AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Income-tax (Third Amendment) Rules, 2024 - New ITR form - Form ITR-7
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...."FORM ITR-7 INDIAN INCOME TAX RETURN [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only] (Please see rule 12 of the Income-tax Rules, 1962) (Please refer instructions for guidance) Assessment Year 2024-25 Part A-GEN (A1) Name (as mentioned in deed of creation/ establishing/ incorporation/ formation) (A2) PAN (A4) Flat/Door/Block No (A6) Road/Street/Post Office (A8) Town/City/District (A13) Office Phone Number with STD code/Mobile No. 1 (A16) Email Address 2 (A17) (i) Return furnished under section (A5) Name of Premises/Building/Village (A3) Date of formation/incorporation (DD/MM/YYYY) (A7) Area/Locality (A11) Status (A12) Sub Status (A9) State (A10) Pin code/Zip code (see instructions) (see instructions) (A14) Mobile No. 2 (A15) Email Address 1 139(4A) 139(4B) 139(4C) 139(4D) (ii) Please specify the section under which the exemption is claimed (dropdown to be provided) (A18) Whether any project/institution is run by the assessee? (Yes/No) If Yes, then please furnish the details: Details of the projects/institutions run by you Sl. Name of the project/institution Nature of activity (see instruction) Classification ....
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....unt Number (PAN)/Aadhaar No. of the representative (g) Whether you are Partner in a firm? (Tick) ☑☠Yes ☠No If yes, please furnish following information Name of Firm PAN (h) Legal Entity Identifier (LEI) details (mandatory if refund is 50 crores or more): LEI Number Valid upto date (DD/MM/YYYY) OTHER DETAILS (A23) i ii (A22) 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 Opening balance (Tick) Yes ☠No Shares acquired during the year Shares transferred during the year Closing balance Issu e pric Purchase Name of Туре of the e price per PA Face per share (in No. No. Date of No. No. comp comp N Cost of value shar case of Sale Cost of of of subscrip of of any any acquisi per e (in purchase considera acquisi sha sha tion / shar shar tion shar case from tion tion res res purchase es es ༈ e of existing fres sharehol h der) issu e) la 1b 2 3 4 5 6 7 9 10 11 12 13 Where, in any of the projects/institutions run by you, one of the charitable purposes is advancement of any other object of general public utility then- a i Whether there is any acti....
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....der which you are liable for audit (specify section). Please mention date of audit report. (DD/MM/YY) a Name of the auditor signing the tax audit report b Membership No. of the auditor Ñ Name of the auditor (proprietorship/ firm) d Permanent Account Number (PAN)/Aadhaar No. of the proprietorship/ firm e Date of audit report f Date of furnishing of the audit report (DD/MM/YYYY) g Acknowledgement number of the audit report h Unique Document Identification Number (UDIN) (A28) (i) 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 (DD/MM/YY) Act and section (DD/MM/YY) MEMBER'S INFORMATION Ꭰ(A i. Particulars of persons who were members in the AOP on 31st day of March, 2024 (to be filled by venture capital fund/ 29) investment fund) Name and Address PAN Sl. No Percentage of share (if determinate) Aadhaar Number/ Enrolment Id (if eligible for Aadhaar) (1) (2) (3) (4) (5) Status (6) ii Particulars regarding the Author(s)/ Founder(s)/ Trustee(s) / Manager(s), etc., of the Trust or Institution [to be mandatorily filled in by all persons filing ITR-7] A Details of all the Author (s)/ Founde....
