These instructions are guidelines for filling the particulars in Income-tax Return Form-6 for the Assessment Year 2020-21 relating to the Financial Year 2019-20. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962.

1. Assessment Year for which this Return Form is applicable

This Return Form is applicable for assessment year2020-21only i.e., it relates to income earned in Financial Year 2019-20.

2. Who is eligible to use this Return Form?

This Return Form can be used by a company as per section 2(17) of the Income Tax Act, This form is filed by company other than a company which is required to file return in Form ITR-7.

As per section 2(17) of Income Tax Act, companymeans: –

(i) Indian Company (Domestic Company)

(ii) Body corporate incorporated by or under the laws of country outside India

(iii) Any institution, association or body, whether incorporated or not & whether Indian or Non-Indian which is declared by general or special order of the board to be company,etc.

3. Manner of filing this Return Form

This Return Form can be filed with the Income-tax Department electronically on the e-filing web portal of Income-tax Department
(www.incometaxindiaefiling.gov.in) and verified by way of digital signature only.

Item by Item Instructions to fill up the Return Form
Part-A – General Information

Field Name Instruction
PERSONAL INFORMATION
Name Enter the Name as per PAN card
PAN Enter the PAN as in PAN card
Is there any change in the company’s name? If yes,

please furnish the old
name

In case there has been a change in the name of company as compared to last year, please enter the old name of company in this column.
Corporate Identity

Number (CIN) issued by MCA

Please enter the Corporate Identity Number (CIN) issued by MCA
Flat/ Door/ Block No. Please furnish complete address of registered

office or the corporate office of the company,

mentioning the following details in respective

Name of Premises/
Building / Village
Road/ Street/Post Office columns:-

(a) Flat or House Number

(b) Name of the Premises or Building or Apartment or Village

(c) Name of the Post office or Road or Street in which the office is situated

(d) Name of area or locality in which the office is situated

(e) Name of town or City or District in which the office is situated

(f) Select the name of State and country from the dropdown menu

(g) The PIN Code or the Zip Code of the Post Office.

Area/ Locality
Town/ City/ District
State
Country
PIN Code/ Zip Code
Date of incorporation (DD/MM/YYYY) Please enter the Date of incorporation, as

mentioned in the certificate of incorporation of the company.

Date of commencement of business (DD/MM/YYYY) Please enter the Date of commencement of business.
Type of company Please indicate the type of company by ticking the applicable check-box:-

oDomestic company
o Foreign company

Please refer to sub-clauses (22A) and (23A)

respectively for definitions of the terms ‘domestic company’ and ‘foreign company’.

If a public company write 6, and if private company

write 7 (as defined in
section 3 of The Companies Act
)

Please specify whether you are a public company or a private company by mentioning the status code as indicated.
Office Phone Number with STD code/ Mobile No.1 Enter the office landline number with STDcode, or enter PAN holder’s mobile number. This will be

used for official communication with the PAN
holder.

Mobile No.2 Enter the mobile number of any other person, as an alternative number for communication.
Email Address (Self) Enter the PAN holder’s email address. This will be

used for official communication with the PAN
holder.

Email Address-2 Enter the Email Address of PAN holder or any other person, as an alternative email address for communication.
FILING STATUS
Filed u/s Please tick the applicable check box, indicating the section under which the return is being filed –
(a) If filed voluntarily on or before the due date, tick ‘139(1)’

(b) If filed voluntarily after the due date, tick
‘139(4)’

(c) If this is a revised return, tick ‘139(5)’

(d) If this is a modified return, filed in accordance with an Advanced Pricing Agreement (APA), tick ‘92CD’

(e) If filed in pursuance to an order u/s 119(2)(b) condoning the delay, tick ‘1 19(2)(b)’

If revised/ defective/

modified then enter
Receipt No. and Date of filing original return

If this is a revised return, or a return being filed in

response to notice under section 139(9), or a
modified return filed in accordance with an APA, please enter the acknowledgement number and date of filing of the original return.

Or Filed in response to notice u/s In case the return is being filed in response to a

statutory notice, please tick the applicable
checkbox –

(a) If filed in response to a notice u/s 139(9), tick ‘139(9)’

(b) If filed in response to notice u/s 142(1), tick ‘142(1)’

( ) If filed in response to notice u/s 148, tick ‘148’

(c) If filed in response to notice u/s 153A, tick
‘153A’

(d) If filed in response to notice u/s 1 53C, tick ‘153C’.

If filed in response to

notice or order , please

enter Unique
number/Document

Identification Number
&date of such notice or order or if filed u/s 92CD

enter date of advance
pricing agreement

In case the return is being filed in response to a statutory notice, or in pursuance to an order under

section 119(2)(b) condoning the delay, or in
accordance with an APA u/s 92CD, please enter

the unique number/Document Identification
Number and date of the relevant statutory notice, or the date of condonation order or the date on

which the Advanced Pricing Agreement was
entered (as applicable).

Residential Status in India (Tick applicable option) Please specify your residential status in India by

ticking the applicable checkbox:

oResident.

oNon Resident

In type of company is selected as domestic

company , the residential status should be selected as “Resident”

Whether assessee has

opted for taxation under

section

11 5BA/115BAA/115BAB

In case you are a ‘domestic company’, please specify the following by selecting the applicable dropdown :-

(a) whether you have opted for charging of tax @ 25% on total income computed as per provisions of section 11 5BA;

?
(b) whether you have opted for charging of tax @ 22% on total income computed as per provisions of section 11 5BAA;

(c) whether you have opted for charging of tax @ 15% on total income computed as per provisions of section 11 5BAB;

(d) Select option “none of the above “in case you are not opting for any the sections specified above

Note

1. If you are selecting section

11 5BA/115BAA/1 15BAB, please ensure you have filed the corresponding forms on or before the due date of filing the return u/s

139(1) i.e. Form 10IB (section 115BA),

Form 10IC (section 115BAA) & Form 10ID (section 115BAB)

2. The above forms are required to be filed only in the first year when concessional rate of taxation is opted for the first time.

3. As per section 1 15BAB (1st Proviso), taxpayer cannot claim deductions & expenditures in respect of income not incidental to manufacturing/production. For example, in case of income from house

property no deduction will be allowed u/s 24(a) “standard Deduction” & u/s 24(b) “Interest paid”

 

 

Whether total turnover/ gross receipts in the previous year 2017-18 exceeds 400 crore rupees? If Drop is selected as “None of the above “ in above question , please select “yes” or “no” Whether total turnover/ gross receipts in the previous year 2017-18 exceeds 400 crore rupees?
Whether assessee is a resident of a country or specified territory with which India has an agreement referred to in sec 90 (1) or Central Government has adopted In case the company is resident in any country or specified territory outside India, please indicate whether any of the following two conditions are fulfilled, by ticking the applicable check box:-

(a) whether Central Government has entered into an agreement with the Government of that country

any agreement under sec 90A(1)? or specified territory u/s 90; or

(b) whether Central Government has adopted and implemented an agreement between any specified association in India with any specified association in the specified territory outside India u/s 90A.

In the case of non-resident,

is there a Permanent
Establishment (PE) in India

If you are a non-resident, please specify whether

you have a permanent establishment in India, by

ticking the applicable checkbox:

oYes

oNo

Whether assessee is

required to seek
registration under any law for the time being in force relating to companies?

If you are foreign company , Please indicate

whether you are required to seek registration under any law for the time being in force relating to companies, by ticking the applicable checkbox: oYes

oNo

Whether the financial

statements of the
company are drawn up in compliance to the Indian

Accounting Standards
specified in Annexure to

the companies (Indian

Accounting Standards)
Rules, 2015

Please indicate whether financial statement of the company have been drawn up in compliance to the Indian Accounting Standards (Ind-AS) specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015, by ticking the applicable check-box.

oYes

oNo

Whether assessee is

located in an International Financial Services Centre and derives income solely

in convertible foreign
exchange?

If you are located in IFSC and derives income

solely in convertible foreign exchange, please tick

the applicable checkbox:

oYes

oNo

Whether the assessee

company is under
liquidation

Please indicate the assessee company is

undergoing liquidation proceedings during the
previous year, by ticking the applicable check-box:-oYes

oNo

Whether you are an FII/ FPI? Yes/No.

If yes, please provide
SEBI Regn. No.

In case you are registered with SEBI as a Foreign

Institutional Investor (FII) or Foreign Portfolio
Investor (FPI), tick ‘Yes’ and provide registration number allotted by SEBI. Else tick ‘No’.

Whether the company is a

producer company as

defined in Sec.581A of
Companies Act, 1956?

Please indicate whether you are a ‘producer

company’ for the purposes of claim of deduction u/s 80PA, by ticking the applicable check-box:-oYes oNo

Please refer to clause (l) of section 581A of the

Companies Act, 1956 for definition of the term ‘producer company’.

Whether this return is Please tick the applicable check box.
being filed by a

representative assessee

DYes

DNo

In case the return is being filed by a representative

assessee, please furnish the following information:-

(a) Name of the representative

(b) Capacity of the representative (select from drop down list)

(c)Address of the representative

(d) PAN of the representative

(e) Aadhaar Number of the representative

Whether you are

recognized as start up by DPIIT

In case you are a start-up, please indicate whether you are recognised as start-up by the Department

for Promotion of Industry and Internal Trade

(DPIIT), by ticking the applicable checkbox.

D Yes

D No

If yes is selected , please mention the start-up recognition number allotted by the DPIIT in the relevant column.

If yes, please provide start

up recognition number
allotted by the DPIIT

Whether certificate from inter-ministerial board for certification is received? In case you are a start-up, please indicate whether certificate for the purposes of section 80-IAC has been received from the Inter-Ministerial Board of Certification, by ticking the applicable check-box. D Yes

D No

If yes, please mention the certification number in the relevant column.

If yes, provide the

certification number

Whether declaration in

Form-2 in accordance

with para 5 of DPIIT

notification dated
19/02/2019 has been filed before filing of the return?

In case you are a start-up, please indicate whether

you have filed declaration in Form-2 with the
Department for Promotion of Industry and Internal Trade (DPIIT), for seeking exemption from the provisions of section 56(2)(viib) of the Income-tax Act, before filing of return of income, by ticking the applicable checkbox.

D Yes

D No

If yes is selected above , please mention the date of filing Form-2 before the DPIIT.

If yes, provide date of

filing Form-2

AUDIT INFORMATION
a1) Whether liable to
maintain accounts as per section 44AA?
Please indicate whether you are liable to maintain books of accounts and other documents u/s 44AA

necessary for computation of total income in

accordance with the provisions of the Income-tax

Act by ticking the applicable checkbox:

D Yes

D No

a2) Whether assessee is

declaring income only

Please indicate whether you are declaring income only under section 44AE/44B/44BB/44BBA/44BBB
under section

44AE/44B/44BB/44BBA/44 BBB

by ticking the applicable checkbox:

D Yes

D No

a2i) If No,whether during

the year Total
sales/turnover/gross

receipts of business
exceeds Rs. 1 crore but does not exceeds Rs. 5 Crore?

If no is selected above, whether during the year Total sales/turnover/gross receipts of business

exceeds Rs. 1 crore but does not exceeds Rs. 5 Crore by ticking the applicable checkbox:

D Yes

D No

a2ii) If Yes is selected at a2i, whether aggregate of

all amounts received

including amount

received for sales,
turnover or gross receipts

or on capital account

such as capital

contribution, loans etc.
during the previous year, in cash, does not exceed

five per cent of said
amount?

Please indicate whether aggregate of all amounts

received including amount received for sales,
turnover or gross receipts or on capital account such as capital contribution, loans etc. during the previous year, in cash, does not exceed five per

cent of said amount by ticking the applicable
checkbox

D Yes

D No

a2iii) If Yes is selected at a2i, whether aggregate of

all payments made

including amount
incurred for expenditure

or on capital account
such as asset acquisition, repayment of loan etc., in cash, during the previous year does not exceed five

per cent of the said
payment ?

Please indicate whether aggregate of all payments made including amount incurred for expenditure or on capital account such as asset acquisition, repayment of loan etc. in cash, during the previous year does not exceed five per cent of the said payment by ticking the applicable checkbox:

D Yes

D No

Whether liable for audit under section 44AB? Please indicate whether you are liable to get your accounts audited by an accountant and furnish the report of audit u/s 44AB by ticking the applicable checkbox:

D Yes

D No

If (b) is Yes, whether the

accounts have been

audited by an
accountant?

If Yes, furnish the

following information
below

In case you are liable for audit, please indicate whether the accounts have been audited by an

accountant and furnish the following details of
audit-

(1) Date of furnishing of the audit report
(DD/MM/YYYY)

(0) Name of the auditor signing the tax audit report

(1) Membership No. of the auditor

(2) Name of the auditor (proprietorship/ firm)

(5) Proprietorship/firm registration number

(0) Permanent Account Number (PAN)/Aadhaar No. of the proprietorship/ firm

(6) Date of report of the audit

Please ensure that form 3CA-3CD or form 3CB-3CD is filed at e-filing portal on or before one month prior to due date of filing of return u/s 139(1)

Are you liable for Audit u/s 92E? In case you have entered into an international

transaction or specified domestic transaction
during the previous year, please tick ‘Yes’ and mention date of furnishing the audit report u/s 92E. Else, tick ‘No’.

If yes is selected , please ensure that form 3CEB is filed at e-filing portal on or before one month prior to due date of filing of return u/s 139(1)

Date of furnishing audit report? DD/MM/YYYY
If liable to furnish other audit report, mention the

date of furnishing the
audit report? (DD/MM/YY)

In case you are liable to furnish an audit report under any other provision of the Income-tax Act, please select the relevant clause and section from the given list and mention the date of furnishing such audit report.

