AI Drafter 
TaxTMI 
TaxTMI 
ITR U filing for A.y.2023-24 is started from 1st jan 2024
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....TR U filing for A.y.2023-24 is started from 1st jan 2024<br>By: - Sparsh wadhwa<br>Income Tax<br>Dated:- 6-1-2024<br><br>Missed the Belated ITR Filing Deadline of 31st dec.? You can still file the Income tax return through ITR U form The Due Date for Filing Belated Income Tax Returns or revising ITR for Financial Year 22-2023 become 31st December 2023. From 1st January 2024, Belated or Revised ITR can not be filed but ITR can be filed through ITR-U form, in which the Taxpayer cannot lessen Income, show Tax Refund, Increase Losses or Show Losses. What is ITR-U? ITR-U or Updated Income Tax Return, is a Return that allows taxpayers to update their ITRs through correcting errors or omissions within two years from the end of 31st Dec 2023. For example, if you filed an ITR for AY 2023-24 and missed the revised/ belated return filing window, you may record an ITR-U after end of the assessment yr, i.E. 31 March 2024 but within two years from there, i.E. 31 March 2026. Who can file ITR U Any person who had made error or omitted to record any of the income details in following returns can file an updated return: * Original return of income, or * Revised return, or * Belated retur....
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....n. Who is not eligible to file ITR-U? ITR-U cannot be filed in following cases: * Updated return is already been filed * For claiming refund. * For filing nil ITR * When updated return results in lower Income tax liability How to file ITR U form ?? If you haven't filed your Income Tax Return (ITR) for the ultimate three years, you could file it through ITR U. Here are the steps you can follow to report your ITR for the previous 3 years: 1. Gather all the important files: To record ITR for the previous three years, you have to gather all the necessary files like Form 16, Form 26AS, financial institution/Bank statements, and different files related to your profits and investments for every of the years. 2. Download utility of the relevant ITR form: You need to Select and Download utility of the applicable ITR form i.e. ITR-1 / 2/ 3/ 4 etc. for each of the three years from the Income Tax Department's website. 3. Fill up the details: Once you've selected the ITR form, you need to fill in the details like your Income from different sources, deductions, and tax paid for each of the years. 4. Compute the tax liability: After filling in all the details, you need to....
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.... compute your tax liability for each of the years. You can use an online tax calculator to compute your tax liability. 5. Pay any pending taxes: If you've got any pending taxes for any of the 3 years, you need to pay them earlier than submitting the ITR. You pays the taxes on-line using the Income Tax Department's internet site. 6. File the ITR form: Once you have filled all the information and paid any pending taxes, you may file the ITR for every of the 3 years on-line on the Income Tax Department's internet site. 7. Verify the ITR: After filing the ITR, you want to confirm it using your Aadhaar card, net banking, or by sending a physical copy of the ITR-V to the Income Tax Department. By following these steps, you can file your Income Tax Return of last 3 years. However, it is always advisable to file your ITR before time to avoid penalties or interest charges. ------ The Author is an Income tax, Accounting and GST Practitioner and can be contacted at 9024915488. Thanks for Reading. ============= Document 1 FORM ITR-1 SAHAJ INDIAN INCOME TAX RETURN [For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having....
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.... Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousand] Assessment Year [Not for an individual who is either Director in a company or has invested in 2024 unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP] (Refer instructions for eligibility) 25 PART A GENERAL INFORMATION (A2) First Name (A4) Date of Birth DDMMYYYY (A5) Aadhaar Number (12 digits)/Aadhaar Enrolment Id (28 digits) (If eligible for Aadhaar No.) (A2a) (A1) PAN Middle Name (A3) Last name (A6) Mobile No. (A7) Email Address (A15) Filed u/s (Tick) [Please see instruction] (A16) Or Filed in response to notice u/s Address: (A8) Flat/Door/Block No. (A13) Country (A9) Name of Premises/Building/Village (A10) Road/Street/Post Office Area/Locality (A11) Town/City/District (A12) State 139(1)-On or before due date, ■139(4)-Belated, ■139(5)-Revised, ☠119(2)(b)- After Condonation of delay 139(9), 142(1), □ 148, ■153C (A18) If revised/ defective, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) (A14) PIN code (A17) Nature o....
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....f employment- ☠Central Govt. ☠State Govt. ☠Public Sector Undertaking ☠Pensioners-CG ☠Pensioners-SG ☠Pensioners-PSU ☠Pensioners- Others ☠Others Not Applicable (e.g. Family Pension etc.) HOUSE PROPERTY (A19) If filed in response to notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b)- enter Unique Number/Document Identification Number (DIN) & Date of such Notice or Order (A20) Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is "No") Yes No // (A21) Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income? - (Tick) ☠Yes No If yes, please furnish following information [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)] (i) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/No) (ii) Have you incurred expenditure of amoun....
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....t or aggregate of amount exceeding Rs. 1 lakh on consumption of electricity during the previous year? (Yes/No) (iii) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso to section 139(1) (If yes, please select the relevant condition from the drop down menu) PART B GROSS TOTAL INCOME B1 i Gross Salary (ia + ib + ic+id+ie) SALARY / PENSION a Salary as per section 17(1) b Value of perquisites as per section 17(2) i ia ib c Profit in lieu of salary as per section 17(3) ic Income from retirement benefit account maintained in a d notified country u/s 89A (country drop down will be provided in e-filing utility) id e Income from retirement benefit account maintained in a country other than notified country u/s 89A ie Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing ii utility) ii (Ensure that it is included in salary income u/s 17(1)/17(2)/17(3) ) iia iii iv iva iia Less: Income claimed for relief from taxation u/s 89A iii Net Salary (i - ii-iia) iv Deductions u/s 16 (iva + ivb + ivc) a Standard deduction u/s 16(ia) b Entertainment allowance u/s 16(ii) c Professional ta....
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....x u/s 16(iii) ivb ivc v Income chargeable under the head 'Salaries' (iii - iv) B1 Amount (Rs) (If Yes) Amount (Rs) (If Yes) (Tick) Yes ☠No Whole- Rupee() only B2 Tick applicable option ☠Self-Occupied ☠Let Out ☠Deemed Let Out i Gross rent received/ receivable/lettable value during the year i ii Tax paid to local authorities ii iii Annual Value (i - ii) iii iv iv 30% of Annual Value v Interest payable on borrowed capital vi Arrears/Unrealised rent received during the year less 30% V vi vii Income chargeable under the head ‘House Property' (iii - iv - v) + vi (If loss, put the figure in negative) B2 Note: Maximum loss from House Property that can be set-off is INR 2, 00,000. To avail the benefit of carry forward and set of loss, please use ITR -2 B3 Income from Other Sources (drop down like interest from saving account, deposit etc. to be provided in e-filing utility specifying nature of income and in case of dividend income and Income from retirement benefit account maintained in a notified country u/s 89A, please mention quarterly breakup for allowing applicable relief from section 234C) Less: Deduction u/s 57(iia) (in c....
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....ase of family pension only) B3 B4 Less: Income claimed for relief from taxation u/s 89A Gross Total Income (B1+B2+B3) (If loss, put the figure in negative) Note: To avail the benefit of carry forward and set of loss, please use ITR -2 B4 PART C – DEDUCTIONS AND TAXABLE TOTAL INCOME (Refer instructions for Deduction limit as per Income-tax Act) 80C 80CCC 80CCD(1) 80CCD(1B) 80CCD(2) 80CCH 80D (Details are 80DD 80DDB (Details are to (Details are 80E to be filled be filled in the to be filled in in the drop drop down to the drop down to be be provided in down to be provided in e-filing utility) provided in e-filing e-filing utility) utility) 80EEA 80EEB 80G 80GG (Details 80GGA (Details |80GGC 80TTA 80TTB 80U Any other (Details are to be are to be are to be (Details are Deduction to be filled inas per the filled in filled in the filled in the the drop e-filing the drop drop down drop down down to be utility down to to be to be provided in be provided provided in provided in e-filing e-filing e-filing utility) in e-filing utility) utility) utility) Total deductions C1 80EE Total Income C2 |(B4-C1) Exempt Inco....
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....me For reporting purpose Drop down to be provided in e-filing utility mentioning nature of exempt income, relevant clause and section PART D-COMPUTATION OF TAX PAYABLE D1 Tax payable on total income D2 Rebate u/s 87A D3 Tax after Rebate D4 Health and education D5 Cess @ 4% on D3 Total Tax and Cess D6 Relief u/s 89 (Please ensure to submit Form 10E to claim this relief) D7 Interest u/s 234A D8 Interest u/s 234B D9 Interest u/s 234C D10 Fee u/s 234F D11 Total Tax, Fee and Interest (D5+D7+D8+D9+D10 - D6) D12 Total Taxes Paid D13 Amount payable (D11-D12) (if D11>D12) D14 Refund (D12-D11) (if D12>D11) PARTE - OTHER INFORMATION Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) Sl. IFS Code of the Bank Name of the Bank Account Number Type of account (Dropdown to be provided by E-filing utility) Select Account for Refund Credit I 1. Minimum one account should be selected for refund credit. 2. In case of Refund, multiple accounts are selected for refund credit, then refund will be credited to one of the account decided by CPC after processing the return. Schedule-IT Details ....
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....of Advance Tax and Self-Assessment Tax payments BSR Code Date of Deposit (DD/MM/YYYY) Col (1) Col (2) Serial Number of Challan Tax paid Col (3) Col (4) R1 R2 ˇˇˇˇˇˇˇˇˇˇˇˇ Schedule-TDS Details of TDS/TCS [As per Form 16/16A/16C/27D issued by the Deductor(s)/ Employer(s)/ Payer(s)/ Collector(s)] TAN of deductor/Collector or PAN/ Aadhaar No. of the Tenant Col (2) Name of the Deductor/ Collector/Tenant Year of tax deduction/ collection Tax Deducted/ collected TDS/TCS credit out of (5) claimed this Year Gross payment/ receipt which is subject to tax deduction/collection Col (3) Col (4) Col (5) Col (6) Col (7) T1 T2 Stamp Receipt No., I. Seal, Date & Sign of Receiving Official VERIFICATION son/daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making this return in my capacity as (drop down to be provided in e-filing utility) and I am also competent to make this return and verify it. I am holding permanent acc....
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....ount number (Please see instruction). Date: Signature: If the return has been prepared by a Tax Return Preparer (TRP) give further details below: Identification No. of TRP Name of TRP If TRP is entitled for any reimbursement from the Government, amount thereof Counter Signature of TRP Document 2 FILING STATUS PERSONAL INFORMATION FORM No. ITR-2 INDIAN INCOME TAX RETURN [For Individuals and HUFs not having income from profits and gains of business or profession] (See rule 12) (Please refer instructions) Assessment Year 2023-24 Part A-GEN GENERAL (A1) First name 1 (A2) Middle name (A3) Last name (A4) PAN (A6) Flat/Door/Block No. (A7) Name of Premises/Building/Village (A5) Status (Tick) ▼ ☠Individual ☠HUF (A8) Road/Street/Post Office (A14) Date of Birth/ Formation (DD/MM/YYYY) (A9) Area/locality (A15) Aadhaar Number (12 digit) / Aadhaar Enrolment Id (28 digit) (if eligible for Aadhaar) (A10) Town/City/District (A11) State (A12) Country (A16) Residential/Office Phone Number with STD code/ Mobile No. (A17) Mobile No. 2 (A18) E-mail Address-1 (self) (ali) Filed u/s (Tick) [Please see instruction] (A20) (alii) Or filed in resp....
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....onse to notice u/s ☠139(9), (a2) Are you opting for new tax regime u/s 115BAC? ☠Yes ☠No (b) (A13) PIN code/ZIP code (A19) E-mail Address-2 139(1)-On or before due date, ☠139(4)-After due date, ☠139(5)-Revised Return, 92CD-Modified return, ■119(2)(b)-After condonation of delay 142(1), ☠148, 153C Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income? - (Tick) Yes No If yes, please furnish following information [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)] (bi) Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more current account during the previous year? (Yes/No) Amount (Rs) (If Yes) (bii) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/No) Amount (Rs) (If Yes) (biii) Have you incurred expenditure of amount or aggregate of amou....
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....nt exceeding Rs. 1 lakh on consumption of electricity during the previous year? (Yes/No) Amount (Rs) (If Yes) (biv) [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso (Tick) o Yes o No to section 139(1) (If yes, please select the relevant condition from the drop-down menu) (c) If Revised/Defective/Modified, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) (d) If filed, in response to a notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b) enter Unique Number/Document Identification Number (DIN) and date of such Notice/Order, or if filed u/s 92CD, enter date of Advance Pricing Agreement (Unique Number) (e) Residential A. Resident Status in India (for individuals) (Tick option) applicable 226 B. Resident but not Ordinarily Resident C. Non-resident You were in India for 182 days or more during the previous year [section 6(1)(a)] You were in India for 60 days or more during the previous yea....
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....r, and have been in India for 365 days or more within the 4 preceding years [section (6)(1)(c)] [where Explanation 1 is not applicable] You are a citizen of India, who left India, for the purpose of employment, as a member of the crew of an Indian ship and were in India for 182 days or more during the previous year and 365 days or more within the preceding 4 years [Explanation 1(a) of section (6)(1)(c)] You are a citizen of India or a person of Indian origin and have come on a visit to India during the previous year and were in India for a) 182 days or more during the previous year and 365 days or more within the preceding 4 years; or b) 120 days or more during the previous year and 365 days or more within the preceding 4 years if the total income, other than income from foreign sources, exceeds Rs. 15 lakh. [Explanation 1(b) of section (6)(1)(c)] ☠You have been a non-resident in India in 9 out of 10 preceding years [section 6(6)(a)] You have been in India for 729 days or less during the 7 preceding years [section 6(6)(a)] ☠You are a citizen of India or person of Indian origin, who comes on a visit to India, having total income, other than the income from ....
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....foreign sources, exceeding Rs. 15 lakh and have been in India for 120 days or more but less than 182 days during the previous year [section 6(6)(c)] ☠You are a citizen of India having total income, other than the income from foreign sources, exceeding Rs. 15 lakh during the previous year and not liable to tax in any other country or territory by reason of your domicile or residence or any other criteria of similar nature [section 6(6)(d) rws 6(1A)] You were a non-resident during the previous year. (i)Please specify the jurisdiction(s) of residence during the previous year - S.No. Jurisdiction(s) of Taxpayer Identification Number(s) residence 1 2 (ii) In case you are a Citizen of India or a Person of Indian Origin (POI), please specify - Total period of stay in India Total period of stay in India during the 4 preceding years (in days) during the previous year (in days) Residential D. Resident Resident but not Ordinarily Resident Non-resident Status in India (for HUF) (Tick option) applicable (f) Do you want to claim the benefit under section 115H? (applicable in case of resident) ☠Yes ☠No (g) (h) Are you governed by Portuguese Civil Co....
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....de as per section 5A? Tick) ▼ ☠Yes No (If "YES" please fill Schedule 5A) Whether you are an FII / FPI? Yes/No If yes, please provide SEBI Regn. No Whether this return is being filed by a Representative Assessee? (Tick)▾ ☠Yes ☠No If yes, please furnish following information (i) (1) Name of the Representative (2) Capacity of the Representative (drop down to be provided) (3) Address of the Representative (4) Permanent Account Number (PAN)/ Aadhaar No. of the Representative (j) Whether you were Director in a company at any time during the previous year? (Tick) Yes If yes, please furnish following information - ☠No Name Company of Type of company PAN Whether its shares are listed or unlisted Director Identification Number (DIN) SALARIES 227 THE GAZETTE OF INDIA: EXTRAORDINARY ☠provided down to be [PART II-SEC. 3(i)] (k) Whether you have held unlisted equity shares at any time during the previous year? If yes, please furnish following information in respect of equity shares (Tick) Yes ☠No Name of Type of company Company PAN Opening balance Shares acquired during the year Shares transferred during the ....
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....year Closing balance Issue Purchase price (Drop down be Face Date of to No. of Cost shares acquisition of No. of shares value subscription /purchase provided) per share issue) price per per share (in share (in case of No. of Sale case of purchase from shares fresh existing shareholder) consideration of No. of Cost shares acquisition la 1b 2 3 4 5 6 7 8 9 10 11 12 13 SCHEDULES TO THE RETURN FORM (FILL AS APPLICABLE) Schedule S Details of Income from Salary Name of Employer Nature of employer (Tick) ☑ (drop down to be provided) Address of employer 1 Gross Salary (la + 1b + 1c+1d+le) Town/City State TAN of Employer (mandatory if tax is deducted) a Salary as per section 17(1) (drop down to be provided) la b Value of perquisites as per section 17(2) (drop down to be provided) 1b C Profit in lieu of salary as per section 17(3) (drop down to be provided) 1c d Income from retirement benefit account maintained in a notified country u/s 89A (choose country from drop down menu) 1d le Income from retirement benefit account maintained in a country "other than notified country u/s 89A" le f Income taxable during....
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.... the previous year on which relief u/s 89A was claimed in any earlier previous year. 1f (Add multiple rows for Gross Salary in case of more than one employer) 2 Total Gross Salary (from all employers) 2 3 Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) (please refer instructions) 3 (Note: Ensure that it is included in Total Gross salary in (2) above) 3(a) Less: Income claimed for relief from taxation u/s 89A За 4 4 Net Salary (2-3-3a) 5 Deduction u/s 16 (5a + 5b + 5c) a Standard deduction u/s 16(ia) 5 5a b Entertainment allowance u/s 16(ii) 5b C Professional tax u/s 16(iii) 5c Income chargeable under the head 'Salaries' (4-5) 6 Schedule HP PIN code/ ZIP code Details Of Income From House Property (Please Refer Instructions) (Drop down to be provided indicating ownership of property) [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] HOUSE PROPERTY Address of property 1 1 Is the property co-owned? à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Town/City 228 State Country PIN Code/ ZIP Code ☠Yes....
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.... No (if "YES" please enter following details) Your percentage of share in the property (%) PAN/Aadhaar No. of Co-owner(s) Percentage Share in Property Name of Co-owner(s) I II [Tick ☑ the applicableName(s) option] Tenant(s) of PAN/ Aadhaar No. of Tenant(s) PAN/TAN/ Aadhaar No. of Tenant(s) (if TDS credit is (Please see note) claimed) Let out (if let out) Self-occupied I Deemed let out II a Gross rent received or receivable or lettable value 1a b The amount of rent which cannot be realized 1b C Tax paid to local authorities 1c d Total (1b+1c) 1d e Annual value (1a - 1d) (nil if self-occupied etc. as per section 23(2)of the Act) le f Annual value of the property owned (own percentage share x 1e) 1f g 30% of 1f 1g h Interest payable on borrowed capital 1h li ! Total (1g + 1h) Arrears/Unrealized rent received during the year less 30% 1j k Income from house property 1 (1f-li + 1j) Address of property 2 Town/City 1k State PIN Code/ ZIP Code 2 Your percentage of share in the property. (%) Name of Co-owner(s) I II [Tick the applicable option] Name(s) ☠Let out out) Self-occupied Is the property co-owned? ☠Yes ....
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....☠No (if "YES" please enter following details) PAN/ Aadhaar No. of Co-owner(s) Percentage Share in Property of PAN/Aadhaar No. of Tenant(s) PAN/TAN/ Aadhaar No. of Tenant(s) (if TDS credit is Tenant(s) (if let(Please see note) claimed) Deemed let out ☠☠Gross rent received/ receivable/lettable value 2a a (higher of the two, if let out for whole of the year, lower of the two, if let out for part of the year) lb The amount of rent which cannot be realized 2b c Tax paid to local authorities 2c d Total (2b+2c) 2d e Annual value (2a - 2d) f Annual value of the property owned (own percentage share x 2e) 2e 2f g 30% of 2f 2g h Interest payable on borrowed capital 2h i Total (2g+2h) 2i Arrears/Unrealized rent received during the year less 30% 2j k Income from house property 2 (2f-2i+2j) 2k 229 THE GAZETTE OF INDIA: EXTRAORDINARY 3 Pass through income/loss if any * Income under the head "Income from House Property" (1k+ 2k + 3) NOTE ▶ 3 4 [PART II-SEC. 3(i)] (if negative take the figure to 2i of schedule CYLA) Please include the income of the specified persons referred to in Schedule SPI and Pass through income referr....
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....ed to in schedule PTI while computing the income under this head. Furnishing of PAN/ Aadhaar No. of tenant is mandatory, if tax is deducted under section 194-IB. NOTE➤ Furnishing of TAN of tenant is mandatory, if tax is deducted under section 194-1. Schedule CG Capital Gains A Short-term Capital Gains (STCG) (Sub-items 3 and 4 are not applicable for residents) 1 From sale of land or building or both (fill up details separately for each property) a Full value of consideration received/receivable Short-term Capital Gains 3 12 lii Value of property as per stamp valuation authority iii ai aii Full value of consideration adopted as per section 50C for the purpose of Capital Gains [in case (aii) does not exceed 1.10 times (ai), take this aiii figure as (ai), or else take (aii)] Deductions under section 48 Cost of acquisition without indexation bi ii Cost of Improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (bi+bii + biii) biv C Balance (aiii- biv) 1c d Deduction under section 54B (Specify details in item D below) 1d e Short-term Capital Gains on Immovable property (1c - 1d) f....
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.... In case of transfer of immovable property, please furnish the following details (see note) S. No. Name buyer(s) of PAN/ Aadhaar Percentage No. of buyer(s) share Address Amount property, of country Pin code State code, ZIP code NOTE Furnishing of PAN/ Aadhaar No. is mandatory, if the tax is deducted under section 194-IA or is quoted by buyer in the documents In case of more than one buyer, please indicate the respective percentage share and amount. From sale of equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT is paid under section 111A or 115AD(1)(ii) proviso (for FII) a Full value of consideration 2a lb Deductions under section 48 i Cost of acquisition without indexation bi ii Cost of Improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (i+ii+ iii) biv C Balance (2a-biv) 2c Loss to be disallowed u/s 94(7) or 94(8)- for example if asset bought/acquired within d 3 months prior to record date and dividend/income/bonus units are received, then 2d loss arising out of sale of such asset to be ignored (Enter positive value only) Short-t....
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....erm capital gain on equity share or equity oriented MF (STT paid) (2c +2d) For NON-RESIDENT, not being an FII- from sale of shares or debentures of an Indian company (to be computed with foreign exchange adjustment under first proviso to section 48) a STCG on transactions on which securities transaction tax (STT) is paid A2e A3a b STCG on transactions on which securities transaction tax (STT) is not paid A3b 4 For NON-RESIDENT- from sale of securities (other than those at A2) by an FII as per section 115AD Ale [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] la à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण In case securities sold include shares of a company other than quoted shares, enter the following details a Full value of consideration received/receivable in respect of unquotedia shares lb C Fair market value of unquoted shares determined in the prescribedib manner Full value of consideration in respect of unquoted shares adopted as peric section 50CA for the purpose of Capital Gains (higher of a or b) ii Full value of consideration in respect of securities o....
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....ther than unquoted shares aii iii Total (ic + ii) aiii b Deductions under section 48 Cost of acquisition without indexation bi ii Cost of improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (i+ii+iii) biv Balance (4aiii – biv) 4c Loss to be disallowed u/s 94(7) or 94(8)- for example if security bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, 4d then loss arising out of sale of such security to be ignored (Enter positive value only) Short-term capital gain on sale of securities by an FII (other than those at A2) (4c+4d) 5 From sale of assets other than at A1 or A2 or A3 or A4 above a In case assets sold include shares of a company other than quoted shares, enter the following details la Full value of consideration received/receivable in respect of unquotedia shares lb Fair market value of unquoted shares determined in the prescribedib manner C Full value of consideration in respect of unquoted shares adopted as peric section 50CA for the purpose of Capital Gains (higher of a or b) ii Full value of consideration in respect of a....
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....ssets other than unquoted shares aii iii Total (ic + ii) aiii b Deductions under section 48 Cost of acquisition without indexation bi ii Cost of Improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii liv Total (i + ii + iii) biv Balance (5aiii - biv) 5c C d e In case of asset (security/unit) loss to be disallowed u/s 94(7) or 94(8)- for example if 5d asset bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, then loss arising out of sale of such asset to be ignored (Enter positive value only) STCG on assets other than at A1 or A2 or A3 or A4 above (5c+5d) 6 Amount deemed to be short-term capital gains a Whether any amount of unutilised capital gain on asset transferred during the previous years shown below was deposited in the Capital Gains Accounts Scheme within due date for that year? ☠Yes No ☠Not applicable. If yes, then provide the details below Sl. No. Previous Section year which asset that year in deduction transferred 2020-21 54B under which New asset acquired/constructed claimed in Amount not used for new asset or remain....
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....ed Year in which asset Amount utilised out unutilised in Capital gains acquired/constructed of Capital Gains account (X) account A4e A5e 230 Long-term Capital Gains 231 THE GAZETTE OF INDIA: EXTRAORDINARY b Amount deemed to be short-term capital gains, other than at ‘a' [PART II SEC. 3(i)] Total amount deemed to be short term capital gains (axi + b) 7 Pass Through Income/ Loss in the nature of Short-Term Capital Gain, (Fill up schedule PTI) (A7a+ A7b+A7c) a Pass Through Income/ Loss in the nature of Short-Term Capital Gain, chargeable @ 15% A6 A7 A7a b Pass Through Income/ Loss in the nature of Short-Term Capital Gain, chargeable @ 30% A7b Pass Through Income/ Loss in the nature of Short-Term Capital Gain, chargeable at applicable C rates Item No. A1 to Sl. No. Amount of above income which A7 Country Article Rate as per Treaty inname &of Code DTAA (enter NIL, if not chargeable) A7c 8 Amount of STCG included in A1 - A7 but not chargeable to tax or chargeable at special rates in India as per DTAA per I.T. Applicable rate [lower of (6) or (9)] Act Whether TRC Rate as obtained Section I.T. Act of (Y/N) included (1) (2) (3) (4) ....
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....(5) (6) (7) (8) (9) (10) I II a Total amount of STCG not chargeable to tax in India as per DTAA A8a b Total amount of STCG chargeable to tax at special rates in India as per DTAA A8b A9 B 9 Total Short-term Capital Gain (Ale+ A2e+ A3a+ A3b+ A4e+ A5e+A6 + A7 - A8a) Long-term capital gain (LTCG) (Sub-items, 5, 6, 7and 8 are not applicable for residents) 1 From sale of land or building or both (fill up details separately for each property) Date of purchase/ acquisition DD/MM/YYYY la Date of sale/transfer DD/MM/YYYY Full value of consideration received/receivable ai lii Value of property as per stamp valuation authority aii iii Full value of consideration adopted as per section 50C for the purpose of Capital Gains [in case (aii) does not exceed 1.10 times (ai), take this figureaiii as (ai), or else take (aii)] lb Deductions under section 48 i Cost of acquisition bi iia Cost of acquisition with indexation biia iib Total cost of improvement with indexation biib (a) Cost of improvement (b) Year of Improvement (c) Cost of Improvement with indexation Add row iii Expenditure wholly and exclusively in connection with transfer biii iv Total (bii....
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....a+biib + biii) biy Balance (aiii- biv) 1c d le Deduction under section 54/54B/54EC/54F/54GB (Specify details in item D below) 1d Long-term Capital Gains on Immovable property (1c - 1d) f In case of transfer of immovable property, please furnish the following details (see note) S.No. Name of buyer(s) PAN/ Aadhaar No. of buyer(s) Percentage share Amount Address property, country code, ZIP code of Pin State code NOTE â–º Furnishing of PAN/ Aadhaar No. is mandatory, if the tax is deduced under section 194-IA or is quoted by buyer in the documents. In case of more than one buyer, please indicate the respective percentage share and amount. 2 From sale of bonds or debenture (other than capital indexed bonds issued by Government) a b Full value of consideration Deductions under section 48 Cost of acquisition without indexation 2a bi Ble [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] 3 IC d à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण lii Cost of improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer....
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.... biii liv Total (bi+bii +biii) biv Balance (2a- biv) 2c Deduction under sections 54F (Specify details in item D below) 2d LTCG on bonds or debenture (2c - 2d) From sale of, (i) listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable (ii) GDR of an Indian company referred in sec. 115ACA a b Full value of consideration Deductions under section 48 3a Cost of acquisition without indexation bi ii Cost of improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii liv Total (bi+bii +biii) biv Balance (3a-biv) d Deduction under sections 54F (Specify details in item D below) 3c 3d le Long-term Capital Gains on assets at B3 above (3c - 3d) 4 From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A 5 a LTCG u/s 112A (column 14 of Schedule 112A) lb Deduction under sections 54F (Specify details in item D below) C Long-term Capital Gains on sale of capital assets at B4 above (4a-4b) 4a 4b For NON-RESIDENTS- from sale of shares or debenture of Indian company (to be compute....