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....n registered u/s 12AB or approved under sub-clauses (iv)/(v)/(vi)/(via) of clause (23C) of section 10 (if applicable) (10) Balance amount available for application (11) 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total = (7-8-9-10) Amount invested or deposited in the modes specified in section 11(5) out of 11 (12) or Amount invested deposited in the modes other than specified in section 11(5) out of 11 (if applicable) Amount which is not utilized during the period accumulation (if applicable) of Amount to be deemed income within meaning of sub-section (3) of section 11 (if applicable) (13) (14) (15) = (9+10+13+14) Schedule IA FY Details of accumulated income taxed in earlier assessment years as per section 11(3) Assessment year in which the amount referred at Col 6 of Schedule I was taxed (Figures in Rs.) Year of accumulation (F.Yr.) 2020-21 2021-22 2022-23 2023-24 Total (A) (B) (C) (D) (E) (A+B+C+D) 2018-19 2019-20 2020-21 2021-22 Total Schedule D Details of deemed application of income under clause (2) of Explanation 1 to sub-section (1) of section 11. Year in Amount Reason of Out of the which deemed deeming income is to be application deemed to applied be applied (F.Yr.) dur....
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....= (7) (1+2+5- 3) (8) (9) (10) = (7-8- 9) A 2 Details of loan and borrowings Opening Balance As on 01.04.2023 Loan & Borrowings taken for applications towards objectives during the year Applied for the objects of the trust or institution during the year Amount of repayment of loan or borrowing during the year (which was earlier applied and not claimed as application) where application from any loan or borrowing Financial year in which (4) was applied earlier Total Repayment of loan or borrowing during the year Closing Balance as on 31.03.2024 is made on or after 01.04.2021. (1) (2) (3) (4) (5) (6) (7) =(1+2-6) B Details of corpus investment/deposits made under section 11(5) as on 31.03.2024 Sl. No Investment out of Mode of investment as per section 11(5) Amount of investment (1) (2) (3) (4) i Corpus representing donation donations ii received for the renovation or repair of places notified u/s 80G(2)(b) on or after 01.04.2020 Corpus other than (i) above received on or after 01.04.2021 Dropdown to be provided (Please specify the nature) iii Other than (i) and (ii) above C iv TOTAL Investment held at any time during the previous year (s) in concern (s) in which persons referred to in ....
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....d Assets (1a-1b) 2 Investments 3 Current assets, loans and advances a Current assets i Inventories ii Sundry Debtors iii Cash and bank balances A Balance with banks i ii 1fiii 1g a b 2c 3 4 I ii iiiA B Cash-in-hand iiiB C Others iiiC D Total Cash and cash equivalents (iiiA + iiiB + iiiC) iiiD iv Other Current Assets iv V Total current assets (i +ii + iiiD + iv) av B b Loans and advances c Total (av + b) d Current liabilities and provisions i Current liabilities A Sundry Creditors A B Other payables B C Total (A+B) iC ii Provisions ii diii iii Total (iC + ii) la 1b 1c 2 e Net Current Assets (3c - 3diii) 3e 4 Accumulated balance/ Any other reserve (deficit) 4 ☠5 ☠Total, application of funds (1+2+3+4) 5 ☠6☠Out of 5, Investment made in modes specified u/s 11(5) 6 7 Out of 5, Investment made in modes other than specified u/s 11(5) 7 Schedule R Reconciliation of Corpus of Schedule J and Balance sheet Particulars Corpus out of the donations received for renovation or repair of places notified u/s 80G(2)(b) on or after 01.04.2020 A. Closing balance as on 31.03.2024 as per Schedule J B. Reasons of difference (+/-) (Bi+Bii+Biii) i) Purchase of fixed asset ii) Deprecia....
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....butions received upto Rs. 2,000 other than in cash during the F.Y. 7cii d Aggregate value of all the voluntary contributions received more than Rs. 20,000/- during the F.Y. 7d ☠Yes ☠No Schedule ET 1 Electoral Trust Whether books of account were maintained? (tick as applicable ☑) ☠Yes ☠No 2 Whether record of each voluntary contribution (including name, address and PAN of the person who has made such contribution along with the mode of contribution) were maintained? (tick as applicable ☑) ☠Yes ☠No 3 Whether record of each eligible political party to whom the distributable contributions have been distributed (including name, address, PAN and registration number of eligible political party) was maintained? (tick as applicable ☑) ☠Yes 4 ELECTORAL TRUST 5 10 Whether the accounts have been audited as per rule 17CA(12)? (tick as applicable ✓) If yes, date of audit report in Form No.10BC (DD/MM/YYYY) Whether the report as per rule 17CA(14) furnished to the Commissioner of Income-tax or Director of Income-tax?(tick as applicable ☑) ☠Yes ☠☠☠No ☠No ☠Yes ☠No 6 i Details of voluntary....