List of some of the provisions mandating audit

report :-
1. 10AA

2. 33AB

3. 33ABA

4. 44DA

5. 50B

6. 80-IA

7. 80-IAB

8. 80-IB

9. 80-IC

10. 80-ID

11. 80JJAA

12. 80LA

13. 115JB

14.115VW

15.80IE

16 Any other (please specify)

Mention the Act, section and date of furnishing the audit report under any Act other than the Income-tax Act In case your accounts are required to be audited under any other law (other than Income-tax Act), please specify the relevant provision mandating the audit, and mention the date of furnishing such audit report.

List of other laws mandating audit:-

Banking Regulation Act, 1949

Central Excise Act,1944

Central Sales Tax Act, 1956

Central Goods and Services Tax Act, 2017

Charitable And Religious Trusts Act, 1920

Companies Act, 2013

Electricity Act, 2003

Employees Provident Fund and Miscellaneous
Provisions Act, 1952

Foreign Exchange Management Act, 1999 Government Superannuation Fund Act, 1956

Integrated Goods and Services Tax Act, 2017

Payment of Gratuity Act, 1972

SEBI Act, 1992

Securities Contract (Regulation) Act, 1956

State Goods and Services Tax Act, 2017

Union Territories Goods and Services Tax Act,

2017

Any other law (please enter details in text box)

HOLDING STATUS
Nature of company Please indicate the holding status of the company by selecting the appropriate code from the drop-down list:-

> If you are a holding company, select ‘1’

> If you are a subsidiary company, select ‘2’

> If you are both a holding and subsidiary company, select ‘3’

> In any other case, select ‘4’

Details of holding

company

In case you are a subsidiary company, please mention following details in respect of your holding company in the given table:-

1. PAN

2. Name

3. Address

4.Percentage of your shares held by the holding

company

Details of subsidiary

company

In case you are a holding company, please provide

following details in respect of your subsidiary
companies in the given table:-

1. PAN

2. Name

3. Address

4.Percentage of shares of the subsidiary company

held by you

BUSINESS ORGANISATION

In case there was a business reorganization such as amalgamation or demerger during the previous year, please provide the details thereof in the relevant column.

In case of amalgamating

company, mention the

details of amalgamated
company

In case of an amalgamation, please provide the following details of the amalgamated company, or the amalgamating company, as applicable, in the given table:-

1. PAN

2. Name

In case of amalgamated

company, mention the

details of amalgamating

company

3. Address

4.Date of amalgamation

In case of demerged

company, mention the

details of resulting
company

In case of a demerger, please provide the following details of the demerged company, or the resulting company, as applicable, in the given table:-

1. PAN

2. Name

3. Address

4.Date of demerger

In case of resulting

company, mention the

details of demerged
company

KEY PERSONS
Particulars of key persons

and details of eligible
person who is verifying the return

Please provide following particulars of key persons [i.e. the Managing Director, Directors, Secretary and Principal officer(s)] who have held the office during the previous year and details of eligible person who is verifying the return in the given table:-

1. Name

2. Designation

3. Residential address

4. PAN/Aadhaar No.

5. In case of Director, DIN issued by MCA

SHAREHOLDERS INFORMATION
Particulars of major

shareholders

Please provide following particulars of major

shareholders [i.e. beneficial owners of shares
holding not less than 10% of voting power] at any time during the previous year in the given table:-

1. Name and address

2. Percentage of shareholding

3. PAN/Aadhaar No.

OWNERSHIP INFORMATION
In case of unlisted

company, particulars of
ultimate beneficial owners

Please provide following particulars of natural

persons who were ultimate beneficial owners,
directly or indirectly, of shares holding not less than

10% of voting power at any time during the
previous year, in the given table:-

1. Name

2. Address

3. Percentage of shareholding

4. PAN/Aadhaar No.

In case of Foreign

company, please furnish the details of immediate parent company

In case you are a foreign company, please provide following particulars in respect of your immediate parent company and the ultimate parent company in the given table:-

1. Name

2. Address

3. Country of residence

4. PAN (if allotted)

5.Taxpayer’s registration number or any unique

identification number allotted in the country of
residence

In case of foreign

company, please furnish

the details of ultimate
parent company

NATURE OF COMPANY

Please specify the nature of company in columns (1) to (8) by ticking the

applicable check-box.

Whether a public sector

company as defined in

section 2(36A) of the
Income-tax Act

Please indicate whether you are a public sector

company as defined in section 2(36A), by ticking

the applicable check-box:

oYes

oNo

Whether a company

owned by the Reserve
Bank of India

Please indicate whether you are a company owned

by the Reserve Bank of India, by ticking the

applicable check-box:

oYes

oNo

Whether a company in

which not less than forty percent of the shares are

held (whether singly or

taken together) by the

Government or the
Reserve Bank of India or a corporation owned by that Bank

Please indicate whether you are a company in which not less than forty percent of the shares are held (whether singly or taken together) by the Government or the Reserve Bank of India or a corporation owned by that Bank, by ticking the applicable check-box:

oYes

oNo

Whether a banking

company as defined in
clause (c) of section 5 of

the Banking Regulation
Act,1949

Please indicate whether you are a banking

company as defined in clause (c) of section 5 of

the Banking Regulation Act,1949, by ticking the

applicable check-box:

oYes

oNo

Whether a scheduled

Bank being a bank

included in the Second
Schedule to the Reserve Bank of India Act

Please indicate whether you are a scheduled Bank being a bank included in the Second Schedule to the Reserve Bank of India Act, by ticking the applicable check-box:

oYes

oNo

Whether a company

registered with Insurance

Regulatory and

Development Authority

(established under sub-
section (1) of section 3 of the Insurance Regulatory

and Development
Authority Act, 1999)

Please indicate whether you are a company

registered with Insurance Regulatory and

Development Authority (established under sub-
section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999), by ticking the applicable check-box:

oYes

oNo

Whether a company

being a non-banking
Financial Institution

Please indicate whether you are a company being

a non-banking Financial Institution, by ticking the

applicable check-box:

oYes

oNo

Whether the company is unlisted? Please indicate whether you are a unlisted

company, by ticking the applicable check-box:

If yes, please ensure to fill up the Schedule SH-1 and Schedule AL-1 oYes
oNoIf ‘Yes’, please provide details of shareholding in Schedule SH-1 and details of assets and liabilities in Schedule AL-1.

Nature Of Business

Please enter the name of business, business Code and description of business. The applicable business code can be selected from the list provided at the end of this instruction. If you were engaged in more than one business or profession during the previous year, indicate the three main activities or products.

However, in case you are declaring income from business or profession on presumptive basis u/s 44AE, please fill up the details of nature of business at column 61 of Part A- P&L instead of this schedule .

PART A – BS (Item No. I and II)

Schedule Part A – Balance Sheet is required to be filled up by the assessee ,other than whose financial statements are drawn up in compliance to the Indian Accounting Standards (Ind AS) specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015.

In this part, please fill up the details of the Balance Sheet items as on 31st March, 2020, or as on the date of amalgamation, as per the given format, in respect of the business or profession carried out during the financial year 2019-20.

The reported figures of the balance sheet should match with the audited balance sheet, in case the accounts were required to be audited. Any other activity not being accounted in the books of accounts of business or profession, need not be included in this balance sheet.

The details of related parties referred to in the Balance Sheet should be filled up as per Schedule III of the Companies Act, 2013.

Please note if you are domestic company and is liable to maintain books of accounts as per section 44AA, then it is mandatory to fill balance sheet and Manufacturing or Trading or profit & loss account as applicable, otherwise your return will be treated as defective u/s 139(9) of the Act.

PART A – BS – Ind AS(Item No. I and II)

This balance sheet should be filled up in case you are a company whose financial statements are drawn up in compliance to the Indian Accounting Standards- (Ind AS) specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015.

In this part, please fill up the details of the Balance Sheet items as on 31st March, 2020, or as on the date of amalgamation, as per the given format, in respect of the business or profession carried out during the financial year 2019-20.

The reported figures of the balance sheet should match with the audited balance sheet, in case the accounts were required to be audited. Any other activity not being accounted in the books of accounts of business or profession, need not be included in this balance sheet.

The details of related parties referred to in the Balance Sheet should be filled up as per Schedule III of the Companies Act, 2013.

Please note if you are a domestic company and is liable to maintain books of accounts as per section 44AA, then it is mandatory to fill balance sheet and Manufacturing or Trading or profit & loss account as applicable, otherwise your return will be treated as defective u/s 139(9) of the Act.

Part A – Manufacturing Account (Item No. 1 to 3)

In this part, please fill up the details of Manufacturing Account for the financial year 2019-20 such as the opening inventory, purchases, direct wages, direct expenses, factory overheads and closing stock. At item No. 3 of this part, the cost of goods produced is computed on the basis of figures reported for opening inventory etc. which is then transferred to item No. 11 of trading account.

However, in case you were not required to maintain regular books of account of the business or profession, please fill up only the details sought at item No. 61(if income taxable u/s 44AE) or 62 ( if income taxable u/s 44B/44BB/44BBA/44BBB) of Part A – P&L, whichever is applicable,and leave out this part.

Part A-Trading Account (Item No. 4 to 12b)

In this part, please fill up the details of Trading Account for the financial year 2019-20 such as Sales/Gross receipts of business/profession, duties, taxes and cess etc. in respect of supplies, closing stock and opening stock of finished goods, purchases, direct expenses, duties/taxes etc. in respect of purchases. At item No. 12 of this part, the gross profit from business/profession is computed on the basis of figures reported for sales etc. which is then transferred to item No. 13 of profit and loss account.

In case you are engaged in intra-day trading activity during the year, please fill up the summary details in respect of such activity at column 12a and 12b viz. turnover and income.

However, in case you were not required to maintain regular books of account of the business or profession, please fill up only the details sought at item No. 61( if income taxable u/s 44AE)or 62 ( if income taxable u/s 44B/44BB/44BBA/44BBB) of Part A – P&L, whichever is applicable, and leave out this part.

Part A – P& L (Item No. 13 to 60)

In this part, please fill up the details of the profit and loss account for the financial year 2019-20 as per the given format, in respect of the business or profession carried out during the financial year 2019-20.

In case you were required to maintain regular books of accounts for the business or profession, please fill up details at item No. 13 to 60.

In case you are not required to maintain regular books of accounts, please fill up details at item No. 61(if income taxable u/s 44AE) or 62( if income taxable u/s 44B/44BB/44BBA/44BBB) of this part, whichever is applicable, and leave out other items.

The reported figures of the profit and loss account should match with the audited profit and loss account; in case the accounts were required to be audited. Any other activity not being accounted in the books of accounts of business or profession need not be included in this profit and loss account.

Part A – P& L (Item No. 61)

Please fill up item No. 61 only in case you are declaring income from business of plying, hiring or leasing of goods carriages on presumptive basis as per section 44AE. Please also ensure that the receipts/income from such business activity should not be included in the business or profession being reported at item Nos. 1 to 60.

In the first table, please enter the name of business, business code and description of business. The applicable business code can be selected from the list provided at the end of this instruction.

In the second table at S. No. 61(i), please enter the details of registration No., ownership, tonnage capacity, period of ownership and presumptive income in respect of each goods carriage in the respective column. These details are to be furnished separately for each goods carriage owned during the year, in separate rows. Please note at any time during the year the number of vehicles should not exceed ten vehicles.

In the column on ownership [column No. (2)], please indicate whether the goods carriage was engaged for plying, hiring or leasing by the assessee. In the column on period of ownership [column No. (4)], please mention the number of months for which the goods carriage was engaged in plying, hiring or leasing by the assessee.

The total presumptive income from the business of goods carriages should be reported at S. No. 61(ii), which is the aggregate amount of presumptive incomes from each goods carriage reported at column (5) of the second table.

In case you have actually earned income at the rates higher than the specified rate per vehicle per month, please note that you have to declare income at such higher rate.

However, if the income being declared is less than the specified rates per vehicle, or number of vehicles exceeds ten at any time during the year, it is mandatory to maintain books of accounts and get the same audited under section 44AB. In such case, the details of tax audit have to be mentioned in Part-A (General) – Audit information and the details of income etc. have to be reported in the regular columns i.e. item No. 1 to 60.

Part A – P& L (Item No. 62)

In case of foreign company whose total income comprises solely of profits and gains from business referred to in sections 44B, 44BB, 44BBA or 44BBB, please fill up the summary details in respect of such activity at column 62 viz. gross receipts/ turnover and net profit.

Part A – Manufacturing AccountInd-AS (Item No. 1 to 3)

This manufacturing account should be filled up in case you are a company whose financial statements are drawn up in compliance to the Indian Accounting Standards (Ind AS) specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015.

In this part, please fill up the details of Manufacturing Account for the financial year 2019-20such as the opening inventory, purchases, direct wages, direct expenses, factory overheads and closing stock. At item No. 3 of this part, the cost of goods produced is computed on the basis of figures reported for opening inventory etc. which is then transferred to item No. 11 of trading account.

Part A-Trading Account Ind-AS (Item No. 4 to 12b)

This trading account should be filled up in case you are a company whose financial statements are drawn up in compliance to the Indian Accounting Standards (Ind AS) specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015.

In this part, please fill up the details of Trading Account for the financial year 2018-19 such as Sales/Gross receipts of business/profession, duties, taxes and cess etc. in respect of supplies, closing stock and opening stock of finished goods, purchases, direct expenses, duties/taxes etc. in respect of purchases. At item No. 12 of this part, the gross profit from business/profession is computed on the basis of figures reported for sales etc. which is then transferred to item No. 13 of profit and loss account.

