TaxTMI 
TaxTMI 
CBDT has notified the ITR-7 Form for Assessment Year 2025–26 under the Income-tax (Eighteenth Amendment) Rules, 2025
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the 26th March, 1962 and was last amended vide notification GSR 294(E), dated the 07th May, 2025. Explanatory Memorandum: It is hereby certified that no person shall be adversely affected by giving retrospective effect to these rules. ============= Document 1 55 [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण "FORM ITR-7 INDIAN INCOME TAX RETURN [For persons including companies Assessment Year required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only] (See rule 12 of the Income-tax Rules, 1962) (Refer instructions for guidance) 2 0 2 5 - 2 6 2 0 2 5 - 2 6 Part A-GEN (A1) Name (as mentioned in deed of creation/ establishing/ incorporation/ formation) (A2) PAN PERSONAL INFORMATION (A4) Flat/Door/Block No (A5) Name of Premises/Building/Village (A3) Date of formation/incorporation (DD/MM/YYYY) 1 / (A6) Road/Street/Post Office (A7) Area/Locality (A11) Status (see instructions) (A12) Sub Status (see instructions) (A8) Town/City/District (A9) (A10) Pin code/Zip State code (A13)....
X X X X Extracts X X X X
X X X X Extracts X X X X
....of such notice/order, or if filed u/s 92CD enter date of advance pricing agreement (unique number) / / (d) Residential status? (Tick) Resident Non-resident (e) Whether any income included in total income for which claim under section 90/90A/91 has been made? Yes No [applicable in the case of resident] [if yes, ensure to fill Schedule FSI and Schedule TR] (f) Whether this return is being filed by a representative assessee? (Tick) Yes No If yes, please furnish following information - (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 (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): 57 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] (DD/MM/YYYY) LEI Number Valid upto date (A2 2) Whether you h....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... No (A26) Whether provisions of twenty second proviso to Section 10(23C) or Section 13(10) are applicable? Yes No If "Yes", please furnish below information, whether: (a) Provisions of proviso to clause (15) of section 2 are applicable ] Yes No (b) Conditions specified in clause (a) of tenth proviso to 10 (23C) / sub-clause (i) of clause (b) of sub-section (1) of section 12A have been violated Yes No (c) Conditions specified in clause (b) of tenth proviso to 10 (23C)/ sub-clause (ii) of clause (b) of sub-section (1) of section 12A have been violated ] Yes No (d) Conditions specified in twentieth proviso to 10(23C)/ clause (ba) of sub-section (1) of section 12A have been violated Yes No (i) Are you liable for audit under the Income-tax Act? (Tick) following information- No, If yes, furnish Yes (A27) (ii) Section under which you are liable for audit (specify section). Please mention date of audit report. (DD/MM/YY) AUDIT INFORMATION a Name of the auditor signing the tax audit report b Membership No. of the auditor c Name of the auditor (proprietorship/ firm) d Permanent Account Number (PAN)/Aadhaar No. of the proprieto....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the previous year SI. Name and address PAN Aadhaar Number SCHEDULES TO THE RETURN FORM (FILL AS APPLICABLE) Schedule I Details of amounts accumulated / set apart within the meaning of section 11(2) or in terms of third proviso to section 10(23C)/10(21)/10(21) read with section 35(1). Year of accumulatio n (F. Yr.) Amount accumulate d in the year of accumulatio n Purpose of accumulatio n Amount applied for charitable/ religious/Scientif ic research/ social science or statistical research purposes upto the beginning of the previous year Balanc e Amount taxed in any earlier assessme nt year(s) Balance available for applicatio n Amounts applied for charitable or religious /Scientific research/ social science or statistical research purpose during the previous year out of previous 60 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] years' accumulatio n (1) (2) (3) (4) (5) = (2-4) (6) (7) = (5-6) (8) 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total Year of accumulatio n (F.Yr.) Amount applied for purposes other than the purpose for which such accumulatio n was made (if applicable) Amount credited or paid to any trus....