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....d with foreign exchange adjustment under first proviso to section 48) a LTCG computed without indexation benefit b Deduction under sections 54F (Specify details in item D below) C LTCG on share or debenture (5a-5b) Ба 5b For NON-RESIDENTS- from sale of, (i) unlisted securities as per sec. 112(1)(c), (ii) bonds or GDR as referred in sec. 6 115AC, (iii) securities by FII as referred to in sec. 115AD (other than securities referred to in section 112A for which column B7 is to be filled up) a In case securities sold include shares of a company other than quoted shares, enter the following details a Full value of consideration received/receivable in respect of unquoted shares ia b Fair market value of unquoted shares determined in the prescribed ib manner c Full value of consideration in respect of unquoted shares adopted as per section 50CA for the purpose of Capital Gains (higher of a or b) ic ii Full value of consideration in respect of securities other than unquoted shares aii iii Total (ic + ii) aiii Deductions under section 48 i Cost of acquisition without indexation bi lii Cost of improvement without indexation bii iii Expenditure w....
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....holly and exclusively in connection with transfer biii iv Total (bi+bii +biii) biv C Balance (6aiii – biv) 6c d Deduction under sections /54F (Specify details in item D below) 6d le Long-term Capital Gains on assets at 6 above in case of NON-RESIDENT (6c - 6d) 7 For NON-RESIDENTS - From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A B2e B3e B4c B5c Вбе 232 233 THE GAZETTE OF INDIA: EXTRAORDINARY LTCG u/s 112A (column 14 of Schedule 115AD(1)(b)(iii)) b Deduction under section 54F (Specify details in item D below) Long-term Capital Gains on sale of capital assets at B7 above (7a-7b) [PART II-SEC. 3(i)] 7a 7b B7c C 8 From sale of foreign exchange asset by NON-RESIDENT INDIAN (If opted under chapter XII-A) 8a la LTCG on sale of specified asset (computed without indexation) Less deduction under section 115F (Specify details in item D below) Balance LTCG on sale of specified asset (8a-8b) 8b B8c LTCG on sale of asset, other than specified asset (computed without indexation) 8d le Less deduction under section 115F (Specify details in item D be....
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....low) f Balance LTCG on sale of asset, other than specified asset (8d-8e) 8e B8f 9 From sale of assets where B1 to B8 above are not applicable In case assets sold include shares of a company other than quoted shares, enter the following details a Full value of consideration received/receivable in respect of unquoted ia shares Fair market value of unquoted shares determined in the prescribed ib manner C Full value of consideration in respect of unquoted shares adopted as per section 50CA for the purpose of Capital Gains (higher of a or b) ic lii iii Full value of consideration in respect of assets other than unquoted shares Total (ic + ii) aii aiii Deductions under section 48 i Cost of acquisition with indexation bi ii Cost of improvement with indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (bi+bii+biii) biv Balance (9aiii- biv) 9c d Deduction under sections 54F (Specify details in item D below) 9d Long-term Capital Gains on assets at B9 above ( (9c-9d) B9e 10 Amount deemed to be long-term capital gains a SI. Whether any amount of unutilised capital gain on asset transferred during the previo....
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....us year shown below was deposited in the Capital Gains Accounts Scheme within due date for that year? ☠Yes No ☠Not applicable. If yes, then provide the details below Yes; No; Not applicable. (If yes, then provide the details below) Previous year in Section under which New asset acquired/constructed which transferred assetdeduction claimed in that year Year in which asset Amount utilised acquired/ of Capital constructed account Amount not used for new asset or out remained Gains unutilised in Capital account (X) gains 2019-20 ii 2020-21 54/54F/54GB 54B b Amount deemed to be long-term capital gains, other than at ‘a’ Total amount deemed to be long-term capital gains (aXi + aXii + b) B10 11 Pass Through Income/ Loss in the nature of Long-Term Capital Gain, (Fill up schedule PTI) (B11a1+ B11a2 B11b) B11 al Pass Through Income/ Loss in the nature of Long-Term Capital Gain, chargeable @ 10% B11 u/s 112A al a2 Pass Through Income/ Loss in the nature of Long-Term Capital Gain, chargeable @ 10% B11 under sections other than u/s 112A a2 b Pass Through Income/ Loss in the nature of Long-Term Capital Gain, chargeable @ 20% B1....
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....1b [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Amount of LTCG included in B1- B11 but not chargeable to tax or chargeable at special rates in India as per DTAA Item No. B1 Rate as per Applicable rate 12 Rate as per Amount SI. No. to B11 above Country lof in income included which name Code & Article of DTAA Whether TRC obtained Section Treaty of I.T. I.T. Act Act lower of (6) or (Enter NIL, if not chargeable) (Y/N) (9)] (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ון a Total amount of LTCG not chargeable to tax as per DTAA B12a b Total amount of LTCG chargeable to tax at special rates as per DTAA B12b 13 Total Long-term capital gain chargeable under I.T. Act (Ble+B2e+B3e+B4c+B5c+B6e+B7c+B8c+B8f+B9e+B10 + B11 B12a) B13 C1 Sum of Capital Gains (9ii + 9iii + 9iv + 9v+9vi + 9vii + 9viii of table E below) C1 C2 Income from transfer of virtual digital assets (Col. 7 of Schedule VDA) C2 C3 Income chargeable under the head "CAPITAL GAINS" (C1 + C2) C3 D Information about deduction cla....
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....imed against Capital Gains 1 In case of deduction u/s 54/54B/54EC/54F/54GB/115F give following details Deduction claimed u/s 54 a i Date of transfer of original asset ai dd/mm/yyyy ii Cost of new residential house aii iii Date of purchase/construction of new residential house aiii dd/mm/yyyy liv Amount deposited in Capital Gains Accounts Scheme before due aiv date v Amount of deduction claimed av b Deduction claimed u/s 54B i Date of transfer of original asset bi dd/mm/yyyy lii Cost of new agricultural land bii iii Date of purchase of new agricultural land biii dd/mm/yyyy iv Amount deposited in Capital Gains Accounts Scheme before due biv date V Amount of deduction claimed by C Deduction claimed u/s 54EC li Date of transfer of original asset ci dd/mm/yyyy ii Amount invested in specified/notified bonds cii Not exceeding fifty lakh runees). iii Date of investment ciii dd/mm/yyyy iv Amount of deduction claimed civ d Deduction claimed u/s 54F Ꭵ Date of transfer of original asset di dd/mm/yyyy lii Cost of new residential house dii iii Date of purchase/construction of new residential house diii dd/mm/yyyy iv Amoun....
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....t deposited in Capital Gains Accounts Scheme before due div date V Amount of deduction claimed dv e Deduction claimed u/s 54GB i Date of transfer of original residential property ei dd/mm/yyyy lii PAN of the eligible company eii iii Amount utilised for subscription of equity shares of eligible eiii company liv Date of subscription of shares eiv dd/mm/yyyy V Cost of new plant and machinery purchased by the eligible company ev vi Date of purchase of plant and machinery evi dd/mm/yyyy vii Amount deposited in Capital Gains Accounts Scheme before due evii date viii Amount of deduction claimed eviii f Deduction claimed u/s 115F (for Non-Resident Indians) i Date of transfer of original foreign exchange asset fi dd/mm/yyyy ii Amount invested in new specified asset or savings certificate fii iii Date of investment fiii dd/mm/yyyy iv Amount of deduction claimed fiv Total deduction claimed (1a + 1b+1c+1d+le+ 1f) 234 E Set-off of current year capital losses with current year capital gains (excluding amounts included in 48a & B12a which is not chargeable under DTAA) Sl. Type of Capital Gain Capital Gain of Short term capital loss Long-....
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....term capital loss Current year's capital gains 235 THE GAZETTE OF INDIA: EXTRAORDINARY current year (Fill this Capital Loss to be set off is (Fill this row only if computed figure negative) column computed positive) [PART II-SEC. 3(i)] remaining after set off only if figure 15% 30% applicable DTAA rate rates DTAA 10% 20% rates |(9=1-2-3-4-5-6-7-8) ii 15% (A2e*+A3a* + A7a *) iii Short 30% A4e* + A7b* term capital iv gain applicable (Ale*+A3b*+ rate V A5e*+A6*+ A7c*) DTAA rates 48b 2 3 4 5 6 17 8 (B3e*+ (A2e *+ A3a* A4e* (Ale*+A3 B4C* + Ble*+B 2e*+B5c B6e* + +A7b + b*+A5e*+ 46* *+ A8b B7c* + B12b * 47a* B8c* B8f*+B9 A7c*) Bllal*+B 11a2*) e*+B10* +Bllb*) F (B3e*+B4c* + Bбe* vi 10% B7c* + B8c* |Long- +Bllal*+Blla2*) term capital 20% vii gain viii (Ble*+B2e*+B5c*+ B8f*+B9e*+B10*+ Bllb*) DTAA rates B12b ix Total loss set off (ii + iii + iv + v + vi + vii + viii)| Loss remaining after set off (i - ix) The figures of STCG in this table (Ale* etc.) are the amounts of STCG computed in respective column (A1-A6) as reduced by the amount of STCG not chargeable to tax or chargeable at special ....
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....rates as per DTAA, which is included therein, if any. The figures of LTCG in this table (B1e* etc.) are the amounts of LTCG computed in respective column (B1-B10) as reduced by the amount of LTCG not chargeable to tax or chargeable at special rates as per DTAA, which is included therein, if any. Information about accrual/receipt of capital gain NOTEâ–¶ Type of Capital gain / Date (i) Upto 15/616/6 (ii) to 15/916/9 to 15/1216/12 to 15/3/16/3 to 31/3 (iii) (iv) (v) 1 Short-term capital gains taxable at the rate of 15% Enter value from item 3iii of schedule BFLA, if any. 2 Short-term capital gains taxable at the rate of 30% Enter value from item 3iv of schedule BFLA, if any. 3 4 Short-term capital gains taxable at applicable rates Enter value from item 3y of schedule BFLA, if any. Short-term capital gains taxable at DTAA rates Enter value from item 3vi of schedule BFLA, if any. Long-term capital gains taxable at the rate of 10% 5 Enter value from item 3vii of schedule BFLA, if any. 6 7 Long term capital gains taxable at the rate of 20% Enter value from item 3viii of schedule BFLA, if any. Long-term capital gains taxable at the rate DTAA rates Enter ....
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....value from item 3ix of schedule BFLA, if any. Capital gains on transfer of Virtual Digital Asset taxable at the rate of 30% 8 Enter value from item 16 of schedule SI, if any Please include the income of the specified persons (spouse, minor child etc.) referred to in Schedule SPI while computing the income under this head [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Schedule 112A From sale of equity share in a company or unit of equity-oriented fund or unit of a business trust on which STT is paid under section 112A SI. க2 No. Full of Value Consideratio n Name Sale- Share/ Unit Acquir ISIN Cod e of the Share/ No. Shares/ Units of Unit price per Share/ Unit -If shares are acquired on or before 31.01.2018 (Total Sale Value) (4*5) Cost of acquisiti If long- the term on without indexati Cost acquisiti of capital on on - If shares acquired before ed are Acquired after 31st January 2018 - Please Higher of 8 and 01.02.20 18, Lower of - asset was Fair Market Value pe....
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....r share/unit as on 31st January, 2018 9 6 and 11 enter Full of Value Consideratio n 236 Total Fair Balanc Market Value of capital asset as Expenditu re wholly and exclusivel e Total deductio (6-13) Item 4 y in ns (a) of per section 55(2)(a n connectio with LTCG (7+12) Schedu transfer le of c)- ITR2 (4*10) (Col. (Col. Col.1) 1a) 2) (Col. 3) (Col. 4) (Col. 5) (Col. 6) (Col. 7) (Col. 8) (Col. 9) (Col. 10) (Col. 11) (Col. 12) (Col. 13) (Col. 14) 1 2 3 ☠te 115AD(1)(b)(iii) proviso For NON-RESIDENTS - From sale of equity share in a company or unit of equity-oriented fund or unit of a business trust on which STT is paid under section 112A Full Value of Consideratio n -If shares are acquired on or before 31.01.2018 of Cost acquisitio n without indexatio Sale- Sl. No. ISIN Share/ Code Unit Name of the Share / Unit No. of price Shares (Total Sale Value) (4*5) / Units per Share Acquire d / Unit -If shares are Acquired n after 31st Higher of 8 and 9 January 2018 - Please enter Value Full of Consideratio n Cost acquisitio n If the of before 01.02.201 8, Lowe....
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....r long-term capital asset was acquired Total Fair Balance Expenditur as Fair Market Value share/unit on 31st January,201 per 8 of 6 and 11 Market Value of capital asset per section 55(2)(ac) -(4*10) e wholly and exclusively (6-13) Total deduction Item 7 S as in (a) of connection with transfer (7+12) LTCG Schedul e of ITR2 (Col.1 (Col. 1a) (Col. (Col. (Col. (Col. (Col. (Col. 6) (Col. 7) (Col. 8) (Col. 9) (Col. 10) (Col. 11) (Col. 12) (Col. 13) 1 2 3 9 9 237 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(i)] 2 Add Rows Total Schedule VDA Income from transfer of virtual digital assets Sl. No. Date Acquisition of Date of Transfer Head which income to be taxed (Capital Gain) under Cost of Acquisition (In case of gift; a. Enter the amount on which tax is paid u/s 56(2)(x) if any b. In any other case cost to previous owner) (Col. 1) (Col. 2) (Col. 3) (Col. 4) (Col. 5) Add Rows Total (Sum of all Positive Incomes of Capital Gain in Col. 7) Schedule OS Income from Other Sources Consideration Received Income from transfer of Virtual Digital Assets (enter nil in case of loss) (Col. 6 Col. 5....
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....) (Col. 6) (Col. 7) 1 Gross income chargeable to tax at normal applicable rates (1a+ 1b+ 1c+ 1d + 1e) a Dividends, Gross (ai+aii) 1 la li Dividend income other than (ii) ai ii Dividend income u/s 2(22)(e) aii lb Interest, Gross (bi + bii + biii + biv+ bv + bvi + bvii + bviii + bix) 1b i From Savings Bank bi lii From Deposits (Bank/ Post Office/ Co- operative) Society/) bii iii From Income-tax Refund liv In the nature of Pass through income/loss biii biv Interest accrued on contributions to V provident fund to the extent taxable as perbv first proviso to section 10(11) vi Interest accrued on contributions to provident fund to the extent taxable as perbvi second proviso to section 10(11) Interest accrued on contributions to vii provident fund to the extent taxable as perbvii first proviso to section 10(12) Interest accrued on contributions to viii provident fund to the extent taxable as per second proviso to section 10(12) bvii ix Others bix C Rental income from machinery, plants, buildings, etc., Gross d Income of the nature referred to in section 56(2)(x) which is chargeable to tax (di, +dii + diii + div + dv) 1c 1d Aggregate val....
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....ue of sum of money received without di consideration (Item No. C2 of Schedule CG) [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] 2 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 238 lii iii liv V In case immovable property is received without dii consideration, stamp duty value of property In case immovable property is received for inadequate consideration stamp duty value of diii property in excess of such consideration In case any other property is received without div consideration, fair market value of property In case any other property is received for dy inadequate consideration, fair market value of property in excess of such consideration e Any other income (please specify nature) SI. Nature No. 1 Family Pension 2 Income from retirement benefit account maintained in a notified country u/s 89A (choose country from drop down menu) 3 Income from retirement benefit account maintained in a country "other than notified country u/s 89A" 4 Income taxable during the previous year on which relief u/s 89A was claimed in any earlier previous year. le Am....
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....ount Rows can be added as required Income chargeable at special rates (2a+ 2b+ 2c+ 2d + 2e +2f elements related to Sl.2 No.1) a Winnings from lotteries, crossword puzzles etc. chargeable u/s 115BB 2a b Income chargeable u/s 115BBE (bi + bii + biii + biv+ bv + bvi) 2b i Cash credits u/s 68 bi ii Unexplained investments u/s 69 bii iii Unexplained money etc. u/s 69A biii liv Undisclosed investments etc. u/s 69B biv v Unexplained expenditure etc. u/s 69C by C vi Amount borrowed or repaid on hundi u/s 69D bvi Accumulated balance of recognised provident fund taxable u/s 111 2c Income S.No. Assessment Year Tax benefit benefit (i) (ii) (iii) (iv) d Any other income chargeable at special rate (total of di to dxx) Dividends received by non-resident (not being di company) or foreign company chargeable u/s 115A(1)(a)(i) ii Interest received from Government or Indian concerndii on foreign currency debts chargeable u/s 115A(1)(a)(ii) liii Interest received from Infrastructure Debt Funddiii chargeable u/s 115A(1)(a)(iia) liv Interest referred to in section 194LC(1) - chargeablediv u/s 115A(1)(a)(iiaa) @ 5% v Interest referred to in section 194LD....
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.... - chargeable u/sdv 115A(1)(a)(iiab) vi Distributed income being interest referred to indvi section 194LBA - chargeable u/s 115A(1)(a)(iiac) 2d 239 vii THE GAZETTE OF INDIA: EXTRAORDINARY Income from units of UTI or other Mutual Fundsdvii specified in section 10(23D), purchased in Foreign Currency - chargeable u/s 115A(1)(a)(iii) viii Income from royalty or fees for technical services dviii received from Government or Indian concern chargeable u/s 115A(1)(b)(A) & 115A(1)(b)(B) ix xi xii xiii xiv XV Income by way of interest on bonds purchased indix foreign currency by non-residents 115AC chargeable u/s Income by way of Dividend on GDRs purchased indx foreign currency by non-residents 115AC - chargeable u/s Income by way of dividends from GDRs purchased indxi foreign currency by residents 115ACA - chargeable u/s Income (other than dividend) received by an FII indxii respect of securities (other than units referred to in section 115AB) - chargeable u/s 115AD(1)(i) Income by way of interest received by an FII on bonds dxiii or Government securities referred to in section 194LD chargeable as per proviso to section 115AD(1)(i) Income received by....
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.... non-residents sportsmen ordxiv sports associations chargeable u/s 115BBA Anonymous Donations in certain cases chargeable u/sdxv 115BBC xvi Interest referred to in Proviso to section 194LC(1) -dxvi chargeable u/s 115A(1)(a)(iiaa) @ 4% xvii Income by way of royalty from patent developed and dxvii registered in India - chargeable u/s 115BBF xviii Income by way of transfer of carbon credits -Dxviii chargeable u/s 115BBG xix Investment Income of a Non-Resident Indian -d xix chargeable u/s 115E Income being dividend received by an FII in respectdxx XX of securities (other than units referred to in section 115AB) chargeable u/s 115AD(1)(i) [PART II SEC. 3(i)] e Pass through income in the nature of income from other sources chargeable at special rates (drop down to be. provided) Amount included in 1 and 2 above, which is chargeable at special rates in India as per DTAA (total of column (2) of table below) Item No.1 Country & Article DTAA Rate as per Treaty of (enter NIL, if not chargeable) Whether obtained (Y/N) TRC Section of I.T. Act Rate per Act as Applicable lower of (6) or (9)] rate I.T. Amountai, 1b to 2 in which name Sl. No. of in....
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....come included Code 2e 2f (1) (2) (3) (4) (5) (6) II 3 (7) (8) (9) (10) (12) Deductions under section 57 (other than those relating to income chargeable at special rates under 2a, 2b & 2d) ai Expenses Deductions other than "aii" (in case other than family pension) 3ai aii Interest expenditure on dividend u/s 57(i) (available only if income offered in 1A) 3aii aiia Eligible Interest expenditure u/s 57(1) - Computed Amount 3aiia [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण aiii Deduction u/s. 57(iia) (in case of family pension only) 3aiii b Depreciation (available only if income offered in 1c of Schedule OS) 3b C Total Ð’Ñ 4 Amounts not deductible u/s 58 4 5 Profits chargeable to tax u/s 59 5 5a Income claimed for relief from taxation u/s 89A 5a 6 Net Income from other sources chargeable at normal applicable rates (1(after reducing income related to DTAA portion) −3+4+5-5a) (If negative take the figure to 3i of schedule CYLA) 17 Income from other sources (other than from owning ....
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....race horses) (2+6) (enter 6 as nil, if negative) 17 8 Income from the activity of owning and maintaining race horses a Receipts 8a lb Deductions under section 57 in relation to receipts, at 8a only 8b c Amounts not deductible u/s 58 d Profits chargeable to tax u/s 59 8c 8d 9 10 e Balance (8a-8b + 8c + 8d) (if negative take the figure to 6xii of Schedule CFL) Income under the head “Income from Other Sources†(7+8e) (take 8e as nil if negative) Information about accrual/receipt of income from Other Sources S.No. Other Source Income Upto 15/6 From 16/6 to 15/9 From 16/9 to 15/12 From 16/12 to 15/3 From 16/3 to 31/3 (i) (ii) (iii) (iv) (v) Income by way of winnings from lotteries, crossword puzzles, races, games, gambling, betting etc. referred to in section 2(24)(ix) Dividend Income referred in Sl. No. 1a(i) Dividend Income u/s 115A(1)(a)(i) @ 20% (Including PTI Income) Dividend Income u/s 115AC @ 10% Dividend Income u/s 115ACA (1)(a) @ 10% (Including PTI Income) Dividend Income of FII (other than units referred to in section 115AB) u/s 115AD(1)(i) @ 20% (Including PTI Income) Dividend income chargeable at D....
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....TAA Rates 8e 19 240 241 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Income retirement account maintained in from benefit 8 a notified country u/s 89A (Taxable portion NOTE â–º after reducing relief u/s 89A) Please include the income of the specified persons (spouse, minor child etc.) referred to in Schedule SPI while computing the income under this head. Schedule CYLA Details of Income after Set off of Current Year Losses Sl. No. Head/ Source of Income li Loss to be set off (Fill this row only if computed figure is 1 Income of current House property loss Net loss from Other sources Current year's year (Fill this column of the current year chargeable at normal applicable Income remaining only if income is zero set off rates (other than loss from race after set off or positive) horses) of the current year set off 2 3 (4 of Schedule HP) (6 of Schedule-OS) (6 of Schedule S) negative) ii Salaries iii House property iv V Short-term capital gain taxable @ 15% Short-term capital gain taxable @ 30% vi Short-term capital gain taxable applicable rates (4 of Schedule HP) (9ii of item E of Schedule CG) (9iii of item E of Sche....
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....dule CG) at (9iv of item E of Schedule CG) Short-term capital gain taxable at special (9v of item E of vii rates in India as per DTAA viii Long-term capital gain taxable @ 10% ix x xi xii xiii xiv Long-term capital gain taxable @ 20% Schedule CG) (9vi of item E of Schedule CG) (9vii of item E of Schedule CG) Long-term capital gains taxable at special (9viii of item E of rates in India as per DTAA Net income from other sources chargeable at normal applicable rates Profit from the activity of owning and maintaining race horses Schedule CG) (6 of Schedule OS) (8e of Schedule OS) Total loss set off (ii + iii + iv + v + vi + vii + viii+ix+x+xi + xii) Loss remaining after set-off (i-xiii) CURRENT YEAR LOSS ADJUSTMENT Schedule BFLA FORWARD LOSS BROUGHT ADJUSTMENT Details of Income after Set off of Brought Forward Losses of earlier years SI. Head/ Source of Income No. 1 Income after set off, if any, of current Brought forward loss set off year's losses as per 4 of Schedule CYLA) Salaries (4ii of schedule CYLA) 2 3 |4=1-2-3 Current year's income remaining after set off CARRY FORWARD OF LOSS [à¤à¤¾à¤— II–खणà....
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....¥à¤¡ 3(i)] lii House property à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण (4iii of schedule CYLA) (B/f house property loss) iii Short-term capital gain taxable @ 15% (4iv of schedule CYLA) (B/f short-term capital loss) iv Short-term capital gain taxable @ 30% (4v of schedule CYLA) (B/f short-term capital loss) v Short-term capital gain taxable at applicable (4vi of schedule CYLA) (B/f short-term capital loss) rates vi Short-term capital gain taxable at special rates in India as per DTAA (4vii of schedule CYLA) (B/f short-term capital loss) vii Long-term capital gain taxable @ 10% (4viii of schedule CYLA) (B/f short-term or long-term capital loss) viii Long-term capital gain taxable @ 20% (4ix of schedule CYLA) (B/f short-term or long-term capital loss) ix Long-term capital gains taxable at special rates in India as per DTAA (4x of schedule CYLA) (B/f short-term or long-term capital loss) Net income from other sources chargeable at normal applicable rates (4xi of schedule CYLA) xi Profit from owning and maintaining race horses (4xii of schedule CYLA) (B/....
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....f loss from horse races) Total of brought forward loss set off xii (2ii + 2iii + 2iv + 2v+ 2vi + 2vii + 2viii + 2ix + 2xi) xiii Current year's income remaining after set off Total of (3i + 3ii + 3iii + 3iv + 3v+ 3vi + 3vii + 3viii+ 3ix + 3x + 3xi) Schedule CFL 242 Assessment Year Date of Filing (DD/MM/YYYY) House property loss Short-term capital loss loss Long-term Capital Loss from owning and maintaining race horses 1 2 3 4 5 6 i 2015-16 ii 2016-17 iii 2017-18 Iv 2018-19 v 2019-20 vi 2020-21 vii 2021-22 viii 2022-23 ix X Total of earlier year losses Adjustment of above losses in Schedule BFLA 2023-24 (Current year losses) (2ii of Schedule BFLA) (2xi of Schedule BFLA) (2xiv of Schedule CYLA) (2x+3x+4x+5x) of item E of (6x+7x+8x) of item E ( 8e of Schedule OS, if Schedule CG of Schedule CG ve) DETAILS OF DONATIONS ii 243 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Total loss xii forward to years carried future Schedule VI-A Deductions under Chapter VI-A Part B- Deduction in respect of certain payments TOTAL DEDUC 80C Schedule VI-A Deductions under Chapter VI-A C 80CCD(1) TOTAL DEDUCTIONS e 80CCD(2) ....
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.... g 80DD li 80E k 80EEA m 80G 0 80GGA lb 80CCC d 80CCD(1B) f 80D h 80DDB li 80EE I 80EEB n 80GG P 80GGC 2 Part C, CA and D- Deduction in respect of certain incomes/other deduction q 80QQB S 80TTA r 80RRB t 80TTB u 80U V Total deductions under Chapter VI-A (Total of a to u) 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 lii iii Total B Donations entitled for 50% deduction without qualifying limit Name and address of Donee ii iii Total Donations entitled for 100% deduction subject to qualifying limit Name and address of Donee liii Total Donations entitled for 50% deduction subject to qualifying D limit PAN Donee of Amount of donation Eligible Amount of donation Donation in Donation in Total cash other mode Donation PAN Donee of Amount of donation Eligible Amount of donation Donation cash inDonation in Total other mode Donation PAN Donee of Amount of donation Eligible Amount of donation Donation cash inDonation in Total other mode Donation [à¤à¤¾à¤— II–खणà....
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....¥à¤¡ 3(i)] E Name and address of Donee ii iii Total Total donations (Aiii + Biii + Ciii + Diii) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण PAN Donee ARN of (Donation Reference Amount of donation Number) Donation cash inDonation other mode in Total Donation Schedule 80GGA Details of donations for scientific research or rural development S. No. Relevant clause under which deduction is claimed (drop down to be provided) Name and address of Donee PAN of Donee Amount of donation ii Total donation 244 Eligible donation Amount of Donation in cash Donation in other mode Total Donation Schedule AMT Computation of Alternate Minimum Tax payable under section 115JC 1 Total Income as per item 12 of PART-B-TI 2 Adjustment as per section 115JC(2) Deduction claimed under any section included in Chapter VI-A under the 2a la heading "C.-Deductions in respect of certain incomes" 3 Adjusted Total Income under section 115JC(1) (1+2a) 3 14 Tax payable under section 115JC [18.5% of (3)] (if 3 is greater than Rs. 20 lakhs) 14 Schedule AMTC Computation of tax cred....
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....it under section 115JD 1 Tax under section 115JC in assessment year 2023-24 (1d of Part-B-TTI) 2 Tax under other provisions of the Act in assessment year 2023-24 (7 of Part-B-TTI) 3 Amount of tax against which credit is available [enter (2-1) if 2 is greater than 1, otherwise enter 0] 4 2 3 Eligible Amount donation of Utilization of AMT credit Available (Sum of AMT credit utilised during the current year is subject to maximum of amount mentioned in 3 above and cannot exceed the sum of AMT Credit Brought Forward) S. Assessment Year No. (A) i 2013-14 ii 2014-15 iii 2015-16 iv 2016-17 V 2017-18 vi 2018-19 vii 2019-20 viii 2020-21 ix 2021-22 ☑ 2022-23 AMT Credit Gross Set-off in earlier Balance assessment years (B1) (B2) AMT Credit UtilisedBalance AMT Credit during the Current brought Assessment Year forward to the current assessment year (B3)=(B1)-(B2) (C) Carried Forward |(D)=(B3)-(C) 245 THE GAZETTE OF INDIA : EXTRAORDINARY Current AY (enter 1-2, if 1>2 xi else enter 0) xii Total 5 Amount of tax credit under section 115JD utilised during the year [total of item No. 4 (C)] 16 Amount of AMT liability available for ....