In case you are engaged in intra-day trading activity during the year, please fill up the summary details in respect of such activity at column 12a and 12b viz. turnover and income.

Part A – P& L Ind-AS (Item No. 13 to 62)

This profit and loss account should be filled up in case you are a company whose financial statements are drawn up in compliance to the Indian Accounting Standards (Ind AS) specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015.

In this part, please fill up the details of the profit and loss account for the financial year 2019-20 as per the given format, in respect of the business or profession carried out during the financial year 2019-20.

In case you were required to maintain regular books of accounts for the business or profession, please fill up details at item No. 13 to 62.

The reported figures of the profit and loss account should match with the audited profit and loss account, in case the accounts were required to be audited. Any other activity not being accounted in the books of accounts of business or profession need not be included in this profit and loss account.

PART A- OI (Other Information)

In Part A-OI , details of allowances and disallowances are required to be furnished as per the Income Tax Act . In case the books of accounts of the business or profession were required to be audited under section 44AB, it is mandatory to fill up the information sought at various items (item No. 1 to 17) of this part. Otherwise, please fill up the information at items which are applicable.

Further, the figures mentioned against those items which are also required to be reported in the tax audit u/s 44AB should match with the information given in the tax audit report.

PART A- QD (Quantitative Details)

In Part A-QD, the quantitative details of trading and manufacturing account are required to be furnished in respect of principal items.

In case the books of accounts of the business or profession were required to be audited under section 44AB, it is mandatory to fill up the information sought at various items of this part.

In case of a trading concern, please fill up the quantitative details of opening stock, purchase and sales during the year and closing stock for principal items.

In case of a manufacturing concern, please fill up the quantitative details of main items of raw materials (viz. opening stock; purchase, consumption and sales during the year; closing stock & yield of finished products) and quantitative details of main items of finished products and by-products (viz. opening stock; purchase, manufacturing and sales during the year; closing stock).

PART A- OL (Receipt and payment account of company under liquidation)

Please fill up this part only in case of company under liquidation. The details of opening and closing balances of receipts and payments shall also be filled in requisite columns.

Schedule HP- Details of Income from House Property

Please indicate ownership of the house property, income from which is being reported in this Schedule, by selecting from the list in the drop down menu – Self/ Deemed Owner
Field Name Instruction
Address of property Please enter the complete address of the property including name of town or city, State, country and Pin code/Zip code. The name of State has to be selected from the drop down list.
Town/City
State
Pin code/ Zip code
Owner of Property Please select the owner of the property from the dropdown menu:

· Self

· Deemed Owner

Is the property co-owned Please state whether the property is co-owned by

you along with other owners by ticking the

applicable checkbox –

oYes

oNo

Assessee’s percentage of share in the Property If yes, please specify your percentage share in the property in the given box.
Name of Co-owners If yes, please specify the name, PAN /Aadhaar No. and respective percentage shares of other co-

owners of the property. Please add rows as
necessary.

PAN/Aadhaar No. of Co- owner(s)
Percentage share of co- owner(s) in property
Type of House property Please tick the applicable check box, indicating the usage of the house property during the previous year-

(a) If the house property consists of a house, or

part of a house, which is self-occupied, or treated as self-occupied u/s 23(2), tick ‘Self-Occupied’

(b) If the house property, or part thereof, was actually let out during whole or part of the year, tick ‘Let Out’

(c) If the house property, or part thereof, is deemed to be let out u/s 23(4), tick ‘Deemed Let Out’.

Name(s) of Tenant If the property was actually let out during the year or part of the year, please mention name, PAN/Aadhaar No. and TAN of the tenant(s).

Furnishing of PAN of tenant is mandatory if tax has been deducted at source u/s 194-IB. Furnishing of TAN of tenant is mandatory if tax has been deducted at source u/s 194-I.

PAN/Aadhaar No. of Tenant(s)

PAN/TAN/Aadhaar No. of Tenant(s)(if TDS credit is claimed)

1a Gross rent received/

receivable/    lettable
value during the year

If the house property is actually let out, please

enter the    amount   of   actual    rent   received    or
receivable in respect of the property during the year. Otherwise, enter the amount for which the

property might reasonably be expected   to         let
during the year.

1b The amount of rent

which cannot            be
realised

Please enter the amount of rent, out of the Gross rent receivable, which cannot be realised by the owner and has become irrecoverable. [Please refer Rule 4 and Explanation below sub-section (1) of section 23]
1c Tax paid to local authorities Please enter the amount of tax on house property which has been actually paid during the year, to local authorities such as municipal taxes paid etc.
1d Total (1b + 1c) This is an auto-populated field representing the aggregate of unrealised rent [1b] and taxes paid to local authorities [1c].
1e Annual Value (1a–1d) This is an auto-populated field representing the amount of Gross rent [1a] as reduced by amounts deductible therefrom for computing annual value [1d].

In case of self-occupied property, this field shall be taken as nil.

1f Annual value of the property owned Please compute the annual value of the share of property which is owned by you, by multiplying the

annual value arrived            at column (1e) with your
percentage share in the property.

1g 30% of 1f Please enter 30% of Annual Value of your share of your property.
1h Interest   payable           on

borrowed capital

In      case    the     property     has    been    acquired/

constructed/ repaired/ renewed/ reconstructed with borrowed capital, please enter the actual amount of interest payable on such borrowed capital.

In case the house property is ‘self-occupied’ as per provisions of section 23(2), the amount of interest payable on borrowed capital shall be restricted to Rs. 2 lakh or 30 thousand, as the case may be.

1i Total (1g + 1h) This is an auto-populated field representing the aggregate of amounts deductible u/s 24 under the head ‘house property’, namely, 30% of annual value [1g] and interest payable on borrowed capital [1h].
1j Arrears/Unrealized rent received during the year less 30% In case arrears of rent have been received, or unrealised rent has been realised subsequently from a tenant in respect of the house property,

during the      year,   please enter the        amount          of

arrears/unrealized rent so received, after reducing a sum equal to 30% of the arrears/unrealised rent.

 

1k Income from house property 1 (1f-1i+1j) This is an auto-populated field representing the net income from house property which is computed as annual value [1f] as reduced by total amounts deductible u/s 24 [1i] and as increased by arrears of rent etc. [1j]
Please fill up all the details above separately for each property owned or co-owned by you during the year income from which is assessable under the head ‘house property’ and compute net income from each house property separately.
2 Income from house property 2 (2f-2i+2j) This represents income from house property-2 which is computed in a similar manner as given at item No. 1 above.
3 Pass        through

income/loss, if any

The details       of pass through        income/loss from

business trust or investment fund as per section 11 5UA or 115UB are required to be reported separately in Schedule PTI.

If     any    amount   of    pass    through    income/loss

reported therein is of the nature of house property

income, the same has to be reported    at this
column in the Schedule HP for including the same in head-wise computation.

4 Income     under                   the

head “Income from house property”

This is an auto-populated field representing the aggregate of net incomes from all house properties

owned during the year [1k + 2k +           ] and also
the pass through income/loss of the nature of house property [3].

Schedule BP – Computation of income from business or profession

In this Schedule, income chargeableunder the head ‘Profits and gains of business or profession’ is computed starting from the net profit before taxes arrived at in the profit and loss account which is appearing at item No. 53 and item No. 61(ii) of Part A-P&L, or in case of Ind-AS companies, at item No. 53of Part A-P&L – Ind-AS.

In case any amount is reduced from credit side of profit and loss account to be shown under any other head of income, please ensure that the same is correctly reported in the corresponding head of income.

In case any amount is reduced from credit side of profit and loss account being exempt income, please ensure that the same is correctly reported in the schedule of exempt income.

Please note in case the income includes income chargeable from Royalty or Fees for Technical Services (FTS) and you want to claim the benefit of lower tax rates as per the DTAA, then income shall be reported in schedule Other Sources (OS). However , if the same is included in profit & loss account , you may reduce the same from Income Chargeable under the head Business or Profession (BP) at S. No. 3c and report the same under the schedule Other Sources.

Thereafter, profits or incomes of the following nature, which are included in the above net profit are deducted therefrom for separate consideration:-

  • Profit from speculative businesses
  • Profit from specified businesses u/s 35AD
  • Income credited to P&L which is to be considered under other heads
  • Incomes chargeable at special rates u/s 115BBF/11 5BBG
  • Profits from business or profession computed on presumptive basis
  • Incomes credited to P&L which is exempt
  • Profit and gains from Life insurance business u/s 11 5B
  • Income from activities which are covered under Rule 7, 7A, 7B and 8

Expenses debited to the P&L account relating to the above categories of income are added back along with book depreciation and amortization. The depreciation admissible as per the provisions of the Income-tax Act is deducted to arrive at profit after adjustment of depreciation at item No. 13.

Item No.14 to item No. 19, list various disallowances of expenses debited to the P&L account whereas item No. 20 to 25 provide for additions of deemed incomes under various provisions of the Act. Out of these, item No. 23 is the residual column for entering any other type of income to be added. Any other income which is not included in the P&L account such as salary, commission, bonus or interest earned by the individual/HUF from any firm as a partner, should be separately reported at item No. 24. The aggregate amount of additions and disallowances are captured as an auto-filled figure at item No. 26.

Further, item No. 27 to item No. 34 provide for deductions allowable under various provisions of the Act . Out of these, item No. 33 is a residual column for entering any other amount allowable as deduction. The aggregate amount of deductionsallowable are captured as an auto-filled figure at item No. 35.

The net business income is computed at item No. 36, after adding the aggregate amount of additions and disallowances (item No. 26) to the adjusted profit and loss (item No. 13) and reducing the permissible deductions therefrom (item No. 35).

The profits and gains from business and profession computed as per special provisions on presumptive basis are reported separately at item No. 37. Profits in respect of each such activity should be reported as a separate line item.

The total net profit from business or profession is computed at item No. 38 as aggregate of net business income (item No. 36) and profits computed on presumptive basis (item No. 37).

In a case where income from activities covered under Rule 7, 7A, 7B and 8 is included in the P&L account, the break-up of deemed business income chargeable under these rules and business income chargeable other than these rules is required to be mentioned at item No. 39. In such a case, balance of income deemed as agricultural income should be reported at item No. 40

In any other case, only the figure of net profit from business or profession computed at item No. 38 should be reported at item No. 39.

Please ensure that following audit report have been filed on or before one month prior to due date of filing of return u/s 139(1) in the following cases: –

Section Form Number
Deduction claimed u/s 33AB(2) 3AC
Deduction claimed u/s 33ABA(2) 3AD
Deduction claimed u/s 35D/35E (form

to   be filed    only when    deduction    is
claimed for the first time )

3AE
Income taxable u/s 44DA 3CE
Income taxable u/s 115VW 66

Part B of this Schedule provides for separate computation of income from speculative business, in case any profit from speculative business was included in the P&L account.

Part C of this Schedule provides for computation of income from specified business u/s 35AD, in case any profit from specified business was included in the P&L account.

The total income chargeable under the head ‘profits and gains from business and profession’ is computed at Part D of this Schedule, as aggregate of net profit from business or profession other than specified business or speculative business (item No. A39), income from speculative business (item No. B44) and income from specified business (item No. C50).

Profits & Gains from Life Insurance Business referred in section 115B mentioned at Sl. No. A4b should be further taken to table E of this schedule and accordingly will be offered for intra head set off business loss of current year in Table F.

Please note the amount at E(ii) & E(iii) should be equal to zero/Null as taxpayer cannot claim any deduction from the income from life insurance business referred to in section 115B as per the First Schedule of the Income Tax Act.

Part F of this Schedule provides for intra-head set off of normal business losses with incomes from specified business or speculative business or Insurance business during the current year. Losses from specified businesses or speculative businesses or Insurance business u/s 115B, if any, are not allowed to be set off against normal business income.

Schedule DPM

Schedule DPM provides for computation of depreciation admissible under the Income-tax Act for the year in respect of plant and machinery. This does not include plant and machinery on which full capital expenditure is allowable.

Please ensure that taxpayers who have opted for section 1 15BAA, the opening WDV is to recomputed by adjusting the amount of the unabsorbed depreciation attributable to section 32(1)(iia)

Please Note: The taxpayer who have opted for section 11 5BA, 115BAA and 11 5BAB are not eligible for additional depreciation u/s 32(1)(iia) as referred in row no 12, 13 and 14 of schedule DPM.

Schedule DOA

Schedule DOA provides for computation of depreciation admissible under the Income-tax Act for the year in respect of other category of assets – land, building, furniture and fittings, intangible assets and ships. This does not include assets on which full capital expenditure is allowable.

Schedule DEP

Schedule DEP contains a summary of depreciation admissible under the Income-tax Act for the year in respect of all category of assets – plant and machinery, land, building, furniture and fittings, intangible assets and ships. This does not include assets on which full capital expenditure is allowable. The figures in this Schedule are taken as computed in the relevant column (s) of Schedule DPM and Schedule DOA.

Schedule DCG

Schedule DCG contains a summary of deemed short-term capital gains on sale of depreciable assets during the year as per the Income-tax Act under various category of assets – plant and machinery, land, building, furniture and fittings, intangible assets and ships. The figures in this Schedule are taken as computed in the relevant column (s) of Schedule DPM and Schedule DOA.

Schedule ESR

Schedule ESR captures the details of expenditure on scientific research etc. referred to in section 35, expenditure on agricultural extension project referred to in section 35CCC and expenditure on skilled development project referred to in section 35CCD. The amounts of specified nature debited to the P&L account, if any, should be reported in column (2) of the Schedule. Out of this, the amount which is eligible for deduction under the relevant provision i.e. section 35, section 35CCC or section 35CCD should be reported in column (3).