X X X X Extracts X X X X
X X X X Extracts X X X X
....xed in earlier assessment years as per section 11(1B) Assessment Year Year of accumulation (F.Yr.) Assessment year in which the amount referred at Col 5 of Schedule D was taxed (Figures in Rs.) Prior to AY 2021-22 2021-22 2022-23 2023-24 2024-25 Total (A) (B) (C) (D) (E) (F) (A+B+C+D+E) Prior to FY 2019-20 2019-20 2020-21 2021-22 2022-23 62 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Sched ule J Statement showing the funds and investments as on the last day of the previous year [to be filled by assesses 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) )] DETAILS OF INVESTMENT OF FUNDS A Details of corpus 1 Corpus Donatio Openi ng Received/ Treated as App lied Amou nt Total amou Fina ncial Closi ng Invest ed in Amou nt Invest ed in n Balan corpus duri investe nt year Balan mode taxed mode ce as during the ng d or inves in ce as s in s on year the deposit ted whic on specif earlie other 01.04. year ed or h (4) 31.03. ied in r than 2024 (corpu s not applie d till 31.03. 2024) back into corpus (which was earlier applie d and not claime d as applic ation) where ap....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Yes No Yes No Yes No Yes No iv Yes No Yes No V Yes No Yes No TOTAL D Other investments as on the last day of the previous year 64 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Sl. No. address of the Name and concern Whether the concern is a company (tick as applicable E) Class of shares held Number of shares held Nominal value of investment (1) (2) (3) (4) (5) (6) i Yes No Yes No Yes No iv Yes No v TOTAL E Voluntary contributions/donations received in kind but not converted into investments in the specified modes u/s 11(5) within the time provided Sl. No Name and address of the donor Value of contribution/ donation Value of contribution applied towards objective Amount out of (3) invested in modes prescribed under section 11(5) Balance to be treated as income under section 11(3) (1) (2) (3) (4) (5) (6) i iv TOTAL Part A-BS CONSOLIDATED BALANCE SHEET AS ON 31ST DAY OF MARCH, 2025 SOURCES OF FUNDS A Sources of Funds 1 Own Funds a Corpus out of the donations received for renovation or repair of places notified u/s 80G(2)(b) on or ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....losing balance as on 31.03.2025 as per Schedule J B. Reasons of difference (+/-) (Bi+Bii+Biii) i) Purchase of fixed asset ii) Depreciation iii) Any other reason (Please specify) THE GAZETTE OF INDIA : EXTRAORDINARY 66 [PART II-SEC. 3(i)] C. Closing balance as on 31.03.2025 as per Balance sheet (A+B) Schedule LA Political Party POLITICAL PARTY 1 A) Whether registered under Section 29A of Representation of People Act, 1951 Yes No a If yes, please enter registration number b Date of Registration / / B) Whether recognized by the Election Commission of India Yes No a If yes, date of recognition 2 Whether books of account were maintained? (tick as applicable ) Yes No 3 Whether the accounts have been audited? (tick as applicable ) Yes No If yes, furnish the following information: - a Date of furnishing of the audit report (DD/MM/YYYY) / / b Name of the auditor signing the audit report c Membership No. of the auditor d Name of the auditor (proprietorship/ firm) e Proprietorship/firm registration No. f Permanent Account Number (PAN) /Aadhaar No. of the auditor (proprietorship/ firm) g Date of audit report /....
X X X X Extracts X X X X
X X X X Extracts X X X X
....es, date of audit report in Form No.10BC (DD/MM/YYYY) / 5 Whether the report as per rule 17CA(14) furnished to the Commissioner of Income-tax or Director of Income-tax? (tick as applicable 7) Yes No 6 Details of voluntary contributions received and amounts distributed during the year i Opening balance as on 1st April ii Voluntary contribution received during the year Total (i + ii) iii iv Amount distributed to Political parties iv V Amount spent on administrative and management functions of the Trust (Restricted to 5% of Sr.no. ii above OR 5 lakh for first year of incorporation and 3 lakh for subsequent years whichever is lesser) V vi Total (iv + v) vi vii Total amount eligible for exemption under section 13B (Sr.no. 6ii of schedule ET if Amount distributed in 6iv is 95% of 6iii )(As per rule 17CA) vii viii Closing balance as on 31st March (iii - vi) viii Schedule VC Voluntary Contributions [to be mandatorily filled in by all persons filing ITR-7] A Domestic Contribution (Other than anonymous donations taxable u/s 115BBC) i Corpus donation (Aia +Aib) Ai a Corpus representing donations received for the renovation or repair of places n....