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....v) or 10(23C)(v) or 10(23C)(vi) or 10(23C)(via)] Schedule AI 1 Receipts from main objects 2 Receipts from incidental objects 3 45 AGGREGATE OF INCOME 6 789 Rent Commission Dividend income Interest income Agriculture income Net consideration on transfer of capital asset Any other income (specify nature and amount) Nature a Pass through income/Loss (Fill schedule PTI) a b b C Ñ d d e Total (9a+ 9b+ 9c +9d) e 10 Total (1+ 2+ 3+ 4+ 5+ 6+ 8+ 9) Amount 1 2 3 4 10 5 6 7 8 9e 10 Schedule A A Amount applied to stated objects of the trust/institution during the previous year from all sources referred to in C1 to C7 of this table- [to be filled by assessee claiming exemption u/s 11 and 12 or u/s 10(23C)(iv) or 10(23C)(v) or 10(23C)(vi) or 10(23C)(via)] Application towards the stated objects of the trust/institution Amount Revenue Capital Total 1 Donation(s) made to trust or institution(s) registered u/s 12AB or approved u/s 10(23C)(iv)/(v)/(vi)/(via)- Other than Corpus (100% of donations made need to be entered here) 1 la 85% of the donation(s) made to trust or institution(s) registered u/s 12AB or approved u/s 10(23C)(iv)/(v)/(vi)/(via)- Other than Corpus la 2 Religious 3 Relief of poor 2....
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....pplication (G=D-E+F) F G Schedule IE-1 Income & Expenditure statement [Applicable for assessees claiming exemption under sections 10(21), 10(23AAA), 10(23B), 10(23D), 10(23DA), 10(23EC), 10(23ED), 10(23EE), 10(23FB), 10(29A), 10(46), 10(46A), 10(46B), 10(47) {Exemptions are not subject to computational or heads of income conditions} 1 Total receipts including any voluntary contribution 1 2 Application of income towards object of the institution 2 3 Accumulation of income 3 Accumulation of income Schedule IE- 1 A 2 Income & Expenditure statement [Applicable for assessee claiming exemption under sections 10(23A), 10(24)] {Where certain heads of income only are taxable and other receipts reported in Row A below are exempt} Total receipts including any voluntary contribution (Excluding receipts falling under taxable heads to be reported as per Row B) 2 Application of income towards object of the institution 3 1 2 3 1 Do you have any income which is taxable? If Yes Please provide details (Tick )✓ ☠Yes Î ÎΟ B 1 ☠Yes a Income from House Property? (If yes, Please fill Schedule HP) a â–¡ No 1 ☠Yes b Income from Business or Profession (If yes, Please fill....
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....rest payable on borrowed capital h Total (1f+1g) i le 1f 1g Arrears/Unrealised rent received during the year less 30% j Income from house property 1 (le – 1h + 1i) (fill up details separately for each property) 2 Pass through income/Loss if any * 1h li 1j 2 Income under the head "Income from house property†(1j +2) 3 3 (if negative take the figure to 2i of schedule CYLA) NOTE▶ 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 CG Capital Gains A Short-term Capital Gains (STCG) (Sub-items 4 & 5 are not applicable for residents) From sale of land or building or both (fill up details separately for each property) (in case of co-ownership, enter your share of capital gain) Date of purchase/ acquisition DD/MM/YYYY Date of sale/transfer DD/MM/YYYY CAPITAL GAINS Short-term Capital Gains a i Full value of consideration received/receivable ii Value of property as per stamp valuation authority ai 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), ta....