Further, in case any deduction has been claimed on account of donations to research associations etc., the name, address and PAN of donee and the mode of donation paid should be provided as per Schedule RA.

Schedule CG – Capital Gains

Capital gains arising from sale/transfer of different types of capital assets have been segregated. In a case where capital gains arises from sale or transfer of more than one capital asset, which are of same type, please make a consolidated computation of capital gains in respect of all such capital assets of same type , except for following: –

(a) In case of Long term/Short Term Capital Gain arising on sale of Immovable property i.e. A1 & B1 where capital gain are required to be computed separately for each property and

(b) In case of long term capital gains (LTCG) arising on sale of equity shares in a company or unit of equity oriented fund or unit of business trust on which STT is paid, computation of capital gains should be made as per item No. B5 ) or item No. B8.

Please note that separate computation of capital gains should be made for each scrip or units of mutual fund sold during the year as per schedule 112A & 115AD(1)(b)(iii)-proviso. The net capital gains arising on sale of individual scrips should be aggregated and will be auto-populated to B5 & B8 respectively. Thereafter, tax shall be charged at a flat rate of 10% on the aggregate LTCGin schedule SI as reduced by Rupees One lakh, for the purpose of tax computation.

Part A of this Schedule provides for computation of short-term capital gains (STCG) from sale of different types of capital assets. Out of this, item No. A4 and A5 are applicable only for non-residents.

Part B of this Schedule provides for computation of long-term capital gains (LTCG) from sale of different types of capital assets. Out of this, item No. B6, B7 and B8 are applicable only for non-residents.

STCG/LTCG on sale of immovable property, if any, should be reported at item No. A1/B1. It is mandatory to disclose the details of immovable property, name and PAN of the buyer etc. as per the given table. These details should be furnished separately for each immovable property transferred during the year.

(i) If you have sold Land & building , quoting of PAN of buyer is mandatory only if tax is deducted under section 194-IA or is mentioned in the documents.

(ii) If you are resident and sold land & Building outside India , the details of property and name of buyer should invariably be mentioned irrespective of fact that whether land and building situated outside India , etc.

The details of pass through income/loss from business trust or investment fund as per section 115UA or 115UB are required to be reported separately in Schedule PTI. In case any amount of pass through income/loss reported therein is of the nature of short-term capital gain, the same has to be reported at item No. A8 of this Schedule. Further, in case any amount of pass through income/loss reported therein is of the nature of long-term capital gain, the same has to be reported at item No. B11 of this Schedule.

Amount of STCG/LTCG on assets referred in A1 -A8/ B1-B11 which is chargeable at special rates or not chargeable to Tax in India in accordance with the relevant article of the Double Taxation Avoidance Agreement (DTAA) of India with another country, if any, should be reported at item No. A9/B12.

In the given table, please report the amount of income at column (2) and furnish other relevant details sought in the table such as relevant article of DTAA at column (5), treaty rate at column (6), rate as per Income-tax Act at column (9) and the applicable rate, which is lower of the two rates, at column (10). Please report whether Tax Residency Certificate (TRC) is obtained from the country of residence in column no. 7. This column is applicable only in case of Non-Residents.Please note if TRC flag is “No” income will be chargeable as per the applicable rates specified in

Part Cof this Schedule computes the total of short-term capital gain (item No. A10) and long-term capital gain (item No. B13).In case the total amount of long-term capital gain at item No. B13 is a loss figure, the same shall not be allowed to be set off against short-term capital gains. In such a case, the figure at item No. B13 should be taken as Nil and only the figure of item No. A10 should be taken as item C.

Deductions can be claimed in respect of capital gains subject to fulfillment of prescribed conditions under sections 54D or 54EC or 54G or 54GA. Deduction under section 54EC is available only against long-term capital gains. In case any deduction is claimed against any type of capital gains, the details of such claim have to be furnished as per part D of this Schedule.

Part E of this Schedule provides for intra-head set off of current year capital losses with current year capital gains. The Schedule separates different category of capital gains (long-term and short-term) into different baskets according to rate at which the same is chargeable to tax:

  • The applicable rate implies the rate of tax at which the normal income of the assessee is otherwise taxable.
  • The DTAA rate refers to the special rate at which the short-term capital gains or long-term capital gains is chargeable to tax in accordance with the relevant article of the Double Taxation Avoidance Agreement (DTAA) of India with another country.

The figures in column 1 list out the categories of capital gains against which capital losses of the current year can be set off. Similarly, figures in row ‘i’ provides for different categories of capital losses of the current year which can be set off against capital gains in column 1.

The figures in row ‘i’ and column ‘1’ are derived from addition of figures computed at relevant items of Schedule CG as indicated. Thus, (A3e*+A4a*+A8a*) is addition of short-term capital gains reported at items Nos. A3e, A4a and A8a as reduced by the amount of short-term capital gains not chargeable to tax or chargeable to tax at DTAA rates which is included therein. Further, if (A3e*+A4a*+A8a*) represents a negative figure it should be filled in cell ‘2i’ and if it is a positive figure it should be filled in cell ‘1ii’.

The assessee may set off the capital loss of row ‘i’ with any category of capital gains in column ‘1’ except that the long-term capital loss can only be adjusted with any long-term capital gains only. The amount of capital loss set off has to be entered into in the relevant rows of columns 2 to 8.

The capital gains of current year remaining after intra-head set off is computed in column 9, which is then taken to Schedule CYLA for computing inter-head set off of current year losses. The remaining capital loss of current year is computed in row (x) which is taken to Schedule CFL for reporting of losses to be carried forward to future years.

In Part F of this Schedule, please report the quarter-wise details of accrual or receipt of incomes under the head ‘capital gains’ as per the table given.

The details of accrual or receipt have to be furnished separately for short-term capital gains (STCG) taxable at different rates and long-term capital gains (LTCG) taxable at different rates, for all quarters. The amounts of STCG and LTCG, in respect of which a quarter-wise break-up is required to be furnished, should be taken as computed in column 5 of Schedule BFLA, i.e. capital gains remaining after set-off of current year losses and brought forward losses.

For computing long-term capital gain, cost of acquisition and cost of improvement may be indexed, if required, on the basis of following cost inflation index notified by the Central Government for this purpose.

S. No. Financial Year Cost Inflation
Index
1. 2001-02 100
2. 2002-03 105
3. 2003-04 109
4. 2004-05 113
5. 2005-06 117
6. 2006-07 122
7. 2007-08 129
8. 2008-09 137
9. 2009-10 148
10. 2010-11 167
11. 2011-12 184
12. 2012-13 200
13. 2013-14 220
14. 2014-15 240
15. 2015-16 254
16. 2016-17 264
17. 2017-18 272
18. 2018-19 280
19 2019-20 289

If capital gain is arising from the slump sale u/s 50B i.e.figures are reported in A2/B2 of schedule CG, please ensure that form 3CEB is filed at e-filing portal on or before one month prior to due date of filing of return u/s 139(1)

Schedule 112A & Schedule 115AD(1)(b)(iii)-Proviso

In Schedule 112-A – please enter the scrip wise/unit wise detail of sale of equity shares of a company, an equity-oriented fund, or a unit of a business trust on which STT is paid under section 112A.This schedule is applicable for both residents & Non Residents

In Schedule 115AD(1)(b)(iii) proviso – please enter the scrip wise/unit wise detail of sale of equity shares of a company, an equity-oriented fund, or a unit of a business trust on which STT is paid under section 112A read with section 115AD(1)(b)(iii)-proviso. This schedule is applicable for Foreign Institutional Investors (FII)

Field No. Field Name Instruction
1 S. No Please enter the serial no.

The row can be added was required

2 ISIN Code Enter the International Securities Identification Number (ISIN code) in the text box.

In case the security or share do not have an ISIN Code, mention “INNOTAVAILAB” in this field.

3 Name of the Share/Unit Please enter the name of share/unit in the given box
4 No. of Shares/Units Enter the number of shares/units sold in the given box.
5 Sale-price per Share/Unit Please enter the sale price per share/unit in the given box.
6 Full value consideration (Total Sale Value 4*5) This field will be auto populated as No of shares/units (4) multiply with sale price per unit (5)
7 Cost of acquisition without indexation The Cost of acquisition without indexation will be auto populated as higher of Column 8 or Column 9
8 Cost of acquisition Enter the amount in the text box.
9 If the long-term capital asset was acquired before 01.02.2018, lower of 11 & 6 This field will be auto populated as the lower of Column 11 &Column 6
10 Fair Market Value per share/unit as on 31st January,2018 Enter the fair Market Value per

share/unit as on 31st January,2018 in the text box.

If shares/units are acquired after 31 January 2018 then please mention zero.

11 Total Fair Market Value of capital asset as per Section 55(2) (ac)- (4*10) This field will be auto-populated as the value of Column 4 multiplied with Column 10.
12 Expenditure wholly and exclusively in connection with transfer Enter the amount of expenditure wholly and exclusively in connection with transfer in the given box.
13 Total deductions (7+12) This field will be auto populated as the sum of Column7+ Column 12
14 Long term capital Gain Balance (6–13)

Item 5 of LTCG Schedule of CG

This field will be auto-populated as the value at column 6-Value at Column 13.
Item 8 of LTCG Schedule CG
Total of each column These fields should auto populate as sum of columns 6, 7, 8, 9, 11, 12, 13 and 14

Schedule-OSIncome from other sources

Sl.No Field Name Instruction
1 Gross income chargeable to tax at normal applicable rates Please enter the gross amount of income from other sources which are chargeable to tax at normal applicable rates. This is an auto-populated field representing the aggregate of figures reported at column 1a, 1b, 1c, 1d and 1e below.
1a Dividends, Gross ( not exempt u/s 10(34) & 10(35) Please      enter   the    amount    of    gross

dividend income which is chargeable to tax at normal applicable rates.

1b Interest, Gross Please      enter   the    gross     amount    of

interest income which is chargeable to tax at normal applicable rates. Please indicate break-up of interest income from separate sources such as interest from

savings     bank      account,interest      on
deposits with banks, post office or co­operative society, interest on income-tax refund, any pass through income/loss in

the   nature   of    interest  or    any    other
interest income.

1c Rental income from machinery, plants, buildings etc., Gross Please enter the gross amount of rental income from letting of machinery, plants,

furniture   or     buildings    belonging     to
assessee which is chargeable under the head ‘income from other sources’ under sections 56(2)(ii) or 56(2)(iii).

1d Income of the nature referred to

in   section    56(2)(x)    which    is
chargeable to tax

Please enter the total amount of income

of the    nature   referred   to    in   section
56(2)(x) which is chargeable to tax at normal applicable rates. This is an auto-

populated     field       representing       the
aggregate of figures reported at column di, dii, diii, div and dv below.

1di Aggregate value of sum of money received without consideration Please enter the aggregate value of any

sum       of      money     received     without

consideration,     in   case  the    aggregate

value exceeds Rs. 50,000/-.
1dii In case immovable property is received without consideration, stamp duty value of property Please enter the stamp duty value of property received without consideration, in case the stamp duty value exceeds Rs. 50,000/-.
1diii In case immovable property is

received        for          inadequate
consideration, stamp duty value of property in excess of such consideration

Please enter the stamp duty value of property in excess of consideration, in case the stamp duty value exceeds the consideration by more than Rs. 50,000/-or 5% of the consideration, whichever is higher.
1div In case any other property is received without consideration, fair market value of property Please enter the aggregate Fair Market Value (FMV) of the property received

without  consideration,   in    case    FMV
exceeds Rs. 50,000/-.

1dv In case any other property is received for inadequate consideration, fair market value of property in excess of such consideration Please enter the aggregate Fair Market Value (FMV) of the property in excess of

the   consideration,  in    case   the    FMV
exceeds the consideration by more than Rs. 50,000/-.

1e Any other income (please specify nature) Please enter any other income chargeable under the head ‘income from other sources’, at normal rates. Please specify nature and amount of such income.
2 Income chargeable at special rates (2a+ 2b+ 2c+ 2d + 2e relating to 1) Please enter the gross amount of income from other sources which is chargeable to tax at special rates such as winning

from  lotteries,     income chargeable   u/s
115BBE etc. This is an auto-populated

field  representing     the   aggregate     of
figures reported at column 2a, 2b, 2c, 2d,and 2e below.

Please note for non-residents elements related to sl no. 1 will be added only if TRC flag is “Yes” at column no. 7 of S. No. 2e

Please ensure that these incomes are also reported in Schedule SI (Income chargeable to tax at special rates) for proper computation of tax liability.

2a Winnings from lotteries, crossword puzzles etc. chargeable u/s 115BB Please report in this column, any income by way of winnings from any lottery or crossword puzzle or race including horse race or card game and other game of any sort or gambling or betting of any form or nature which is chargeable at special rates u/s 11 5BB.
2b Income chargeable u/s 115BBE Please report in this column, aggregate
(bi + bii + biii + biv+ bv + bvi) of incomes of the nature referred to in section 115BBE which are chargeable at special rates as prescribed therein. This is an auto-populated field representing

the    aggregate    of figures     reported    at

columns 2bi,  2bii,  2biii,  2biv,    2bv and
2bvi below.

2bi Cash credits u/s 68 Please report in this column any sum in the nature of unexplained cash credit, deemed as income of the year u/s 68.
2bii Unexplained investments u/s 69 Please      report    in     this    column    any

unexplained     investment   which  is   not

recorded  in   the    books    of   accounts,
deemed as income of the year u/s 69.

2biii Unexplained money etc. u/s 69A Please      report    in     this    column    any

unexplained money, bullion, jewellery or

other    valuable    article     which    is   not

recorded  in    the   books    of   accounts,
deemed as income of the year u/s 69A.