X X X X Extracts X X X X
X X X X Extracts X X X X
....chedule A Amount A Application towards the stated objects of the trust/institution 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 1a 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 1a 2 Religious 2 3 Relief of poor 3 4 Educational 4 5 Yoga 5 6 Medical relief 6 7 Preservation of environment 7 69 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] 8 Preservation of monuments etc. 8 9 General public utility 9 10 Application which cannot be specifically identified under 1 to 9 above 10 11 Cost of new asset for claim of Exemption u/s 11(1A) (restricted to the net consideration) 11 12 Total (Ala to A11) 12 B Expenditure not allowed as application, other than application out of source of fund at C2 to C7 (B1 + B2 + B3 + B4 + B5+ B6 + B7 + B8) Note: Amount ente....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ution 2 3 Accumulation of income 3 70 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Schedule IE- 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} A 1 Total receipts including any voluntary contribution (Excluding receipts falling under taxable heads to be reported as per Row B) 1 2 Application of income towards object of the institution 2 3 Accumulation of income 3 B 1 Do you have any income which is taxable? If Yes Please provide details (Tick )E Yes No a Income from House Property? (If yes, Please fill Schedule HP) 1 a Yes No b Income from Business or Profession (If yes, Please fill Schedule BP) 1 b Yes No c Income from Capital gains (If yes, Please fill Schedule CG) 1 c Yes No d Income from other Sources (If yes, Please fill Schedule OS) 1 d Yes No Schedule IE- 3 Income & Expenditure statement [applicable for assessee claiming exemption under sections 10(23C)(iiiab) or 10(23C)(iiiac)] (please fill up address for each institution separately): {Exemption is....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 1f g (Details are to be filled in the drop down to Interest payable on borrowed capital be provided in e-filing utility) 1g h Total (1f + 1g) 1h i Arrears/Unrealised rent received during the year less 30% li j Income from house property 1 (le - 1h + 1i) 1j (fill up details separately for each property) 2 Pass through income/Loss if any * 2 3 Income under the head "Income from house property" (>1j + 2) (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-I. of the two, if let out for whole of the year, lower of the two, if Gross rent received or receivable or lettable value (higher let out for part of the year) Schedule CG Capital Gains CAPITAL GAINS A Short-term Capital Gains (STCG) (Sub-items 4 & 5 are not applicable for residents) Short-term Capital Gains 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/transf....
X X X X Extracts X X X X
X X X X Extracts X X X X
....sale of such asset to be ignored (Enter positive value only) 3d e Short-term capital gain on equity share or equity oriented MF (STT paid) (3c +3d) A3e A3ei A3eii 4 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 covered u/s 111A (A4ai+A4aii) A4a (i) Where the transfer was before 23rd July 2024 A4ai (ii) Where the transfer was on or after 23rd July 2024 A4aii b STCG from debentures sale of shares not covered in sl.no 4a or sale of 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 unquoted shares ia b Fair market value of unquoted shares determined in the prescribed manner ib Address of property, code, Zip Country 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 d....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... term capital gains on depreciable assets 6e f Deduction under section 54G/54GA 6f g STCG on assets other than at A1 or A2 or A3 or A4 or A5 above (6c + 6d + 6e - 6f) A6g Amount deemed to be short term capital gains 74 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] a Whether any amount of unutilized 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. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/constructed Amount not used for new asset or remained unutilized in Capital gains account (X) Previous year in which asset acquired/constructed Amount utilised out of Capital Gains account i 2021-22 54G/54GA ii 2022-23 54G/54GA iii 2023-24 54G/54GA b Amount deemed to be short term capital gains u/s 54G/54GA, other than at 'a' Amount deemed to be short term capital gains (Xi + Xii +Xiii + b) A7 8 Pass Through Income/Loss in the nature of Short Term Capital Gain, (Fill up schedule PTI) (A8ai+A8aii....