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....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 unquoted shares ia b Fair market value of unquoted shares determined in the prescribed ib manner Ñ 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 (icii) aiii 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 (i+ii + iii) biv - 5c c Balance (5aiii – biv) Loss to be disallowed u/s 94(7) or 94(8)- for example if security bought/acquired within 3 d 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) e Short-term capital gain on securities (other than those at A3 above) by an FII (5c +5d) 6 From sale of assets other than at A1 or A2 or A3 or A4 or A5 above 5d a ....
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....A8b Ñ Pass Through Income/Loss in the nature of Short Term Capital Gain, chargeable at applicable rates A8c Amount of STCG included in A1 - A8 but claimed as not chargeable to tax or chargeable at special rates in India as per DTAA Sl. No. Amount of income Item No. A1 to A8 above in which included Country name & Code Article of DTAA Rate as per Treaty (enter NIL, if not chargeable) Whether Applicable TRC obtained (Y/N) Section of I.T. Act Rate as per I.T. Act rate [lower of (6) or (9)] (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) I II la Total amount of STCG claimed as not chargeable to tax in India as per DTAA b Total amount of STCG claimed as chargeable to tax at special rates in India as per DTAA 10 Total Short-term Capital Gain (Ale+ A2c+ A3e+ A4a+ A4b+ A5e+ A6g+A7 + A8-A9a) A7 A8 A9a A9b A10 Long-term Capital Gains DD/MM/YYYY B Long-term capital gain (LTCG) (Sub-items 6, 7&8 are not applicable for residents) 1 From sale of land or building or both (fill up details separately for each property) (in case of co-ownership, enter your share of Capital Gain) Date of purchase/ acquisition DD/MM/YYYY Date of sale/transfer a i Full value of consideration received/receivable ai ii Value ....
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....pany or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A Long-term Capital Gains on sale of capital assets at B5 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) LTCG computed without indexation benefit For NON-RESIDENTS- from sale of, (i) unlisted securities as per sec. 112(1)(c), (ii) units referred 7 in sec. 115AB, (iii) bonds or GDR as referred in sec. 115AC, (iv) securities by FII as referred to in sec. 115AD biii biv 4c 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 unquoted shares ia b Fair market value of unquoted shares determined in the prescribed ib manner Ñ 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 b Deductions under section 48 i Cost of acquisition without indexation ii Cost of impro....
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....ain, chargeable @ 10% u/s 112A B11a1 a2 Pass Through Income/Loss in the nature of Long Term Capital Gain, chargeable @ 10% under sections other than 112A B11a2 b Pass Through Income/ Loss in the nature of Long Term Capital Gain, chargeable @ 20% Amount of LTCG included in items B1 to B11 but claimed as not chargeable to tax or chargeable at special rates in India as per DTAA B11b Item Rate No. B1 SI. to B11 Amount of income No. above in which included Country name & Code Article of DTAA Rate as per Treaty (enter NIL, if not chargeable) Whether TRC obtained (Y/N) Section as Applicable rate [lower of I.T. per of (6) or Act I.T. (9)] Act (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) I II a Total amount of LTCG claimed as not chargeable to tax in India as per DTAA b Total amount of LTCG claimed as chargeable to tax at special rates in India as per DTAA 13 Total long term capital gain] [B1e + B2e + B3c + B4c + B5 + B6 + B7c + B8+ B9e+ B10+B11-B12a] C1 Sum of Capital Gain Incomes (9ii + 9iii + 9iv + 9v + 9vi + 9vii + 9viii of table E below) B12a B12b B13 C1 C2 C3 a i C2Income from transfer of Virtual Digital Assets (Item No. B of Schedule VDA) C3 Income chargeable under the head “CAPITA....