2biv Undisclosed investments etc. u/s 69B Please      report    in    this     column    any

unexplained investment or any bullion, jewellery or other valuable article which

is  not fully recorded     in the books      of
accounts, deemed as income of the year u/s 69B.

2bv Unexplained expenditure etc. u/s 69C Please      report    in    this   column,     any

unexplained expenditure or part thereof, deemed as income of the year u/s 69C.

2bvi Amount borrowed or repaid on hundi u/s 69D Please report in this column any amount borrowed on a hundi, or any repayment being due on a hundi, otherwise than through an a/c payee cheque drawn on a bank, deemed as income of the year u/s 69D.
2c Any other income chargeable at special rate (total of di to dxix) Please report in this column any other income under the head ‘income from other sources’ which is chargeable to tax at special rates. Please select the nature of income from drop down menu and enter the amount. In case of more than one type of income, please report each income as a separate line item. Please

ensure that these         incomes     are also

reported    in    Schedule      SI     (Income
chargeable to tax at special rates) for proper computation of tax liability.

List      of     types      of     income (i)       Dividends received by non-resident

(not              being   company)    or   foreign

company            chargeable          u/s
115A(1)(a)(i)

chargeable at special rate
(ii) Interest received from Government

or Indian concern on foreign

currency debts chargeable u/s 115A(1)(a)(ii)

 

(iii) interest received from Infrastructure

Debt Fund chargeable u/s 115A(1)(a)(iia)

 

(iv) Interest referred to in section 194LC – chargeable u/s 115A(1)(a)(iiaa)

 

(vi) Distributed income being interest referred to in section 194LBA(2) – chargeable u/s 115A(1)(a)(iiac)

 

(vii) Income from units of UTI or other Mutual Funds 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 received from Government or Indian concern – chargeable u/s 115A(1)(b)(A)& 115A(1)(b)(B)
(ix) Income by way of interest ordividends from bonds or GDRs purchased in foreign currency by non-residents- chargeable u/s 115AC(1)(a & b)
(x) Income received in respect of units purchased in foreign currency by an off-shore fund-115AB(1)(a)
(xi) Income (other than dividend) received by an FII in respect of securities (other than units referred to in section 115AB) – chargeable u/s 115AD(1)(i)
(xii) Income by way of interest received by an FII on bonds or Government
securities referred to in section 194LD – chargeable as per proviso to section 115AD(1)(i)
(xiii) Tax on non-residents sportsmen or sports associations chargeable u/s 115BBA
(xiv) Anonymous Donations in certain cases chargeable u/s 115BBC
(xv) Income by way of dividend received by specified assessee, being resident, from domestic company

exceeding rupees ten lakh chargeable u/s 115BBDA

xvi) Income by way of royalty from patent developed and registered in India – chargeable u/s 115BBF
(xvii) Income by way of transfer of carbon credits – chargeable u/s 115BBG
(xviii) Income from royalty where agreement entered between 31.3.1961 to 31.3.1976 and income from fees for technical services where agreement entered between 29.2.1964 and 31.3.1976, and agreement is approved by the Central Government.Paragraph EII of Part I of first schedule of Finance Act
(xix) Tax on dividend received by anIndian company from specified foreign company-115BBD

 

2d Pass through income in the nature of income from other sources chargeable at special rates

 

The details of pass through income from business trust or investment fund as per section 115UA or 115UB are required to be reported separately in Schedule PTI. If any amount of pass through income reported in Schedule PTI is of the nature of income from other sources, the same has to be reported at this column in the Schedule OS for including the same in head-wise computation. Please select the nature of pass through income from drop down menu and enter the amount. In case of more than one type of pass through income, please report each income as a separate line item.

 

List of types of pass through

income chargeable at special rates

 

PTI-115A(1)(a)(i)- Dividends interest and

income from units purchase in foreign currency

PTI-115A(1)(a)(ii)- Interest received from govt/Indian Concerns received in Foreign Currency

 

PTI-115A(1) (a)(iia) -Interest from Infrastructure Debt Fund

 

PTI-115A(1) (a)(iiaa) -Interest as per Sec. 194LC

 

PTI-115A(1) (a)(iiab) -Interest as per Sec. 194LD

 

PTI-115A(1) (a)(iiac) -Interest as per Sec. 194LBA
PTI-115A(1) (a)(iii) -Income received in
respect of units of UTI purchased in foreign currency
PTI-115A(1)(b)(A)- Income by way of royalty
PTI-115A(1)(b)(B)- Income by way of fee for technical services
PTI-115AB(1)(a)- Income of Off-shore
Funds from units purchased in foreign currency
PTI-115AC(1)(a & b) – Income from bonds or GDR purchased in foreign currency – non-resident
PTI 115BBD – Income received by an Indian company from specified foreign company-115BBD
PTI-115AD(1)(i) -Income received by an FII in respect of securities (other than units as per Sec 115AB)
PTI-115AD(1)(i)proviso -Income received by an FII in respect of bonds or government securities as per Sec 194LD
PTI-115BBA – Income of non-residents sportsmen or sports associations PTI-115BBC – Anonymous donations
PTI-115BBDA – Dividend Income from domestic company exceeding 10 Lakh
PTI-115BBF – Income from patent
PTI-115BBG – Income from transfer of carbon credits
PTI-Income from royalty where agreement entered between 31.3.1961
to 31.3.1976 and income from fees for
technical services where agreement
2e 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)

 

Please report in this column any income under the head ‘income from other sources’ which is chargeable at special rates in accordance with the relevant article of the Double Taxation Avoidance Agreement (DTAA) of India with another country. This fieldwill be an auto-populated field representing totalof
column 2 of the given table. For Non-residents total of fields of column 2 will be computed only if TRC flag is “yes” In the given table, please report the amount of income at column (2) and furnish other relevant details sought in the table such as relevant article of DTAA at column (5), treaty rate at column (6), rate as per Income-tax Act at column (9) and the applicable rate, which is lower of the two rates, at column (10). Please report whether Tax Residency Certificate (TRC) is obtained from the country of residence in column no. 7 . This column is applicable only in case of Non-Residents. Please note if TRC flag is “No” income will be chargeable as per the applicable rates specified for such income .
Please report in this column any income under the head ‘income from other sources’ which is chargeable at special rates in accordance with the relevant article of the Double Taxation Avoidance Agreement (DTAA) of India with another country. This fieldwill be an auto-populated field representing totalof
column 2 of the given table. For Non­residents total of fields of column 2 will be computed only if TRC flag is “yes”

In the given        table,  please     report the

amount of income at column (2) and furnish other relevant details sought in

the table such         as  relevant   article   of

DTAA at column       (5),   treaty     rate   at
column (6), rate as per Income-tax Act at column (9) and the applicable rate, which is lower of the two rates, at column (10).

Please report whether Tax Residency Certificate (TRC) is obtained from the country of residence in column no. 7 . This column is applicable only in case of Non-Residents.

Please note if TRC flag is “No” income will be chargeable as per the applicable rates specified for such income .

3 Deductions under section 57:-

(other   than      those    relating  to income   chargeable at  special
rates under 2a, 2b & 2d)

Any claim of deduction u/s 57 relating to income under the head ‘income from other sources’chargeable   at  normal applicable rates should  be mentioned
here.Deduction under column “depreciation” will be available only if income is offered in column 1c
4 Amounts not deductible u/s 58 Any amount which is not deductible in computing income chargeable under the head ‘income from other sources’ by virtue of section 58 should be reported in this column.

In case any expenditure or deduction is claimed u/s 57 but the whole or part

thereof becomes    inadmissible as     per
section 58, the same should also be reported here.

5 Profits chargeable to tax u/s 59 Any profit which is chargeable to tax

under the    head   ‘income    from   other
sources’ by virtue of section 59 read with

section 41   should  be reported     in this
column.

6 Net Income from other sources chargeable at normal applicable rates (1 – 3 + 4 + 5- 2erelating to 1) (If negative take the figure to 4i of Schedule CYLA) Please enter the net amount of income

under the    head   ‘income    from   other
sources’ which is chargeable to tax at normal applicable rates.

This     is      an      auto-populated     field

representing  the    gross    income   from
other sources chargeable at normal rates

[item    1]     as    reduced      by    income
chargeable at special rates specified in item 2e (related to item 1) and further

reduced           by deductions u/s 57 [item

3]and   as  increased    by amounts     not
deductible u/s 58 [item 4] and profits chargeable to tax u/s 59 [item 5].

7 Income     from     other     sources

(other than from owning race horses)(2+6) (enter 6 as nil, if negative)

Please enter the aggregate of incomes chargeable under the head ‘income from

other sources’,    excluding    the   income
from activity of owning and maintaining race horses.

This     is      an      auto-populated     field

representing the aggregate of income chargeable at special rates [item 2] and

net    income     chargeable      at   normal
applicable rates [item 6].

8 Income     from   the    activity     of

owning and maintaining race horses

Please report in this column net income

from    the     activity     of     owning    and
maintaining race horses.

Please furnish break-up in terms of Gross receipts at item 8a,

Deductions in relation to such activity at item 8b,

Amounts not deductible as per section 58 relating to this activity at item 8c

Profit chargeable to tax as per section 59 relating to this activity at item 8d

Compute the net income at item 8e as (8a – 8b + 8c + 8d)

In case the net income computed at item 8e is negative, take this figure to item 11xv of Schedule CFL for carry forward of loss from the activity of owning and maintaining race horses to future years.

9 Income under the head “Income from other sources” (7+8e) (take 8e as nil if negative) Please   compute    in   this    column   the

aggregate     income   chargeable    under
head ‘income from other sources’.

This       is      an     auto-populated       field

representing the aggregate of income

from      other sources       (other than from

owning  and   maintaining     race horses)
computed at item 7 and net income from

the activity of       owning and maintaining

race horses computed at item 8e.
10 Information                               about accrual/receipt of income from Other Sources Please report the period-wise details of accrual or receipt of incomes under the head ‘income from other sources’ in the table given at this column.

The   details     have   to be furnished separately for dividend income of the nature referred to in section 115BBDA and any income by way of winnings from  lotteries,    crossword     puzzles,     races,
games, gambling, betting etc. referred to in section 2(24)(ix)

Schedule-CYLA – Details of Income after set-off of current year losses

If the net result of computation under the head ‘income from house property’, ‘profits and gains from business or profession (excluding Income from life insurance business u/s 115B , speculation business and income from specified business ) and ‘income from other sources’ is a loss figure, please fill up the figure of loss in the first row under the respective head.

Please note that loss from speculative business or specified business or Insurance Business u/s 115B cannot be set off against income under other heads for the current year. Similarly, loss from activity of owning and maintaining horse races cannot be set off against income under other heads for the current year.

The positive income computed under various heads of income for the current year should be mentioned in column (1) in the relevant row for the respective head. Short-term capital gains or long-term capital gains chargeable to tax at various rates should be mentioned in separate rows as indicated in the Schedule.

The losses mentioned in row (i) can be set off against positive incomes mentioned under other heads in column (1) in accordance with the provisions of section 71.

In a case where loss is computed under the head “income from house property”, such loss can be set off against income under any other head only to the extent it does not exceed rupees two lakh.

The amount of current year loss which is set off against the income computed under other heads should be entered into in columns 2, 3 and 4, in the relevant rows.

In column (5), please mention the net income remaining after set off of current year losses, under the respective heads of income, in the relevant rows.

In row (xvii), please mention the total of current year losses set off out of the columns (2), (3) and (4).

In row (xviii), please mention the remaining loss under various heads i.e. house property loss at column (2), business loss at column (3) and loss from other sources at column (4).

The unabsorbed losses allowed to be carried forward out of this should be taken to Schedule CFL at row xv for carry forward to future years.

Schedule-BFLADetails of Income after Set off of Brought Forward Losses of earlier years

The positive income remaining after set off of current year losses, as per Schedule CYLA, under various heads of income for the current year should be mentioned in column (1) in the relevant row for the respective head. The net positive short-term capital gains or long-term capital gains chargeable to tax at various rates should be mentioned in separate rows as indicated in the Schedule.

In column (2), the amount of loss brought forward from earlier years which can be set off against various heads of income should be entered in the relevant row.

  • Brought forward short-term capital loss can be set off against any item of short-term or long-term capital gains. However, brought forward long-term capital loss can only be set off against an item of long-term capital gains.
  • Brought forward loss from activity of owning and maintaining horse races can be set off only against positive income from the same activity during the current year.
  • Brought forward loss from speculation business can be set off only against positive income from speculation business during the current year.
  • Brought forward loss from specified business can be set off only against positive income from specified business during the current year.

In column (5), please mention the net positive income of current year remaining after set off of brought forward losses under various heads of income in the relevant rows. The head-wise total of column (5) should be captured in row (xvii) thereof which should be the figure of Gross Total Income (GTI) of the year.

The aggregate of brought forward losses under various heads, unabsorbed depreciation & allowance under section 35(4) set-off against positive income of the current year should be mentioned in row (xvi) of column (2), (3) and (4) respectively.

Schedule-CFL Details of Losses to be carried forward to future years

Please enter the assessment year-wise details of losses brought forward from earlier years in the first eight rows [row (i) to row (x)] under various heads of income at respective columns [column (4) to column (10)].

The column no 4, 9 & 12 are further divided into 3 columns . Please enter the pass through loss distributed by business trust and investment fund to its unit holders as per provisions of 115UB.

The aggregate amount of brought forward losses under various heads of income should be mentioned in row (xi).

In row (xii), please enter the brought forward loss distributed by the Investment fund to the unit holders as per the sub section 2A of section 115UB.

In row (xiii) , please enter the balance brought forward loss of earlier years available for set off during the year i.e. row (xi-xii)In row (xiv), please enter the amount of brought forward losses under various heads set off against income of current year in the respective columns. The head-wise figures of set off of brought forward loss should be taken from column (2) of Schedule BFLA.