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s (ai), or else take (aii)] aiii b Deductions under section 48 i Cost of acquisition without indexation bi iia Cost of acquisition with indexation (Applicable only for transfers before 23rd July 2024) biia iib Total Cost of Improvement biib (a)Cost of improvement without indexation biib(a) (b) Year of improvement (c)Cost of Improvement with indexation (b & c applicable only for transfers before 23rd July 2024) biib(c ) Add row iii Expenditure wholly and exclusively in connection with transfer biii iv Total (where transfer is before 23rd July 2024 biia + biib(c) + biii ; where transfer is on or after 23rd July 2024 bi + biib(a) + biii) biv c Balance (aiii - biv) 1c d Deduction under section 54D/54EC/54G/54GA (Specify details in item D below) 1d e Long-term Capital Gains on Immovable property (1c - 1d) Ble 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 property, Country Address of code, Zip code Pin code State PAN/Aadhaar No. of buyer(s) Percentage share NOTE Furnishing of PAN/Aadhaar No. is m....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... iv Total where transfer was before 23rd July 2024, (bi + bii +biii) (where transfer was on or after 23rd July 2024, bia +biia +biii) biv 77 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] iva Total (bia + biia + biii) (for the purpose of computing excess as per proviso section 112(1)) (applicable where transfer was before 23rd July 2024) biva c Long Term Capital Gains on assets at B4 (4a - biv) i. Before 23rd July 2024 ii. On or After 23rd July 2024 B4c B4ci B4cii ca Long Term Capital Gains on assets at B4 above where transfer was before 23rd July 2024) (4a - biva) (for the purpose of computing excess tax as per proviso to section 112(1)) B4ca d Tax as per 112(1)(a)(ii)(A) or 112(1)(c)(ii)(A) [LTCG at 20 % with indexation] [ B4ci*20%] (applicable where transfer was before 23rd July 2024) B4d e Tax as per 1st Proviso to section 112(1) [LTCG at 10 % without indexation] (applicable where transfer was before 23rd July 2024)[ B4ca*10%] (applicable where transfer was before 23rd July, 2024) B4e f Excess amount tha....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ON-RESIDENT (aiii-biv) (i) Where transfer was before 23rd July 2024 [applicable for (7(i), 7(ii)& 7(iii)] c (ii) Where transfer was on or after 23rd July for (7i),7(ii) & (7iii) (iii) From sale of securities by FII as referred to in sec. 115AD B7c B7ci B7cii B7ciii 8 For FII/FPI (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 read with section 115AD B8 i Long-term Capital Gains on sale of capital assets at B8 transferred before 23rd July 2024 B8i ii Long-term Capital Gains on sale of capital assets at B8 transferred on or after 23rd July 2024 B8ii 9 From sale of assets where B1 to B8 above are not applicable Where transfer was before 23rd July 2024 (i) Where transfer was on or after 23rd July 2024 (ii) a i 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 ia b Fair market value of unquoted shares determined in the prescribed manner ib c Full value of consideration in respect of unquoted shares adopted as p....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... gain arose on or after 23rd July 2024 11 + Pass Through Income/Loss in the nature of Long Term Capital Gain, (Fill up schedule PTI) (B11a1(i)+B11a1(ii)+B11a2(i)+B11a2(ii) B11 B11b) al(i) Pass Through Income/ Loss in the nature of Long-Term B11a1(i) Capital Gain, chargeable @ 10% u/s 112A a1(ii) Pass Through Income/ Loss in the nature of Long-Term B11a1(ii) Capital Gain, chargeable @ 12.5% u/s 112A a2(i) Pass Through Income/Loss in the nature of Long-Term Capital Gain, chargeable @ 10% under sections other than B11a2(i) 112A a2(ii) Pass Through Income/Loss in the nature of Long-Term Capital Gain, chargeable @ 12.5% under sections other than B11a2(ii) 112A b Pass Through Income/ Loss in the nature of Long-Term B11b Capital Gain, chargeable @ 20% 12 DTAA 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 Previous year in which asset transferred Section under which deduction claimed in Amount not used for new asset or remained unutilized in Capital gains account (X) b) Total amount deemed to be long-term capital gains (Xi + Xii + Xiii + B10 B10i i. Where deemed capital....