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....+ A8a*) iii capital 30% (A5e*+ A8b*) gain iv applicable rate DTAA (Ale*+ A2c+A4b*+A6g* +A7*+A8c*) A9b rates vi Long 10% term vii capital gain 20% viii DTAA rates (B4c*+ B5*+ B7c*+ B8*+ Bllal*+B11a2*) (Ble*+ B2e*+B3c*+B6*+B9e*+| B10*+ B11b*) B12b ix Total loss set off (ii + iii + iv + v + vi + vii + viii) X 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-A8) as reduced by the amount of STCG not chargeable to tax or chargeable at special rates as per DTAA, which is included therein, if any. The figures of LTCG in this table (Ble* etc.) are the amounts of LTCG computed in respective column (B1-B11) 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. F Information about accrual/receipt of capital gain S. No. Type of Capital gain / Date 1 Short-term capital gains taxable at the rate of 15% 2 Short-term capital gains taxable at the rate of 30% 3 Short-term capital gains taxable at applicable rates 4 Short-term capital gains taxable at DTAA rates 5 Long-term capital gains taxable at the rate of 10% 6 Long-term capital....
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....nt Income due to disallowance of exemption 1 under clauses of section 10 Any specified sum received by a unit holder 2 from a business trust during the previous year chargeable u/s 56(2)(xii) Rows can be added as required 2 Income chargeable at special rates (2ai + 2aii + 2b+ 2c+ 2d + 2e elements related to Sl. No. 1) ai Winnings from lotteries, crossword puzzles, races, card games, etc., chargeable u/s 115BB aii Winnings from online games chargeable u/s 115BBJ b Income chargeable u/s 115BBE (bi + bii + biii + biv+ bv + bvi) i Cash credits u/s 68 ii Unexplained investments u/s 69 iii Unexplained money etc. u/s 69A iv Undisclosed investments etc. u/s 69B v Unexplained expenditure etc. u/s 69C vi Amount borrowed or repaid on hundi u/s 69D c Any other income chargeable at special rate (total of ci to cxiv) i Dividends received by non-resident (not being a company) or a foreign company chargeable u/s 115A(1)(a)(i) other than proviso to section 115A(1)(a)(A) ci ia Dividend received by non-resident (not being a company) or a foreign company, from a unit in an International Financial Services Centre, as cia referred to in sub-section (1A) of section 80LA chargeable under proviso to 115A(1....
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....d u/s 57(i) (available income offered in 1a)- only if 3c ci Eligible Interest expenditure u/s 57(i) – computed value 3ci d Total 3d Amounts not deductible u/s 58 4 4 Profits chargeable to tax u/s 59 10 5 5 16 Net income from other sources chargeable at normal applicable rates (1 (after reducing income related to DTAA portion) - 3+ 4+ 5) (If negative take the figure to 4i of schedule CYLA) 6 Income from other sources (other than from owning race horses) (2+6) (enter 6 as nil, if negative) 7 7 Income from the activity of owning and maintaining race horses 8 a Receipts 8a b Deductions under section 57 in relation to receipts at 8a only 8b Ñ Amounts not deductible u/s 58 8c d Profits chargeable to tax u/s 59 8d e Balance (8a-8b + 8c + 8d) 8e Income under the head "Income from other sources" (7+8e) (take 8e as nil if negative) 9 9 10 Information about accrual/receipt of income from Other Sources From 16/6 to From 16/9 to From 16/12 to From 16/3 to S. No. Other Source Income Upto 15/6 (i) 15/9 (ii) 15/12 (iii) 15/3 31/3 (iv) (V) 1 2 3 4 Winnings from lotteries, crossword puzzles, races, games, gambling, betting, etc., referred to in section 2(24)(ix) Winnings from online games ....