In row (xv), please enter the amount of remaining losses of current year under various heads in the respective column. The head-wise figures of remaining current year losses should be taken from the relevant cell of Schedule CYLA, Schedule BP, Schedule CG and Schedule OS as indicated below:

Sr.
No.
The fields in row no. xv “2020-21(Current year
losses to be carried forward)”
Source of Auto-population
1 House property loss (4c) 2xviii of schedule CYLA
2 Loss from    business   other than         loss from

speculative business and   specified   business
(5c)

3xviii of schedule CYLA
3 Loss from speculative business (6) B44 of schedule BP
4 Loss from specified business (7) C50 of schedule BP
5 Loss from life insurance business u/s 1 15B (8) E(iv) of schedule BP
5 Short-term capital loss (9c) (2x+3x+4x+5x) of item E of schedule CG
6 Long-term capital loss (10c) (6x+7x+8x) of item E of schedule CG
7 Loss from owning and maintaining race horses (11) (8e of schedule OS, if – ve)

In row (xvi), please enter the amount of aggregate loss under various heads to be carried forward to future years in the respective column.

In row (xvii), please enter the amount of current year loss of Investment fund is distributed to unit holder out of row (xv) The losses under the head “house property”, ‘profit and gains of business or profession (other than speculative & specified business)”, or ‘capital gains’ allowed to be carried forward for 8 assessment years. However, loss from the activity of owning and maintaining race horses & from speculative business can be carried forward only for 4 assessment years and there is no time limit to carry forward the losses from the specified business under 35AD.

Please ensure that taxpayers who have opted for section 1 15BA and 115BAA , the brought forward losses of earlier years has to recomputed by reducing the loss attributable to deductions under section 10AA, 32(1)(iia) , 32AD, 33AB , 33ABA , 35(1 (ii), 35(1)(iia), 35(1)(iii),35(2AA), 35(2AB), 35AD, 35CCC, 35CCD or deduction under part C of chapter VIA except for the those provided in said section .

Please note : Taxpayer has opted for section 1 15BA in the past year and had made the corresponding adjustment is that year, then no adjustments are required to be made in schedule CFL with respect to above mentioned sections.

Schedule–UD- Unabsorbed depreciation and allowance under section 35(4)

In this Schedule, amount of brought forward unabsorbed depreciation and allowance undersection 35(4) for each assessment year, amount of depreciation and allowance under section 35(4) set-off against the current year’s income and the balance unabsorbed depreciation and allowance under section 35(4) to be carried forward to the next assessment year needs to be mentioned.

Please ensure that taxpayers who have opted for section 1 15BA and 115BAA , the unabsorbed depreciation of earlier years has to recomputed by reducing the loss attributable to section 32(1)(iia)

Schedule-ICDSEffect of Income Computation Disclosure Standards on profit

Income Computation Disclosure Standards (ICDS) have come into force from financial year 2016-17 and onwards. Deviation from each ICDS as notified under section 145(2) of the Income-tax Act that has an effect on profit is to be filled in column (iii) of the said Schedule. If the total effect of ICDSadjustments on profit is positive, the same should be mentioned at serial no. 11(a) and should be taken to item no. 3(a) of Part A-OI (Other Information). If the total effect of ICDSadjustments on profit is negative, the same should be mentioned at serial no. 11(b) and should be taken to item no. 3(b) of Part A-OI (Other Information).

Schedule-10AADeduction in respect of units located in Special Economic Zone

If there are more than one undertaking entitled for deduction under this section, please enter the details of deduction for each undertaking separately as reported in Form No. 56F being the report of audit u/s 1 0AA.

In case details are filled in schedule 10AA, providing details in S. No. “B” of schedule DI is mandatory.

Schedule- 80G Details of donations entitled for deduction u/s 80G

Please furnish following details of donations made to charitable institutions or specified funds during the year in the respective table given in the Schedule:-

1. Name and address of donee

2. PAN of donee

3. Total amount of donation – give break-up of amount paid in cash/other mode

4. Eligible amount of donation (Amount which is eligible for deduction)

In Table A, furnish details of donations entitled for 100% deduction without qualifying limit.

In Table B, furnish details of donations entitled for 50% deduction without qualifying limit.

In Table C, furnish details of donations entitled for 100% deduction subject to qualifying limit

In Table D, furnish details of donations entitled for 50% deduction subject to qualifying limit.

Please note that :-

1. The total amount of deduction claimed u/s 80G should also be separately mentioned in table 1 of the Schedule VI-A.

2. No deduction will be allowed u/s 80G in case Donation in cash exc₹ eeds 2,000/-

Schedule-80GGA Details of donations for scientific research or ruraldevelopment

Please furnish following details of donations made during the year to research association, university, college or other institution for scientific research or any programme of rural development etc. in the respective table given in the Schedule:-

  1. Relevant clause under which deduction is claimed
  2. Name and address of donee
  3. PAN of donee
  4. Total amount of donation – give break-up of amount paid in cash/other mode
  5. Amount which is eligible for deduction

Please note that:-

  1.  The total amount of deduction claimed u/s 80GGA should also be separately mentioned in table 1 of the Schedule VI-A.
  2. No deduction will be allowed u/s 80GGA in case Donation in cash exceeds₹ 10,000/-

Schedule- RA- Details of donations to research associations etc. [deduction  under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA)]

In Schedule RA, please furnish the following details of donations given to research associations in the respective column-

  1.  Name and address of donee
  2. PAN of donee
  3.  Total amount of donation – give break-up of amount paid in cash/other mode
  4.  Eligible amount of donation

These details of donation have to be furnished in a case where a claim of deduction is made under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA). The amount of deduction claimed should also be separately mentioned in the Schedule ESR.

Schedule- 80-IA, Schedule- 80-IB, Schedule- 80-IC and Schedule-80-IE

If there are more than one undertaking entitled for deduction under any of these sections, please enter the details of deduction in relevant Schedule for each undertaking separately.

The amount of deduction for an undertaking shall be as per item 30 of Form No.10CCB being the report of audit under sections 80-IA/ 80-IB/ 80-IC and 80-IE except in the case of following

Schedule 80IB Form
Number
Field of the form
Deduction  in the case of         multiplex theatre

[Section 80-IB(7A)]

10CCBA Point no 10(v)
Deduction in the case of convention center [Section 80-IB(7B)] 10CCBB Point no 10(v)
Deduction  in   the    case    of   an   undertaking

engaged in operating and maintaining a rural hospital [Section 80-IB(11B)]

10CCBC Point no 11(v)
Deduction  in   the    case    of   an   undertaking

engaged  in    operating    and    maintaining    a
hospital in any area, other than excluded area [Section 80-IB(11C)

10CCBD Point no 11 (d)

Please note that the total amount of deduction claimed u/s 80IA, 80IB, 80IC, & 80IE should also be separately mentioned in table 2 of the Schedule VI-A.

Also ensure that the above forms are filedare filed at e-filing portal on or before one month prior to due date of filing of return u/s 139(1), if deduction is claimed in any of the section specified above

Schedule-VIA Deductions under Chapter VI-A

In this part, please provide the details of deduction claimed under various provisions of Chapter VI-A during the year.
Table 1. Part B- Deduction in respect of certain payments
Column
No.
Section Nature of
deduction
Instruction
Whether, you have made any

investment/ deposit/ payments
between 01.04.2020 to 30.06.2020#
for the purpose of claiming any deduction under Part B of Chapter

Please indicate whether, you have made any investment/ deposit/ payments between 01.04.2020 to 30.06.2020# for the purpose of claiming any deduction under Part B of Chapter VIA by ticking the
VIA? applicable checkbox

Yes

No

If yes is selected, please ensure that

relevant details are mentioned at S. No. “A” of schedule DI

# – Time-limit relaxed to 31.07.2020 as per The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

1a 80G Deduction in

respect of
donations to certain

funds, charitable institutions, etc.

Please enter the amount of donations

made during the year to charitable
institutions or specified funds. Please fill up details of donations in Schedule 80G.

Please note that no deduction shall be allowed under this section in respect of

donation of any sum exceeding Rs.
2,000/- unless such donation is paid by any mode other than cash.

1b 80GGB Deduction in

respect of
contribution

given by
companies

to political
parties

If you are an Indian company, please

enter the amount of contribution made by you to anypolitical party or an electoral trust, during the year, which is eligible for deduction u/s 80GGB.

Please note that no deduction shall be allowed under this section in respect of any sum contributed by way of cash.

1c 80GGA Deduction in

respect of
donation for scientific research or
rural development

Please enter the amount of donations made during the year to research association, university, college or other institution for scientific research or programme of rural development etc., which is eligible for deduction u/s 80GGA.

Please fill up details of donations in Schedule 80GGA.

Please note that no deduction shall be allowed under this section in respect of any sum exceeding Rs. 10,000/- unless such sum is paid by any mode other than cash.

1d 80GGC Deduction in respect of contribution s given by any person to Political parties Please enter the amount of contribution made to a Political party or an electoral trust during the year which is eligible for deduction u/s 80GGC.

This deduction is not admissible for any sum contributed by way of cash.

Table 2. Part C- Deduction in respect of certain incomes

Please Note , if you have opted for Taxation u/s 115BA , 115BAA & 115BAB , you are not eligible to take deductions under part C of chapter VIA ,unless as specified below

2e 80-IA Deduction     in

respect          of

profits        and

gains        from

industrial undertakings or enterprises

engaged       in
infrastructure development, etc.

Please    enter   the    amount    of   eligible

deduction as per schedule 80 in respect

of   profits   and   gains   from  industrial
undertakings or enterprises engaged in infrastructure development u/s 80-IA.

Please furnish the details of deduction

claimed          in         respect           of            each   eligible
undertaking in the Schedule 80-IA.

2f 80-IAB Deduction     in

respect          of

profits        and

gains   by     an
undertaking or enterprise

engaged        in
development

of        Special
Economic Zone

Please    enter   the    amount   of   eligible

deduction in respect of profits and gains by an undertaking or enterprise engaged

in development of Special  Economic
Zone u/s 80-IAB.

2g 80-IAC Special

provision      in

respect          of

specified business

In case you         are an    ‘eligible start-up’

having obtained the certificate of ‘eligible

business’       from    the      Inter-Ministerial
Board of Certification, please enter the amount eligible for deduction u/s 80-IAC in respect of profits and gains derived from the eligible business.

2h 80-IB Deduction     in

respect          of

profits        and

gains        from

certain industrial undertakings

other  than
infrastructure development undertakings

Please    enter   the    amount    of   eligible

deduction as per schedule 80 in respect

of      profits    and     gains     from   certain

industrial   undertakings      other     than
infrastructure development undertakings u/s 80-IB.

Please furnish the details of deduction

claimed          in         respect           of            each   eligible
undertaking in the Schedule 80-IB

2i 80-IBA Deductions in

respect          of

profits        and

gains        from

housing projects

Please     enter  the    amount   of   eligible

deductions    in         respect           of            profits and

gains     derived    from   the    business    of

developing and building housing projects u/s 80-IBA.

2j 80-IC/
80-IE
Special

provisions    in

respect          of

certain

undertakings or enterprises

in         certain
special category States/North- Eastern States

Please    enter   the    amount    of   eligible

deduction as per schedule 80 in respect

of     profits  and    gains    derived   by    an

eligible undertaking    or   enterprise   in
certain special category States u/s 80-

IC,  or    by   an   eligible   undertaking in
North-Eastern States u/s 80-IE.

Please furnish the details of deduction

claimed     in   respect    of     each   eligible

undertaking  or         enterprise      in            the
Schedule 80-IC/80-IE.

2k 80JJA Deduction     in

respect          of

profits        and

gains        from

business      of

collecting and processing of bio-

degradable waste

Please    enter   the    amount   of   eligible

deduction in respect of profits and gains derived from the business of collecting

and    processing   or     treaty     of      bio-
degradable waste for generating power

or         producing      bio-fertilizers, bio-
pesticides or other biological agents or for producing biogas or making pellets or briquettes for fuel or organic manure u/s 80JJA.

2l 80JJAA Deduction     in

respect          of

employment

of        new
workmen

Please    enter   the    amount    of   eligible

deduction  in     respect    of     additional
employee cost incurred in the course of business during the year u/s 80JJAA.

Please      ensure    that     the     additional

employee     cost       forms       part      of
‘compensation to employees’ reported at item No. 22 of Part A-P&L in a case where regular books of accounts are

maintained for     the     business  activity
during the year.

Please ensure that you have filed form 10DA at e-filing portal on or before one month prior to due date of filing of return u/s 139(1)

Please note the if you have opted for taxation u/s 11 5BA, 11 5BAA & 115BAB , you are eligible to claim the deduction under this section.

2m 80LA(1) Deduction     in

respect          of

certain

incomes        of

Offshore Banking Units

Please enter the amount of deduction in respect of certain incomes of ‘Offshore

Banking         Units’, which is         eligible            for deduction u/s 80LA(1).-

Please ensure that you have filed form

10CCF           at         e-filing portal  along            with
return of income

2n 80LA(1A) Deduction     in

respect          of

Certain

Income of unit of

International Financial Services Centre

Please enter the amount of deduction in the respect of certain incomes of unit of “International Financial Services Centre which is eligible for deduction u/s 80LA(1A)

Please ensure that you have filed form 10CC F at e-filing portal along with return of income.

Please note the if you have opted for taxation u/s 115BAA you are eligible to claim the deduction under this section.