X X X X Extracts X X X X
X X X X Extracts X X X X
....se or cii construction of new asset Date of purchase/construction of new asset in an ciii area other than urban area dd/mm/yyyy ii iii dd/mm/yyyy iv Amount deposited in Capital Gains Accounts Scheme before due date civ (iva) Date of deposit dd/mm/yyyy (ivb) Account Number (ivc) IFS Code v Amount of deduction claimed CV d Deduction claimed u/s 54GA Cost of purchase/ construction of new land building for industrial undertaking or aii (iva) Date of deposit dd/mm/yyyy v Amount of deduction claimed CV Deduction claimed u/s 54GA 81 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] i Date of transfer of original asset from urban area di dd/mm/yyyy ii Cost and expenses incurred for purchase or construction of new asset dii iii Date of purchase/construction of new asset in SEZ diii dd/mm/yyyy iv Amount deposited in Capital Gains Accounts Scheme before due date div (iva) Date of Deposit (ivb) Account Number (ivc) IFS Code dd/mm/yyyy v Amount of deduction claimed dv e Tota....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ich is included therein, if any. F Information about accrual/receipt of capital gain S. No. Type of Capital gain / Date Upto 15/6 (i) 16/6 to 15/9 (ii) 16/9 to 15/12 (iii) 16/12 to 15/3 (iv) 16/3 to 31/3 (v) 1 Short-term capital gains taxable at the rate of 15% 2 Short-term capital gains taxable at the rate of 20% 3 Short-term capital gains taxable at the rate of 30% 4 Short-term capital gains taxable at applicable rates 5 Short-term capital gains taxable at DTAA rates 6 Long- term capital gains taxable at the rate of 10% 7 Long- term capital gains taxable at the rate of 12.5% 8 Long- term capital gains taxable at the rate of 20% 9 Long- term capital gains taxable at the rate DTAA rates 10 Capital gains on transfer of Virtual Digital Asset taxable at the rate of 30% Enter value from item 14ii of schedule SI, if any 16/12 to 15/3 (iv) 16/3 to 31/3 (v) 83 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] Schedule VDA Income from transfer of Virtual Digital Assets u/s 115BBH (Note: Detai....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e 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) 2 ai Winnings from lotteries, crossword puzzles, races, card games etc. chargeable u/s 115BB 2ai aii Winnings from online games chargeable u/s 115BBJ 2aii 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 iv Undisclosed investments etc. u/s 69B biv v Unexplained expenditure etc. u/s 69C bv vi Amount borrowed or repaid on hundi u/s 69D bvi c Any other income chargeable at special rate (total of ci to cxiv) 2c 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 referred to in sub-section (1A) of section 80LA chargeable under proviso to 115A(1)(a)(A) cia ii Interest received from Government or Indian concern on forei....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y (enter NIL, if not chargeable) Rate as per TRC obtained (Y/N) Whether of I.T. Act Section as per I.T. Act Rate rate [lower Applicable of (6) or (9)] Rate as per Whether Section Rate 3 Deductions under section 57(other than those relating to income chargeable at special rates under 2a, 2b, 2c, 2d & 2e) a Expenses / Deductions (other than entered in c) 3a b Depreciation (available only if income offered in 1c of "schedule OS") 3b c Interest expenditure on dividend u/s 57(i) (available only if income offered in la(i) and/or 1a(ii)) 3c ci Eligible Interest expenditure u/s 57(i) - computed value 3ci d Total 3d 4 Amounts not deductible u/s 58 4 5 Profits chargeable to tax u/s 59 5 86 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 6 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 7 Income from other sources (other than from owning race horses) (2+6) (enter 6 as nil, if negative) 7 8 Income from the activity of owning and maintaining race horses ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Effect on the profit or loss because of deviation, if any, from the method of d valuation prescribed under section 145A 6d 88 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Schedule BP Computation of income from business or profession INCOME FROM BUSINESS OR PROFESSION A From business or profession other than speculative business and specified business 1 Profit before tax as per income and expenditure account (as applicable) 1 2a Net profit or loss from speculative business included in 1 (enter -ve sign in case of loss) 2a 2b Net profit or Loss from Specified Business u/s 35AD included in 1 (enter -ve sign in case of loss) 2b 3 Income/ receipts credited to profit and loss account considered under other heads of income or chargeable u/s 115BBH a House property 3a b Capital gains 3b c Other sources 3c ci Dividend income 3ci cii other than Dividend income 3cii d u/s 115BBH (net of Cost of Acquisition, if any) 3d (Item No. A of Schedule VDA) 4 Profit or loss included in 1, which is referred to in section 44AE 4 5 Income credited to Profit and Loss account (included in 1) which is exempt a Share of income from firm(s) 5a ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 27 Amount of deduction under section 35 or 35CCC or 35CCD in excess of the amount debited to profit and loss account (if amount deductible under section 35 or 35CCC or 35CCD is lower than amount debited to P&L account, it will go to item 23) 27 28 Any amount disallowed under section 40 in any preceding previous year but allowable during the previous year 28 29 Any amount disallowed under section 43B in any preceding previous year but allowable during the previous year 29 30 Any other amount allowable as deduction 30 31 Decrease in profit or increase in loss on account of ICDS adjustments and deviation in method of valuation of stock 31 32 Total (25+26+27+28+29+30+31) 32 33 Income (12+24-32) 33 34 Profits and gains of business or profession deemed to be under - i Section 44AE 34i 35 Net profit or loss from business or profession other than speculative and specified business (33+34) 35 36 Net Profit or loss from business or profession other than speculative business and specified business after applying rule 7A, 7B or 8, if applicable (If rule 7A, 7B or 8 is not applicable, enter same figure as in 35) A36 B Computation of income from speculati....