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....credit in subsequent assessment years [total of 4 (D)] 5 [PART II-SEC. 3(i)] Schedule SPI Sl No Name of person Income of specified persons (spouse, minor child etc.) includable in income of the assessee as per section 64 PAN/ Aadhaar No. of person (optional) Relationship Amount (Rs) Head of Income in which included 1 12 Schedule SI Sl No Section ☑ Special (%) rate Income (i) Tax thereon (ii) 1 111- Accumulated balance of recognised provident for prior years ☠(2ciii of Schedule OS) (2civ Schedule OS) ор 2 111A or section 115AD(1)(b)(ii)- Proviso (STCG on shares units on which STT paid) 15 3 115AD (STCG for FIIs on securities where STT not paid) ◉ 30 (3iii of Schedule BFLA) (3iv of Schedule BFLA) 4 112 proviso (LTCG on listed securities/ units without indexation) 10 (part of 3vii of Schedule BFLA) 5 112(1)(c)(iii) (LTCG for non-resident on unlisted securities) ☠10 (part of 3vii of Schedule BFLA) 6 115AC (LTCG for non-resident on bonds/GDR) ☠10 (part of 3vii of Schedule BFLA) 7 115ACA (LTCG for an employee of specified company on GDR) ☠10 (part of 3vii of Schedule BFLA) 8 115AD (L....
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....TCG for FIIs on securities) ☠10 (part of 3vii of Schedule BFLA) SPECIAL RATES OF TAXATION 19 115E (LTCG for non-resident Indian on specified asset) ☠10 (part of 3vii of Schedule BFLA) 10 112 (LTCG on others) ã… 20 (3viii of Schedule BFLA) 11 112A or section 115AD(1)(b)(iii)-Proviso (LTCG on sale of shares or units on which STT is paid) 10 (part of 3vi of Schedule BFLA) 12 STCG Chargeable at special rates in India as per DTAA (part of 3vi of Schedule BFLA) 13 LTCG Chargeable at special rates in India as per DTAA (part of 3ix of schedule BFLA) 14 115BB (Winnings from lotteries, puzzles, races, games etc.) ☠30 (part of 2a of Schedule OS) 15 115BBE (Income under sections 68, 69, 69A, 69B, 69C or 69D) ☠60 (2b of Schedule OS) 16 115BBH (Income from transfer of virtual digital asset) ☠30 (C2 of Schedule CG) 115BBF (Tax on income from patent) 10 17 ☠(part of 2d of Schedule OS) 115BBG (Tax on income from transfer of carbon credits) 10 18 (part of 2d of Schedule OS) 19 Any other income chargeable at special rate (Drop down to be provided in e-filing utility) ☠part of 2d of Schedule OS)....
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.... 20 Other source of income chargeable at special rates in India as per DTAA ☠(part of 2f of Schedule OS) Pass Through Income in the nature of Short-Term Capital Gain chargeable @ 15% 15 21 (part of 3iv of Schedule BFLA) Pass Through Income in the nature of Short-Term Capital Gain chargeable @ 30% × 30 22 part of 3v of Schedule BFLA) [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 246 23 Pass Through Income in the nature of Long-Term Capital Gain chargeable @ 10% u/s ☠112A 10 (part of 3vii of Schedule BFLA) 24 Pass Through Income in the nature of Long-Term Capital Gain chargeable @ 10%- under sections other than u/s 112A 10 (part of 3vii of Schedule BFLA) Pass Through Income in the nature of Long-Term Capital Gain chargeable @ 20% 20 25 (part of 3vili of Schedule BFLA) 26 Pass through income in the nature of income from other source chargeable at special ☠rates (Drop down to be provided in e-filing utility) (2e of Schedule OS) Total Schedule EI Details of Exempt Income (Income not....
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.... to be included in Total Income or not chargeable to tax) 1 Interest income 1 2 Gross Agricultural receipts (other than income to be excluded under rules. 7A, 7B or 8) ii Expenditure incurred on agriculture lii iii Unabsorbed agricultural loss of previous eight assessment years liii iv Net Agricultural income for the year (i – ii – iii) (enter nil if loss) EXEMPT INCOME V In case the net agricultural income for the year exceeds Rs.5 lakh, please furnish the following details (Fill up details separately for each agricultural land) a Name of district along with pin code in which agricultural land is located Measurement of agricultural land in Acre b C Whether the agricultural land is owned or held on lease (drop down to be provided) 13 d Whether the agricultural land is irrigated or rain-fed (drop down to be provided) Other exempt income (including exempt income of minor child) 4 Income not chargeable to tax as per DTAA Sl. No. Amount of Nature income income of Country name & Article of DTAA Code Head of Income Whether TRC obtained (Y/N) I II III Total Income from DTAA not chargeable to tax 5 Pass through income not chargeable ....
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....to tax (Schedule PTI) 16 Total (1+2+3+4+5+) 4 15 16 3 Schedule PTI Pass Through Income details from business trust or investment fund as per section 115UA, 115UB SI. Investment of entity by covered section 115UA/115UB Name of business trust/ PAN the SI. business trust/ investment fund Head of income Current year income Share of current year loss distributed Net TDS on Income/ such Loss amount, if any investment fund by Investment fund (7-8) PASS THROUGH INCOME (1) (2) 1. (3) (4) (5) (6) (7) (8) (9) (10) (Dropdown be provided) to I House property ii Capital Gains a Short-term ai Section 111A aii Others b Long-term bi Section 112A bii Other than section 112A iii Other Sources 247 NOTE THE GAZETTE OF INDIA: EXTRAORDINARY A Dividend B Others iv Income claimed to be exempt a u/s 10(23FBB) b u/s ....... Ñ 2. I ii Schedule FSI u/s... House property Capital Gains a Short-term ai Section 111A aii Others b Long-term bi Section 112A bii Other than Section 112A iii Other Sources a Dividend iv Please refer to the instructions for filling out this schedule. SI. Country Taxpayer ....
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.... Code No. NOTE â–¶ Schedule TR Identification Number B Others Income claimed to be exempt a u/s 10(23FBB) b u/s C u/s ..... Details of Income from outside India and tax relief (available only in case of resident) Sl. Head of income Income (a) i Salary ii House Property iii Capital Gains iv Other sources Total i Salary [PART II-SEC. 3(i)] outside from Tax paid Tax payable on such income under Tax Indiaoutside India normal provisions in India (included in PART B-TI) (b) (c) (d) ii House Property iii Capital Gains iv Other sources Total Please refer to the instructions for filling out this schedule. Summary of tax relief claimed for taxes paid outside India (available only in case of resident) 1 Summary of Tax relief claimed relief Relevant article available in India of DTAA if relief claimed (e)= (c) or (d) u/s 90 or 90A is whichever lower (e) (f) [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Country Code Taxpayer Identification Total taxes paid outside India Total tax relief a....
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....vailable Number (total of (c) of Schedule FSI in respect (total of (e) of Schedule FSI in of each country) respect of each country) (a) (b) (c) (d) Total 248 Tax Relief Claimed under section (specify 90, 90A or 91) (e) 2 Total Tax relief available in respect of country where DTAA is applicable (section 90/90A) (Part of total of 1(d)) 2 3 Total Tax relief available in respect of country where DTAA is not applicable (section 91) (Part of total of 1(d)) 3 4 Whether any tax paid outside India, on which tax relief was allowed in India, has been refunded/credited by the foreign tax authority during the year? If yes, provide the details below Yes/No a Amount of tax refunded b Assessment year in which tax relief allowed in India NOTE Please refer to the instructions for filling out this schedule. Schedule FA Details of Foreign Assets and Income from any source outside India A1 Details of Foreign Depository Accounts held (including any beneficial interest) at any time during the calendar year ending as on 31st day of December, 2022 SI Country Country code No name Name of Address financial financial institution institution of ZIP code Account number S....
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....tatus Account Peak Closing opening balance balance date during Gross interest paid/credited to the account the during the DETAILS OF FOREIGN ASSETS ☠period period (1) (2) (3) (4) (5) (6) (7) (8) (9) |(10) |(11) (12) 2 A2 Details of Foreign Custodial Accounts held (including any beneficial interest) at any time during the calendar year ending as on 31st day of December, 2022 249 B THE GAZETTE OF INDIA: EXTRAORDINARY SI Country Country code Name of No name of Address ZIP code Account Status number Account financial financial date Peak opening balance during the institution institution period [PART II-SEC. 3(i)] Closing Gross amount paid/credited to the balance account during the period (drop down to be provided specifying nature of amount viz. interest/dividend/proceeds from sale or redemption of financial assets/ other income) (1) (2) (3) (4) (5) (6) (7) (8) (0) (10) (11) (12) " (ii) A3 Details of Foreign Equity and Debt Interest held (including any beneficial interest) in any entity at any time during the calendar year ending as on 31st day of December, 2022 SI Country Country code No name Name of Address ZIP ....
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.... entity of entity code entity Nature of Date of Initial acquiring value the Peak value Closing Total of of value amount the interest investment investment during the period paid/credited gross Total proceeds sale gross from or with respect to redemption of the during holding investment the during the period period (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 0 (ii) A4 Details of Foreign Cash Value Insurance Contract or Annuity Contract held (including any beneficial interest) at any time during the calendar year| ending as on 31st day of December, 2022 SI Country Country code No name Name of financial Address ZIP code Date of contract institution in which of insurance contract financial the contract held institution The cash value or Total surrender value of paid/credited with respect to the contract during the period gross amount (1) (2) (3) (4) (5) (6) (7) |(8) (9) (ii) Details of Financial Interest in any Entity held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2022 SI Country ZIP Code Nature of Name and No Nature Interest- of Date since....
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.... Total held Investment of Income Nature Income taxable and offered accrued in this return Name and Address of the [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] code à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण entity Entity Direct/ Beneficial owner/ Beneficiary 250 (at cost) (in from rupees) Interest such Income Amount Schedule Item where number offered of schedule (1) (2) 2a (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (ii) C Details of Immovable Property held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2022 SI Country ZIP Code Address of the Ownership- No Name and code Property Date of Total Income acquisition Investment (at derived Nature of Income taxable and offered in Income this return Direct/ Beneficial owner/ cost) rupees) (in from property the Beneficiary Amount Schedule Item where offered number of schedule (1) (2) 2a (3) (4) (5) (6) (7) (8) (9) (10) (11) (i) (ii) D Details of any other Capital Asset held (including any beneficial interest) at....
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.... any time during the calendar year ending as on 31st December, 2022 SI Country Nature of Asset Ownership- Date of Total Income Nature of Income taxable and offered in No Name and acquisition Investment ZIP Code code Direct/ Beneficial owner/ (at derived cost) (in rupees) from the Income this return asset Beneficiary Amount Schedule Item where offered number of schedule (1) (2) 2b (3) (4) (5) (6) (7) (8) (9) (10) (11) (i) (ii) E Details of account(s) in which you have signing authority held (including any beneficial interest) at any time during the calendar year ending as on 31st| December, 2022 and which has not been included in A to D above. SI Name of the Address of Country ZIP Code No Institution the Name of the Account Peak Balance/ Whether If (7) is yes, If (7) is yes, Income offered in this Name account Number Investment income Income return lin which Institution and holder during the account| is held Code year the accrued is accrued (in taxable in the account in rupees) your hands? 251 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Amount Schedule Item number hered of schedule (1) (2) (3) (3) (b) (4....
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....) (5) (0) (7) (8) (9) (10) (11) (i) (ii) F Details of trusts, created under the laws of a country outside India, in which you are a trustee, beneficiary or settlor Sl Country ZIP Code No Name Name address of and code trust and Name Name the and address address Settlor of trustees your hands? and Name and Date Whether If (8) is yes, If (8) is yes, Income offered in of address of since income Income this return Beneficiaries position derived is derived held taxable in from trust the Amount Schedule Item where number offered of schedule (1) (2) (2a) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (i) ⑪i) G Details of any other income derived from any source outside India which is not included in,- (i) items A to F above and, (ii) income under the head business or profession If (6) is yes, Income offered in this SI Country Name and ZIP Code Name and address of the person from whom Nature Whether taxable in return Income derived of % No code derived income your hands? Amount Schedule Item number where of schedule offered (1) (2) (2b) |(3) (4) (5) (6) (7) (8) (9) (i) NOTE ► Please refer to instructions f....
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....or filling out this schedule. In case of an individual, not being an Indian citizen, who is in India on a business, employment or student visa, an asset acquired during any previous year in which he was non-resident is not mandatory to be reported in this schedule if no income is derived from that asset during the current previous year. Schedule 5A Name of the spouse Information regarding apportionment of income between spouses governed by Portuguese Civil Code PAN/ Aadhaar No. of the spouse DETAILS OF ASSETS AND LIABILITIES [à¤à¤¾à¤— II–खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 252 Heads of Income Receipts under the Amount apportioned in head hands of the spouse the Amount of TDS deducted on TDS apportioned in the hands of income at (ii) spouse (ii) (iii) (iv) (v) (i) 1 House Property 2 Capital gains 3 Other sources 4 Total Assets and Liabilities at the end of the year (applicable in a case where total income exceeds Rs.50 lakh) Details of immovable assets Schedule AL A SI. Description No. (1) (2) NOTE (i)....
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.... Address (3) Pin code Amount (cost) in Rs. (4) (5) Amount (cost) in Rs. (ii) B Details of movable assets SI. Description No. (1) (2) (3) (i) Jewellery, bullion etc. (ii) Archaeological collections, drawings, painting, sculpture or any work of art (iii) Vehicles, yachts, boats and aircrafts (iv) Financial assets Amount (cost) in Rs. (a) Bank (including all deposits) (b) Shares and securities (c) Insurance policies (d) Loans and advances given (e) Cash in hand Liabilities in relation to Assets at (A + B) Please refer to instructions for filling out this schedule. 253 Schedule: Tax deferred on ESOP DETAILS THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Information related to Tax deferred - relatable to income on perquisites referred in section 17(2)(vi) received from employer, being an eligible start-up referred to in section 80-IAC Has any of the following events occurred during the previous year relevant to current assessment year Such specified security or sweat equity shares or Amount of deferred were sold Tax (i)Fully brought (ii)Partly Sl. No. Assessment forward (iii)Not Year from earlier AY Specify the d....
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....ate and of Ceased to be the employee of the employer who allotted transferred such sold specified security or sweat equity share? tax O Yes O No If yes date " specify (1) (2) (3) amount attributed to such sale out of Col 3 (Details to be provided as per utility) (4) Forty-eight months have expired from the end of the relevant assessment year in which specified security or sweat equity shares referred to in the said *clause were allotted. If yes, specify date (6) Balance Amount of tax payable in amount of the current Assessment Year tax deferred to be carried be (to populated from col. (3) or (4) as the case maybe) forward to the next Assessment years Col (3)-(7) (7) (8) 1 2021-22 Sl. No. 8 of Schedule ESOP for last year Sl. No. 8 of Schedule ESOP (To be enabled from AY 2026-27) (Payment to be made in FY 2025-26) 2 2022-23 for last year 3 2023-24 TOTAL INCOME [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Part B - TI Computation of total income 1 Salaries....
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.... (6 of Schedule S) 2 Income from house property (4 of Schedule HP) (enter nil if loss) 3 Capital gains PART-B a Short-term li Short-term chargeable @ 15% (9ii of item E of schedule CG) ii Short-term chargeable @ 30% (9iii of item E of schedule CG) ai aii iii Short-term chargeable at applicable rate (9iv of item E of schedule CG) laiii liv Short-term chargeable at special rates in India as per DTAA (9v of item E of Schedule CG) aiv V Total Short-term (ai + aii + aiii + aiv) (enter nil if loss) 3av b Long-term i Long-term chargeable @ 10% (9vi of item E of schedule CG) bi lii Long-term chargeable @ 20% (9vii of item E of schedule CG) bii iii Long-term chargeable at special rates in India as per DTAA (9viii of item E of schedule CG) biii iv Total Long-term (bi + bii + biii) (enter nil if loss) 3biv c Sum of Short-term/Long-term capital gains (3av + 3biv) (enter nil if loss) 3c d Capital gain chargeable @ 30% u/s 115BBH (C2 of schedule CG) 3d e Total capital gains (3c + 3d) Зе 4 Income from other sources a Net income from other sources chargeable to tax at normal applicable rates (6 of Schedule OS) (enter nil if loss) 4a b Income cha....
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....rgeable to tax at special rates (2 of Schedule OS) 4b C Income from the activity of owning and maintaining race horses (8e of Schedule OS) (enter nil if loss) 4c d Total (4a + 4b + 4c) (enter nil if loss) 4d 5 Total of head wise income (1+2+3e+4d) 15 6 Losses of current year set off against 5 (total of 2xiii and 3xiii of Schedule CYLA) 6 17 Balance after set off current year losses (5-6) (total of column 4 of Schedule CYLA+ 2 of Schedule OS) 17 8 Brought forward losses set off against 7 ( 2xii of Schedule BFLA) 8 9 Gross Total income (7-8) (3xiii of Schedule BFLA + 2 of Schedule OS) 9 10 Income chargeable to tax at special rate under section 111A, 112, 112A etc. included in 9 10 11 Deductions under Chapter VI-A [v of Schedule VIA and limited to (9-10)] 11 12 Total income (9-11) 12 13 Income which is included in 12 and chargeable to tax at special rates (total of column (i) of schedule SI) 13 14 Net agricultural income/ any other income for rate purpose (3 of Schedule EI) 14 15 Aggregate income (12-13+14) [applicable if (12-13) exceeds maximum amount not chargeable to tax] 15 16 Losses of current year to be carried forward (total of row xi o....
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....f Schedule CFL) 16 17 Deemed income under section 115JC (3 of Schedule AMT) 17 Part B -TTI Computation of tax liability on total income 1 a Tax payable on deemed total income u/s 115JC (4 of Schedule AMT) la b Surcharge on (a) (if applicable) 1b C Health and Education Cess @ 4% on (1a + 1b) above d Total tax payable on deemed total income (1a+1b+1c) 1c 1d 1 2 254 255 THE GAZETTE OF INDIA: EXTRAORDINARY Tax payable on total income a Tax at normal rates on 15 of Part B-TI b Tax at special rates (total of col. (ii) of Schedule SI) 2a 2b COMPUTATION OF TAX LIABILITY C 10 Deductions under Chapter VI-A (o of Schedule VIA) 11 Total income 12 13 Net agricultural income/ any other income for rate purpo Aggregate income' (8+9) 14 Losses of current year to be carried forward (total of 2vii Rebate on agricultural income [applicable if (12-13) of Part B-TI exceeds 2c maximum amount not chargeable to tax] d Tax Payable on Total Income (2a + 2b - 2c) Rebate under section 87A 4 Tax payable after rebate (2d - 3) 5 Surcharge 1 @25% of 15(ii) of Schedule SI Surcharge Surcharge computed beforeafter marginal marginal relief relief 5i да ....
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.... 4 5ii iia ii @10% or 15%, as applicable (Refer instructions) iii On [(4) - 15(ii) of Schedule SI – tax on incomes referred in 5(ii)5iii above)] 2d 3 14 iv Total ia + iia 5iv 5iii 6 Health and Education Cess @ 4% on (4+5iv) 6 17 Gross tax liability (4+5iv +6) 7 8 Gross tax payable (higher of 1d and 7) (8a+8b) 8 8a Tax on income without including income on perquisites referred in section 17(2)(vi) received from, employer, being an eligible start-up referred to in section 80-IAC (Schedule Salary) (8-8b) 8a 8b Tax deferred-relatable to income on perquisites referred in section 17(2)(vi) received from employer, being 8b an eligible start-up referred to in section 80-IAC 8c Tax deferred from earlier years but payable during current AY (total of col 7 of schedule Tax deferred on ESOP 8c 9 Credit u/s 115JD of tax paid in earlier years (applicable only if 7 is higher than 1d) (row 5 of Schedule AMTC) 19 10 Tax payable after credit u/s 115JD (8a+ 8c - 9) 10 11 Tax relief la Section 89(Please ensure to submit Form 10E) 11a b Section 90/90A (2 of Schedule TR) 11b C Section 91 (3 of Schedule TR) 11c d Total (11a+11b + 11c) 11d 12 Ne....
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....t tax liability (10-11d) (enter zero if negative) 12 13 Interest and fee payable la Interest for default in furnishing the return (section 234A) 13a b Interest for default in payment of advance tax (section 234B) 13b Interest for deferment of advance tax (section 234C) 13c d Fee for default in furnishing return of income (section 234F) 13d e Total Interest and Fee Payable (13a+13b+13c+13d) 13e 14 Aggregate liability (12+13e) 14 [PART II-SEC. 3(i)] BANK ACCOUNT ii. TAXES PAID [à¤à¤¾à¤— II – खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 256 15 Taxes Paid la Advance Tax (from column 5 of 20A) 15a b TDS (total of column 5 of 20B and column 9 of 20C) 15b C TCS (total of column 7(i) of 20D) d Self-Assessment Tax (from column 5 of 20A) 15c 15d e Total Taxes Paid (15a+15b+ 15c+ 15d) 15e 16 Amount payable (Enter if 14is greater than 15e, else enter 0) 16 17 Refund (If 15e is greater than 14) (Refund, if any, will be directly credited into the bank account) 17 18 Do you have a bank account in India (Non- Residents ....
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....claiming refund with no bank account in India may select No) Select Yes or No SI. IFS Code of the Bank in case of Bank Name of the Bank Accounts held in India Account Number Indicate the account in which you prefer to get your refund credited, if any (tick accounts for refund) i ii Note: 1. Minimum one account should be selected for refund credit. 2. In case of Refund, multiple accounts are selected for refund credit, then refund will be credited to one of the account decided by CPC after processing the return Rows can be added as required b) Non-residents, who are claiming income-tax refund and not having bank account in India may, at their option, furnish the details of one foreign bank account: Sl. No. SWIFT Code Name of the Bank Rows can be added as required 19 Do you at any time during the previous year, Country of Location IBAN (i) hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India; or (ii) have signing authority in any account located outside India; or (iii) have income from any source outside India? [applicable only in case of a resident] [Ensure Schedule FA is fille....
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....d up if the answer is Yes] 20 TAX PAYMENTS A Details of payments of Advance Tax and Self-Assessment Tax SI No BSR Code (1) (2) ADVANCE/ SELF ASSESSMENT TAX iii Date of Deposit (DD/MM/YYYY) (3) Serial Number of Challan Amount (Rs) (4) (5) IV NOTE ▶ B Enter the totals of Advance tax and Self-Assessment tax in SI No. 15a & 15d of Part B-TTI Details of Tax Deducted at Source from Salary [As per Form 16 issued by Employer(s)] Sl No TDS ON SALARY Tax Deduction Account Number Name of the Employer (TAN) of the Employer (1) (2) (3) Income Salaries chargeable under Total tax deducted (4) |(5) ☠Yes ☠No TDS ON OTHER INCOME D 257 II THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] C1 NOTE ▶ Please enter total of column 5 in 15b of Part B-TTI Details of Tax Deducted at Source (TDS) on Income [As per Form No. 16 A issued or Form No. 16B/16C/16E furnished by Deductor(s)] SI No TDS brought Financial TDS credit relating to No. of Deductor/forward (b/f) deducted self /other person Other [spouse as per section Person 5A/other person as per (if TDS No. rule 37BA(2)] PAN/ TAN of Unclaimed TDS of the Aadhaar the Year ....
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.... during PAN/ Aadhaar 2022-23) current TDS credit being claimed this Corresponding (TDS Year (only if corresponding Receipt/withdrawals credit FY income is being offered for tax offered this year, not applicable if TDS TDS being is deducted u/s 194N) carried forward of credit Tenant/ related Buyer to other person) Fin. TDS Deducted Deducted Year in b/f in which deducted hands any other person as per in Claimed Claimed in the hands Gross own the hands of in own of spouse as per Amount spouse as per hands section 5A or any section 5A or other person as per rule 37BA(2) (if applicable) Head Income of rule 37BA(2) (if applicable) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) Income TDS Income TDS PAN/ Aadhaar No. I NOTE â–¶Please enter total of column 9 in 15b of Part B- TTI Details of Tax Collected at Source (TCS) [As per Form No. 27D issued by the Collector(s)] SI. TCS credit Tax Deduction and Tax PAN No. relating to self Collection Account other of Unclaimed forward (b/f) TCS brought TCS of the current TCS fin. Year credit claimed this Year being TCS credit being carried forward /other person Number o....
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....f the Collector Person (if [spouse as per TCS section 5A/ other person as per 37BA(2)] rule credit Fin. Year in Amount b/f which Collected Collected in own in the related to hands collected hands of other person) spouse as Claimed the hands of in spouse as per other person as in hands per rule 37- |I(1) applicable) (if (1) 2(i) (2)(ii) (3) (4) (5) 6(i) (6)(ii) 7(i) per section 5A or any Claimed section 5A or own any other person as per rule 37-1(1) (if applicable) (7)(ii) (8) TCS PAN NOTE Please enter total of column 7(i) in 15c of Part B- TTI [à¤à¤¾à¤— II – खणà¥à¤¡ 3 ( i ) ] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण VERIFICATION 258 |I, son/ daughter of , solemnly declare that to the best of my knowledge and belief, the information given in the return and schedules thereto is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making return in my capacity as and I am also competent to make this return and verify it. I am holding p....
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....ermanent account number (if allotted) (Please see instruction) I further declare that the critical assumptions specified in the agreement have been satisfied and all the terms and conditions of the agreement have been complied with. (Applicable in a case where return is furnished under section 92CD) Date Place Sign here → If the return has been prepared by a Tax Return Preparer (TRP) give further details below: Identification No. of TRP Name of TRP If TRP is entitled for any reimbursement from the Government, amount thereof Counter Signature of TRP Document 3 FILING STATUS PERSONAL INFORMATION 1 FORM ITR-3 INDIAN INCOME TAX RETURN (For individuals and HUFs having income from profits and gains of business or profession) (See rule 12) (Please refer instructions) Assessment Year 2023-24 Part A-GEN (A1) First name GENERAL (A2) Middle name (A3) Last name (A4) PAN (A5) Flat/Door/Block No. (A6) Name Of Premises/Building/Village (A14) Status (Tick) ☑ ☠Individual ☠HUF (A7) Road/Street/Post Office (A8) Date of Birth/Formation (DD/MM/YYYY) (A15) Date of Commencement Business (DD/MM/YYYY) of (A9) Area/locality (A10) Town/City/Dis....
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....trict (A16) Aadhaar Number (12 digit)/ Aadhaar Enrolment Id (28 digit) (if eligible for Aadhaar) (A11) State (A13) Country (A17) Residential/Office Phone Number with STD code/Mobile No. Mobile No. 2 (A12) PIN code/ZIP code (A18) E-mail Address-1 (self) (A19) Filed u/s (Tick)[Please see instruction] (a) (bi) Or Filed in response to notice u/s a. Have E-mail Address-2 139(1)- On or Before due date, ☠139(4)- After due date, ☠139(5)- Revised Return, 92CD-Modified return, ■119(2)(b)- after condonation of delay 142(1), 148, 153C 139(9) you ever opted for new tax regime u/s 115BAC in earlier years ☠Yes ☠No ( If Yes is selected, please furnish the AY in which said option is exercised along with date of filing and Acknowledgement number of form 10-IE) b. Have you ever opted out of section 115BAC in earlier years? ☠Yes ☠No ( If Yes is selected, please furnish the AY in which said option is opted out along with date of filing and Acknowledgement number of form 10-IE)c. Option for current assessment year ■Opting in now ☠Not opting ☠Continue to opt ☠Opt out ☠Not eligible to opt in (Select “Opti....
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....ng in now†only if you are opting in first time) For other than Not opting, Continue to opt & Not eligible to opt in, please Date of filing of form 10IE furnish DD/MM/YYYY Acknowledgement number: Are you filing return of income under seventh proviso to Section 139(1) but otherwise not required to furnish return of| income? (Tick) â˜â˜ Yes â˜â˜ No (c) If yes, please furnish following information [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)] 259 THE GAZETTE OF INDIA: EXTRAORDINARY (ci) Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more current account during the previous year? (Yes/No) (cii) (ciii) (civ) Amount (Rs) (If Yes) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any Amount (Rs) (If Yes) other person? (Yes/No) Have you incurred expenditure of amount or aggregate of amount exceeding Amount (Rs) (If Yes) Rs. 1 lakh on consumptio....