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....section 44AE Income credited to Profit and Loss account (included in 1) which is exempt Share of income from firm(s) 4 5a b Share of income from AOP/BOI 5b Ñ Any other exempt income (specify nature and amount) i ci ii cii iii Total (cicii) 5ciii d Total exempt income 5d 6 Balance (1-2a 2b - 3a - 3b - 3c - 3d - 4-5d) 6 a House property 7a b Capital gains 7b 7 Expenses debited to profit and loss account considered under other heads of income/ related to income chargeable u/s 115BBH c Other sources 7c u/s 115BBH (other d than Cost of 7d Acquisition) 8 Total (7a+7b + 7c+ 7d) 9 Adjusted profit or loss (6+8) 8 9 10 11 10 Depreciation and amortization debited to profit and loss account Depreciation allowable under Income-tax Act i ii Depreciation allowable under section 32(1)(ii) and 32(1)(iia) Depreciation allowable under section 32(1)(i) 11i 11ii iii (Make your own computation refer Appendix-IA of IT Rules) Total (11i+11ii) 12 Profit or loss after adjustment for depreciation (9+10-11iii) 11iii 12 13 Amounts debited to the profit and loss account, to the extent disallowable under section 36 13 14 Amounts debited to the profit and loss account, to the extent disallowable under section ....
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....business) (37+38-39) 37 38 39 B40 C Computation of income from specified business under section 35AD 42 41 Net profit or loss from specified business as per profit or loss account Additions in accordance with section 28 to 44DB 41 42 43 Deductions in accordance with section 28 to 44DB (other than deduction under section, (i) 35AD, (ii) 32 or 35 on which deduction u/s 35AD is claimed) 43 44 Profit or loss from specified business) (41+42-43) 44 45 Deductions in accordance with section 35AD(1) 45 46 Income from Specified Business) (44-45) C46 47 Relevant clause of sub-section (5) of section 35AD which covers the specified business (to be selected from drop down menu) C47 D48 Income chargeable under the head 'Profits and gains from business or profession' (A36+B40+C46+A3d) D48 E Intra head set off of business loss of current year Income of Sl. Type of Business income current year (Fill this column only if figure is zero Business loss set off Business income remaining after set off or positive) (3) (1) (2) = (1) - (2) i Loss to be set off (Fill this row only if figure is negative) (A36) Income from speculative ii (B40) business Income from specified iii (C46) business iv Total loss set ....
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.... filling out this schedule. Schedule SI Sl. No. Income chargeable to tax at special rates [Please see instruction] Section 1 |111A (STCG on shares where STT paid) 2 115AD (STCG for FIIs on securities where STT not paid) ☠☠☑ Special rate (%) 15 Income (i) Tax thereon (ii) 30 3 SPECIAL RATE 112 proviso (LTCG on listed securities/ units without indexation) 456 7 8 9 10 115AC (LTCG for non-resident on bonds/GDR) 115AD (LTCG for FII on securities) 112 (LTCG on others) 112A(LTCG on equity shares/units of equity oriented fund/units of business trust on which STT is paid) STCG chargeable at special rates in India as per DTAA LTCG Chargeable at special rates in India as per DTAA 115AC (Income by way interest received by non- resident from bonds or GDR purchased in foreign currency) 00000 ☠☠10 10 10 20 10 ☠☠10 10 10 ☠☠☠☠☠11 12 13 14 115AC (Income by way of Dividend received by non- resident from bonds or GDR purchased in foreign currency 115BB (Winnings from lotteries, puzzles, races, games etc.) |115BBJ (Winnings from online games) |115BBH- Tax on Income from Virtual Digital asset (i) Income under head business or profe....
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..../MM/YYYY Schedule 115BBI Specified income of certain institutions under section 115BBI Particulars Deemed income referred in Explanation 4 to the third proviso to section 10(23C) or section 11(3) 1 2 Deemed income referred under section 11(1B) 3 1 4 Amount 2 Total of Col 8 of Schedule D> Income which is deemed to be income under the twenty-first proviso to Section |10(23C) or which is not excluded from the total income as per section 13(1)(c) Income which is not exempt under section 10(23C) on account of violation of clause (b) of the third proviso of section 10(23C) or which is not excluded from the total income as per section 13(1)(d) 3 4 5 Income which is not excluded from the total income as per section 11(1)(c) 5 6 Income accumulated or set apart in excess of fifteen per cent of the income where such accumulation is not allowed under any specific provision of this Act; 6 7 Total (total of Sl. No. 1 to 6) 7 Schedule FSI Details of Income from outside India and tax relief (available only in case of resident) Sl. Country Taxpayer Sl. Head of income Income from Code Identification (DropdownNumber to be provided in the e-filing utility) Tax paid outside India (included in PART B-T....