X X X X Extracts X X X X
X X X X Extracts X X X X
....m race off year's remaining after set off Current Income Total loss (3 of Schedule -HP) Total loss ((2v of item E) of Schedule-BP) (6 of Schedule- Total loss OS) 1 2 3 4 (5) = (1-2-3-4) Loss to be adjusted -> i House property ii Business (excluding speculation income and income from specified business) iii Speculation income iv Specified business income u/s 35AD va Short-term capital gain taxable @15% vb Short-term capital gain taxable @ 20% vi Short-term capital gain taxable @ 30% Income of current year (Fill this column only if income is zero or positive) House property loss of the current year set off (other speculation Business Loss than specified business loss) of the current year set off or loss (other than horses) of the current year set Other sources loss from race off year's remaining after set off Current Income Total loss ((2v of item E) of Schedule-BP) (6 of Schedule- Total loss OS) 91 [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : अस....
X X X X Extracts X X X X
X X X X Extracts X X X X
....12(1) (LTCG on listed securities/ units with indexation) [where transfer was before 23rd July 2024 as applicable and tax thereon after taking into account Sl. no. B4(f) of Schedule CG, if any.] 20(as reduced by B4(f) of Schedule CG, if any) 3b 112(1) (LTCG on listed securities/ units) [where transfer was on or after 23rd July 2024 as applicable] 12.5 93 [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 4a 112(1)(c)(iii) (LTCG for non-resident on unlisted securities or other than Listed debentures) [where transfer was before 23rd July 2024 as applicable] 10 4b 112(1)(c)(iii) (LTCG for non-resident on unlisted securities) [where transfer was on or after 23rd July 2024 as applicable] 12.5 5a 115AB (LTCG for non-resident on units referred in section115AB) where transfer was before 23rd July 2024 as applicable] 10 5b 115AB (LTCG for non-resident on units referred in section 115AB) ) where transfer was on or after 23rd July 2024 as applicable] 12.5 6a 115AC (LTCG for non-resident on bonds/GDR) ) [where transfer was before 2....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rgeable @ 10% other than section 112A 10 24b Pass Through Income in the nature of Long Term Capital Gain chargeable @ 12.5% - u/s other than 112A 12.5 25 Pass through income in the nature of income from other source chargeable at special rates (2d of schedule OS) Total Schedule Accreted income under section 115TD (Applicable if exemption claimed u/s 11 and 12 or 115TD 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via) 1 Aggregate Fair Market Value (FMV) of total assets of specified person 1 2 Less: Total liability of specified person 2 3 Net value of assets (1 - 2) 3 4 (i) FMV of assets directly acquired out of income referred to in section 10(1) 4i ii) FMV of assets acquired during the period from the date of creation or establishment to the effective date of registration/provisional registration/approval u/s 12AB or 2nd Proviso to s. 10(23C), if benefit u/s 11 and 12 or 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via) respectively not claimed during the said period 4ii (iii) FMV of assets transferred in accordance with third proviso to section 115TD(2) 4iii (iv) Total (4i + 4ii + 4iii) 4iv 5 Liability in respect of assets at 4 above 5 6 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....come under Tax payable on such normal provisions in India Country |Code (Dropdown to be provided in the e- filing utility) Number Taxpayer Identification Tax paid outside India NOTE Please refer to the instructions for filling out this schedule. 96 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] Schedule TR Summary of tax relief claimed for taxes paid outside India (available only in case of resident) TAX RELIEF FOR TAX PAID OUTSIDE INDIA 1 Details of Tax relief claimed Country Code Taxpayer Identification Number Total taxes paid outside India (total of (c) of Schedule FSI in respect of each country) Total tax relief available (total of (e) of Schedule FSI in respect of each country) Section under which relief claimed (specify 90, 90A or 91) (a) (b) (c) (d) (e) Total 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 t....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (ii ) SI Ny 0 Countr name Countr y code Nature | of entity Date of acquiri ng the interest A Details of Foreign Cash Value Insurance Contract or Annuity Contract held (including any beneficial 4 interest) at any time during the calendar year ending as on 31st December, 2024 SI Ny 0 Countr | name Countr y code Name of financial institution in which insurance contract held Address of financial institution ZIP code Date of contract The cash value or surrender value of the contract Total gross amount paid/credited with respect to the contract during the period (1 ) (2) (3) (4) (5) (6) (7) (8) (9) (i) ii ) SI Ny 0 Countr | name Countr y code B Details of Financial Interest in any Entity held (including any beneficial interest) at any time during the calendar year ending as on 31st December, 2024 SI N 0 Count ry Nam Zip Cod e Natur e of entity Name and Address of the Entity Nature of Interest- Direct/ Beneficial owner/ Beneficiar Date since held Total Investment (at cost) (in rupees) Income accrued Nature of Income taxable and offered in this return from such Interest Incom Amou nt Schedul e where....