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....n of electricity during the previous year? (Yes/No) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso to section 139(1) (If yes, please select the relevant condition from the drop-down menu) (Tick) Yes ☠No (d) If revised/Defective/Modified, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) (e) (f) [PART II-SEC. 3(i)] (unique If filed, in response to a notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b), enter Unique Number/Document Identification Number and date of such notice/order, or if filed number) u/s 92CD enter date of advance pricing agreement Residential A. Resident Status in India (for individuals) (Tick applicable option) B. Resident but Ordinarily Resident not You were in India for 182 days or more during the previous year [section 6(1)(a)] You were in India for 60 days or more during the previous year, and have been in India for 365 days or more within the 4 preceding years [section (6)(1)(c)] [where Explanation 1 is not applicable] You are a citizen of India, who left India, for the purpose of employment, as a member of the crew of an Indian ship and ....
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....were in India for 182 days or more during the previous year and 365 days or more within the preceding 4 years [Explanation 1(a) of section (6)(1)(c)] You are a citizen of India or a person of Indian origin and have come on a visit to India during the previous year and were in India for a) 182 days or more during the previous year and 365 days or more within the preceding 4 years; or b) 120 days or more during the previous year and 365 days or more within the preceding 4 years if the total income, other than income from foreign sources, exceeds Rs. 15 lakh. [Explanation 1(b) of section (6)(1)(c)] You have been a non-resident in India in 9 out of 10 preceding years [section 6(6)(a)] You have been in India for 729 days or less during the 7 preceding years [section 6(6)(a)] You are a citizen of India or person of Indian origin, who comes on a visit to India, having total income, other than the income from foreign sources, exceeding Rs. 15 lakh and have been in India for 120 days or more but less than 182 days during the previous year [section 6(6)(c)] C. Non-resident You are a citizen of India having total income, other than the income from foreign sources, exceeding Rs....
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..... 15 lakh during the previous year and not liable to tax in any other country or territory by reason of your domicile or residence or any other criteria of similar nature [section 6(6)(d) rws 6(1A)] You were a non-resident during the previous year. (i) Please specify the jurisdiction(s) of residence during the previous year - S.No. 1 2 Jurisdiction of residence Taxpayer Identification Number (ii) In case you are a Citizen of India or a Person of Indian Origin (POI), please specify - Total period of stay in India during the previous year Total period of stay in India during the 4 (in days) preceding years (in days) Residential Resident Resident but not Ordinarily Resident Non-resident Status in India (for HUF) (Tick applicable option) (g) Do you want to claim the benefit under section 115H? (applicable in case of resident) ☠Yes ☠No (h) Are you governed by Portuguese Civil Code as per section 5A? Tick) â–¾ ☠Yes No (If "YES" please fill Schedule 5A) AUDIT INFORMATION [à¤à¤¾à¤— II – खणà¥à¤¡ 3 (i)] (i) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : अà¤....
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....ाधारण 260 Whether this return is being filed by a representative assessee? (Tick) ▼ ☠Yes ☠No If yes, furnish following information - (1) Name of the representative assessee (2) Capacity of the Representative (drop down to be provided) (3) Address of the representative assessee (4) Permanent Account Number (PAN)/Aadhaar No. of the representative assessee Whether you were Director in a company at any time during the previous year? (Tick) Yes If yes, please furnish following information - ☠No Name of Company Туре of Company PAN Whether its shares are listed or unlisted Director Identification Number (DIN) (k) Whether you are Partner in a firm? (Tick) ▼ □ Yes No Name of Firm If yes, please furnish following information PAN (I) Whether you have held unlisted equity shares at any time during the previous year? (Tick) Yes If yes, please furnish following information in respect of equity shares ☠No Opening balance Shares acquired during the year Shares transferred during the year Closing balance Туре Name of of company Com PAN pany No. of Cost of No. of shares a....
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....cquisition shares Date subscription /purchase of Face value per share Issue price per share (in case of fresh Purchase price per share (in issue) case of purchase from existing shareholder) No. of shares Sale considera tion No. of Cost of share acquisitio S n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 (m) In case of non-resident, is there a permanent establishment (PE) in India? (Tick) ▼ ☠Yes ☠No (n) (0) In the case of non-resident, is there a Significant Economic Presence (SEP) in India (Tick) o Yes o No please provide details of (a) aggregate of payments arising from the transaction or transactions during the previous year as referred in Explanation 2A(a) to section 9(1)(i) (b) number of users in India as referred in Explanation 2A(b) to section 9(1)(i). Whether assessee has a unit in an International Financial Services Centre and derives income solely in convertible foreign exchange? Yes ☠No (p) Whether you are an FII / FPI? Yes/No If yes, please provide SEBI Regn. No (Tick) ☑ ☠Yes ☠No (a1) Are you liable to maintain accounts as per section 44AA? (a2) Whether assessee is declaring income o....
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....nly under section 44AE/44B/44BB/44AD/44ADA/44BBA ■Yes a2i ☠No If No, whether during the year Total sales/turnover/gross receipts of business is between Rs. 1 crore and Rs. 10crores? □ Yes ☠No, turnover does not exceed 1 crore ☠No, turnover exceeds 10 crores If Yes is selected at a2i, whether aggregate of all amounts received including amount received for sales, turnover or gross receipt a2ii s or on capital account like capital contributions, loans etc. during the previous year, in cash & non-a/c payee cheque/DD, does not exceed five per cent of said amount? ☠Yes ☠No If Yes is selected at a2i, whether aggregate of all payments made including amount incurred for expenditure or on capital a2iii account such as asset acquisition, repayment of loans etc., in cash and non-a/c payee cheque/DD during the previous year does not exceed five per cent of the said payment? ☠Yes ☠No (b) Are you liable for audit under section 44AB? (Tick) ✓ ☠Yes ☠No (c) If (b) is Yes, whether the accounts have been audited by an accountant? (Tick) ☑ If Yes, furnish the following information below Yes No (1) Date o....
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....f furnishing of the audit report (DD/MM/YYYY) (2) Name of the auditor signing the tax audit report SOURCES OF FUNDS 261 (3) (4) Name of the auditor (proprietorship/firm) (5) (6) THE GAZETTE OF INDIA: EXTRAORDINARY Membership No. of the auditor Proprietorship/firm registration number Permanent Account Number (PAN)/Aadhaar No. of the proprietorship/ firm (7) Date of report of the audit (di) Are you liable for Audit u/s 92E? ☠Yes ☠No [PART II-SEC. 3(i)] (dii) If (di) is Yes, Whether the accounts have been audited u/s 92E? Yes ☠No Date of furnishing the audit report? DD/MM/YY (diii) If liable to furnish other audit report, mention whether have you furnished such report. If yes, please provide the details as under: (Please see Instruction) Sl. No. Section Code Date (DD/MM/YYYY) (e) If liable to audit under any Act other than the Income-tax act, mention the Act, section and date of furnishing the audit report? Act and section Act and section (DD/MM/YY) (DD/MM/YY) NATURE BUSINESS OF NATURE OF BUSINESS OR PROFESSION, IF MORE THAN ONE BUSINESS OR PROFESSION INDICATE THE THREE MAIN ACTIVITIES/ PRODUCTS (OTHER THAN THOSE DECLARING INCOM....
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....E UNDER SECTIONS 44AD, 44ADA AND 44AE) Code S.No. [Please see instruction] (i) (ii) Trade name of the proprietorship, if any Description (iii) Part A-BS BALANCE SHEET AS ON 31ST DAY OF MARCH, 2023 OF THE PROPRIETORY BUSINESS OR PROFESSION (fill items below in a case where regular books of accounts are maintained, otherwise fill item 6) 1 Proprietor's fund a Proprietor's capital a b Reserves and Surplus i Revaluation Reserve bi ii Capital Reserve bii iii Statutory Reserve biii iv Any other Reserve biv V Total (bi + bii + biii + biv) by C Total proprietor's fund (a+bv) 1c 2 Loan funds a Secured loans Foreign Currency Loans ai ii Rupee Loans A From Banks iiA B From others iiB C Total ( iiA+ iiB) iiC [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] b iii Total (ai + iiC) Unsecured loans (including deposits) APPLICATION OF FUNDS From Banks lii From others iii Total (bi + bii) C Total Loan Funds (aiii + biii) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण aiii bi bii biii 2c 3 3 Deferred tax liability From persons specified i....
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....n section 40A(2)(b) of the I. Ti 4 Advances Ꭵ Act lii From others iii Total Advances (i + ii) 5 Sources of funds (1c + 2c+3+4iii) 1 Fixed assets b a Gross: Block Depreciation C Net Block (a - b) d Capital work-in-progress e Total (1c+1d) ii 4iii 5 la 1b 1c 1d le 2 Investments a Long-term investments Government and other Securities - Quoted ai lii iii b Government and other Securities - Unquoted aii Total (ai + aii) aiii Short-term investments Equity Shares, including share application moneybi lii Preference Shares liii Debentures liv Total (bi + bii + biii) Total investments (aiii + biv) Current assets, loans and advances a Current assets Inventories i A material Stores/consumables bii biii biy including packingiA B Raw materials C Stock-in-process D Finished Goods/Traded Goods E Total (iA+iB + iC + iD) ii Sundry Debtors liii Cash and Bank Balances A Cash-in-hand 2c iB iC iD iE aii iiiA 262 NO ACCOUNT CASE 263 THE GAZETTE OF INDIA: EXTRAORDINARY B Balance with banks C Total (iiiA+ iiiB) liv Other Current Assets lv Total current assets (iE + aii + iiiC + aiv) b Loans and advances li Advance....
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....s recoverable in cash or in kind or forbi value to be received lii Deposits, loans and advances to corporates andbii others iii Balance with Revenue Authorities liv Total (bi + bii + biii) C d Total of current assets, loans and advances (av + biv) Current liabilities and provisions Current liabilities A Sundry Creditors B Liability for Leased Assets iiiB iiiC aiv lav biii biv Ð’Ñ iA iB C Interest Accrued on above iC D Interest accrued but not due on loans iD E Total (iA+iB+ iC + iD) iE lii Provisions A Provision for Income-tax iiA B Provision for Leave encashmentiiB Superannuation/ Gratuity C Other Provisions iiC D Total (iiA+iiB+ iiC) iiD iii Total (iE+iiD) diii e Net current assets (3c - diii) 3e 4 a Miscellaneous expenditure not written off or adjusted 4a b Deferred tax asset 4b C Profit and loss account/ Accumulated balance 4c d Total (4a4b+4c) 4d 5 Total, application of funds (le + 2c+3e +4d) 5 16 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, 2023, in respect of business or profession) a Amount of total su....
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....ndry debtors b Amount of total sundry creditors C Amount of total stock-in-trade d Amount of the cash balance 6a 6b Ð¾Ñ 6d [PART II-SEC. 3(i)] Part A-Manufacturing Manufacturing Account for the financial year 2022-23 (fill items 1 to 3 in a case where regular books of accounts are maintained, otherwise fill items 61 to 65 as applicable) Account 1 Debits to manufacturing account Opening Inventory A li Opening stock of raw-material ii Opening stock of Work in progress I lii CREDITS TO TRADING ACCOUNT [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण iii Total (i + ii) B Purchases (net of refunds and duty or tax, if any) C Direct wages D Direct expenses (Di + Dii + Diii) i Carriage inward ii Power and fuel iii Other direct expenses ii iii Aiii B C D E Factory Overheads I Indirect wages lii Factory rent and rates ii iii Factory Insurance iii iv Factory fuel and power iv V Factory general expenses V vi Depreciation of factory machinery vi vii Total (i+ii + iii + iv + v + vi) Evii....
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.... F Total of Debits to Manufacturing Account ( Aiii + B + C + D + Evii) 1F 2 Closing Stock i Raw material ii Work-in-progress 2i 2ii Total (2i+2ii) 3 Cost of Goods Produced – transferred to Trading Account (1F - 2) 2 3 Part A-Trading Trading Account for the financial year 2022-23 (fill items 4 to 12 in a case where regular books of accounts are maintained, otherwise fill items 61 to 65 as applicable) Account 4 Revenue from operations A Sales/ Gross receipts of business (net of returns and refunds and duty or tax, if any) i Sale of goods lii Sale of services lii iii Other operating revenues (specify nature and amount) a iiia b iiib C Total (iiia + iiib) iiic iv Total (i+ii+iiic) B Gross receipts from Profession C Duties, taxes and cess received or receivable in respect of goods and services sold or supplied li Union Excise duties i ii Service tax ii iii VAT/Sales tax iii liv Central Goods and Service Tax (CGST) liv V State Goods and Services Tax (SGST) V vi Integrated Goods and Services Tax (IGST) vi vii Union Territory Goods and Services Tax (UTGST) vii viii Any other duty, tax and cess viii Aiv B 264 DEBITS T....
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....O TRADING ACCOUNT 265 THE GAZETTE OF INDIA: EXTRAORDINARY ix Total (i + ii + iii + iv +v+ vi + vii + viii) D Total Revenue from operations (Aiv + B +Cix) 5 Closing Stock of Finished Goods 6 Total of credits to Trading Account (4D + 5) 7 Opening Stock of Finished Goods 8 Purchases (net of refunds and duty or tax, if any) 19 Direct Expenses (9i + 9ii + 9iii) li Carriage inward ii Power and fuel Other direct expenses iii 10 Cix 4D 5 6 17 8 19 9i 9ii Note: Row can be added as per the nature of Directiii Expenses Duties and taxes, paid or payable, in respect of goods and services purchased Custom duty ii Counter veiling duty 10i 10ii iii Special additional duty 10iii iv Union excise duty 10iv V Service tax 10v vi VAT/ Sales tax 10vi vii Central Goods and Service Tax (CGST) 10vii viii State Goods and Services Tax (SGST) 10viii ix Integrated Goods and Services Tax (IGST) 10ix ✗ Union Territory Goods and Services Tax (UTGST) 10x xi Any other tax, paid or payable 10xi xii Total (10i + 10ii + 10iii + 10iv + 10v + 10vi + 10vii + 10viii + 10ix + 10x + 10xi) 10xii 11 Cost of goods produced - Transferred from Manufacturing A....
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....ccount 11 Gross Profit from Business/Profession - transferred to Profit and Loss account (6-7-8-9-10xii- 12 12 11) 12a Turnover from Intraday Trading 12b Income from Intraday Trading - transferred to Profit and Loss account 12a 12b [PART II SEC. 3(i)] Part A- P and Profit and Loss Account for the financial year 2022-23 (fill items 13 to 60 in a case where regular books of accounts are L maintained, otherwise fill items 61 to 65 as applicable) 13 Gross profit transferred from Trading Account (12+12b) 14 CREDITS TO PROFIT AND LOSS ACCOUNT ii Other income Rent Commission iii Dividend income iv Interest income li lii iii iv V Profit on sale of fixed assets V vi Profit on sale of investment being securities chargeable to Securities Transaction Tax (STT) vi vii Profit on sale of other investment vii viii lix Gain (loss) on account of foreign exchange fluctuation u/s 43AA Profit on conversion of inventory into capital asset u/s 28(via) (Fair Market Value of inventory as on the date of conversion) viii ix 13 DEBITS TO PROFIT AND LOSS ACCOUNT [à¤à¤¾à¤— II —–खणà¥à¤¡ 3 (i)] ☑ Agricultural incom....
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....e xi Any other income (specify nature and amount) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण ☑ a xia b xib C Total (xia + xib) xic xii Total of other income (i + ii + iii + iv + v + vi + vii + viii + ix + x + xic) 15 Total of credits to profit and loss account (13+14xii) 16 Freight outward 17 Consumption of stores and spare parts 18 Power and fuel 19 Rents 20 Repairs to building 21 Repairs to machinery 22 Compensation to employees 14xii 15 16 17 18 19 20 21 Salaries and wages 22i ii Bonus 22ii iii Reimbursement of medical expenses 22iii iv Leave encashment 22iv V Leave travel benefits 22v vi Contribution to approved superannuation fund 22vi vii Contribution to recognised provident fund 22vii viii Contribution to recognised gratuity fund 22viii ix Contribution to any other fund 22ix ☑ Any other benefit to employees in respect of which an expenditure. has been incurred 22x xi Total compensation to employees (total of 22i to 22x) 22xi xii Whether any compensation, included in 22xi, paid to non-residents xiia Yes/No If ....
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....Yes, amount paid to non-residents xiib 23 Insurance i Medical Insurance 23i ii Life Insurance 23ii iii Keyman's Insurance 23iii iv Other Insurance including factory, office, car, goods, etc. 23iv lv Total expenditure on insurance (23i + 23ii + 23iii + 23iv) 23v 24 Workmen and staff welfare expenses 24 Entertainment 25 26 Hospitality 27 Conference 28 Sales promotion including publicity (other than advertisement) 29 Advertisement 30 Commission li Paid outside India, or paid in India to a non-resident other than a. company or a foreign company ii To others ii liii Total (i + ii) 30iii 25 26 27 28 29 266 267 THE GAZETTE OF INDIA: EXTRAORDINARY Paid outside India, or paid in India to a non-resident other than a. company or a foreign company 31 Royalty i ii To others iii Total (i + ii) 32 Professional/Consultancy fees / Fee for technical services Paid outside India, or paid in India to a non-resident other than a. company or a foreign company [PART II SEC. 3(i)] ii 31iii lii To others iii Total (i + ii) 33 Hotel, boarding and Lodging ii 32iii 33 34 Traveling expenses other than on foreign traveling 34 35 Forei....
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....gn travelling expenses 35 36 Conveyance expenses 36 37 Telephone expenses 37 38 Guest House expenses 38 39 Club expenses 39 40 Festival celebration expenses 40 41 Scholarship 41 42 Gift 42 43 Donation 43 44 Rates and taxes, paid or payable to Government or any local body (excluding taxes on income) li Union excise duty 44i ii Service tax 44ii iii VAT/Sales tax 44iii iv Cess 44iv V Central Goods and Service Tax (CGST) 44v vi State Goods and Services Tax (SGST) 44vi vii Integrated Goods and Services Tax (IGST) 44vii viii Union Territory Goods and Services Tax (UTGST) 44viii ix Any other rate, tax, duty or cess incl STT and CTT 44ix ☑ Total rates and taxes paid or payable (44i + 44ii +44iii +44iv + 44v + 44vi + 44vii + 44viii +44ix) 44x 45 Audit fee 45 46 Other expenses (specify nature and amount) 1 ii lii iii Total (i + ii) 46iii 47 Bad debts (specify PAN/Aadhaar No. of the person, if available, for whom Bad Debt for amount of Rs. 1 lakh or more is claimed and amount) il 47 12 13 47 47 13 Rows can be added as required Total 47i (47i1+47i2+47i3) PRESUMPTIVE INCOME CASES [à¤à¤¾à¤— II â....
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....€“ खणà¥à¤¡ 3 (i)] ii à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Others (more than Rs. 1 lakh) where PAN/Aadhaar No. is not available (provide name and complete 47ii address) liii Others (amounts less than Rs. 1 lakh) 47iii iv Total Bad Debt (47i + 47ii + 47iii) 47iv 48 Provision for bad and doubtful debts 48 49 Other provisions 49 50 Profit before interest, depreciation and taxes [15 - (16 to 21 + 22xi + 23v + 24 to 29 + 30iii + 31iii + 32iii + 33 to 43 +44x+45 + 46iii + 47 iv +48 +49)] 50 51 Interest Ꭵ Paid outside India, or paid in India to a non-resident other than a. company or a foreign company ii To others ii iii Total (i + ii) 51iii 52 Depreciation and amortization 52 53 Net profit before taxes (50 - 51iii -52) 53 54 PROVISIONS PROVISION FOR TAX AND APPROPRIATIONS | | g| | | ?| | 56 60 55 57 58 Provision for current tax Provision for Deferred Tax Profit after tax (53-54-55) Balance brought forward from previous year Amount available for appropriation (56 +57) Transferred to reserves and surplus Balance carried t....
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....o balance sheet in proprietor's account (58-59) COMPUTATION OF PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD SR. Name of Business NO Business code 54 55 56 57 58 59 60 Description (i) Gross Turnover or Gross Receipts (ia + ib) 61i A Through a/c payee cheque or a/c payee bank draft or bank electronicia clearing system received or other prescribed electronic modes before specified date B Any other mode (ii) Presumptive Income under section 44AD (iia + iib) ib 61ii A 6% of 61ia, or the amount claimed to have been earned, whichever isiia higher B 8% of 61ib, or the amount claimed to have been earned, whichever isiib higher NOTE-If income is less than the above percentage of Gross Receipts/Turnover, it is mandatory to maintain books of accounts and have a tax audit under section 44AB COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA 62 SR. Name of Business NO (i) Gross Receipts Business code Description 62i (ii) Presumptive Income under section 44ADA (50% of 62i, or the amount claimed to have been earned 62ii whichever is higher) NOTE-If income is less than 50% of Gross Receipts, it is mandatory to maintain books of accounts ....
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....and have a tax audit under section 44AB 268 NO ACCOUNT CASE 269 63 THE GAZETTE OF INDIA: EXTRAORDINARY COMPUTATION OF PRESUMPTIVE INCOME FROM GOODS CARRIAGES UNDER SECTION 44AE SR. Name of Business Business code Description [PART II SEC. 3(i)] NO Registration Whether hired No. of goods owned/leased/ carriage Number of months for Presumptive income u/s 44AE for the of which goods carriagegoods carriage Tonnage capacity goods carriagewas (in MT) assessee owned/leased/hired by (Computed @ Rs.1000 per ton per month in case tonnage exceeds 12MT, or else @ Rs.7500 per month) or the amount claimed to have been actually earned, whichever is higher (i) (1) (a) (2) (3) (4) (5) (b) Add row options as necessary (At any time during the year the number of vehicles should not exceed 10 vehicles) Total (ii) Total presumptive income from goods carriage u/s 44AE [total of column (5) of table 63(i)] 63(ii) 64 NOTE- If the profits are lower than prescribed under S.44AE or the number of goods carriage owned/leased / hired at any time during the year exceeds 10, then, it is mandatory to maintain books of accounts and have a tax audit under section 44AB IF REGU....
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....LAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED, furnish the following information for previous year 2022-23 in respect of business or profession - (i) For assessee carrying on Business a Gross receipts (a1 + a2) да 1 Through a/c payee cheque or a/c payee bank draft or bank electronical clearing system received or other prescribed electronic modes before specified date 2 Any other mode b Gross profit C Expenses d Net profit (ii) For assessee carrying on Profession a2 ib ic 64i a Gross receipts (al + a2) iia 1 Through a/c payee cheque or a/c payee bank draft or bank electronical clearing system received or other prescribed electronic modes before specified date 2 Any other mode b Gross profit C Expenses d Net profit (iii) Total profit (64i + 64ii) 65 Turnover from speculative activity ii Gross Profit iii Expenditure, if any iv Net income from speculative activity (65ii-65iii) a2 liib iic 64ii 64iii 65i 65ii 65iii 65iv OTHER INFOR Part A-OI Other Information (mandatory if liable for audit under section 44AB; for others, fill if applicable) Method of accounting employed in the previous year (Tick) â˜....
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....‘ ☠mercantile ☠cash Is there any change in method of accounting (Tick) ☠Yes ☠No [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Increase in the profit or decrease in loss because of deviation, if any, as per Income 3a Computation Disclosure Standards notified under section 145(2) [column 11a(iii) of Schedule 3a ICDS] Decrease in the profit or increase in loss because of deviation, if any, as per Income 3b Computation Disclosure Standards notified under section 145(2) [column 11b(iii) of Schedule 3b ICDS] 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 C Finished goods (if at cost or market rates whichever is less write 1, if at cost write 2, if at market rate write 3) Is there any change in stock valuation method (Tick) ✓ ☠Yes ☠No d Increase in the profit or decrease in loss because of deviation, if any, from the method of valuation sp....
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....ecified under section 145A 4d e Decrease in the profit or increase in loss because of deviation, if any, from the method of valuation specified under section 145A 4e 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, or refund of GST, where such credits, 5b drawbacks or 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) 5f Amounts debited to the profit and loss account, to the extent disallowable under section 36 due to non-fulfilment of conditions specified in relevant clauses a Premium paid for insurance against risk of damage or destruction of stocks or store [36(1)(i)] ба b Premium paid for insurance on the health of employees [36(1)(ib)] 6b C Any sum paid to an employee as bonus or commission for services rendered, where such sum was otherwise p....
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....ayable 6c to him as profits or dividend [36(1)(ii)] d Any amount of interest paid in respect of borrowed capital [36(1)(iii)] 6d e Amount of discount on a zero-coupon bond [36(1)(iiia)] бе f Amount of contributions to a recognised provident fund [36(1)(iv)] 6f Amount of contributions to an approved superannuation fund [36(1)(iv)] 6g h Amount of contribution to a pension scheme referred to in section 80CCD [36(1)(iva)] 6h i Amount of contributions to an approved gratuity fund [36(1)(v)] 6i Amount of contributions to any other fund 6j k 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 6k employees to the extent not credited to the employees account on or before the due date [36(1)(va)] Amount of bad and doubtful debts [36(1)(vii)] 61 |m Provision for bad and doubtful debts [36(1)(viia)] 6m 270 271 19 THE GAZETTE OF INDIA: EXTRAORDINARY n Amount transferred to any special reserve [36(1)(viii)] 6n 0 Expenditure for the purposes of promoting family planning amongst employees [36(1)(ix)] 60 P q Amount of securities transa....
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....ction paid in respect of transaction in securities if such income is not included in 6p business income [36(1)(xv)] Marked to market loss or other expected loss as computed in accordance with the ICDS notified u/s 145(2) 6q [36(1)(xviii)] r Any other disallowance 6r S Total amount disallowable under section 36 (total of 6a to 6r) Amounts debited to the profit and loss account, to the extent disallowable under section 37 6s a Expenditure of capital nature [37(1)] 7a b Expenditure of personal nature [37(1)] 7b C Expenditure laid out or expended wholly and exclusively NOT for the purpose of business or profession [37(1)] 7c d Expenditure on advertisement in any souvenir, brochure, tract, pamphlet or the like, published by a political party 7d [37(2B)] e Expenditure by way of penalty or fine for violation of any law for the time being in force 7e f Any other penalty or fine 7f Expenditure incurred for any purpose which is an offence or which is prohibited by law 7g h Amount of any liability of a contingent nature 7h i Any other amount not allowable under section 37 7i Total amount disallowable under section 37 (total of 7a to 7i) 7j A Amount....
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....s debited to the profit and loss account, to the extent disallowable under section 40 a Amount disallowable under section 40 (a)(i), on account of non-compliance with the provisions of Chapter XVII-B Ðа b C Amount disallowable under section 40(a)(ia) on account of non-compliance with the provisions of Chapter XVII-B Amount disallowable under section 40(a)(ib), on account of non-compliance with the provisions of Chapter VIII of Ac the Finance Act, 2016 Ab d Amount disallowable under section 40(a)(iii) on account of non-compliance with the provisions of Chapter XVII-B Ad e Amount of tax or rate levied or assessed on the basis of profits [40(a)(ii)] Ae f Amount paid as wealth tax [40(a)(iia)] Af Amount paid by way of royalty, license fee, service fee etc. as per section 40(a)(iib) Ag h Amount of interest, salary, bonus, commission remuneration paid to any partner or or member Ah inadmissible under section [40(b)/40(ba)] li Any other disallowance Ai Total amount disallowable under section 40(total of Aa to Ai) 8Aj B Any amount disallowed under section 40 in any preceding previous year but allowable during the previous year 8B Amounts debit....
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....ed to the profit and loss account, to the extent disallowable under section 40A la Amounts paid to persons specified in section 40A(2)(b) 9a [PART II-SEC. 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 272 [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] d Amount paid otherwise than by account payee cheque or account payee bank draft or use of electronic clearing system 9b through a bank account or through such electronic mode as may be prescribed, disallowable under section 40A(3) Provision for payment of gratuity [40A(7)] Any sum paid by the assessee as an employer for setting up or 9c as contribution to any fund, trust, company, AOP, or BOI or 9d society or any other institution [40A(9)] Total amount disallowable under section 40A (total of 9a to 9e) e Any other disallowance f 10 9e 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 Any sum payable by way of contribution to any provident fund b C or superannuation fund or g....
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....ratuity fund or any other fund for 10b the welfare of employees Any sum payable to an employee as bonus or commission for services rendered 10c d Any sum payable as interest on any loan or borrowing from any public financial institution or a State financial corporation 10d or a State Industrial investment corporation Any sum payable as interest on any loan or borrowing from a deposit taking non-banking financial company or systemically important non-deposit taking non-banking financial company, 10d da in accordance with the terms and conditions of the agreement governing such loan or borrowing Any sum payable as interest on any loan or borrowing from any scheduled bank or a co-operative bank other than a 10e primary agricultural credit or a primary co-operative agricultural and rural development bank f Any sum payable towards leave encashment 10f g Any sum payable to the Indian Railways for the use of railway assets 10g h Total amount allowable under section 43B (total of 10a to 10g) |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 11....