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....r opening date Closing balance balance during the period institution financial institutio n Gross amount paid/credited to the account during the period (drop down to be provided specifying nature of amount viz. interest/dividend/procee ds from sale or redemption of financial assets/ other income) (12) (1) (2) (3) (4) (5) (6) (7) (8) (10) (11) (i) (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 December, 2023 SI Country Country Name of Closin Total gross Total gross Address ZIP Nature Date of Initial No name code entity of entity code of entity acquirin value of g the interest Peak value of g value the investmen investment during t the period amount paid/credite d with respect to the holding proceeds from sale or redemption during the of investment period during the period (1) (2) (3) (4) (5) (6) (7) (8) (10) (11) (12) (13) (i) (ii) A4 SI Country Country No name code Name of financial institution in which insurance contract Address of financial institution ZIP code Date of contract held (1) (2) (3) (4) (i) Details of Foreign Cash Value Insurance Contract or Annuity Cont....
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....ed in the account in this return Amount Schedule Item number where of offered schedule (1) (2a) (2b) (3a) (3b) (4) (5) (6) (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 Countr Zip Name and Name Name No y Name Cod and code e address of the trust Name and Date and and address of since address address Beneficiarie position of of held trustees Settlor S If (8) is If (8) is yes, Income offered yes, in this return Income Amount Schedule Item Whether income derived is taxable in hands? your derived from the trust where number offered of schedul e (1) (2a) (2b) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) 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 རྩ Countr IN Sl y Name No and Zip Cod e Whether Name and address of the person from whom derived Income derived Nature of income taxable in your hands? code If (6) is yes, Income offered in this return Amount Schedule Item where number offered of schedul e (1) (2a) (2b) (3) (4) (5) (6) (7) (8) (9) (i) ....
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....eemed application, previous year accumulation upto 15% etc, i. e. not from the income of prev. year] [Sr.no. G from Schedule A] 6i ii 6ii iii iv Repayment of loan during the previous year- [Sr.no. 4 of table A2 of Schedule J] Amount applied during the previous year- invested or deposited back into specified mode of Corpus fund (disallowed earlier on application of fund for object of trust/institution) invested or deposited back, into one or more of the forms or modes specified in Section 11(5) maintained specifically for such corpus, from the income of that year and to the extent of such investment or deposit [Sr.no. 4 of table A1 of Schedule J] Amount deemed to have been applied during the previous year as per clause (2) of Explanation to section 11(1) 6iii 6iv A If (iv) above applicable, whether option in Form No. 9A has been furnished to the Assessing Officer A B B V If yes, date of furnishing Form No. 9A (DD/MM/YYYY) Amount accumulated or set apart for application to charitable or religious purposes or for the stated objects of the trust/institution to the extent it does not exceed 15 per cent of income derived from property held in trust/ institution under section 11(1)(a)/11....
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....item E of schedule CG) Biii Biv Total Long-term (Bi + Bii + Biii) (enter nil if loss) Biv C D E Sum of Short-term/Lon g-term capital gains (Av+Biv) (enter nil if loss) Capital gain chargeable @ 30% u/s 115BBH (C2 of schedule CG) Total capital gains (C + D) 10iiiC 10iiiD 10iiiE 11 Gross income (9+10) 12 13 14 15 16 17 iv V Income from other sources [as per item No. 9 of Schedule OS] Total (10i+10ii + 10iiiE + 10iv) Losses of current year to be set off against 10v (total of 2xiv, 3xiv and 4xiv of Schedule CYLA) Total Income (11-12) Income which is included in 13 and chargeable to tax at special rates (total of col. (i) of schedule SI) Anonymous donations, included in 13, to be taxed under section 115BBC @ 30% (Diii of Schedule VC) Specified Income chargeable u/s 115BBI, included in 13, to be taxed @ 30% (Sl. No. 7 of Schedule 115BBI) Aggregate Income to be taxed at normal rates (13-14-15-16) 10iv 10v 11 12 13 14 15 1 16 17 Part B2 - Applicable if exemption is being claimed under section 13A/13B and under sections 10(21), 10(23A), 10(23AAA), 10(23B), 10(23EC), 10(23ED), 10(23EE), 10(29A), 10(23C)(iiiab), 10(23C)(iiiac), 10(23C)(iiiad), 10(23C)(iiiae), 10(23D), 10(23DA), 10(23FB), 10(2....
