 as nil, if loss) D Information about accrual/receipt of capital gain NOTE â–¶ 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 B3e of Schedule CG AFTER loss adjustment under this category in Schedule CYLA and BFLA, if any. 2 Long-term where proviso....
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....al loss (3 of Schedule-OS) Current year's Income remaining after set off CURRENT YEAR LOSS ADJUSTMENT Loss to be adjusted i Salaries ii House property iii Short-term capital gain iv Long term capital V gain Other sources (incl. profit from owning race horses but excluding winnings from lottery) Total loss set off 1 2 3 4-1-2-3 vi vii Loss remaining after set-off out of 2 & 3 Schedule BFLA SI. No. Details of Income after Set off of Brought Forward Losses of earlier Head/Source of Income Income after set off, if any, of current year's losses as per 4 of Schedule CYLA 1 years Brought forward loss set off Current year's income remaining after set off 2 3 BROUGHT FORWARD LOSS ADJUSTMENT i Salaries ii House property iii Short-term capital gain iv Long-term capital gain V vi Other sources (profit from owning race horses but excluding winnings from lottery) Total of brought forward loss set off vii Current year's income remaining after set off Total (i3 + ii3 + iii3 + iv3 + v3) Schedule CFL Details of Losses to be carried forwa....
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....Schedule IT SI No TAX PAYMENTS i ii iii iv V NOTE Details of Advance Tax and Self Assessment Tax Payments of Income-tax Name of Bank & Branch BSR Code Date of Deposit (DD/MM/YYYY) Enter the totals of Advance tax and Self Assessment tax in Sl No. 8a & 8c of Part B-TTI Serial Number of Challan Amount (Rs) Details of Tax Deducted at Source from Salary [As per Form 16 issued by Employer(s)] Name and address of the Employer Income chargeable Schedule TDS1 SI Tax Deduction Account No Number (TAN) of the TDS ON SALARY Employer (1) (2) i ii Schedule TDS2 SI Tax Deduction Account No Number (TAN) of the TDS ON OTHER INCOME (1) i NOTE (3) under Deduction under Chapter VI-A Tax payable (incl. edn. Total tax deducted Tax payable/ refundable cess) Salaries (4) (5) (6) (7) (8) Details of Tax Deducted at Source on Income [As per Form 16 A issued by Deductor(s)] Name and address of the Deductor Amount Paid Deductor (2) (3) (4) Date of Payment/ Credit Total tax deducted (5) (6) Ple....