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....a Any sum payable by way of contribution to any provident fund b or superannuation fund or gratuity fund or any other fund for 11b the welfare of employees C Any sum payable to an employee as bonus or commission for services rendered 11c d Any sum payable as interest on any loan or borrowing from any public financial institution or a State financial corporation 11d or a State Industrial investment corporation Any sum payable as interest on any loan or borrowing from a deposit taking non-banking financial company or systemically 11d da important non-deposit taking non-banking financial company, in accordance with the terms and conditions of the agreement governing such loan or borrowing a Any sum payable as interest on any loan or borrowing from any scheduled bank or a co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank 11e Any sum payable towards leave encashment 11f 9f 10h QUANTITATIVE DETAILS 273 THE GAZETTE OF INDIA: EXTRAORDINARY Any sum payable to the Indian Railways for the use of railway. 11g g assets h Total amount disallowable under Section 43B (total of 11a ....
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....to 11g) 11h 12 Amount of credit outstanding in the accounts in respect of a Union Excise Duty 12a b Service tax 12b C VAT/sales tax 12c d Central Goods and Service Tax (CGST) 12d e State Goods and Services Tax (SGST) 12e f Integrated Goods and Services Tax (IGST) 12f g Union Territory Goods and Services Tax (UTGST) 12g h Any other tax 12h i Total amount outstanding (total of 12a to 12h) 12i 13 Amounts deemed to be profits and gains under section 33AB or 33ABA 13 14 Any amount of profit chargeable to tax under section 41 14 15 Amount of income or expenditure of prior period credited or debited to the profit and loss, account (net) 15 16 Amount of expenditure disallowed u/s 14A 16 Whether assessee is exercising option under sub-section (2A) of section 92CE Tick) ☑ No ☠Yes ☠17 17 [If yes, please fill schedule TPSA] Part A-QD Quantitative details (mandatory if 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....
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.... materials a Opening stock 1 2 3 4 5 ба 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 6b 6c 6d 6e 6f 6g 6h h Shortage/ excess, if any Finished products/By-products la opening stock b purchase during the previous year 7a 7b c quantity manufactured during the previous year 7c d sales during the previous year 7d e closing stock 7e f shortage/ excess, if any 7f [PART II SEC. 3(i)] SALARIES [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण SCHEDULES TO THE RETURN FORM (FILL AS APPLICABLE) Details of Income from Salary Schedule S Name of Employer Address of employer Nature of employer (Tick) ☑ Drop down to be provided Town/City 1 Gross Salary (1a + 1b + 1c+1d+1e+1f) a Salary as per section 17(1) (drop down to be provided) la b Value of perquisites as per section 17(2) (drop down to be provided) 1b C Profit in lieu of salary as per section 17(3) (d....
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....rop down to be provided) 1c d Income from retirement benefit account maintained in a notified country u/s 89A 1d Income from retirement benefit account maintained in a. country 'other than notified country' u/s 89A le f Income taxable during the previous year on which relief u/s 89A was claimed in any earlier previous year 1f (Add multiple rows for Gross Salary in case of more than one employer) 2 Total Gross Salary (from all employers) 2a Income claimed for relief from taxation u/s 89A Less allowances to the extent exempt u/s 10 3 (drop-down to be provided in e-filing utility) (please refer instructions) (Note-Ensure that it is included in Total Gross salary in (2) above) State 4 Net Salary (2-2a-3) 5 4 a Deduction u/s 16 (5a + 5b+5c) Standard deduction u/s 16(ia) 5 5a b Entertainment allowance u/s 16(ii) 5b C Professional tax u/s 16(iii) 5c 6 Income chargeable under the Head 'Salaries' (4-5) 3 2 2a 274 TAN of Employer (mandatory if tax is deducted) Pin code/Zip code Schedule HP Details of Income from House Property (Please refer instructions) (Drop down to be provided indicating ownership of property) Address of property 1 Town/C....
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....ity State Country PIN Code/ Zip Code HOUSE PROPERTY Is the property co-owned? ☠Yes ☠No (if "YES" please enter following details) Your percentage of share in the property (%) Name of Co-owner(s) II PAN/Aadhaar No. of Co-owner (s) Percentage Share in Property credit is claimed) [Tick the applicable option] Name(s) o PAN/Aadhaar No. of Tenant(s) (Please seePAN/TAN/Aadhaar No. of Tenant(s) (if TDS ☠Let out Tenant(s) (if lenote) out) Self-occupied I Deemed let out II 275 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] a Gross rent received or receivable or lettable value la b The amount of rent which cannot be realized Ic Tax paid to local authorities 1b 1c d Total (1b+1c) 1d e Annual value (la - 1d) (nil, if self-occupied etc. as per section 23(2) of the Act) le f Annual value of the property owned (own percentage share x 1e) 1f g 30% of 1f Ig h Interest payable on borrowed capital 1h i Total (1g+ 1h) Arrears/Unrealised rent received during the year less 30% k Income from house property 1 (1f-li + 1j) Address of property 2 Town/City li 1j 1k State Country PIN Code/ Zip Code Is the property co-owned? ....
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....˜ Yes ☠No (if "YES" please enter following details) Your percentage of share in the property (%) Name of Co-owner(s) PAN/Aadhaar No. of Co-owner (s) Percentage Share in Property II [Tick ☑the applicable option] Name(s) ☠Let out Self-occupied ☠Deemed let out Tenant(s) o PAN/Aadhaar No. of Tenant(s) (if lesee note) out) (PleasePAN/TAN/Aadhaar No. of Tenant(s) (if TDS credit is claimed) II Gross rent received or receivable/lettable value 2a la (higher of the two, if let out for whole of the year, lower of the two, if let out for part of the year) b The amount of rent which cannot be realised 2b c Tax paid to local authorities 2c d Total (2b+2c) 2d le Annual value (2a - 2d) 2e If Annual value of the property owned (own percentage share x 2e) 2f g 30% of 2f 2g h Interest payable on borrowed capital 2h i Total (2g+2h) [ Arrears/Unrealised rent received during the year less 30% 3 Pass through income/Loss if any * k Income from house property 2 (2f-2i+2j) Income under the head "Income from house property" (1k+2k+3) 2i 2j 2k 3 4 (if negative take the figure to 2i of schedule CYLA) NOTE â–¶ Please inclu....
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....de the income of the specified persons referred to in Schedule SPI and Pass-through income referred to in schedule PTI while computing the income under this head NOTEâ–¸ Furnishing of PAN/Aadhaar No. of tenant is mandatory, if tax is deducted under section 194-IB. Furnishing of TAN of tenant is mandatory, if tax is deducted under section 194-1. Schedule BP N Computation of income from business or profession A From business or profession other than speculative business and specified business [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] 1 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Profit before tax as per profit and loss account (item 53, 61(ii), 62(ii), 63(ii), 64(iii) and 65(iv) of and L) Net profit or loss from speculative business included in 1 (enter -ve sign in case of loss) [Sl.no.12b of Trading account + Sl.no 65iv of Schedule P and L] 2a 2a 2b Net profit or Loss from Specified Business u/s 35AD included in 1 (enter-ve sign in case of loss) 2b a Salaries 3a b House property 3b c Capital gains 3c d Other sources 3d 3 Income/ receipts cr....
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....edited to profit and loss account considered under other heads of income or chargeable u/s 115BBF chargeable u/s 115BBG chargeable u/s 115BBH di Dividend income 3di other than Dividend dii or income 3 dii or le u/s 115BBF Be f u/s 115BBG 3f u/s 115BBH (net of Cost of Acquisition) 3g Profit or loss included in 1, which is referred to in section 4a 44AD/44ADA/44AE/44B/44BB/44BBA/44DA (drop down to be4a provided) Profit from activities covered under rule 7, 7A, 7B(1), 7B(1A) 4b and 8 (Dropdown to be provided and capture as individual line4b item) (Item No. A of Schedule VDA) 5 Income credited to Profit and Loss account (included in 1) which is exempt a Share of income from firm(s) 5a b Share of income from AOP/BOI 5b Any other exempt income (specify C nature and amount) ci ii cii iii Total (cicii) 5ciii d Total exempt income (5a +5b+5ciii) Balance (1-2a 2b - 3a - 3b - 3c - 3d - 3e - 3f -3g- 4a-4b-5d) P 1 5d 6 a Salaries 7a b Expenses debited to profit and loss account considered under other heads of income/related to income chargeable u/s 115BBF 115BBG or u/s 115BBH House property 7b Capital gains 7c or u/s d Other sources 7....
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....d le u/s 115BBF 7e f u/s 115BBG 7f 8a Expenses debited to profit and loss account which relate to。 exempt income 8a 8b Expenses debited to profit and loss account which relate to exempt income and disallowed u/s 14A (16 of Part A-OI) 19 Total (7a7b+ 7c+ 7d + 7e + 7f + 8a+8b) 19 8b 276 277 THE GAZETTE OF INDIA: EXTRAORDINARY 10 Adjusted profit or loss (6+9) 11 Depreciation and amortization debited to profit and loss account 12 Depreciation allowable under Income-tax Act Depreciation allowable under section 32(1)(ii) and 32(1)(iia) (item 6 of Schedule-DEP) 12i ii Depreciation allowable under section 32(1)(i) (Make your own computation refer Appendix-IA of 12ii IT Rules) iii Total (12i+12ii) 13 14 15 Profit or loss after adjustment for depreciation (10 +11 - 12iii) Amounts debited to the profit and loss account, to the extent disallowable under section 36 (6 s of PartA-OI) Amounts debited to the profit and loss account, to the extent disallowable under section 37 (7J of PartA-OI) 14 15 Amounts debited to the profit and loss account, to the 16 extent disallowable under section 40 (8Aj of PartA- 16 OI) Amounts debited to the profit an....
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....d loss account, to the 17 extent disallowable under section 40A (9F of PartA- 17 OI) Any amount debited to profit and loss account of the 18 previous year but disallowable under section 43B 18 (11h of PartA-OI) Interest disallowable under section 23 of the Micro, Small and Medium Enterprises Development 19 Act,2006 19 20 Deemed income under section 41 20 Deemed income under section 32AD/ 33AB/ 33ABA/ 21 21 35ABA /35ABB/40A(3A)/ 72A/80HHD/80-IA 22 Deemed income under section 43CA 22 23 Any other item of addition under sections 28 to 44DA 23 Any other income not included in profit and loss account/any other expense not allowable (including 24 income from salary, commission, bonus and interest 24 from firms in which individual/HUF/prop. concern is a partner) Increase in profit or decrease in loss on account of 25 ICDS adjustments and deviation in method of 25 valuation of stock (Column 3a + 4d of Part A - OI) 26 Total (14 + 15 + 16 + 17 + 18+ 19 +20 +21+22 +23+24+25) 27 Deduction allowable under section 32(1)(iii) 10 11 12iii 13 26 27 28 Amount of deduction under section 35 or 35CCC or 35CCD in excess of the amount debited to profit and loss ac....
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....count (item x(4) of Schedule ESR) (if amount deductible under section 35 or 35CCC or 35CCD is lower than amount debited to P&L account, it will go to item 24) 28 Any amount disallowed under section 40 in any 29 preceding previous year but allowable during the 29 previous year (8B of PartA-OI) Any amount disallowed under section 43B in any 30 preceding previous year but allowable during the 30 previous year (10 h of PartA-OI) [PART II SEC. 3(i)] [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] 31 Any other amount allowable as deduction à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 31 Decrease in profit or increase in loss on account of 32 ICDS adjustments and deviation in method of 32 valuation of stock (Column 3b + 4e of Part A- OI) 33 Total (27+28+29+30+31+32) 34 Income (13+26-33) 35 Profits and gains of business or profession deemed to be under- Section 44AD (61(ii) of schedule P&L) 35i ii Section 44ADA (62(ii) of schedule P&L) 35ii iii Section 44AE (63(ii) of schedule P&L) 35iii iv Section 44B 35iv lv Section 44BB 35v vi Section 44BBA 35vi vii Sec....
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....tion 44DA 35vii (item 4 of Form 3CE) viii Total (35i to 35vii) 33 34 35viii 36 Net profit or loss from business or profession other than speculative and specified business (34 + 36 35viii) Net Profit or loss from business or profession other than speculative business and specified 37 business after applying rule 7A, 7B or 8, if applicable (If rule 7A, 7B or 8 is not applicable, enter same A37 figure as in 36) (If loss take the figure to 2i of item E) (37a+ 37b+37c+37d + 37e +37f) a Income chargeable under rule 7 37a b Deemed income chargeable under rule 7A 37b C Deemed income chargeable under rule 7B(1) 37c d Deemed income chargeable under rule 7B(1A) 37d le Deemed income chargeable under rule 8 37e f Income other than rules 7A, 7B and 8 (Item No. 36) 37f 38 Balance of income deemed to be from agriculture, after applying rules 7, 7A, 7B(1), 7B(1A) and rule 8 for the purpose of aggregation of income as per Finance Act 38 [4b-(37a+37b+37c+37d+37e)] B Computation of income from speculative business 39 Net profit or loss from speculative business as per profit or loss account (Item No. 2a) 39 40 Additions in accordance with sections 28 to 44DA 40 41....
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.... Deductions in accordance with sections 28 to 44DA 41 42 Income from speculative business (39+ 40 - 41) (if loss, take the figure to 6xvi of schedule CFL) B42 C Computation of income from specified business under section 35AD 43 Net profit or loss from specified business as per profit or loss account 43 44 Additions in accordance with sections 28 to 44DA 44 45 Deductions in accordance with sections 28 to 44DA (other than deduction under section, (i) 35AD, (ii) 32 or 35 on which deduction u/s 35AD is claimed) 45 46 Profit or loss from specified business (43 + 44 -45) 46 47 Deductions in accordance with section 35AD(1) 47 48 Income from Specified Business (46-47) (if loss, take the figure to 7xvi of schedule CFL) C48 49 Relevant clause of sub-section (5) of section 35AD which covers the specified business (to be selected from drop C49 down menu) D D Income chargeable under the head ‘Profits and gains from business or profession' A37+B42+C48) 278 279 THE GAZETTE OF INDIA: EXTRAORDINARY E Intra head set off of business loss of current year [PART II SEC. 3(i)] Sl. Type of Business income Income of current year (Fill this column only Business loss ....
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....setBusiness income remaining if figure is zero or positive) after set off (1) off (2) |(3) = (1) - (2) Loss to be set off (Fill this row only (A37) if figure is negative) ii Income from speculative business (B42) liii Income from specified business (C48) liv Total loss set off (ii + iii) lv Loss remaining after set off (i - iv) NOTE Please include the income of the specified persons referred to in Schedule SPI while computing the income under this head DEPRECIATION ON PLANT AND MACHINERY Schedule DPM Depreciation on Plant and Machinery (Other than assets on which full capital expenditure is allowable as deduction under any other section) 1 Block of assets 2 Rate (%) 3 14 5 6 Written down value on the first day of previous year Additions for a period of 180 days or more in the previous year Consideration or other realisation during the previous year out of 3 or 4 Amount on which depreciation at full 7 8 rate to be allowed (3 + 4-5) (enter 0, if result is negative) Additions for a period of less than 180 days in the previous year Consideration or other realisations during the year out of 7 Amount on which depreciation at half rate to b....
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....e allowed (7-8) (enter 0, if result is negative) 10 Depreciation on 6 at full rate 11 12 13 Depreciation on 9 at half rate Additional depreciation, if any, on 4 Additional depreciation, if any, on 7 14 Additional depreciation relating to immediately preceding year on asset put to use for less than 180 days 15 16 Total depreciation (10+11+12+13+14) Depreciation disallowed under section 38(2) (out of column 15) 17 Net aggregate depreciation (15-16) 18 Proportionate aggregate depreciation 19 allowable in the event of succession amalgamation, demerger etc. (out of column 17) Expenditure incurred in connection with transfer of asset/ assets Plant and machinery 15 30 40 45 (i) (ii) (iii) (iv) [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] 20 21 Capital gains/loss under section 50 (5+8-3-4-7-19) (enter negative only i block ceases to exist) Written down value on the last day of previous year (6+ 9 -15) (enter 0 if result is negative) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 280 Schedule DOA Depreciation on other assets (Other than assets ....
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....on which full capital expenditure is allowable as deduction) 1 Block of assets Land Building (not including land) Furniture fittings andIntangible assets Ships 2 Rate (%) Nil 15 10 40 10 25 20 (i) (ii) (iii) (iv) (v) (vi) (vii) 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 16 7 8 19 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) Additions for a period of less than 180 days in the previous year Consideration or other realizations during the year out of 7 Amount on which depreciation at half rate to be allowed (7-8) (enter 0, if result is negative) 10 Depreciation on 6 at full rate Depreciation on 9 at half rate 11 12 Total depreciation (10+11) 13 | DEPRECIATION ON OTHER ASSETS 14 Depreciation disallowed under section 38(2) (out of column 12) Net aggregate depreciation (12-13) 15 Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger etc. (out of column 14) 16 Expenditure incurre....
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....d in connection with transfer of asset/ assets 17 Capital gains/loss under section 50 18 (5+8-3-4-7-16) (enter negative only if block ceases to exist) Written down value on the last day of previous year (6+ 9 -12) (enter 0 if result is negative) Summary of depreciation on assets (Other than assets on which full capital expenditure is allowable as deduction under any other section) Schedule DEP Plant and machinery SUMMARY OF a Block entitled for depreciation @ 15 per cent (Schedule DPM -17i or 18i as applicable) la 281 lb THE GAZETTE OF INDIA: EXTRAORDINARY Block entitled for depreciation @ 30 per cent (Schedule DPM - 17ii or 18ii as applicable) Block entitled for depreciation @ 40 per cent (Schedule DPM - 17iii or 18iii as applicable) Block entitled for depreciation @ 45 per cent (Schedule DPM - 17iv or 18iv as applicable) 1b 1c 1d e Total depreciation on plant and machinery (1a + 1b + 1c+1d) 12 Building (not including land) a Block entitled for depreciation @ 5 per cent 2a (Schedule DOA- 14ii or 15ii as applicable) B Block entitled for depreciation @ 10 per cent 2b (Schedule DOA- 14iii or 15iii as applicable) C Block entitled for depreciat....
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....ion @ 40 per cent 2c (Schedule DOA- 14iv or 15iv as applicable) d Total depreciation on building (total of 2a + 2b + 2c) 3 Furniture and fittings (Schedule DOA- 14v or 15v as applicable) 4 Intangible assets (Schedule DOA- 14vi or 15vi as applicable) 5 Ships (Schedule DOA- 14vii or 15vii as applicable) 6 Total depreciation (1e+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 - 20i) la b Block entitled for depreciation @ 30 per cent (Schedule DPM - 20ii) 1b Block entitled for depreciation @ 40 per cent 1c (Schedule DPM - 20iii) Block entitled for depreciation @ 45 per cent 1d (Schedule DPM - 20iv) e Total (la +1b + 1c+1d) Building (not including land) le 2d 3 4 5 6 le [PART II-SEC. 3(i)] a Block entitled for depreciation @ 5 per cent (Schedule DOA- 17ii) 2a b Block entitled for depreciation @ 10 per cent (Schedule DOA- 17iii) 2b Block entitled for depreciation @ 40 per cent 2c DEEMED CAPITAL GAINS (Schedule DOA- 17iv) d Total (2a + 2b + 2c) 3 Furniture and fittings (Schedule DOA- 17v) 4 Intangible assets (Schedule DOA- 17vi) 1....
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....5 Ships (Schedule DOA- 17vii) 16 Total (le+2d+3+4+5) 2d 3 4 5 16 Schedule ESR Sl No Expenditure of the nature Amount, if any, debited to profit Amount of deduction allowable Expenditure on Scientific Research etc. (Deduction under section 35 or 35CCC or 35CCD) Amount of deduction in excess of the Short-term Capital Gains 2 [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] referred to in section and loss account (1) (2) i 35(1)(i) ii 35(1)(ii) iii 35(1)(iia) iv 35(1)(iii) V 35(1)(iv) vi 35(2AA) vii 35(2AB) viii 35CCC ix 35CCD ☑ Total à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 282 (3) amount debited to profit and loss account |(4) = (3) - (2) NOTE Schedule CG A In case any deduction is claimed under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA), please provide the details as per Schedule RA. Capital Gains Short-term Capital Gains (STCG) (Sub-items 4 and 5 are not applicable for residents) 1 From sale of land or building or both (fill up details separately for each property) Date acquisition of purchase/ DD/MM/YYYY ....
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....Date of sale/transfer DD/MM/YYYY a i Full value of consideration received/receivable ai ii Value of property as per stamp valuation authority aii iii Full value of consideration adopted as per section 50C for the purpose of Capital Gains () [in case (aii) does not exceed 1.10 times (ai), takeaiii this figure as (ai), or else take (aii)] Deductions under section 48 Cost of acquisition without indexation bi ii Cost of Improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (bi+bii + biii) biv C Balance (aiii-biv) 1c d le Deduction under section 54B/54D/ 54G/54GA (Specify details in item D below) 1d Short-term Capital Gains on Immovable property (1c - 1d) Ale f In case of transfer of immovable property, please furnish the following details (see note) Address of S.No. Name of buyer(s) PAN/Aadhaar No. of buyer(s) Percentage share Amount property, Country code, Zip code Pin code State Furnishing of PAN/Aadhaar No. is mandatory, if the tax is deduced under section 194-IA or is quoted by NOTE buyer in the documents. In case of more than one buyer, please indicate the respective perc....
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....entage share and amount. From slump sale a i Fair market value as per rule 11UAE(2) 2ai ii Fair market value as per rule 11UAE(3) 2aii iii Full value of consideration (higher of ai or aii) 2aii lb Net worth of the undertaking or division 2b (6(e) of Form 3CEA) 283 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] c Short-term capital gains from slump sale (2aiii-2b) A2c 3 From sale of equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT is paid under section 111A or 115AD(1)(ii) proviso (for FII) a Full value of consideration За lb Deductions under section 48 li Cost of acquisition without indexation bi ii Cost of Improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (bi + bii +biii) biv C Balance (3a-3biv) Ð’Ñ d Loss to be disallowed u/s 94(7) or 94(8)- for example if asset bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, then loss arising out of sale of such asset to be ignored (Enter positive value only) 3d e Short-term capital gain on equity share or equi....
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....ty oriented MF (STT paid) (3c +3d) A3e For NON-RESIDENT, not being an FII- from sale of shares or debentures of an Indian company (to be computed with foreign exchange adjustment under first proviso to section 48) a STCG on transactions on which securities transaction tax (STT) is paid A4a b STCG on transactions on which securities transaction tax (STT) is not paid A4b 5 For NON-RESIDENTS- from sale of securities (other than those at A3 above) by an FII as per section 115AD a i In case securities sold include shares of a company other than quoted shares, enter the following details a Full value of consideration received/receivable in respect of ia unquoted shares b Fair market value of unquoted shares determined in the ib prescribed manner lii c Full value of consideration in respect of unquoted shares ic adopted as per section 50CA for the purpose of Capital Gains (higher of a or b) Full value of consideration in respect of securities other than ii unquoted shares iii Total (ic+ ii) Deductions under section 48 i Cost of acquisition without indexation ii Cost of improvement without indexation aiii bi bii iii Expenditure wholly and exclusively in c....
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....onnection with transfer biii iv Total (bi+bii + biii) biv Balance (5aiii-biv) 5c d Loss to be disallowed u/s 94(7) or 94(8)- for example if security bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, then loss arising out of sale of such security to be ignored (Enter positive value only) 5d e Short-term capital gain on sale of securities (other than those at A3 above) by an FII (5c +5d) A5e 16 From sale of assets other than at A1 or A2 or A3 or A4 or A5 above a In case assets sold include shares of a company other than quoted shares, enter the following details a Full value of consideration received/receivable in respect of unquoted shares b Fair market value of unquoted shares determined in the prescribed manner [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] lii C à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Full value of consideration in respect of unquoted shares ic adopted as per section 50CA for the purpose of Capital Gains (higher of a or b) Full value of consideration in respect of assets other tha....
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....n unquoted shares iii Total (ic + ii) Deductions under section 48 aiii d li Cost of acquisition without indexation bi ii Cost of Improvement without indexation bii liii Expenditure wholly and exclusively in connection with transfer biii biv 6c iv Total (bi + bii + biii) Balance (6aiii- biv) In case of asset (security/unit) loss to be disallowed u/s 94(7) or 94(8)- for example if asset bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, then loss arising out of sale of such asset to be ignored (Enter positive value only) 6d le Deemed short-term capital gains on depreciable assets (6 of schedule- DCG) 6e f Deduction under section 54D/54G/54GA 6f g STCG on assets other than at A1 or A2 or A3 or A4 or A5 above (6c+ 6d + 6e -6f) 7 Amount deemed to be Short-term capital gains a Whether any amount of unutilised capital gain on asset transferred during the previous years shown below was deposited in the Capital Gains Accounts Scheme within due date for that year? ☠Yes ☠No ☠Not applicable. If yes, then provide the details below SI. assetdeduction claimed in- that year Previous year in ....
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....Section under which New asset acquired/constructed which transferred Amount not used for -new asset or Year in which asset Amount utilised out of remained unutilised in Capital acquired/constructed Capital Gains account gains account (X) A6g 2019-20 54D/54G/54GA ii 2020-21 54B b Amount deemed to be short-term capital gains u/s 54B/54D/54G/54GA, other than at 'a' Total amount deemed to be Short-term capital gains (Xi + Xii + b) A7 8 Pass Through Income/Loss in the nature of short-Term Capital Gain, (Fill up schedule PTI) (A8a+ A8b + A8c) A8 a Pass Through Income/Loss in the nature of Short-Term Capital Gain, chargeable @ 15% A8a lb Pass Through Income/Loss in the nature of Short-Term Capital Gain, chargeable @ 30% A8b C Pass Through Income/Loss in the nature of Short-Term Capital Gain, chargeable at applicable rates A8c 19 Item No. A1 Sl. Amount ofto A8 above in Country name and No. income which included Article DTAA Code Amount of STCG included in A1-A8 but not chargeable to tax or chargeable at special rates as per DTAA Applicable rate of Rate as per lower of (6) or I.T. Act Rate as per Whether TRC of Treaty obtained (enter NI....
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....L, if (Y/N) not chargeable) Section I.T. Act (9)] (1) (2) I (3) (4) (5) (6) (7) (8) (9) (10) II a Total amount of STCG not chargeable to tax as per DTAA b Total amount of STCG chargeable to tax at special rates as per DTAA A9a A9b 10 Total Short-term Capital Gain (Ale+ A2c+ A3e+ A4a+ A4b+ A5e+ A6g+A7+A8 - A9a) A10 284 285 Long-term Capital Gains THE GAZETTE OF INDIA: EXTRAORDINARY B Long-term capital gain (LTCG) (Sub-items, 6, 7, 8 and 9 are not applicable for residents) 1 From sale of land or building or both (fill up details separately for each property) of Date acquisition purchase/ DD/MM/YYYY Date of sale/transfer a i Full value of consideration received/receivable ai ii Value of property as per stamp valuation authority aii iii Full value of consideration adopted as per section 50C for the purpose of Capital Gains [in case (aii) does not exceed 1.10 times aiii (ai), take this figure as (ai), or else take (aii)] b Deductions under section 48 DD/MM/YYYY li Cost of acquisition bi iia Cost of acquisition with indexation biia iib Total cost of improvement with indexation biib (a) Cost of improvement (b) Year of improvement....
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.... (c) Cost of Improvement with indexation Add row iii Expenditure wholly and exclusively in connection with transfer biii iv Total (biia+biib+ biii) biv C Balance (aiii- biv) 1c Deduction under section 54/54B/54D/54EC/54F/54G/54GA/54GB d 1d (Specify details in item D below) le Long-term Capital Gains on Immovable property (1c - 1d) If In case of transfer of immovable property, please furnish the following details (see note) PAN/Aadhaar No. S.No. Name of buyer(s) Percentage share Amount of buyer(s) Address of property pin Country code, Zip- code code and state Furnishing of PAN/Aadhaar No. is mandatory, if the tax is deduced under section 194-IA or is quoted by NOTE buyer in the documents. In case of more than one buyer, please indicate the respective percentage share and amount. 2 From slump sale Fair market value as per Rule 11UAE(2) 2ai a ii Fair market value as per Rule 11UAE(3) 2aii iii Full value of consideration (higher of ai or aii) 2aii lb Net worth of the undertaking or division 2b (6(e) of Form 3CEA) C Balance (2aiii – 2b) 2c d Deduction u/s 54EC /54F (Specify details in item D below) 2d Long-term capital gains from s....