2o 80PA Deduction     in

respect          of

Income          of

Producer Companies

Please enter the amount of deduction in

respect     of      Income      of      producer

companies    which are      eligible            for
claiming deduction u/s 80PA

Total Deduction under Part C (total of e to o) This    is       an     auto-populated      field

representing the      total     of         deductions
claimed in part c ( total of “e to o “)

3 Total

Deductions

Please enter the aggregate amount of deductions claimed under Chapter VI-A.

This    is       an     auto-populated      field

representing the      aggregate      of            total
deduction claimed under part B (1) and total deduction claimed under part C (2).

Schedule-SI – Income chargeable to tax at special rates

In this Schedule, please report income forming part of total income which is chargeable to tax at special rates at column (i) and tax chargeable thereon at such special rates at column (ii). The amount under various types of incomes has to be taken from the amounts mentioned in the relevant Schedules i.e. Schedule CG, Schedule OS, Schedule BP or Schedule BFLA, as indicated against each type of income.

Schedule-EI Details of Exempt Income (Income not to be included in total income or not chargeable to tax)

In this Schedule, please furnish the details of income which are claimed as exempt from tax such as interest, dividend, agricultural income, any other exempt income, income not chargeable to tax as per DTAA and pass through income which is not chargeable to tax.
Field
No.
Field Name Instruction
1 Interest income Please enter the amount of any interest income which is not liable to be included in total income or not chargeable to tax.
2 Dividend income from

domestic company

Please enter the amount of dividend

income received during the year from any domestic company

3i Gross Agricultural receipts (other than income to be excluded under rule 7A, 7B or 8 of I.T. Rules) In case you have income from agricultural

activities, please enter the amount of
gross agricultural receipts in this column.

Please note that the receipts in respect of which income has to be computed as per the

· Rule 7A (income from manufacture of rubber),

· Rule 7B (income from manufacture from coffee) or

· Rule 8 (income from manufacture from tea)

of the Income-tax Rules should not be included in the gross agricultural receipts here.

3ii Expenditure incurred on

agriculture

Please enter the claim of expenditure and brought forward losses in these columns, in the manner provided as per Part IV of First Schedule of the relevant Finance Act from gross agricultural income.

Please note that the unabsorbed

agricultural loss upto previous eight
assessment years can be adjusted.

3iii Unabsorbed agricultural

loss of previous eight
assessment years

3iv Agricultural income

portion relating toRule 7,

7A, 7B(1), 7B(1A) and 8
(from Sl. No. 40 of Sch. BP)

Please enter the amount of Agricultural

income portion relating toRule 7, 7A,
7B(1), 7B(1A) and 8, which is an auto-populated figure from schedule BP item no 40

3v Net Agricultural income for

the year (i – ii – iii+iv)
(enter nil if loss)

Please enter the amount of net agricultural income for the year, which is an auto-

populated figure computed as gross

agricultural receipts [3i]as increased by
Agricultural income portion related to Rule

7,7A,7B(1) ,7B(1A) & 8 [3iv] and as

reduced by expenditure [3ii] and unabsorbed agricultural losses [3iii].

 

3vi In case the net agricultural

income for the year
exceeds Rs.5 lakh, please

furnish the following
details

In this column please fill up the following details of agricultural land from which the

agricultural income is being derived, in
case your net agricultural income for the year exceeds Rs. 5 lakh:-

(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

(d) Whether the agricultural land is
irrigated or rain-fed

4 Other exempt income, In this column please fill up details of any

other type of exempt income. Please

specify nature of income and enter
amount.

5 Income not chargeable to tax as per DTAA Please report in this column any income

which is not chargeable to tax in
accordance with the relevant article of the Double Taxation Avoidance Agreement (DTAA) of India with another country.

In the given table, please report the

amount of income, nature of income, head

of income and furnish other relevant
details of the applicable DTAA such as country name and code and the relevant

article of DTAA. Please also mention

whether or not the Tax Residency
Certificate (TRC) has been obtained from the jurisdiction of residence.

6 Pass through income not

chargeable to tax
(Schedule PTI)

The details of pass through income from business trust or investment fund as per section 1 15UA or 1 15UB are required to be reported separately in Schedule PTI.

If any amount of pass through income reported therein is claimed to be exempt, the same should also be reported at this column in the Schedule EI.

7 Total (1 + 2 + 3+ 4 + 5 + 6) Please enter the aggregate amount of income which is not liable to be included in total income or is not chargeable to tax for the year.

This is an auto-populated figure

representing the sum of figures computed as interest income at column [1], dividend

income at column [2], net agricultural

income at column [3], other exempt

income at column [4], income notchargeable to tax as per DTAA at column [5] and pass through income not chargeable to tax at column [6].

Schedule PTI-Pass Through Income/loss details from business trust or investment fund as per section 115UA, 115UB

In this Schedule, please report the details of pass through income/lossas per form 64B or 64C received from business trust or investment fund as referred to in section 115UA or 115UB.

The details of pass through income received from each business trust or investment fund should be reported in separate rows.

Field Name Instruction
Investment entity covered by section 115UA/115UB Please select the section under which Business

Trust / Investment fund is covered from dropdown

menu:-

Section 11 5UA

Section 115UB

Name of business trust/ investment fund Enter the name the name of business trust /investment fund in column no 3 .
PAN of the business trust/ investment fund Enter the PAN of the business trust /investment fund in the text box in column no 4.
Head of Income& Current year income Please enter the amount of current year of income under the relevant head of income in column no 7:

(i)                    House property

(ii)                  Capital Gains

(iii)                 Other Source

(iv)                 Income claimed to be exempt (please specify the section)

Share of current year loss distributed by Investment fund Enter the amount of current year loss distributed by the investment fund in Column no 8.
Net Income/ Loss
(7-8)
Please enter the aggregate amount of net income/loss. This is an auto-populated figure representing the sum of figures computed as current year income at column [7] as reduced by Share of Current year loss distributed by Investment fund [8]
TDS on such amount, if any Enter the TDS deducted on such amount at column no 10

Please ensure that income reflected in this schedule is also reflected in corresponding schedules of income.

Schedule MATComputation of Minimum Alternate Tax payable u/s 115JB

In this Schedule, please furnish the details of computation of Minimum Alternate Tax (MAT)payable under section 115JB (special provisions for payment of tax by certain companies). This computation should be based on Profit and Loss account which is laid before the Annual General Meeting (AGM) in accordance with the provisions of section 129 of the Companies Act, 2013. The MAT payable shall be 15 percent of the ‘book profit’ computed under section 115JB.

The computation of ‘book profit’ and MAT under this Schedule should be based on the audit report in Form No. 29B, which has to be filed electronically one month before the due date for furnishing the return of income u/s 139(1).

In case you are an assessee located in International Financial Service Centre deriving income solely in convertible in foreign exchange, the MAT payable shall be 9 percent of the ‘book profit’ computed u/s 11 5JB.

Please note if you have opted for taxation under section 115BAA & 115BAB, you are not required to compute the Minimum Alternate Tax as per section 115 JB.

Schedule MATC – Computation of tax credit u/s 115JAA

Credit for MAT paid in assessment year 2008-09 and subsequent assessment years, in excessof normal tax liability, is allowed to be set-off against the normal tax liability of current assessment year. However, the amount of credit is restricted to the extent of normal tax liability for the current assessment year exceeding the MAT liability for the current assessment year.

Please note if you have opted for taxation under section 11 5BAA & 115BAB, you are not eligible to takecredit of taxes paid under MAT as per section 11 5JAA.

Schedule DDTDetails of tax on distributed profits of domestic companies  and its payment

In case you are a domestic company and have declared, distributed or paid any dividendsout of current or accumulated profits during the previous year,please enter the details of dividend declared, Dividend Distribution Tax(DDT) payable u/s 115-O and details of payment of DDT in this Schedule.

The principal officer of the company and the company is liable to pay the DDT to the creditof the Central Government within 14 days from the date of declaration of any dividend, or distribution of any dividend, or payment of any dividend, whichever is earliest.

Please note that simple interest is chargeable under section 115P at the rate of 1% for every month or part thereof during which the payment of the DDT to the credit of the Central Government is delayed.

In case you are an assessee located in International Financial Service Centre deriving income solely in convertible in foreign exchange, no tax on distributed profits is payable u/s 115-O on any amount declared, distributed or paid by way of dividends.

Schedule BBS – Details of tax on distributed income of a domestic company on buy-back of shares

In case you are a domestic company and have distributed any income on buy-back of sharesfrom a shareholder, please enter the details ofdistributed income of the company, tax on distributed income payable u/s 115QA, interest payable for delay u/s 115QB, and details of actual payment of tax on distributed income in this Schedule.

The principal officer of the company and the company is liable to pay the DDT to the creditof the Central Government within 14 days from the date of payment of any consideration to the shareholder on buy-back of shares.

Please note that simple interest is chargeable under section 115QB at the rate of 1% for every month or part thereof during which the payment of the tax on distributed income to the credit of Central Government is delayed.

Schedule TPSA – Details of tax on secondary adjustment as per section  92CE(2A)

Please enter the amount of primary adjustment on which option u/s 92CE(2A) is exercised on such excess money or part thereof . The adjustment should be in respect of amount which has notbeen repatriated in India as per section 92CE of the Act.

The Additional Tax & surcharge will be computed at the rate of 18% and 12% respectively on the such excess money or part thereof.

Please note that the taxes paid under section 92CE(2A) will be treated as final payment and no further credit shall be claimed.

Schedule FSI – Details of Income from outside India and tax relief

Schedule FSI is applicable for the taxpayer who is resident in India.

In this Schedule, please report the details of income, which is already included in total income, accruing or arising from any source outside India. Please note that such income should also be separately reported in the head-wise computation of total income. The relevant head of income under which such foreign source income has been reported should also be duly mentioned in the relevant column here.

For country code use the International Subscriber Dialing (ISD) code of the country.

The Tax Payer Identification Number (TIN) of the assessee in the country where tax has been paid is to be filled up. In case TIN has not been allotted in that country, then, passport number should be mentioned.

In case any tax has been paid outside India on such foreign source income and tax relief, as admissible, is being claimed in India, the relevant article of applicable DTAA should also be mentioned.Please ensure that the details of foreign tax credit and income reported in schedule FSI in order to claim credit.

Schedule TR Summary of tax relief claimed for taxes paid outside India

Schedule TR is applicable for the taxpayer who is resident in India.

In this Schedule, please provide a summary of tax relief which is being claimed in India for taxes paid outside India in respect of each country. This Schedule captures a summary of detailed information furnished in the Schedule FSI.

In column (a) and (b), please specify the relevant country code and Taxpayer Identification Number (TIN) respectively.

For country code use the International Subscriber Dialing (ISD) code of the country.

The Tax Payer Identification Number (TIN) of the assessee in the country where tax has been paid is to be filled up. In case TIN has not been allotted in that country, then, passport number should be mentioned.

In column (c) mention the tax paid outside India on the income declared in Schedule FSI which will be the total tax paid under column (c) of Schedule FSI in respect of each country.

In column (d) mention the tax relief available that will be the total tax relief available under column (e) of Schedule FSI in respect of each country.

In column (e), please specify the provision of the Income-tax Act under which tax relief is being claimed i.e. section 90, section 90A or section 91.

Schedule FA  – Details of Foreign Assets and Income from any source outside India

If you are a resident in India, you are required to furnish details of any foreign asset etc. in this Schedule. This Schedule need not be filled up if you are ‘a ‘non-resident’.

In tables A1 to G, please furnish the details of foreign assets or accounts of the following nature, held at any time during the relevant accounting period:-

> Table A1 – Foreign depository accounts

> Table A2 – Foreign custodian accounts

> Table A3 – Foreign equity and debt interest

> Table A4 – Foreign cash value insurance contract or annuity contract

> Table B – Financial interest in any entity outside India

> Table C – Details of Immovable Property held (including any beneficial interest) at any time during the relevant accounting period

> Table D – Details of any other Capital Asset held (including any beneficial interest) at any time during the relevant accounting period

> Table E – Any other account located outside India in which you are a signing authority (which is not reported in tables A1 to D)

> Table F – Trust created outside India in which you are a trustee, a beneficiary or settlor

> Table G – Any other income derived from any foreign source (which is not reported in tables A1 to F)

In case you are a resident in India, the details of all foreign assets or accounts in respect of which you are a beneficial owner, a beneficiary or the legal owner, is required to be mandatorily disclosed in the Schedule FA.

For this purpose,-

(a) Beneficial owner in respect of an asset means a person who has provided, directly or indirectly, consideration for the asset and where such asset is held for the immediate or future benefit, direct or indirect, of the person providing the consideration or any other person.

(b) Beneficiary in respect of an asset means a person who derives an immediate or future benefit, directly or indirectly, in respect of the asset and where the consideration for such asset has been provided by any person other than such beneficiary.

In case you are a legal owner and a beneficial owner, please mention legal owner in the column of ownership.

In table A1, the peak balance in the account during the accounting period, closing balance as at the end of accounting period and gross interest paid or credited to the account during the accounting period is required to be disclosed after converting the same into Indian currency.

In table A2, the peak balance in the account during the accounting period, closing balance as at the end of accounting period and gross amount paid or credited to the account during the accounting period is required to be disclosed after converting the same into Indian currency. The nature of gross amount paid should be specified from the drop-down list viz. interest, dividend, proceeds from sale or redemption of financial assets or other income, and the respective amount should be mentioned.

In table A3, the initial value of investment, peak value of investment during the accounting period, closing value of investment as at the end of accounting period, gross interest paid, total gross amount paid or credited to the account during the accounting period, and total gross proceeds from sale or redemption of investment during the accounting period is required to be disclosed after converting the same into Indian currency.

In table A4, the cash value or surrender value of the insurance contract or annuity contract as at the end of accounting period and total gross amount paid or credited with respect to the contract is required to be disclosed after converting the same into Indian currency.