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d Item numbe r of schedul e F Details of trusts, created under the laws of a country outside India, in which you are a trustee, beneficiary or settlor Sl N o Count ry Name and code Zip Cod e address of Name and the trust Name and address of trustees Name and addre ss of Settlo r Name and address of Beneficiaries Date since position held Whether income derived is taxable in your hands? If (8) is yes, Income derived from the trust If (8) is yes, Income offered in this return Amount Schedul e where offered Item numbe r of schedu le (1 ) (2a) (2b) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (i) If (8) is yes, Income derived from the trust If (8) is yes, Income offered in this return Sl N o Count ry Name and code Zip Cod e address of Name and the trust 99 [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण (ii ) 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 pr....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r excluding Voluntary contribution included in 1 above (10 of Schedule AI) 3 4 Amount eligible for exemption under section 11(1)(c) 4 Part B1 - Applicable if exemption is being claimed u/s 11 and 12 or 10(23C)(vi)/10(23C)(via) and where Part B3 is not applicable. 100 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] A Approval number given by the Board A B Date of approval by board B 5 Income to be applied [1+3-4-(A1-A1a of Schedule A)] 5 6 Application of income for charitable or religious purposes or for the stated objects of the trust/institution :- i Amount applied during the previous year [Excluding application from borrowed fund, deemed application, previous year accumulation upto 15% etc, i. e. not from the income of prev. year] [Sr.no. G from Schedule A] 6i ii Repayment of loan during the previous year- [Sr.no. 4 of table A2 of Schedule J] 6ii iii 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) maintai....
X X X X Extracts X X X X
X X X X Extracts X X X X
....oss income after Exemption u/s 11/10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via) [(5-6vii)+7ix+8] 9 10 Income not forming part of item No. 9 above i Income from house property [3 of Schedule HP] (enter nil if loss) 10i ii Profits and gains of business or profession [as per item No. D 48 of schedule BP] 10ii iii Income under the head Capital Gains A Short term 10iiiA Aia Short-term chargeable @ 15% (1lii of item E of schedule CG) Aia Aib Short-term chargeable @ 20% (lliii of item E of schedule CG) Aib Aii Short-term chargeable @ 30% (1liv of item E of schedule CG) Aii Aiii Short-term chargeable at applicable rate ( 11v of item E of schedule CG) Aiii Aiv Short-term chargeable at special rates in India as per DTAA (Ilvi of item E of Schedule CG) Aiv Av Total Short-term (Aia+ Aib + Aii + Aiii+ Aiv) (enter nil if loss) Av B Long term 10iiiB Bia Long-term chargeable @ 10% (11vii of item E of schedule CG) Bia Bib Long-term chargeable @ 12.5% (Ilviii of item E of schedule CG) Bib Bii Long-term chargeable @ 20% (11ix of item E of schedule CG) Bii Biii Long-term chargeable at special rates in India as per DTAA (11x of item E of schedule CG)....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he head Capital Gains A Short term (A5 of schedule CG) 7iiiA Aia Short-term chargeable @ 15% (11ii of item E of schedule CG) Aia Aib Short-term chargeable @ 20% (11iii of item E of schedule CG) Aib Aii Short-term chargeable @ 30% (11iv of item E of schedule CG) Aii Aiii Short-term chargeable at applicable rate (11v of item E of schedule CG) Aiii Aiv Short-term chargeable at special rates in India as per DTAA (11vi of item E of Schedule CG) Aiv Av Total Short-term (Aia + Aib + Aii + Aiii + Aiv) (enter nil if loss) Av B Long term (B4 of schedule CG) (enter nil if loss) 7iiiB Bia Long-term chargeable @ 10% (11vii of item E of schedule CG) Bi Bib Long-term chargeable @ 12.5% (11viii of item E of schedule CG) Bii Long-term chargeable @ 20% (11ix of item E of schedule CG) Bii Biii Long-term chargeable at special rates in India as per DTAA (11x of item E of schedule CG) Biii Biv Total Long-term (Bia + Bib + Bii + Biii) (enter nil if loss) Biv C Sum of Short-term/Lon g-term capital gains (Av+Biv) (enter nil if loss) 7iiiC D Capital gain chargeable @ 30% u/s 115BBH (C2 of schedule CG) 7iiiD E Total capital gains (C + D) 7iiiE iv Income fro....