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....lump sale (2c-2d) le From sale of bonds or debenture (other than capital indexed bonds issued by Government) Full value of consideration a b 3a Deductions under section 48 Cost of acquisition without indexation bi ii Cost of improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer iv Total (bi+bii+biii) biii biv C Balance (3a-biv) Ð’Ñ Deduction under section 54F (Specify details in item D below) 3d Ble B2e [PART II SEC. 3(i)] [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] e 4 LTCG on bonds or debenture (3c - 3d) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण From sale of, (i) listed securities (other than a unit) or zero-coupon bonds where proviso under section 112(1) is applicable (ii) GDR of an Indian company referred in sec. 115ACA a Full value of consideration 4a b Deductions under section 48 i Cost of acquisition without indexation bi ii Cost of improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (bi+bii +biii) biv C B....
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....alance (4a- biv) 4c d Deduction under section 54F (Specify details in item D below) 4d e Long-term Capital Gains on assets at B4 above (4c-4d) 5 From sale of equity share in a company or unit of equity-oriented fund or unit of a business trust on which STT is paid under section 112A B3e B4e a LTCG u/s 112A (column 14 of Schedule 112A) b Deduction under sections 54F (Specify details in item D below) 5a 5b C Long-term Capital Gains on sale of capital assets at B5 above (5a-5b) B5c 6 For NON-RESIDENTS- from sale of shares or debenture of Indian company (to be computed with foreign exchange adjustment under first proviso to section 48) a LTCG computed without indexation benefit 6a b Deduction under sections /54F (Specify details in item D below) 6b c LTCG on share or debenture (6a-6b) 6c 8 For NON-RESIDENTS- from sale of, (i) unlisted securities as per section 112(1)(c), (ii) bonds or GDR as referred in sec. 115AC, (iii) securities by FII as referred to in section 115AD (other than securities referred to in section 112A for which column B8 is to be filled up) In case securities sold include shares of a company other than quoted|| shares, enter the f....
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....ollowing details a Full value of consideration received/receivable in respect ofia unquoted shares b Fair market value of unquoted shares determined in theib prescribed manner ii C Full value of consideration in respect of unquoted shares adopted as per section 50CA for the purpose of Capital Gainsic (higher of a or b) Full value of consideration in respect of securities other thanaji unquoted shares iii Total (ic + ii) aiii B Deductions under section 48 Cost of acquisition without indexation bi ii Cost of improvement without indexation bii iii Expenditure wholly and exclusively in connection with transfer biii iv Total (bi+bii +biii) biv C Balance (aiii- biv) 7c d Deduction under sections /54F (Specify details in item D below) 7d e Long-term Capital Gains on assets at 7 above in case of NON-RESIDENT (7c - 7d) For NON-RESIDENTS - From sale of equity share in a company or unit of equity-oriented fund or unit of a business trust on which STT is paid under section 112A B7e a LTCG u/s 112A [Column 14 of 115AD(1)(b)(iii) proviso] lb Deduction under sections 54F (Specify details in item D below) 8a 8b C Long-term Capital Gains on sale of cap....
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....ital assets at B8 above (8a-8b) B8c 19 From sale of foreign exchange asset by NON-RESIDENT INDIAN (If opted under chapter XII-A) a LTCG on sale of specified asset (computed without indexation) 9a b Less deduction under section 115F (Specify details in item D below) 9b c Balance LTCG on sale of specified asset (9a- 9b) B9c d LTCG on sale of asset, other than specified asset 9d e Less deduction under section 115F (Specify details in item D below) 9e f Balance LTCG on sale of asset, other than specified asset (9d-9e) B9f 10 From sale of assets where B1 to B9 above are not applicable la In case assets sold include shares of a company other than quoted shares, enter the following details 286 287 THE GAZETTE OF INDIA: EXTRAORDINARY a Full value of consideration received/receivable in respect ofia unquoted shares b C Fair market value of unquoted shares determined in theib prescribed manner Full value of consideration in respect of unquoted sharesic adopted as per section 50CA for the purpose of Capital Gains (higher of a or b) Full value of consideration in respect of assets other thanaii unquoted shares [PART II-SEC. 3(i)] ii iii Total (ic + i....
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....i) aiii b Deductions under section 48 Cost of acquisition with indexation bi ii Cost of improvement with indexation biv iii Expenditure wholly and exclusively in connection with transfer by iv Total (bi+bii+biii) bvi C Balance (10aiii – biv) 10c Deduction under section 54D//54F/54G/54GA (Specify details in item D below) 11 a d le Long-term Capital Gains on assets at B10 above (10c- 10d) Amount deemed to be long-term capital gains Whether any amount of unutilised capital gain on asset transferred during the previous year shown below was deposited in the Capital Gains Accounts Scheme within due date for that year? ☠Yes No ☠Not applicable. If yes, then provide the details below SI. Previous year in Section under which New asset acquired/constructed which assetdeduction claimed in- transferred that year Amount not used for new asset or remained utilised unutilised in Capital Capital gains account (X) Year in which asset Amount acquired/constructed out of Gains account B10e i 2019-20 ii 2020-21 54/54D/54F/54G/54GA 54B b Amount deemed to be long-term capital gains, other than at 'a' Total amount deemed to be long-term ca....
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....pital gains (xi + xii + b) B11 12 Pass Through Income/Loss in the nature of Long-Term Capital Gain, (Fill up schedule PTI) (B12a1+B12a2 +, B12b) B12 al Pass Through Income/Loss in the nature of Long-Term Capital Gain, chargeable @ 10% B12a1 a2 Pass Through Income/Loss in the nature of Long-Term Capital Gain, chargeable @ 10% - under sections other than u/s. 112A B12a2 b Pass Through Income/Loss in the nature of Long-Term Capital Gain, chargeable @ 20% B12b 13 Amount of LTCG included in items B1 to B12 but not chargeable to tax or chargeable at special rates in India as per DTAA Rate as per Whether Treaty of Rate as per I.T. Act Applicable rate flower of (6) or (9)] SI. No. Amount of income Item No. B1 to B12 above in which included Country name Article & Code DTAA of TRC ¡obtained (enter NIL, if not (Y/N) Section I.T. Act chargeable) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) II a Total amount of LTCG not chargeable to tax as per DTAA B13a b Total amount of LTCG chargeable to tax at special rates as per DTAA B13b 14 B13a) Total long-term capital gain chargeable under Income-tax Act (Ble + B2e + B3e + B4e + B5f+B6c+ ....
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.... B7e+B8f+B9c + B9f+ B10e + B11 + B12 B14 C1 Sum of Capital Gain Incomes (9ii + 9iii + 9iv + 9v + 9vi + 9vii + 9viii of table E below) C1 C2 Income from transfer of virtual digital assets (Item No. B of Schedule VDA) C2 C3 Income chargeable under the head "CAPITAL GAINS" (C1 + C2) C3 [à¤à¤¾à¤— II—खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Information about deduction claimed against Capital Gains D 1 In case of deduction u/s 54/54B/54D/54EC /54F/54G/54GA/115F give following details a Deduction claimed u/s 54 li Date of transfer of original asset ai dd/mm/yyyy ii Cost of new residential house aii iii Date of purchase /construction of new residential house aiii dd/mm/yyyy iv Amount deposited in Capital Gains Accounts Scheme before due date aiv V Amount of deduction claimed av b Deduction claimed u/s 54B Ꭵ Date of transfer of original asset bi dd/mm/yyyy lii Cost of new agricultural land bii iii Date of purchase of new agricultural land biii dd/mm/yyyy liv Amount deposited in Capital Gains Accounts Scheme....
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.... before due date biv V Amount of deduction claimed by Deduction claimed u/s 54D Ꭵ Date of acquisition of original asset ci dd/mm/yyyy lii Cost of purchase/ construction of new land or building for industrial undertaking cii iii Date of purchase of new land or building ciii dd/mm/yyyy liv Amount deposited in Capital Gains Accounts Scheme before due date civ v Amount of deduction claimed CV d Deduction claimed u/s 54EC Date of transfer of original asset di dd/mm/yyyy Amount invested in specified/notified bonds (not exceeding fifty lakh rupees) dii iii Date of investment liv Amount of deduction claimed diii dd/mm/yyyy div e Deduction claimed u/s 54F Date of transfer of original asset ei dd/mm/yyyy ii Cost of new residential house eii iii Date of purchase/construction of new residential house eiii dd/mm/yyyy iv Amount deposited in Capital Gains Accounts Scheme before due date eiv V Amount of deduction claimed ev f Deduction claimed u/s 54G Date of transfer of original asset from urban area fi dd/mm/yyyy ii Cost and expenses incurred for purchase or construction of new asset fii iii Date of purchase/construction of new asset....
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.... in an area other than urban area fiii dd/mm/yyyy liv Amount deposited in Capital Gains Accounts Scheme before due date fiv 288 289 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(i)] v Amount of deduction claimed fv Deduction claimed u/s 54GA i Date of transfer of original asset from urban area gi dd/mm/yyyy ii Cost and expenses incurred for purchase or construction of new asset gii iii Date of purchase/construction of new asset in SEZ giii dd/mm/yyyy liv Amount deposited in Capital Gains Accounts Scheme before due date giv v Amount of deduction claimed gv h Deduction claimed u/s 115F (for Non-Resident Indians) i Date of transfer of original foreign exchange asset hi dd/mm/yyyy lii Amount invested in new specified asset or savings certificate hii iii Date of investment hiii dd/mm/yyyy iv Amount of deduction claimed hiv i Total deduction claimed (1a + 1b + 1c+1d+le+lf+lg+1h) li 2 In case of deduction u/s 54GB, furnish PAN of the company E Set-off of current year capital losses with current year capital gains (excluding amounts included in A 9a & B 13a which is chargeable under DTAA) Short-term capital loss Long-term capital loss ....
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.... Capital Gain of Current year's capital gains remaining after current year (Fill this set off SI. column only if No. Type of Capital Gain computed figure is 15% 30% applicable DTAA 10% 20% positive) rate rates DTAA rates (9-1-2-3-4-5-6-7- 8) 1 10 6 17 8 9 (Ble*+ (B4e*+B5c* B2e*+B3e* Capital Loss to be set off (Fill this row only, if figure computed is negative) (A3e*+ A4a*+ 48a *) (A5e+ A8b*) (Ale*+A2c* |+ B7e*+B6c*+ +A4b*+A6g49b +A7*+A8c*) |B8c*+ B9f*+ B13b B9c* B12a*) +B10e*+ B11*+ B12b*) ii 15% (A3e*+A4a*+A8a*) (A5e*+ A8b*) (Ale*+A2c+A4b*+A 6g* +47*+48c*) iii 30% Short-term capital gain iv applicable rate lv DTAA rates 49b vi 10% Long-term vii capital gain viii 20% DTAA rates (B4e*+B5c*+ B7e* +B8c*+ B9c*+B12a*) (Ble*+ B2e*+B3e*+B6c*+ B9f*+ B10e*+ B11*+ B12b*) B13b ix Total loss set off (ii + iii + iv + v + vi + vii + viii) ✗ Loss remaining after set off (i- ix) The figures of STCG in this table (Ale* etc.) are the amounts of STCG computed in respective column (A1-A 9) as reduced by the amount of STCG not chargeable to tax or chargeable at special rates as per DTAA, which is included therein,....
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.... if any. The figures of LTCG in this table (B1e* etc.) are the amounts of LTCG computed in respective column (B1-B 13) as reduced by the amount of LTCG not chargeable to tax or chargeable at special rates as per DTAA, which is included therein, if any. à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] F Information about accrual/receipt of capital gain 1 2 3 4 5 Type of Capital gain / Date Short-term capital gains taxable at the rate of 15% Enter value from item 5vi of schedule BFLA, if any. Short-term capital gains taxable at the rate of 30% Enter value from item 5vii of schedule BFLA, if any. Short-term capital gains taxable at applicable rates Enter value from item 5viii of schedule BFLA, if any. Short-term capital gains taxable at DTAA rates Enter value from item 5ix of schedule BFLA, if any. Long-term capital gains taxable at the rate of 10% Enter value from item 5x of schedule BFLA, if any. Long-term capital gains taxable at the rate of 20% NOTE â–¶ 6 Enter value from item 5xi of schedule BFLA, if any. 17 ....
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.... Long term capital gains taxable at the rate DTAA rates 8 290 Upto 15/6 (i) (ii) 16/6 to 15/9 16/9 to 15/12 (iii) 16/12 to 15/3 (iv) 16/3 to 31/3 (v) Enter value from item 5xii of schedule BFLA, if any. Capital gains on transfer of virtual digital asset taxable at the rate of 30% Enter value from item 17B of schedule SI, if any Please include the income of the specified persons (spouse, minor child etc.) referred to in Schedule SPI while computing the income under this head Schedule 112A From sale of equity share in a company or unit of equity-oriented fund or unit of a business trust on which STT is paid under section 112A Full value of considera tion -If shares are acquired on or before 31.01.201 If the Total 8 long- Fair Share/ Sale- N Cze SI. N Unit 0. Acquire de a 7789 ISI Name No. of price (Total Sale Cost of acquisi tion withou t of the Shares/ per Co Share/ Unit Units Share/ Unit Value) (4*5) indexat ion Cost of acquisi tion (higher If of 8 or term capital asset was acquire d before 01.02.2 018, Lower Mark Fair Market Value per share/un Expendit Balanc et ure e Value of cap....
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....ita I asset it as on 31st January, 2018 n as per sectio wholly and exclusive ly connectio Total deducti (6- 13) - Item 5 ons in (a) of LTCG (7+12) n with transfer Sched ule of ITR3 shares 9) 55(2)( of 6 and 11 ac)- (4*10) (Col دق 1) 1 2 3 are Acquired after 31st January 2018 Please enter Full Value of Consider ation (Col. (C ol. (Col. 3) (Col. 4) (Col. 5) (Col. 6) (Col. 7) (Col. 8) (Col. 9) (Col. 10) 1a) (Col. 11) (Col. 12) (Col. 13) (Col. 14) 5 2) 291 Add rows Total THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(i)] Schedule 115AD(1)(b)(iii) proviso For NON-RESIDENTS – From sale of equity share in a company or unit of equity-oriented fund or unit of a business trust on which STT is paid under section 112A SI. க2 No. Full value of considerat ion -If shares are acquired on or before 31.01.2018 Cost of acquisiti Sale- on Share/ Unit Name ISIN No. of price of the Cod Acquire d e Share/ Unit Shares/U nits per (Total Sale without indexati Share/ Unit Value) (4*5) on If the long- term capital - If shares are Acquired after 31st Janu....
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....ary 2018 Please enter Full (higher of 8 or 9) Cost of acquisit ion asset was acquire d before 01.02.20 18, Lower - of 6 and 11 Fair Market Value per share/unit as on 31st January,2 018 Value of Considera tion Total Fair Marke t Value of capital asset as per section Expenditur e and exclusively wholly in ons connection with transfer (7+12) Total deducti Balance (6-13) Item 8 (a) of LTCG Schedule of ITR3 55(2)(a c)- (4*10) (Co (Col. 1. 1a) (Col .2) (Col. 3) (Col. 4) (Col. 5) (Col. 6) (Col. 7) (Col. 8) (Col. 9) (Col. 10) (Col. 11) دق 1) 1 2 3 4 Add rows Total Schedule VDA Sl. No. Income from transfer of virtual digital assets Date Acquisition of Date Transfer of (Col. 12) Head under which income to be taxed (Business/Capital Gain) Cost of Acquisition (In case of gift; Consideration Received a. Enter the amount on which tax is paid u/s 56(2)(x) if any b. In any other case cost to previous owner) (Col. 1) (Col. 2) (Col. 3) (Col. 4) Add Rows A. Total (Sum of all Positive Incomes of Business Income in Col. 7) B. Total (Sum of all Positive Incomes of Capital Gain in Col.....
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.... 7) (Col. 5) (Col. (Col. 14) 13) Income from transfer of Virtual Digital Assets (enter nil in case of loss) (Col. 6 - Col. 5) (Col. 6) (Col. 7) No. A3g of (Item Schedule BP) (Item No. C2 of Schedule CG) OTHER SOURCES [à¤à¤¾à¤— II—–खणà¥à¤¡ 3 ( i )] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Schedule OS Income from other sources Gross income chargeable to tax at normal applicable rates (1a+ 1b+ 1c+ 1d + 1e) A Dividends, Gross 1A i Dividend income other than ii ai ii Dividend income u/s 2(22)(e) aii B Interest, Gross (bi + bii + biii + biv + by + bvi + bvii + bviii + bix) 1B Ꭵ From Savings Bank bi lii From Deposits (Bank/ Post Office/ Co-operative) Society/) bii iii From Income-tax Refund iv In the nature of Pass-through income/Loss biii biv vi Interest accrued on contributions to provident fund to the extent taxable as per first proviso to section 10(11) Interest accrued on contributions to provident fund to the extent taxable as per Second proviso to section 10(11) by bvi vii Interest accrued on cont....
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....ributions to provident fund to bvii the extent taxable as per first proviso to section 10(12) viii Interest accrued on contributions to provident fund to the extent taxable as per second proviso to section bviii 10(12) ix Others bix C Rental income from machinery, plants, buildings, etc., Gross Income of the nature referred to in section 56(2)(x) which is chargeable to tax (di + dii + diii + div + dv) 1C 1D i Aggregate value of sum of money received without consideration ᎠᎥ lii In case immovable property is received without consideration, stamp, duty value of property Dii iii In case immovable property is received for inadequate consideration, stamp duty value of property in excess of such consideration Diii liv In case any other property is received without consideration, fair market value of property Div V In case any other property is received for inadequate consideration, fair market value of property in excess of such consideration Dv E Any other income (please specify nature) Sl. No. Nature 1 Family Pension 2 Income from retirement benefit account maintained in a notified country u/s 89A 1E Amount 3 Income from retiremen....
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....t benefit account maintained in a country other than notified country u/s 89A 4 Income taxable during the previous year on which relief u/s 89A was claimed in any earlier previous year Rows can be added as required 2 Income chargeable at special rates (2a+ 2b+ 2c+ 2d + 2e + 2f related to Sl. No. 1) 12 292 293 THE GAZETTE OF INDIA: EXTRAORDINARY a Winnings from lotteries, crossword puzzles etc. chargeable u/s 115BB 2a lb Income chargeable u/s 115BBE (bi + bii + biii + biv+ bv + bvi) 2b i Cash credits u/s 68 bi lii Unexplained investments u/s 69 bii iii Unexplained money etc. u/s 69A biii liv Undisclosed investments etc. u/s 69B biv V Unexplained expenditure etc. u/s 69C by vi Amount borrowed or repaid on hundi u/s 69D bvi Accumulated balance of recognised provident fund taxable u/s 111 2c S.No. Assessment Year Income benefit Tax benefit (i) (ii) (iii) (iv) d Any other income chargeable at special rate (total of di to dxx) 2d Dividends received by non-resident (not being di i company) or foreign company chargeable u/s 115A(1)(a)(i) lii Interest received from Government or Indiandii concern on foreign currency debts chargeable u/s 115....
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....A(1)(a)(ii) iii Interest received from Infrastructure Debt Funddiii chargeable u/s 115A(1)(a)(iia) iv Interest referred to in section 194LC (1)-div chargeable u/s 115A(1)(a)(iiaa)@5% v Interest referred to in section 194LD - chargeabledv u/s 115A(1)(a)(iiab) vi Distributed income being interest referred to indvi section 194LBA - chargeable u/s 115A(1)(a)(iiac) Income from units of UTI or other Mutual Funds dvii vii specified in section 10(23D), purchased in Foreign Currency chargeable u/s 115A(1)(a)(iii) - Income from royalty or fees for technical services dviii viii received from Government or Indian concern chargeable u/s 115A(1)(b)(A) & 115A(1)(b)(B) ix ☑ xi Income by way of interest on bonds purchased indix foreign currency by non-residents - chargeable u/s 115AC Income by way of dividend on GDRs purchased indx foreign currency by non-residents - chargeable u/s 115AC Income by way of dividends from GDRsdxi purchased in foreign currency by residents chargeable u/s 115ACA Income (other than dividend) received by an FIIdxii xii in respect of securities (other than units referred to in section 115AB) - chargeable u/s 115AD(1)(i) xiii xiv X....
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....V Income by way of interest received by an FII ondxiii bonds or Government securities referred to in section 194LD chargeable as per proviso to section 115AD(1)(i) Income received by non-residents sportsmen ordxiv sports associations chargeable u/s 115BBA Anonymous Donations in certain cases chargeabledxv u/s 115BBC [PART II SEC. 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 294 [à¤à¤¾à¤— II – खणà¥à¤¡ 3 (i)] xvi Interest referred to in Proviso to section dxvi 194LC(1)-chargeable u/s 115A(1)(a)(iiaa)@4% xvii xviii Income by way of royalty from patent developeddxvii and registered in India - chargeable u/s 115BBF Income by way of transfer of carbon credits-dxviii chargeable u/s 115BBG Income being dividend received by an FII indxix xix respect of securities (other than units referred to in section 115AB) - chargeable u/s 115AD(1)(i) 3 XX Investment Income of a Non-Resident Indian -dxx chargeable u/s 115E Pass through income in the nature of income from other sources chargeable at special rates 2e (drop down to be provided) Amount in....
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....cluded in 1 and 2 above, which is chargeable at special rates in India as per DTAA (total of column (2) of table below) Rate as per Whether Treaty 2f Amount Sl. No. Item No.1ai,1b to 1d and 2 in of income Country name and Article of DTAA (enter NIL, if which Code not included chargeable) TRC obtained (Y/N) Section of I.T. Act Rate as per I.T. Act Applicable rate [lower of (6) or (9)] (1) I (2) (3) (4) (5) (6) (7) (8) (9) (10) II Deductions under section 57 (other than those relating to income chargeable at special rates under 2a, 2b, 2d, 2e & 2f) a(i) Expenses Deductions other than entered in "C" (in case of other than family pension) 3a(i) a(ii) Deduction u/s 57(iia) (in case of family pension only) Ba(ii) b Depreciation (available only if income offered in 1.C of "Schedule OS") 3b C Interest expenditure on dividend u/s 57(1)(Available only if, income offered in 1a) Ð’Ñ ci Eligible Interest expenditure u/s 57(1) - computed value 3ci d Total 3d 4 Amounts not deductible u/s 58 4 5 Profits chargeable to tax u/s 59 5 5a Income claimed for relief from taxation u/s 89A 5a 6 Net Income from other sources ch....
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....argeable at normal applicable rates (1 (after reducing income related to 6 DTAA portion) - 3+4+5-5a) (If negative take the figure to 4i of schedule CYLA) 7 Income from other sources (other than from owning race horses) (2 +6) (enter 6 as nil, if negative) 8 Income from the activity of owning and maintaining race horses la Receipts 8a b Deductions under section 57 in relation to receipts at 8a only 8b Amounts not deductible u/s 58 8c 295 THE GAZETTE OF INDIA: EXTRAORDINARY d Profits chargeable to tax u/s 59 8d le Balance (8a-8b+ 8c + 8d) (if negative take the figure to 10xvi of Schedule CFL) 9 Income under the head "Income from other sources†(7 + 8e) (take 8e as nil, if negative) 10 Information about accrual/receipt of income from Other Sources S.No. Other Source Income Upto 15/6 15/12 From 16/6From 16/9 to From 16/12 to From to 15/9 31/3 16/3 to 15/3 (i) (ii) (iii) (iv) Income by way of winnings from lotteries, crossword 1 puzzles, races, games, 2 gambling, betting etc. referred to in section 2(24)(ix) Dividend Income referred in Sl. No. 1a(i) Dividend Income u/s 3 115A(1)(a)(i) @ 20% (Including PTI Income) 8e [PART II-SEC....
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..... 3(i)] NOTE â–º 4 5 7. 8 Dividend Income u/s 115AC @ 10% (Including PTI Income) Dividend Income u/s 115ACA (1)(a) @ 10% (Including PTI Income) Dividend Income (other than units referred to in section 115AB) u/s 115AD(1)(i) @ 20% (Including PTI Income) Income from retirement benefit account maintained in a country specified u/s 89A but not claimed for relief from taxation u/s 89A Dividend income chargeable at DTAA Rates Please include the income of the specified persons (spouse, minor child etc.) referred to in Schedule SPI while computing the income under this head. Schedule CYLA LOSS Details of Income after set-off of current years losses Sl.No Head/ Source of Income CURRENT YEAR ADJUSTMENT Income of current House property loss Business Loss year of the current year (other set off (Fill this column only if income is zero or positive) Other sources loss Current year's than (other than loss from Income owning race horses) of remaining after speculation loss or the current year set off set off specified business loss) of the current year set off 1 2 3 4 5=1-2-3-4 [à¤à¤¾à¤— II–खणà¥à¤¡ 3 (i)] ....
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.... i Loss to be set off (Fill this row only if computed figure is negative) ii Salaries iii House property iv Income from Business (6 of Schedule S) (4 of Schedule HP) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण (excluding speculation profit and income from (437 of Schedule BP) specified business) or profession V Speculative Income vi Specified Business Income (3ii of item E of Schedule BP) (3iii of item E of Schedule BP) vii viii ix X Short-term capital gain taxable @(9ii of item E of 15% Schedule CG) Short-term capital gain taxable @ (9iii of item E of 30% Schedule CG) Short-term capital gain taxable at (9iv of item E of applicable rates Schedule CG) Short-term capital gain taxable at (9v of item E of special rates in India as per DTAA Schedule CG) Long-term capital gain taxable @(9vi of item E o Schedule CG) xi 10% xii xiii Long-term capital gain taxable @ (9vii of item E of 20% Schedule CG) Long-term capital gains taxable at (9viii of item E of special rates in India as per DTAA Schedule CG) Net income from other sources chargeable at normal appl....
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....icable (6 of Schedule OS) xiv rates Profit from the activity of owning XV and maintaining race horses (8e of Schedule OS) xvi xvii Income from other sources taxable at special rates in India as per (2f of Schedule OS) DTAA Total loss set off xviii Loss remaining after set-off (i–xvii) (4 of Schedule -HP) (2v of item E of Schedule BP) (6 of Schedule-OS) 296 Schedule BFLA Details of Income after Set off of Brought Forward Losses of earlier years BROUGHT FORWARD LOSS ADJUSTMENT SI. Head/ Source of Income No. Salaries any, of current year's off losses as per 5 of Schedule CYLA) off Income after set off, if Brought forward loss set Brought forward Brought depreciation set allowance under income section 35(4) set off remaining after set off forward Current year's 1 (5ii of Schedule CYLA) 2 3 4 5 297 THE GAZETTE OF INDIA: EXTRAORDINARY ii House property iv Speculation Income V Specified Business Income vi Short-term capital gain taxable @ 15% (5iii of Schedule CYLA) (B/f house property loss) Business (excluding speculation liii income and income from specified (5iv of Schedule CYLA) business) (B/f business loss, other than ....
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....speculation or specified business loss) (B/f normal business or speculation loss) (B/f normal business or specified business loss) (B/f short-term capital loss) (5v of Schedule CYLA) (5vi of Schedule CYLA) (5vii of Schedule CYLA) vii Short-term capital gain taxable @ 30% (5viii of Schedule CYLA) (B/f short-term capital loss) viii applicable rates Short-term capital gain taxable at (5ix of Schedule CYLA) (B/f short-term capital loss) ix Short-term capital gain taxable at special rates in India as per DTAA (5x of Schedule CYLA) (B/f short-term capital loss) ✗ Long-term capital gain taxable @ 10% (5xi of Schedule CYLA) xi Long-term capital gain taxable @ 20% (5xii of Schedule CYLA) (B/f short-term or long- term capital loss) (B/f short-term or long- term capital loss) xii Long-term capital gains taxable at special rates in India as per DTAA Net income from other sources (5xiii of Schedule CYLA) (B/f short-term or long- term capital loss) xiii chargeable at normal applicable (5xiv of Schedule CYLA) xiv rates Profit from owning and maintaining (5xy of Schedule CYLA) (B/f loss from horse races) race horses Income from other source....
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....s income taxable at special rates in India as (5xvi of Schedule CYLA) XV per DTAA xvi Total of brought forward loss set off (2ii + 2iii + 2iv + 2v + 2vi xvii [PART II-SEC. 3(i)] +2vii +2viii+2ix + 2x + 2xi + 2xii + 2xiv) Current year's income remaining after set off Total of (5i + 5ii + 5iii + 5iv+ 5v + 5vi + 5vii + 5viii + 5ix + 5x + 5xi +5xii + 5xiii+| 5xiv +5xv) CARRY FORWARD OF LOSS [à¤à¤¾à¤— II—–खणà¥à¤¡ 3 ( i )] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 298 Schedule CFL Sl. Assessment No. Year Details of Losses to be carried forward to future years Date of Filing (DD/MM/YYYY) loss House Loss from business other than loss from Loss from Loss property speculative business and specified business speculative from business specified business Short-term Long- capital loss term Loss from owning and Capital loss maintaining race horses Brought forward Amount adjusted as Brought on forward Business Loss account of Business Loss opting taxation u/s for available for 115BAC set off during the year 1 2 3 4 5a ....