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....11 12 Net Agricultural income for rate purpose 12 13 Aggregate Income (10-11+12) [applicable if (10-11) exceeds maximum amount not chargeable to tax] 13 14 Income chargeable at maximum marginal rates 14 Part B3- Applicable if total income chargeable to tax u/s twenty-second proviso to section 10(23C) or section 13(10) If yes in Sl. No. A(26) of Part A-General, please the provide computation of Income chargeable under twenty second proviso to Clause (23C) of section 10/Sub-section (10) of section 13 1 Total Income for the previous year other than Sl. No. 7 2 Total Expenditure incurred in India, for the objects of the assessee Expenditure to be disallowed Amount in Rs. Amount in Rs. (i) Expenditure from the corpus standing to the credit of the trust or institution as on the end of the financial year immediately preceding the previous year relevant to the assessment year for which income is being computed Amount in Rs. (ii) Expenditure from any loan or borrowing Amount in Rs. (iii) Depreciation in respect of an asset, acquisition of which has been claimed as application of income, in the same or any other previous year; and Amount in Rs. (iv) Expenditure in the form of contribution or....
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....rm chargeable @ 10% (9vi of item E of schedule CG) Amount in Rs. bii Long-term chargeable @ 20% (9vii of item E of schedule CG) Amount in Rs. biii Long-term chargeable at special rates in India as per DTAA (9viii of item E of schedule CG) Amount in Rs. biv Total Long-term (bi + bii + biii) (enter nil if loss) Amount in Rs. C Sum of Short-term/Long-term capital gains (av+biv) (enter nil if loss) Amount in Rs. d Capital gain chargeable @ 30% u/s 115BBH (C2 of schedule CG) Amount in Rs. e Total capital gains (c + d) Amount in Rs. iv Income from other sources [as per item No. 9 of Schedule OS] Amount in Rs. V 8 Total (7i+7ii+7iiie+7iv) Losses of current year to be set off against 7v (total of 2xiv, 3xiv and 4xiv of Schedule CYLA) Amount in Rs. Amount in Rs. 9 Total Income (6+7-8) Amount in Rs. Amount in Rs. 10 Income which is included in 9 and chargeable to tax at special rates (total of col. (i) of schedule SI) Amount in Rs. 11 Anonymous donations, included in 9, to be taxed under section 115BBC @ 30% (Diii of Schedule VC) Amount in Rs. 12 Income chargeable u/s 115BBI, included in 9, to be taxed @ 30% (Sl. No 7 of Schedule 115BBI) 13 Income chargeable to tax u/s twenty-second proviso ....
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....k Account Number Sl. IFS Code of the Bank in case of Bank Accounts held in India Type of account (Dropdown to be provided by e-filing utility) i ii Note: 1) All bank accounts held at any time are to be reported, except dormant A/c 2) In case of multiple accounts, the refund will be credited to one of the validated accounts after processing the return Rows can be added as required b) Non-residents, may, at their option, furnish the details of one foreign bank account: Sl. No. SWIFT Code Name of the Bank Country of Location IBAN 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] ☠Yes ☠No 15 TAX PAYMENTS A Details of payments of Advance Tax and Self-Assessment Tax SI BSR Code Date of Deposit (DD/MM/YYYY) Serial Number of Challan Amount (Rs) ADVANCE/SELF ASSESSMENT TAX No (1) i ii (2) (3) (4) (5) iii Enter the totals of Advance tax....