X X X X Extracts X X X X
X X X X Extracts X X X X
....of section 13 or Explanation to twenty second proviso to clause (23C) of section 10 read with section (3A) of section 40A Amount in Rs. (ix) Any other disallowance Amount in Rs. (x) Total expenditure to be disallowed (i)+(ii)+(iii)+(iv)+(v)+(vi)+(vii)+(viii)+(ix) Amount in Rs. 4 Additions (i) Income chargeable under section 115BBI Amount in Rs (ii) Income in respect of which exemption under section 11 is not available, being anonymous donation (Diii of schedule VC) Amount in Rs (iii) Income chargeable under section 12(2) Amount in Rs (iv) Income as per Explanation 3B in case of violation of clause (a) or (b) or (c) of Explanation 3A to section 11(1) read with section 80G(2)(b) Amount in Rs (v) Income as per Explanation 1B in case of violation of clause (a) or (b) or (c) of Explanation 1A to section 10(23C) read with section 80G(2)(b) Amount in Rs (vi) Any other income on which exemption is not allowable under the Income- tax Act Amount in Rs (vii) Total Additions (i)+(ii)+(iii)+(iv)+(v)+(vi) Amount in Rs 5 Income chargeable u/s 11(4) Amount in Rs 6 Sum total [(1-2+3x)+4vii+5)] Amount in Rs 7 Income not forming part of item No. 6 above ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....omputation of tax liability on total income 1 Tax payable on total income a Tax at normal rates on [Sl. No. 17 of Part B1 of Part B-TI] OR [Sl. No. (13 - 14) of Part B2 of Part B-TI] OR [Sl. No. 13 of Part B3 of Part B-TI] 1a b Tax at special rates (total of col. (ii) of Schedule-SI) 1b c Tax on anonymous donation u/s 115BBC @30% on [Sl. No. 15 of Part B1 of Part B-TI] OR [Sl. No. 11 of Part B3 of Part B-TI] 1c 105 [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण d Tax on income chargeable u/s 115BBI @30% on [SI. No. 16 of Part B1 of Part B-TI] OR [SI. No. 12 of Part B3 of Part B-TI] 1d e Tax at maximum marginal rate on SI. No. 14 of Part B2 of Part B-TI 1e f Rebate on agricultural income / In Part B2, applicable if (10-11) of Part B-TI exceeds maximum amount not chargeable to tax] 1f g Tax Payable on Total Income (1a+ 1b+1c+ 1d+1e- 1f) 1g 2 Surcharge i 25% of Column (ii) of "Income under section 115BBE" of Schedule SI 2i ii On [1g - (Column (ii) of "Income under section 115BBE" of Schedule (SI)] 2i....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 No Yes (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 TAX PAYMENTS A Details of payments of Advance Tax and Self-Assessment Tax ADVANCE/ SELF ASSESSMENT TAX Sl No BSR Code Date of Deposit (DD/MM/YYYY) Serial Number of Challan Amount (Rs) (1) (2) (3) (4) (5) i ii iii iv NOTE Enter the totals of Advance tax and Self-Assessment tax in Sl No. 9a & 9d of Part B-TTI 107 à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] B Details of Tax Deducted at Source (TDS) on Income [As per Form 16 A issued or Form 16B/16C/16D/16E furnished by Deductor(s)] SI No TDS credit relatin g to self / other person [other person as per rule 37BA( 2)] PAN/Aad har of Other Person (if TDS credit related to other person) TAN of the Deductor / PA....