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....5b li 2010-11 ii 2011-12 iii 2012-13 liv 2013-14 V 2014-15 vi 2015-16 vii 2016-17 viii 2017-18 ix 2018-19 ✗ 2019-20 xi 2020-21 xii 2021-22 xiii 2022-23 5c=5a-5b 6 7 8 9 10 xiv Total of earlier year losses b/f Adjustment of (2ii above losses in XV of Schedule Schedule BFLA) (2iii Schedule BFLA) of (2iv of (2v of Schedule Schedule BFLA) BFLA) BFLA 2023-24 (2xiv Schedule BFLA) of (2xviii of (3xviii of (B42 (Current year xvi losses to be Schedule CYLA) Schedule CYLA) Schedule BP, if-ve) carried forward) of (C48 of (2x+3x+4x+|(( 6x+7x (8e Schedule 5x) of item E+ 8x) of Schedule BP, if - of Schedule item E of OS, if-ve) ve) CG) Schedule CG) of Total loss Carried xvii forward to future years Schedule UD Unabsorbed depreciation and allowance under section 35(4) Sl No Assessment Year Depreciation Amount of Amount brought adjusted forward account unabsorbed opting depreciation taxation 115BAC as Amount ondepreciation of off against for current u/sincome Allowance under section 35(4) of Balance carried Amount of brought Amount of allowance Balance set-forward to the forward unabsorbed set-off aga....
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....inst the Carried thenext year current year income forward to the next year year allowance (1) |(2) (3) (3a) Current Assessment i Year ii iii iv lv Total (4) (5) (6) (7) (8) (3xvi of BFLA) (4xvi of BFLA) DETAILS OF DONATIONS 299 THE GAZETTE OF INDIA: EXTRAORDINARY Schedule ICDS Effect of Income Computation Disclosure Standards on profit Sl. No. ICDS Amount (+) or (-) (i) (ii) (iii) i Accounting Policies ii Valuation of Inventories (other than the effect of change in method of valuation u/s 1454, if the same is separately reported at col. 4d or 4e of Part A-OI) Construction Contracts 111 1V Revenue Recognition V Tangible Fixed Assets vi Changes in Foreign Exchange Rates vii viii 1X X 11-a. 11b. Government Grants Securities (other than the effect of change in method of valuation u/s 145A, if the same is separately reported at col. 4d or 4e of Part A-OI) Borrowing Costs Provisions, Contingent Liabilities and Contingent Assets Total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X) (if positive) Total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X) (if negative) Schedule 10AA U/S ....
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....Deductions in respect of units located in Special Economic Zone DEDUCTION 10AA Deduction under section 10AA SI Undertaking Assessment year in which unit begins to sl manufacture/produce/provide services Amount of deduction la Undertaking No.1 a (item 17 of Annexure A of Form 56F for Undertaking 1) b Undertaking No.2 (item 17 of Annexure A of Form b 56F for Undertaking 2) Total deduction under section 10AA (a + b) Schedule 80G Details of donations entitled for deduction under section 80G A Donations entitled for 100% deduction without qualifying limit Name and address of done B i ii iii Total Donations entitled for 50% deduction without qualifying limit Name and address of done ii iii Total Donations entitled for 100% deduction subject to qualifying limit PAN Donee of Amount of donation Eligible Amount of donation Donation in Donation in Total cash other mode Donation PAN Donee of Amount of donation Eligible Amount of donation Donation inDonation in Total cash other mode Donation [PART II SEC. 3(i)] [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] D à¤à¤¾à¤°à¤¤ का राजà¤....
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....तà¥à¤° : असाधारण Name and address of done PAN Donee of Amount of donation Eligible Amount of donation Donation inDonation in Total cash other mode Donation ii iii Total Donations entitled for 50% deduction subject to qualifying limit Name and address of donee ii PAN Donee ARN of (Donation Amount of donation Reference Number) Donation inDonation inTotal cash other mode Donation Schedule 80GGA (applicable Details of donations for scientific research or rural development in the case of a partner of firm deriving only profit from the firm) S. No. of Donee Relevant clause under which, Name and address PAN of Donee Amount of donation deduction is claimed (drop down to be provided) lii Total donation Donation in cash Donation other mode in Total Donation 300 Eligible Amount donation of Eligible Amount of donation Details of donations to research associations etc. [deduction under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA)] Schedule RA Name and address of done ii iii Total Schedule 80-IA PAN of Donee Amount of donation Eligible Amount of donation Donation inDonatio....
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....n in Total cash other mode Donation (item 30 of Form 10CCB a Deduction in respect of profits of anal Undertaking No. 1 undertaking referred to in section 80- of the undertaking) IA(4)(iv) [Power] a2 Undertaking No. 2 (item 30 of Form 10CCB of the undertaking) lb Total deductions under section 80-IA (a1 + a2) Schedule 80-IB Deductions under section 80-IB a Deduction in the case of undertaking which beginsal commercial production or refining of mineral oil [Section_ 80-IB(9)] Undertaking no. 1 (30 of Form 10CCB of the undertaking) a2 Undertaking no. 2 (30 of Form 10CCB of the undertaking) b Deduction in the case of an undertaking developing and b1 Undertaking no. 1 (30 of Form 10CCB of the undertaking) DEDUCTION U/S 80-IC 301 THE GAZETTE OF INDIA: EXTRAORDINARY building housing projects [Section 80-IB(10)] b2 Undertaking no. 2 Undertaking no. 1 c2 Undertaking no. 2 Undertaking no. 1 (30 of Form 10CCB of the undertaking) (30 of Form 10CCB of the undertaking) (30 of Form 10CCB of the undertaking) (30 of Form 10CCB of the undertaking) d2 Undertaking no. 2 (30 of Form 10CCB of the undertaking) Deduction in the case of an undertaking eng....
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....aged in cl processing, preservation and packaging of fruits, vegetables, meat, meat products, poultry, marine or dairy products [Section 80-IB(11A)] Deduction in the case of an undertaking engaged ind d integrated business of handling, storage and transportation of food grains [Section 80-IB(11A)] Total deduction under section 80-IB (Total of al to d2) Schedule 80-IC or 80-IE Deductions under section 80-IC or 80-IE e [PART II-SEC. 3(i)] al Undertaking no. 1 a Deduction in respect of undertaking located in Sikkim a2 Undertaking no. 2 (30 of Form No. 10CCB of the undertaking) (30 of Form No. 10CCB of the undertaking) b1 Undertaking no. 1 b Deduction in respect of undertaking located in Himachal Pradesh (30 of Form No. 10CCB of the undertaking) b2 Undertaking no. 2 c1 Undertaking no. 1 C Deduction in respect of undertaking located in Uttaranchal (30 of Form No. 10CCB of the undertaking) (30 of Form No. 10CCB of the undertaking) c1 Undertaking no. 2 (30 of Form No. 10CCB of the undertaking) d Deduction in respect of undertaking located in North-East dal Undertaking no. 1 da Assam da2 Undertaking no. 2 db1 Undertaking no. 1 db Arunachal ....
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....Pradesh db2 Undertaking no. 2 (30 of Form No. undertaking) (30 of Form undertaking) (30 of Form undertaking) (30 of Form undertaking) No. 10CCB of the No. 10CCB of the 10CCB of the No. 10CCB of the dc1 Undertaking no. 1 (30 of Form No. undertaking) 10CCB of the de Manipur dc2 Undertaking no. 2 (30 of Form No. undertaking) 10CCB of the dd1 Undertaking no. 1 (30 of Form No. 10CCB of the undertaking) dd Mizoram dd2 Undertaking no. 2 de1 Undertaking no. 1 (30 of Form No. 10CCB of the undertaking) (30 of Form No. 10CCB of the undertaking) de Meghalaya de2 Undertaking no. 2 (30 of Form No. undertaking) 10CCB of the df1 Undertaking no. 1 df Nagaland df2 Undertaking no. 2 dg1 Undertaking no. 1 (30 of Form No. 10CCB of the undertaking) (30 of Form No. 10CCB of the undertaking) (30 of Form No. 10CCB of the undertaking) dg Tripura dg2 Undertaking no. 2 (30 of Form No. undertaking) 10CCB of the dh Total deduction for undertakings located in North-east (total of dal to dg2) dh Total deduction under section 80-IC or 80-IE (a+d+c+dh) Schedule VI-A Deductions under Chapter VI-A Part B- Deduction in respect of certain payments [....
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....¤à¤¾à¤— II—खणà¥à¤¡ 3 ( i )] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण b 80CCC 80CCD(1B) TOTAL DEDUCTIONS la 80C C 80CCD(1) d e 8 80CCD(2) 80DD f 80D h 80DDB i 80E 80EE k 80EEA m 80G 0 80GGA 80EEB n 80GG o(i) 80GGC Total Deduction under Part B (total of a to o(i)) 2 Part C- Deduction in respect of certain incomes P 80-IA (b of Schedule 80-IA) q 80-IAB r 80-IB (E of Schedule 80-IB) S 80-IBA It 80-IC/80-IE (e of Schedule 80-IC/80-IE) u 80JJA V 80JJAA [Sl.no. 51(eiv) +5II of Annexurew to Form 10DA] 80QQB x 80RRB 3 Total Deduction under Part C (total of p to w) Part CA and D- Deduction in respect of other incomes/other deduction 80TTA iii 80U ii 80TTB Total Deduction under Part CA and D (total of i, ii and iii) 4 Total deductions under Chapter VI-A (1+2+3) Schedule AMT Computation of Alternate Minimum Tax payable under section 115JC 1 Total Income as per item 14 of PART-B-TI 1 2 Adjustment as per section 115JC(2) a Deduction claimed under any section included in Chapter VI2a A under the heading ....
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....€œC.—Deductions in respect of certain incomes" b Deduction claimed u/s 10AA C 2b Deduction claimed u/s 35AD as reduced by the amount o2c depreciation on assets on which such deduction is claimed d Total Adjustment (2a+2b+ 2c) 2d 3 Adjusted Total Income under section 115JC(1) (1+2d) a Adjusted Total Income u/s 115JC from units located in IFSC, it any 13a b Adjusted Total Income u/s 115JC from other Units (3-3a) 3b 4 Tax payable under section 115JC [(9% of (3a)+ 18.5% of (3b)] (if 3 is greater than Rs. 20 lakhs) 4 3 3 14 2 Schedule AMTC Computation of tax credit under section 115JD 1 Tax under section 115JC in assessment year 2023-24 (1d of Part-B-TTI) 2 Tax under other provisions of the Act in assessment year 2023-24 (2i of Part-B-TTI) 2 3 Amount of tax against which credit is available [enter (2-1) if 2 is greater than 1, otherwise enter 0] 3 4 Utilisation of AMT credit Available (Sum of AMT credit utilised during the current year is subject to maximum of amount mentioned in 3 above and cannot exceed the sum of AMT Credit Brought Forward) S. Assessment Year AMT Credit AMT Credit Utilised Balance AMT Credit 302 303 No. (A) li 2....
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....013-14 ii 2014-15 iii 2015-16 iv 2016-17 v 2017-18 vi 2018-19 vii 2019-20 viii 2020-21 ix 2021-22 ✗ 2022-23 xi THE GAZETTE OF INDIA: EXTRAORDINARY Current AY (enter 1 -2, if 1>2 else enter 0) [PART II SEC. 3(i)] earlier Balance forward to the current Assessment Year broughtduring the Current Carried Forward Gross Set-off in assessment years (B1) (B2) assessment year (B3)=(B1)-(B2) xii Total 5 16 Amount of tax credit under section 115JD utilised during the year [total of item no 4 (C)] Amount of AMT liability available for credit in subsequent assessment years [total of 4 (D)] (C) |(D)=(B3)-(C) Schedule SPI SI No Income of specified persons (spouse, minor child etc.) includable in income of the assessee as per section 64 Name of person PAN/Aadhaar No. of persorRelationship (optional) 1 2 3 Amount (Rs) Head of Income in which included Schedule SI SI Section No ✓ Special (%) rat Income(i) Tax thereon (ii) 1 111- Accumulated balance of recognised provident for prior years (2cii of Schedule (2civ of Schedule OS) OS) 2 111A or Section 115AD(1)(b)(ii)-Proviso (STCG on shares units on which where ☠STT paid)....
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.... 15 (part of 5vi 0 Schedule BFLA) 3 115AD(STCG for FIIs on securities where STT not paid) 30 (part of 5vii 0 Schedule BFLA) 4 112 proviso (LTCG on listed securities/ units without indexation) ☠10 (part of 5x 0 Schedule BFLA) 5 112(1)(c)(iii) (LTCG for non-resident on unlisted securities) ã… 10 (part of 5x ì´ Schedule BFLA) 6 115AC (LTCG for non-resident on bonds/GDR) ☠10 (part of 5x 0 Schedule BFLA) 7a 115AC (Income by way of interest received by non-resident on bonds purchased in foreign currency) (part of 2d O ã… 10 Schedule OS) SPECIAL RATES OF TAXATION 7b 115AC (Income by way of Dividend received by non-resident from GDR purchased in foreign currency) (part of 2d O 10 Schedule OS) 8 115ACA (LTCG for an employee of specified company on GDR) ã… 10 (part of 5x ì´ Schedule BFLA) 9 115AD (LTCG for FIIs on securities) ã… 10 Schedule BFLA) 10 115E (LTCG for non-resident Indian on specified asset) 10 Schedule BFLA) 11 112 (LTCG on others) ☠20 (part of 5x (part of 5x 0 (5xi of Schedule ì´ 12 112A or section 115AD(1)(b)(iii)-proviso (LTCG on sale of shares or units o....
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....n which STT is paid) BFLA) 10 (5(x) of Schedule BFLA) [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 13 STCG Chargeable at special rates in India as per DTAA 14 LTCG Chargeable at special rates in India as per DTAA ☠■15 115BB (Winnings from lotteries, puzzles, races, games etc.) ☠30 (part of 5ix ì´ Schedule BFLA) (part of 5xii Schedule BFLA) (2a of Schedule OS) 0 16 115BBE (Income under section 68, 69, 69A, 69B, 69C or 69D) ☠60 (2b of Schedule OS) 115BBH (Income from transfer of virtual digital asset) 17 A Income under head business or profession ☠B Income under head Capital Gain 30 (A3g of Schedule BP) ☠30 (C2 of Schedule CG) 18 115BBF (Tax on income from patent) 19 A Income under head business or profession B Income under head other sources 115BBG (Tax on income from transfer of carbon credits) A B Income under head business or profession Income under head other sources 20 115A(1)(b)(A) & 115A(1)(b)(B) (Income of a non-resident from Royalty) ã…....
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.... 10 (3e of Schedule BP) ☠10 (2d of Schedule OS) 10 (3f of Schedule BP) ☠10 (2d of Schedule OS) ã… (part of 2d ì´ 10 Schedule OS) 21 Income from other sources chargeable at special rates in India as per DTAA (part of 2f of Schedule OS) 22 Pass Through Income in the nature of Short-term Capital Gain chargeable @ 15% 15 part of 5vi Schedule BFLA) of 23 Pass Through Income in the nature of Short-term Capital Gain chargeable @30% ☠30 (part of 5vii Schedule BFLA) 0 24 Pass Through Income in the nature of Long-term Capital Gain chargeable @ 10% â–¡ lu/s. 112A 10 (part of 5x Schedule BFLA) 25 Pass Through Income in the nature of Long-term Capital Gain chargeable @ 10% u/s. other than section 112A 10 (part of 5x Ο Schedule BFLA 26 Pass Through Income in the nature of Long-term Capital Gain chargeable @ 20% ☠20 (part Schedule BFLA) 27 Pass through income in the nature of income from other source chargeable at☠special rates (Drop down to be provided in e-filing utility) of 5xi 0 (2e of Schedule OS) 28 Any other income chargeable at special rate (Drop down to be provided in e-filing utility....
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....) Total Schedule IF Information regarding partnership firms in which you are partner Number of firms in which you are partner FIRMS IN WHICH PARTNER (2d of Schedule OS) Sl. Name of the Firm PAN of the firm No Whether the firm is liable for audit? (Yes/No) firm? No) Whether section 92E is Share applicable to in the profit (Yes/ Percentage Amount of share in Capital balance on the profit 31st March in the firm i ii of the firm 1 2 3 4 Total Schedule EI Details of Exempt Income (Income not to be included in Total Income or not chargeable to tax) EXEMPT INCOME 1 Interest income Ꭵ Gross Agricultural receipts (other than income to be excluded under rules 7A, 7B or 8) i i Expenditure incurred on agriculture ii iii Unabsorbed agricultural loss of previous eight assessment years iii 304 PASS THROUGH INCOME 305 THE GAZETTE OF INDIA: EXTRAORDINARY iv Agricultural income portion relating to rules 7, 7A, 7B(1), 7B(1A) and 8 (from Sl. No. 38 of Sch. BP) V Net Agricultural income for the year (i – ii – iii + iv) (enter nil if loss) vi iv In case the net agricultural income for the year exceeds Rs.5 lakh, please furnish the....
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.... following details (Fill up details separately for each agricultural land) a Name of district along with pin code in which agricultural land is located b Measurement of agricultural land in Acre C Whether the agricultural land is owned or held on lease (drop down to be provided) d Whether the agricultural land is irrigated or rain-fed (drop down to be provided) 3 Other exempt income (including exempt income of minor child) (please specify) 4 Income not chargeable to tax as per DTAA SI. Amount of income Nature of income No. Country name Code &Article of DTAA Head of Income Whether obtained TRC (Y/N) 2 [PART II SEC. 3(i)] I II III Total Income from DTAA not chargeable to tax 5 16 Pass through income not chargeable to tax (Schedule PTI) Total (1+2+3+4+5) 4 5 16 Schedule PTI Pass Through Income details from business trust or investment fund as per section 115UA, 115UB SI. Investment Name of PAN of SI. Head of income No. entity covered business trust/ by section investment 115UA/115UB fund the business trust/ Current Year Share income of current year loss distributed investment by Net Income/ Loss 9=7-8 fund Investment ....
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....fund TDS on such amount, if any (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 1. i House property ii Capital Gains a Short-term al Section 111A b Long-term b1 Section 112A B2 Sections other (drop down to be provided) than 112A iii Other Sources a Dividend b Others iv Income claimed to be exempt A u/s 10(23FBB) B u/s ........... C u/s 2. i House property ii Capital Gains A Short-term al Section 111A [à¤à¤¾à¤— II – खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 306 B Long-term b1 Section 112A b2 Sections other than 112A iii Other Sources 1 Dividend 2 Others iv Income claimed to be exempt a u/s 10(23FBB) b u/s Ñ u/s NOTE Please refer to the instructions for filling out this schedule. Schedule- TPSA AS PER SECTION ADJUSTMENTS 1 2 3 4 Details of Tax on secondary adjustments as per section 92CE(2A) as per the schedule provided in e-filing utility Amount of primary adjustments on which option u/s 92CE(2A) is exercised & such excess money has not been repatriated within the ....
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....prescribed time (please indicate the total of adjustments made in respect of all the AYS) a Additional Income tax payable @ 18% on above b Surcharge @ 12% on "a" C Health & Education cess on (a + b) d Total Additional tax payable (a+b+c) Taxes paid Net tax payable (2d-3) Date(s) of deposit of tax Date 1 on 5 secondary adjustments as per Date 2 Date 3 Date 4 Date 5 Date 6 (DD/MM/YYYY) (DD/MM/YYYY) (DD/MM/YYYY) (DD/MM/YYYY) (DD/MM/YYYY) (DD/MM/YYYY) TAX ON SECONDARY 92CE(2A) section 92CE(2A) Name of Bank and 6 Branch 7 BSR Code 8 Serial number challan of Schedule FSI Amount deposited Sl. Country Taxpayer Code Identification Number Details of Income from outside India and tax relief (available only in case of resident) relief Relevant article incomeavailable in India of DTAA if from Tax paid Tax payable on Tax outside India such Sl. Head of income Income outside India (included in PART B-TI) (b) (a) 1 Salary in(e) (c) or (d) under normal provisions India (d) whichever lower (e) relief claimed u/s 90 or 90A is (f) INCOME FROM OUTSIDE INDIA lii House Property iii iv Business Profession Capital Gains Other sources....
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.... or V Total i Salary lii House Property TAX RELIEF FOR TAX PAID OUTSIDE INDIA 307 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(i)] Business or iii Profession IV Capital Gains v Other sources Total NOTE Please refer to the instructions for filling out this schedule. Schedule TR Summary of tax relief claimed for taxes paid outside India (available only in case of resident) 1 Details of Tax relief claimed Country Code Taxpayer Identification Number Total taxes paid outside India (total of (c) of Schedule FSI respect of each country) Total tax relief available Section under which relief claimed in (total of (e) of Schedule FSI in respect of each country) (a) (b) (c) (d) (specify 90, 90A or 91) (e) Total Total Tax relief available in respect of country where DTAA is applicable (section 90/90A) (Part of total of 1(d)) Total Tax relief available in respect of country where DTAA is not applicable (section 91) (Part of total of 1(d)) 14 Yes/No Whether any tax paid outside India, on which tax relief was allowed in India, has been refunded/credited by the foreign tax authority during the year? If yes, provide the details below Assess....
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....ment year in which tax relief allowed in India a Amount of tax refunded b NOTE Please refer to the instructions for filling out this schedule. Details of Foreign Assets and Income from any source outside India Schedule FA A1 DETAILS OF FOREIGN ASSETS SI Country Country No name code Name of Address of ZIP code Account Status financial financial number institution institution Details of Foreign Depository Accounts held (including any beneficial interest) at any time during the calendar year ending as on 31st day of December 2022 Gross interest paid/credited to the account during the period Account opening| Peak date balance during the period Closing balance (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (i) (ii) A2 SI Country Country Name No name code financial financial institution institution of Address of ZIP Account Status code number Account opening Peak date balance during the period Closing balance Details of Foreign Custodial Accounts held (including any beneficial interest) at any time during the calendar year ending as on 31st day of December 2022 Gross amount paid/credited to the account during the peri....
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....od nature amount (drop down to be provided specifying of viz. interest/dividend/proceeds from sale or redemption of financial assets/ other income) (1) (2) (3) (4) (5) (6) (7) (8) (9) |(10) (11) (12) (i) (h) Details of Foreign Equity and Debt Interest held (including any beneficial interest) in any entity at any time during the calendar year ending as on A3 31st day of December 2022 [à¤à¤¾à¤— II – खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण of Initial acquiring value of of the the gross Total 308 gross proceeds from sale or redemption of with respect to investment during| holding the period Peak value Closing value Total amount paid/credited investment interest investme during the period nt SI Country Country code Name No name entity S of Addres ZIP of code Nature of Date entity entity the during the period (1) (2) (i) (3) |(4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (ii) A4 Details of Foreign Cash Value Insurance Contract or Annuity Contract held (including any beneficial int....
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....erest) at any time during the calendar year ending as on 31st day of December 2022 SI Country Country code No name Name of financial Address institution in which financial insurance contract institution held of ZIP code Date of The cash value or Total gross contract surrender value of the paid/credited with respect to contract the contract during the| period amount (1) (2) (3) (4) (5) (6) (7) (8) (9) (i) (ii) B SI Country Zip Nature of Name and Nature of Interest-Date Total No Name Code entity and code Address of the Entity since held Investment Direct/ Beneficial owner/ Beneficiary Details of Financial Interest in any Entity held (including any beneficial interest) at any time during the calendar year ending as on 31st day of December 2022 Income Income Nature of Income taxable and offered in this return accrued (at cost) (in from such rupees) Interest Amount Schedule where offered Item number of schedule (1) 2(a) 2(b) (3) (4) (5) |(6) (7) (8) (9) (10) (11) (12) (i) (ii) C Details of Immovable Property held (including any beneficial interest) at any time during the calendar year ending as on 31st day of Decembe....
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....r 2022 SI Country No Name ZIP and Code Addre Ownership- Date of Total Investment Income Nature of Income Income taxable and offered in this return SS of code Direct/ the Beneficial acquisition (at cost) (in rupees) derived from the property Amount Prope owner/ Schedule where offered Item number of schedule rty Beneficiary (1) (2a) (2b) (3) (4) (5) (6) (7) (8) (9) (10) (11) (i) (ii) D Details of any other Capital Asset held (including any beneficial interest) at any time during the calendar year ending as on 31st day of December 2022 SI Country ZIP Nature Ownership- Date No Name and Code of code Asset Direct/ Beneficial owner/ Beneficiary of Total Investment Income acquisition (at cost) rupees) Nature of Income Income taxable and offered in this return (in derived from the asset nt Amou Schedule offered where Item number of schedule (1) (2a) (2b) (3) (4) (5) |(6) (7) (8) (9) (10) (11) (i) (ii) E Details of account(s) in which you have signing authority held (including any beneficial interest) at any time during the calendar year ending as on 31st day of December 2022and which has not been included in A....
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.... to D above. SI No account is held Name of the Addr Count ZIP Institution iness of ry which the the Name Instit and Name of the Account Code account Number holder ution Code Peak Balance/ Whether Investment income during the year accrued (in rupees) taxable in accrued in your hands? the account Amount Schedule If (7) is If (7) is yes, Income offered in this return yes, is Income where offered Item number of schedule (1) (2a) (2b) (3a) (3b) (4) (5) (6) (7) (8) (9) (10) (11) 309 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] " (ii) F SI No Name Code and and code Name Name and Name and address of address of since address address Settlor Beneficiaries position of the of held trust trustees and Date Details of trusts, created under the laws of a country outside India, in which you are a trustee, beneficiary or settlor Country ZIP Name If (8) is yes, If (8) is yes, Income offered in this return Whether income derived Income lis taxable in derived your hands? the trust from Amount Schedule Item number where offered schedule of (1) (2a) (2b) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (i) (ii) G Details of any....
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.... other income derived from any source outside India which is not included in,- (i) items A to F above and, (ii) income under the head business or profession Country Name and address SI Name and No code of the person from Income derived Nature of income ZIP Code whom derived Whether taxable in your hands? If (6) is yes, Income offered in this return Amo Schedule Item number of unt where offered schedule (1) (2a) (2b) (3) (4) (5) (6) |(7) (8) (9) (i) (ii) NOTEâ–¸ Please refer to instructions for filling out this schedule. In case of an individual, not being an Indian citizen, who is in India on a business, employment or student visa, an asset acquired during any previous year in which he was non-resident is not mandatory to be reported in this schedule if no income is derived from that asset during the current previous year. Schedule 5A Name of the spouse Information regarding apportionment of income between spouses governed by Portuguese Civil Code PAN/Aadhaar No. of the spouse Whether books of accounts of spouse is audited u/s 44AB? or Whether your spouse is a partner of a Yes/No firm whose accounts are required to be audited u/s 44AB under ....
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....this Act? Whether books of accounts of spouse is audited u/s 92E? or Whether your spouse is a partner of a firm Yes/No whose accounts are required to be audited u/s 92E under this Act? Receipts received Amount apportioned in the Amount of TDS deducted TDS apportioned in the under the head hands of the spouse on income at (ii) hands of spouse (iv) Heads of Income (i) (ii) 1 House Property 2 Business or profession 3 Capital gains 4 Other sources 5 Total (iii) (v) Schedule AL Assets and Liabilities at the end of the year (other than those included in Part A- BS) (applicable in a case where total income exceeds Rs.50 lakh) A Details of immovable assets DETAILS OF ASSETS AND LIABILITIES SI. Description Address No. (1) (2) |(3) Pin code Amount (cost) in Rs. (4) (5) (i) (ii) B Details of movable assets SI. Description No. (1) (2) Amount (cost) in Rs. (3) (i) (ii) Jewellery, bullion etc. Archaeological collections, drawings, painting, sculpture or any work of art DETAILS [à¤à¤¾à¤— II – खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : अस....
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....¤¾à¤§à¤¾à¤°à¤£ (iii) Vehicles, yachts, boats and aircrafts (iv) Financial assets Amount (cost) in Rs. (a) Bank (including all deposits) (b) Shares and securities (c) Insurance policies (d) Loans and advances given (e) Cash in hand Interest held in the assets of a firm or association of persons (AOP) as a partner or member thereof C SI. Name and address of the firm(s)/PAN of the firm/ AOP No. AOP(s) (1) (2) (3) (i) (ii) D Liabilities in relation to Assets at (A + B + C) NOTE â–¶ Please refer to instructions for filling out this schedule. Assessee's investment in the firm/ AOP on cost basis (4) Schedule GST INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST DETAILS OF GST Sl. No. GSTIN No(s). (1) (2) NOTE Annual value of outward supplies as per the GST return(s) filed (3) Please furnish the information above for each GSTIN No. separately Schedule : deferred on ESOP Tax Sl. No. Information related to Tax deferred - relatable to income on perquisites referred in section 17(2)(vi) received from employer, being an eligible start-up referred to in section 80-IAC Has any of the following events occurred during the p....
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....revious year relevant to current assessment year Amount of Tax Such specified security or sweat equity shares were sold (i)Fully deferred (ii)Partly Assessment Year brought (iii)Not forward from Specify earlier AY the date amount of tax attributed to such sale out of Col 3 and or sweat equity share? Ceased to be the employee of the employer who allotted transferred such sold specified security or Forty-eight months have expired from the end of the relevant assessment year in which specified security or sweat equity shares referred to in the said *clause were allotted. If yes, specify date Amount of tax payable in the current Assessment Year Balance amount of tax deferred to be carried forward to be next Assessment 0 Yes 0 No years (to populated be (Details to be provided as per utility) If yes, specify date from col. (3) or (4) as the case maybe) Col (3)-(7) (1) (2) (3) 1 2021-22 Sl. No. 8 of Schedule ESOP for last year (4) (5) (6) (To be enabled from AY 2026-27) (Payment to be made in FY 2025-26) (7) (8) 310 TOTAL INCOME 311 2 2022-23 3 2023-24 THE GAZETTE OF INDIA: EXTRAORDINARY [PART....
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.... II SEC. 3(i)] Sl. No. 8 of Schedule ESOP for last year Part B-TI Computation of total income PART-B 1 Salaries (6 of Schedule S) 2 3 Income from house property (4 of Schedule-HP) (enter nil if loss) Profits and gains from business or profession ii iii Profit and gains from business other than speculative business and specified business (A37 of Schedule BP) (enter 3i nil if loss) Profit and gains from speculative business (3(ii) of Table E of Schedule BP) (enter nil if loss and take the figure to schedule 3ii CFL) Profit and gains from specified business ( 3(iii) of Table E of Schedule BP) (enter nil if loss and take the figure to schedule 3iii CFL) 1 2 liv Income chargeable to tax at special rates (3e, 3f & 3g of Schedule BP) 3iv V Total (3i3ii+ 3iii + 3iv) (enter nil if 3v is a loss) 3v 4 Capital gains la b i lii Short-term Short-term chargeable @ 15% (9ii of item E of schedule CG) ai Short-term chargeable @ 30% (9iii of item E of schedule CG) aii iii liv V aiii Short-term chargeable at special rates in India as per aiv DTAA (9v of item E of Schedule CG) Total Short-term (ai + aii + aiii + aiv) (enter nil if loss) 4av Long-term S....
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....hort-term chargeable at applicable rate (9iv of item E of schedule CG) Long-term chargeable @ 10% (9vi of item E of schedule CG) bi ii Long-term chargeable @ 20% (9vii of item E of schedule CG) bii iii Long-term chargeable at special rates in India as per DTAA (9viii of item E of schedule CG) biii iv Total Long-term (bi + bii+biii) (enter nil if loss) 4biv C Sum of Short-term/Long-term capital gains (4av+4biv) (enter nil if loss) 4c d Capital gain chargeable @ 30% u/s 115BBH (C2 of schedule CG) 4d le Total capital gains (4c+ 4d) 4e 5 Income from other sources a Net income from other sources chargeable to tax at normal applicable rates (6 of Schedule OS) (enter nil if loss) 5a lb Income chargeable to tax at special rates (2 of Schedule OS) 5b COMPUTATION OF TAX LIABILITY [à¤à¤¾à¤— II —–खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण C Income from the activity of owning and maintaining race 5c horses (8e of Schedule OS) (enter nil if loss) d Total (5a+5b+ 5c) (enter nil if loss) 5d 6 Total of head wise income (....
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....1+2+3v+4e +5d) 6 7 Losses of current year to be set off against 6 (total of 2xvii, 3xvii and 4xvii of Schedule CYLA) 7 8 Balance after set off current year losses (6-7) (total of serial number (ii) to (xv) column 5 o Schedule CYLA+5b+3iv) 18 9 Brought forward losses to be set off against 8 (total of 2xvi, 3xvi and 4xvi of Schedule BFLA) 19 10 Gross Total income (8-9) (also total of serial no (i) to (xiv) of column 5 of Schedule BFLA+ 5b+ 3iv)10 11 Income chargeable to tax at special rate under section 111A, 112, 112A etc. included in 10 12 Deductions under Chapter VI-A 11 a Part-B, CA and D of Chapter VI-A [(1 + 3) of Schedule VI-A and limited upto (total of i, ii, iii, iv, v viii, xiii, xiv) of column 5 of BFLA] 12a b Part-C of Chapter VI-A [(2 of Schedule VI-A] 12b C Total (12a+12b) [limited upto (10-11)] 12c 13 Deduction u/s 10AA (c of Sch. 10AA) 13 14 Total income (10 - 12c - 13) 14 15 Income which is included in 14 and chargeable to tax at special rates (total of (i) of schedule SI) 15 16 Net agricultural income/ any other income for rate purpose (2v of Schedule EI) 16 17 Aggregate income (14-15+16)[applicable if (14-15) exceeds maximum am....
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....ount not chargeable to tax] 17 18 Losses of current year to be carried forward (total of row xvi of Schedule CFL) 18 19 Deemed income under section 115JC (3 of Schedule AMT) 19 Part B TTI Computation of tax liability on total income 1 a b Tax payable on deemed total income under section 115JC (4 of Schedule AMT) Surcharge on (a) (if applicable) 1a 1b C Health and Education Cess @ 4% on (1a+1b) above 1c d Total Tax Payable on deemed total income (1a+1b+1c) 1d 2 Tax payable on total income la Tax at normal rates on 17 of Part B-TI 2a b Tax at special rates (total /of col. (ii) of Schedule-SI) 2b C Rebate on agricultural income [applicable if (14-15) of Part B2c TI exceeds maximum amount not chargeable to tax] d Tax Payable on Total Income (2a + 2b - 2c) e Rebate under section 87A f Tax payable after rebate (2d - 2e) g Surcharge li @ 25% of 17(ii) of Schedule SI ii @10% or 15%, as applicable (Refer Instructions) 2gii 2d 2e 2f Surcharge Surcharge computed befor marginal relief marginal relief after 2gi па iia iii On [(2f). - 17(ii) of Schedule SI- tax on incom 2giii referred in 2G(ii)above)]] iv Total (ia + iia) 2giv ....
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....H Health and Education Cess @ 4% on (2F + 2Giii) 2H I Gross tax liability (2F+ 2Giv + 2H) 21 3 Gross tax payable (higher of 1d and 21) (3a+3b) 3 За Tax on income without including income on perquisites referred in section 17(2)(vi) received from employer, being an eligible start-up referred to in section 80-IAC (Schedule Salary) (3-3b) За 3b Tax deferred - relatable to income on perquisites referred in section 17(2)(vi) received from employer, 3b being an eligible start-up referred to in section 80-IAC 312 ii. B 313 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(i)] Ð’Ñ 4 Tax deferred from earlier years but payable during current AY (total of col 7 of schedule Tax deferred on 3c ESOP) Credit under section 115JD of tax paid in earlier years (applicable if 21 is more than 1d) (5 of 4 Schedule AMTC) 5 Tax payable after credit under section 115JD (3a +3c - 4) 5 6 Tax relief a Section 89 (Please ensure to submit Form 10E to claim this relief) 6a b Section 90/ 90A (2 of Schedule TR) C Section 91 (3 of Schedule TR) 6b 6c d Total (6a6b+ 6c) 7 Net tax liability (5-6d) (enter zero if negative) 6d 17 8 Interest and fee....
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.... payable a Interest for default in furnishing the return (section 234A) 8a b Interest for default in payment of advance tax (section 234B) 8b C Interest for deferment of advance tax (section 234C) 8c d Fee for default in furnishing return of income (section 234F) 8d e Total Interest and Fee Payable (8a+8b+8c+8d) 8e 9 10 a Aggregate liability (7+8e) Taxes Paid Advance Tax (from column 5 of 17A) 19 10a b C TDS (total of column 5 of 18B and column 9 of 17C) TCS (column 7(i) of17D) 10b 10c d Self-Assessment Tax (from column 5 of 17A) 10d e Total Taxes Paid (10a+10b+10c+10d) 11 Amount payable (Enter if 9 is greater than 10e, else enter 0) 12 Refund (If 10e is greater than 9) (Refund, if any, will be directly credited into the bank account) 10e 11 12 13 Do you have a bank account in India (Non- Residents claiming refund with no bank account in India may select Select Yes or No No) i. a) Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) SI. IFS Code of the Bank in case of Bank Name of the Bank Accounts held in India () Account Number Indicate the account in which you prefer to get your....
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.... refund credited, if any (tick one account ☑) TAXES PAID I li Note: 1) Minimum one account should be selected for refund credit 2) In case of refund, multiple accounts are selected for refund credit, then refund will be credited to one of the account decided by CPC after processing the return Rows can be added as required b) Non-residents, who are claiming income-tax refund and not having bank account in India may, at their option, furnish the details of one foreign bank account: Sl. No. 1 SWIFT Code Name of the Bank Country of Location 14 Do you at any time during the previous year,- (i) hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India; or (ii) have signing authority in any account located outside India; or (iii) have income from any source outside India? [applicable only in case of a resident] [Ensure Schedule FA is filled up if the answer is Yes] 15 If the return has been prepared by a Tax Return Preparer (TRP) give further details below: IBAN ☠Yes ☠No TCS D TDS ON SALARY [à¤à¤¾à¤— II —–खणà¥à¤¡ 3 (i)] Iden....
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....tification No. of TRP Name of TRP à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Counter Signature of TRP If TRP is entitled for any reimbursement from the Government, amount thereof 17 TAX PAYMENTS A Details of payments of Advance Tax and Self-Assessment Tax SI No BSR Code Date of Deposit (DD/MM/YYYY) (1) (2) |(3) ADVANCE/ ASSESSMENT TAX SELF |I II lii 16 Serial Number of Challan Amount (Rs) (4) (5) NOTE Enter the totals of Advance tax and Self-Assessment tax in Sl. No. 10a and 10d of Part B-TTI Details of Tax Deducted at Source from Salary [As per Form 16 issued by Employer(s)] Sl No Tax Deduction Account Name of the Employer Number (TAN) Employer of the (1) |(2) |(3) NOTE‣ Please enter total of column 5 in 10b of Part B-TTI Income Salaries chargeable under Total tax deducted (4) (5) C Details of Tax Deducted at Source (TDS) on Income [As per Form No. 16 A issued or Form No. 16B/16C /16D/16E furnished by Deductor(s) ] SI TDS credit PAN/Aad TAN of Unclaimed No relating to haar No. the TDS TDS of the current Financial TDS credit being claimed this ....
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....Year Corresponding brought forward Year (TDS Deducted during (only if corresponding income is being Receipt/withdrawals the FY 2022-23) offered for tax this year, not applicable offered if TDS is deducted u/s 194N) self /other of Other Deductor/ (b/f) person Person (if PAN/ Aadhaar [spouse as TDS No. of related to Tenant/ Buyer per section credit 5A/other person as per other rule 37BA(2)] person) TDS credit being carried forward per 37BA(2) applicable) Fin. Year TDS in which b/f deducted Deducted Deducted in the Claimed in Gross in own hands of spouse as own hands hands per section 5A or any other person as rule (if Claimed in the hands of Amount spouse as per section Head Income of 5A or any other person as per rule 37BA(2) (if applicable) (1) (2) (3) (4) (5) (6) (7) (8) |(9) |(10) |(11) (12) (13) Income TDS Income TDS PAN/ Aadha ar No. NOTE â–¶Please enter total of column 9 in10b of Part B- TTI Details of Tax Collected at Source (TCS) [As per Form No. 27D issued by the Collector(s)] SI. TCS credit Tax Deduction and Tax PAN of other Unclaimed TCS No. relating to self Collection brought TCS of the current TCS fin. ....
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....Year credit claimed this Year being TCS credit being carried forward to Fin. Year in Amount b/f in Account Person (if forward (b/f) /other person Number of the Collector TCS credit related [spouse as per section 5A/ other person as Collected Collected in own 314 315 per 37i(1)] rule THE GAZETTE OF INDIA: EXTRAORDINARY other person) which collected hands the hands of spouse as per section [PART II-SEC. 3(i)] Claimed in the hands of 5A or any Claimed spouse as per section 5A or other in own person as hands any other per rule 37i(1) (if applicable) person as per rule 37i(1) (if applicable) (1) 2(i) (2)(ii) (3) (4) (5) 6(i) (6)(ii) 7(i) (7)(ii) (8) TCS PAN VERIFICATION NOTE Please enter total of column (7)(i) in 10c of Part B-TTI I, son/daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return and schedules thereto is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making returns in my capacity as return and verify it. I am holding permanent account number (drop down to be provided) and I am also c....
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....ompetent to make this _(if allotted) (Please see instruction). I further declare that the critical assumptions specified in the agreement have been satisfied and all the terms and conditions of the agreement have been complied with. (Applicable in a case where return is furnished under section 92CD) Date Place Sign here → Document 4 FORM ITR-4 SUGAM INDIAN INCOME TAX RETURN [For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE,] [Not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP or has agricultural income more than Rs.5000] (Please refer instructions for eligibility) Assessment Year 2024-25 PART A GENERAL INFORMATION (A1) First Name (A2) Middle Name (A5) Date of Birth/Formation (DD/MM/YYYY) (A7) Name of Premises/ Building/ Village (A10) Town/City/District (A3) Last Name (A11) State (A8) Road/Street/Post Office (A12) Country (A14) Aadhaar Number (12 digits)/ Aadhaar Enrolment Id (28 digits) (if eligible for Aadhaar ....
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....No.) (A4) Permanent Account Number (A6) Flat/Door/Block No. (A9) Area/Locality (A13) PIN Code/ZIP Code (A15) Status Individual ■HUF □ Firm (other than LLP) (A16) Residential/Office Phone Number with STD code/ Mobile No.1 (A17) Mobile No. 2 (A18) Email Address-1 (self) Email Address -2 (A19) Nature of employment -☠Central Govt. ☠State Govt. ☠Public Sector Undertaking ☠Pensioners-CG ☠Pensioners-SG □ Pensioners-PSU □ Pensioners- Others ☠Others ☠Not Applicable (e.g. Family Pension etc.) (A20)(a) Filed u/s (Tick) [Please see instruction]- (b) Or Filed in response to notice u/s 139(1)-On or before due date, ☠139(4)-After due date, ☠139(5)- Revised Return, ■119(2)(b)- After Condonation of delay (A21) If revised/defective then enter Receipt No. and Date of filing of original return (DD/MM/YYYY) 139(9) 142(1) ☠148 ☠153C (A22) If filed in response to notice u/s 139(9) /142(1)/148/153C or order u/s 119(2)(b)- enter Unique Number/ Document Identification Number (DIN) & Date of such Notice or Order (A23) Have you exercised the option u/s 115BAC(6) of Opting out of new tax ....
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....regime? (default is "No") ☠No ☠Yes, within the due date Yes, but beyond the due date (If option other than 'No' is selected, please furnish date of filing and Acknowledgement number of form 10-IEA) Note-For Opting out, option should be exercised on or before the due date for filing return u/s 139(1) (A24) Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income? (Not applicable in case of firm) - (Tick) □ Yes No If yes, please furnish following information as provided in e-filing utility [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)] (i) Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more current account during the previous year? (Yes/No) (ii) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/ No) (iii) Have you incurred expenditure of amount or aggregate of amou....
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....nt exceeding Rs. 1 lakh on consumption of electricity during the previous year? (Yes/No) Amount (Rs) (If Yes) Amount (Rs) (If Yes) Amount (Rs) (If Yes) (iv) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso to section 139(1) (If yes, please select the relevant condition from the drop-down menu) (Tick) Yes ☠No (A25) Whether this return is being filed by a representative assessee? (Tick) ☑ If yes, please furnish following information - ☠Yes ☠No (1) Name of the representative (2) Capacity of the representative (3) Address of the representative (4) Permanent Account Number (PAN)/ Aadhaar No. of the representative PART B GROSS TOTAL INCOME B1 Income from Business & Profession (NOTE-Enter value from E8 of Schedule BP) B2 i Gross Salary (ia+ib+ic+id+ie)_ a Salary as per section 17(1) b Value of perquisites as per section 17(2) c Profit in lieu of salary as per section 17(3) Whole- Rupee(*) only B1 i ia ib ic SALARY / PENSION d Income from retirement benefit account maintained in a notified country u/s 89A (country drop down will be provided in e-filing utility) id e Income fr....
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....om retirement benefit account maintained in a country other than notified country u/s 89A ie ii Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) [Ensure that it is included in salary income u/s 17(1)/17(2)/17(3)] ii ܂ iia Less: Income claimed for relief from taxation u/s 89A iii Net Salary (i-ii-iia) iia iii iv iv Deductions u/s 16 (iva + ivb+ive) a Standard deduction u/s 16(ia) b Entertainment allowance u/s 16(ii) c Professional tax u/s 16(iii) V Income chargeable under the head ‘Salaries' (iii – iv) (NOTE- Ensure to Fill "Sch TDS1") B3 Tick applicable option Self Occupied ☠Let Out ☠Deemed Let Out □ HOUSE PROPERTY i Gross rent received/receivable/lettable value during the year ii Tax paid to local authorities iii Annual Value (i - ii) iv 30% of Annual Value v Interest payable on borrowed capital vi Arrears/Unrealized Rent received during the year Less 30% Income chargeable under the head ‘House Property' (iii - iv – v) + vi iva ivb ivc B2 i ii iii iv V vi vii (If loss, put the figure in negative) Note:-Maximum loss from house property that can be set-off....
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.... is INR 2, |00,000. To avail the benefit of carry forward and set of loss, please use ITR -3/5. B3 Income from Other Sources drop down like interest from saving account, deposit etc. to be provided in e- B4 B4 filing utility specifying nature of income and in case of dividend and Income from retirement benefit account maintained in a notified country u/s 89A, please mention quarterly breakup for allowing applicable relief from section 234C NOTE-Fill "Sch TDS2†if applicable. Less: Deduction u/s 57(iia) (in case of family pension only) Less: Income claimed for relief from taxation u/s 89A B5 Gross Total Income (B1+B2+B3+B4) To avail the benefit of carry forward and set of loss, please use ITR -3/5. B5 PART C–DEDUCTIONS AND TAXABLE TOTAL INCOME (Refer to instructions for Deductions limits as per Income-tax Act) C1 C4 80C 80CCD (1B) C2 C5 80CCC 80CCD (2) C3 C6 80CCD (1) 80D Details to be filled in drop down to be provided in e- filing utility C7 80DD Details to be filled in drop C8 80DDB Details to be filled in drop C9 80E down to be down to be provided in e- provided in filing utility e-filing utility C10 80EE C11 80....
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....EEA C12 80EEB C13 80G Details to be C14 80GG C15 80GGC filled in drop (Details are to be down to be C16 80TTA provided in e- filing utility C17 80TTB C18 filled in the drop down to be provided in e-filing utility) 80U Details to be filled in the drop down to be provided in e- C18a 80CCH C19 C18b Any Other deduction as per the e-filing utility Total deductions (Add items C1 to C18b) Taxable Total Income (B5 - C19) C20 filing utility C19 C20 PART D - TAX COMPUTATIONS AND TAX STATUS D1 Tax payable on total income (C20) D2 Rebate on 87A D3 Tax payable after Rebate (D1-D2) D4 Health and Education Cess @ 4% on (D3) D1 D2 D3 D4 D5 Total Tax, and Cess (D3+D4) D5 D6 Relief u/s 89 (Please ensure to submit Form 10E to claim this relief) D7 Balance Tax after Relief (D5 - D6) D8 Total Interest u/s 234A D9 Total Interest u/s 234B D10 Total Interest u/s 234C D11 Fee u/s 234F D12 Total Tax, Fee and Interest (D7+ D8 + D9 + D10 + D11) D6 D7 D8 D9 D10 D11 D12 D13 Total Advance Tax Paid D13 D14 Total Self-Assessment Tax Paid D14 D15 Total TDS Claimed (total of column 4 of Schedule-TDS1 and, column 6 of Schedule-TDS2) D15 D16 To....
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....tal TCS Collected (total of column (5) of Schedule-TCS) D16 D17 Total Taxes Paid (D13+ D14 + D15 + D16) D18 Amount payable (D12 – D17, If D12 > D17) D19 Refund (D17 – D12, If D17 > D12) - D20 Exempt income only for reporting purposes (If agricultural income is more than Rs.5,000/-, use ITR 3/5) (Drop down to be provided in e-filing utility mentioning nature of exempt income, relevant clause and section) BANK ACCOUNT D21 Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) SI. IFS Code of Type of bank account (Dropdown to be Select Account for Refund the Bank i Name of the Bank Account Number D17 D18 D19 D20 provided by E-filing utility) Credit ii 1. Minimum one account should be selected for refund credit. 2. In case of Refund, multiple accounts are selected for refund credit, then refund will be credited to one of the account decided by CPC after processing the return SCHEDULE BP – DETAILS OF INCOME FROM BUSINESS OR PROFESSION COMPUTATION OF PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD S. No. (i) Name of Business Business code E1 Gross Turnover or Gross Receipts (E1 l....
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....imited to Rs.2 Crores, however if E1b is less than or equal to 5% of E1 then the limit under E1 is extended to Rs.3 Crores.) Description a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received or prescribed electronic modes received before specified date Ela b Receipts in Cash Elb Ñ Any mode other than a and b Elc E2 Presumptive Income under section 44AD a 6% of Ela or the amount claimed to have been earned, whichever is higher E2a b 8% of (E1b+E1c) or the amount claimed to have been earned, whichever is higher E2b Ñ Total (a + b) E2c NOTE If Income is less than the above percentage of Gross Receipts, it is mandatory to have a tax audit under 44AB & other ITR as applicable has to be filed S. No. COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA Name of Business Business code Description (i) E3 Gross Receipts (E3 limited to Rs.50 Lakhs, however if E3b is less than or equal to 5% of E3 then limit under E3 is extended to Rs.75 Lakhs.) E3 a b Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received or prescribed electronic modes received before spe....
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....cified date Receipts in Cash E3a E3b Ñ Any mode other than a and b E3c E4 Presumptive Income under section 44ADA (50% of E3) or the amount claimed to have been earned, whichever is higher NOTE-If Income is less than 50% of Gross Receipts, it is mandatory to have a tax audit under 44AB & other ITR as applicable has to be filed COMPUTATION OF PRESUMPTIVE INCOME FROM GOODS CARRIAGES UNDER SECTION 44AE Name of Business S. Business code E4 Description No. (i) Registration No. of goods carriage Whether owned/leased/ hired Tonnage capacity of goods carriage (in MT) (i) (1) (a) (3) Number of months for which goods carriage was owned/ leased/hired by assessee (4) Presumptive income u/s 44AE for the goods carriage (Computed @ Rs.1000 per ton per month in case tonnage exceeds 12MT, or else @ Rs.7500 per month) or the amount claimed to have been actually earned, whichever is higher (5) (b) Add row options as necessary (At any time during the year the number of vehicles should not exceed 10 vehicles) E5 Presumptive Income from Goods Carriage under section 44AE [total of column (5)] NOTE-If the profits are lower than prescribed under S.44AE or ....
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....the number of Vehicles owned at any time exceed 10 then other ITR, as applicable, has to be filed E5 E6 Salary and interest paid to the partners E6 NOTE - This is to be filled up only by firms E7 Presumptive Income u/s 44AE (E5-E6) E8 Income chargeable under the head ‘Business or Profession' (E2c+E4+E7) E7 E8 INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST Note - Please furnish the information below for each GSTIN No. separately E9 GSTIN No(s). E10 Annual value of outward supplies as per the GST returns filed FINANCIAL PARTICULARS OF THE BUSINESS Note For E11 to E25 furnish the information as on 31st day of March, 2024 E9 E10 E11 Partners/Members own capital E12 Secured loans E13 Unsecured loans E14 Advances E11 E12 E13 E14 E15 Sundry creditors E15 E16 Other liabilities E16 E17 Total capital and liabilities (E11+E12+E13+E14+E15+E16) E17 E18 Fixed assets E18 E19 Inventories E19 E20 Sundry debtors E20 E21 Balance with banks E21 E22 Cash-in-hand E22 E23 Loans and advances E23 E24 Other assets E24 E25 Total assets (E18+E19+E20+E21+E22+E23+E24) E25 NOTE Please refer to instructions for filling out this ....
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....schedule (E15, E19, E20, E22 are mandatory and others if available) SCHEDULE IT DETAILS OF ADVANCE TAX AND SELF ASSESSMENT TAX PAYMENTS R1 R2 R3 NOTE BSR Code Col (1) Date of Deposit (DD/MM/YYYY) Col (2) Enter the totals of Advance tax and Self-Assessment tax in D13 & D14 Challan No. Col (3) Tax paid Col (4) Schedule TCS Details of Tax Collected at Source [As per Form 27D issued by the Collector(s)] Name of the Collector Details of amount paid as mentioned in Form 26AS Tax Collected Col (2) Col (3) Col (4) Amount out of (4) being claimed Col (5) SI Tax Collection Account No Number of the Collector (1) Col (1) I li NOTE Please enter total of column (5) of Schedule-TCS in D16 SCHEDULE TDS-1 DETAILS OF TAX DEDUCTED AT SOURCE FROM SALARY [As per Form 16 issued by Employer(s)] ΤΑΠCol (1) S1 S2 Name of the Employer Col (2) Income under Salary Col (3) S3 NOTE➤ Enter the total of column 4 of Schedule-TDS1 and column 6 of Schedule-TDS2 in D15 Tax deducted Col (4) SCHEDULE TDS-2 DETAILS OF TAX DEDUCTED AT SOURCE ON INCOME OTHER THAN SALARY [As per Form 16 A issued or Form 16C or Form 16D furnished by Deductor(s)] Sl. No.....
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.... TAN of the Deductor/ PAN/ Aadhaar No. of Tenant Unclaimed TDS brought forward (b/f) TDS of the current Fin. Year TDS credit being claimed this Year (only if corresponding receipt is being offered for tax this year, not applicable if TDS is deducted u/s 194N) TDS Claimed Corresponding Receipt/ TDS credit being withdrawals offered carried forward Fin. Year in which deducted TDS b/f TDS Deducted (1) (2) (3) (4) (5) i ii Gross Amount Head of Income (6) (7) (8) (9) NOTE Enter the total of column 6 of Schedule TDS2 and column 4 of Schedule-TDS1 in D15 I, VERIFICATION _son/ daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making returns in my capacity as (drop down to be provided in e-filing utility) and I am also competent to make this return and verify it. I am holding permanent account number (Please see instruction) Place: Signature here → Date: If the return has been prepared by a Tax Return Preparer (TRP) give further details as below: TRP PIN....
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.... (10 Digit) Amount to be paid to Name Counter Signature of TRP of TRP TRP Document 5 FORM ITR-V Name PAN Filed u/s INDIAN INCOME TAX RETURN VERIFICATION FORM [Where the data of the Return of Income in Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4), ITR-5, ITR-7 filed but NOT verified electronically] (See rule 12) VERIFICATION I, _son/ daughter of Form Number e-Filing Acknowledgement Number Assessment Year 2023-24 solemnly declare that to the best of my knowledge and belief, the information given in the return which has been submitted by me vide acknowledgement number is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making this return in my capacity as to make this return and verify it. I am holding permanent account number and I am also competent Signature Date of submission System Generated Barcode/QR Code Source IP address Instructions: 1. Please e- verify the electronically transmitted return data using Aadhaar OTP or Login to e-Filing account through Net-Banking login or EVC generated using Pre-Validated Bank Account/ Demat Account or EVC generated through Bank ATM. A....
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....lternately, you may send the duly signed (preferably in blue ink) Form ITR- V to "Centralized Processing Centre, Income Tax Department, Bengaluru 560500â€, by SPEED POST ONLY. Form ITR-V shall not be received in any other office of the Income-tax Department or in any other manner. 2. [à¤à¤¾à¤— II-खणà¥à¤¡ 3 (i)] 3. à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 456 The confirmation of receipt of this Form ITR-V at ITD-CPC will be sent to the e-mail Id registered in the e- Filing account. On successful verification, the return filing acknowledgement can be downloaded from e-Filing portal as a proof of completion of process of filing the return of Income 4. Please sign only in the box provided for signature. Signature anywhere else other than the box provided can render the ITR-V invalid. "Please note that if the ITR-V is received beyond the time specified, from the date of uploading the data, the date of receipt of ITR-V will be taken as the date of filing of return and all provisions of the Act will apply accordingly."<br> Scholarly articles for knowledg....
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