In table B, the value of total investment at cost held at any time during the accounting period and nature and amount of income accrued therefrom during the accounting period is required to be disclosed after converting the same into Indian currency. Further, amount of income which is chargeable to tax in India, out of the foreign source income, should also be specified at column (10). The relevant Schedule of the ITR where income has been offered to tax should be mentioned at column (11) and (12).

For the purposes of disclosure in table B, financial interest would include, but would not be limited to, any of the following cases:-

(1) the resident assessee is the owner of record or holder of legal title of any financial account, irrespective of whether he is the beneficiary or not; or

(2) the owner of record or holder of title is one of the following:-

(i) an agent, nominee, attorney or a person acting in some other capacity on behalf of the resident assessee with respect to the entity;

(ii) a corporation in which the resident assessee owns, directly or indirectly, any share or voting power;

(iii) a partnership in which the resident assessee owns, directly or indirectly, an interest in partnership profits or an interest in partnership capital;

(iv) a trust of which the resident assessee has beneficial or ownership interest;

(v) any other entity in which the resident assessee owns, directly or indirectly, any voting power or equity interest or assets or interest in profits.

In table C, the value of total investment at cost in the immovable property held at any time during the accounting period and nature and amount of income derived from the property during the accounting period is required to be disclosed after converting the same into Indian currency. Further amount of income which is chargeable to tax in India, out of the foreign source income, should also be specified at column (9). The relevant Schedule of the ITR where income has been offered to tax should be mentioned at column (10) and (11).

In table D, the value of total investment at cost of any other capital asset held at any time during the accounting period and nature and amount of income derived from the capital asset during the accounting period is required to be disclosed after converting the same into Indian currency. Further amount of income which is chargeable to tax in India, out of the foreign source income, should also be specified at column (9). The relevant Schedule of the ITR where income has been offered to tax should be mentioned at column (10) and (11).

For the purposes of disclosure in table D, capital assets shall include any other financial asset which is not reported in table B, but shall not include stock-in-trade and business assets which are included in the Balance Sheet.

In table E, the value of peak balance or total investment at cost, in respect of the accounts in which you have a signing authority, during the accounting period is required to be disclosed after converting the same into Indian currency. Please note that only those foreign accounts which have not been reported in table A1 to table D above should be reported in this table. In case the income accrued in such foreign account is taxable in India, please specify the amount of income which is chargeable to tax in India after converting the same into Indian currencyat column (9) and the relevant Schedule of the ITR at column (10) and (11).

In table F, the details of trusts set up under the laws of a country outside India in which you are a trustee, beneficiary or settlor is required to be disclosed. In case any income derived from such trust is taxable in your hands in India, please specify the amount of income which is chargeable to tax in India after converting the same into Indian currency at column (10)and the relevant Schedule of the ITR at column (11) and (12).

In table G, the details of any other income, derived from any foreign source, which is not included in the tables A1 to F above is required to be disclosed. In case any income out of the income derived from foreign source is taxable in your hands in India, please specify the amount of income which is chargeable to tax in India after converting the same into Indian currency at column (7) and the relevant Schedule of the ITR at column (8) and (9).

For the purpose of this Schedule, the accounting period means the period comprising:-

(a) from 1st January, 2019 to 31st December, 2019 in respect of foreign assets or accounts etc. held in those jurisdictions where calendar year is adopted as basis for the purpose of closing of accounts and tax filings;

(b) from 1st April, 2019 to 31st March, 2020 in respect of foreign assets or accounts etc. held in those jurisdictions where financial year is adopted as basis for the purpose of closing of accounts and tax filings; or

(c) that period of 12 months, which ends on any day succeeding 1st April, 2019, in respect of foreign assets or accounts held in those jurisdictions where any other period of 12 months is adopted as basis for the purpose of closing of accounts and tax filings.

For the purpose of this Schedule, the rate of exchange for conversion of the peak balance or value of investment or the amount of foreign sourced income in Indian currency shall be the “telegraphic transfer buying rate” of the foreign currency as on the date of peak balance in the account or on the date of investment or the closing date of the accounting period.

For the purposes of this Schedule, “telegraphic transfer buying rate”, in relation to aforeign currency, means the rate or rates of exchange adopted by the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), for buying such currency, having regard to the guidelines specified from time to time by the Reserve Bank of India for buying such currency, where such currency is made available to that bank through a telegraphic transfer.

In case you hold foreign assets during the previous year which have been duly reported in the Schedule FA , Even then you are required to report such foreign assets in the Schedule AL-1/AL-2 (if applicable)

Schedule SH-1Shareholding of Unlisted Company (other than a start-up for which Schedule SH-2 is to be filled up)

If you are an unlisted company other thana company that is registered under section 8 of the Companies Act, 2013 (or section 25 of the Companies Act, 1956) or a company limited by guarantee under section 3(2) of Companies Act, 2013 or, please furnish the following details in respective columns of this Schedule:

(i) The details of shareholding as on 31st March, 2020;

(ii) The details of share application money pending allotment as on 31stMarch, 2020; and

(iii) The details of shareholder who did not have a shareholding as on 31st March, 2020 but had a shareholding during the financial year 2019-20.

This schedule is not required to be filled up by the foreign unlisted company.

Please note that if you are a start-up which has filed declaration in Form-2 with DPIIT, aforesaid details should be filled up as per Schedule SH-2 and not in this Schedule, otherwise fill this Schedule.

In case shares have been acquired by the shareholder by way of transfer, and not by way of allotment made by the company, the details of shareholding should be entered in the respective columns of the Table in Schedule SH-l, as under-

(i) Name of Shareholder: – Enter name of the person holding shares as on end of the previous year (current shareholder).

(ii) Date of allotment:-Enter date on which shares were transferred to the current shareholder as per companies register.

(iii) Face value per share: – Enter the face value per share at which the shares had been originally allotted by the company.

(iv) Issue price per share: – Enter the price at which shares were issued by the company to the original shareholder to whom the company had allotted the shares.

(v) Amount received: – Enter the total amount received by the company from the original shareholder to whom the allotment of shares had been made, upto the end of the previous year.

Further, PAN of shareholder should be furnished in Schedule SH-l, only if available. However, in case the shareholder is a non-resident, having no PAN, a default value can be entered in place of PAN such as “NORES9999N”. Similarly, in case PAN of the shareholder is not available due to any other reason, a default value can be entered in place of PAN such as “NOAVL9999N”

Schedule SH-2  – Shareholding of Start-ups (which has filed declaration in  Form-2 with DPIIT)

In case you are a start-up and you have filed declaration in Form-2 with the Department for Promotion of Industry and Internal Trade (DPIIT), for seeking exemption from the provisions of section 56(2)(viib) of the Income-tax Act, before filing of the return of income, please furnish the following details of shareholding of the company in the respective columns of this Schedule:

(i) The details of shareholding as on 31st March, 2020;

(ii) The details of share application money pending allotment as on 31st March, 2020; and

(iii) The details of shareholder who did not have a shareholding as on 31st March, 2020 but had a shareholding during the financial year 2019-20.

In cases where shares of a start-up company have been acquired by the shareholder by way of transfer, the details of shareholding should be entered in the respective column of the table in Schedule SH-2, as under-

(i) Name of Shareholder: – Enter name of the person holding shares as on end of the previous year (current shareholder).

(ii) Date of allotment: -Enter date on which shares were transferred to the current shareholder as per companies register.

(iii) Face value per share: – Enter the face value per share at which the shares had been originally allotted by the company.

(iv) Issue price per share: – Enter the price at which shares were issued by the company to the original shareholder to whom the company had allotted the shares.

(v) Paid up value per share: – Enter the amount received by the company for each share, from the original shareholder to whom the allotment of shares had been made, upto the end of the previous year.

(vi) Share premium: – Enter the amount of premium per share at which shares were allotted by the company to the original shareholder.

Schedule AL-1 Assets and liabilities as at the end of the year (for unlistedcompany other than start-up for which Schedule AL-2 isrequired to  be filled up)

If you are an unlisted company, please furnish the details of assets and liabilities of the company in the respective items of this Schedule.This schedule is not required to be filled up by the foreign unlisted company.

Please note that if you are a start-up which has filed declaration in Form-2 with DPIIT, aforesaid details should be filled up as per Schedule AL-2 and not in this Schedule, otherwise fill this Schedule.

Please note the following points:-

1. Details of assets held as stock-in-trade of business are also required to be reported in schedule AL-1 . In case jewellery/motor vehicle etc. is held as stock-in-trade of business, the drop-down value “stock-in-trade” should be selected against the field “purpose for which used”, while filling up details in the relevant table (table ‟„Ior table „H‟). In such cases, only the aggregate values are required to be filled up, and the particular details of each asset held as stock-in-trade is not required to be reported.

2. In case you hold foreign assets during the previous year which have been duly reported in the Schedule FA , The same is also required to report in the Schedule AL-1/AL-2 (if applicable)

3. In the departmental utility of ITR-6, at the beginning of Schedule AL-1/ Schedule AL2, the taxpayer is required to answer the question _”Do you have assets and liabilities as at the end of the year as mentioned in Schedule AL-1/Schedule AL-2?”. In case the taxpayer selects “No” in the drop-down provided against the question, the details in Schedule AL-1/Schedule AL-2 are not required to be filled up. In case the taxpayer selects “Yes” in the drop-down provided against the question, it is mandatory to furnish the requisite details in at least one of the Tables given in Schedule AL-1/Schedule AL-2.

Schedule AL-2  – Assets and liabilities as at the end of the year (for start-up which has filed declaration in Form-2 with DPIIT only)

In case you are a start-up and you have filed declaration in Form-2 with the Department for Promotion of Industry and Internal Trade (DPIIT), for seeking exemption from the provisions of section 56(2)(viib) of the Income-tax Act, before filing of the return of income, please furnish the details of assets and liabilities of the company in the respective items of this Schedule.

Schedule DI – Details of Investments 

This schedule is required to be filled in the following cases:-
(i)

(ii)

(iii)

Part A – If there is any investment/ deposit/ payments made between
01.04.2020 to 30.06.2020# for the purpose of claiming any deduction under
Part B of Chapter VIA for FY 2019-20.
Part B – If deduction u/s 10AA is claimed
Part C- If amount is utilized out of capital gain account
Field No. Field Name Instruction
A Investment/ Deposit/ Payments for the purpose of claiming deduction under Chapter VIA
1 Section Section will be auto-populated from Part B of Schedule VIA if deduction is claimed
2 Eligible amount of deduction during FY 2019- 20 (As per Schedule VIA- Part B- Deductions in respect of certain payments) Eligible Amount of deduction will be auto-populated from Part B of Schedule VIA
3 Deduction attributable to investment/expenditure made between 01.04.2020 to 30.06.2020# (Out of Col No.2) Please enter deduction attributable to investment/expenditure made between  01.04.2020 to 30.06.2020# # – Time-limit relaxed to 31.07.2020 as per The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
B Eligible amount of deduction u/s 10AA
1 Undertaking as per schedule 10AA

 

Undertaking will be auto-
populated from s chedule 10AA
2 Amount of deduction as per schedule 10AA Amount of deduction will be auto-populated from schedule 10AA
3 Date of letter of approval issued in accordance with the provisions of the SEZ Act, 2005 Please enter date of letter of approval issued in accordance with the provisions of the SEZ Act, 2005
4 Is this the first year of claiming deduction u/s 10AA AND whether conditions have been complied between 01.04.2020 to 30.06.2020^ Please indicate if this is the first year of claiming deduction u/s 1 0AA AND whether conditions have been complied between 01.04.2020 to 30.06.2020^by ticking the applicable check-box:

oYes

oNo

^ – Time-limit relaxed to 31.03.2021 as per The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

C Payment/Acquisition/Purchase/Construction for the purpose of claiming deduction u/s 54 to 54GB
Long Term Capital Gain
1 Section Section will be auto-

populated from S. No. B10a of schedule CG

2 Amount utilised out of Capital Gains account (As per S. No. B10a of Schedule CG) Amount will be auto-

populated from S. No. B10a of schedule CG

3 Amount utilised between 01.04.2020 to 30.06.2020* Please enter amount utilised between 01.04.2020 to 30.06.2020*
Short Term Capital Gain
1 Section Section will be auto-

populated from S. No. A7a of schedule CG

2 Amount utilised out of Capital Gains account Amount will be auto-

populated from S. No. A7a of

(As per S. No. A7a of Schedule CG) schedule CG
3 Amount utilised between 01.04.2020 to 30.06.2020* Please enter amount utilised between 01.04.2020 to 30.06.2020*

* – Time-limit relaxed to 30.09.2020 as per The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

Schedule GST Information regarding turnover/gross receipt reported for GST

In this Schedule, please provide the details of all GSTIN No. registered and respective amounts of annual value of outward supplies reported against each GSTIN No., in column (2) and (3) respectively, based on the figures reported in monthly GST returns.

Schedule FD Break-up of payments/receipts in Foreign currency

In case of anassessee who is not liable to get accounts audited u/s 44AB, the details of receipts and payments made during the year in foreign currency should be filled up in this Schedule.The break-up of receipts and payments in foreign currency is required to be reported only in respect of business operations in India.

Part B – TI -Computation of total income

Total income for the previous year is required to be computed head-wise as per scheme of the Income-tax Act. Income from all sources should be classified under any one of the heads of income – ‘Income from house property’, ‘Income from business or profession’, ‘Capital gains’ and ‘Income from other sources’. Income under each head should be computed separately as per the respective Schedules given in the ITR. Loss from any source should first be set off against income from any other source, under the same head of income, for the current year (intra-head set-off). Thereafter, remaining loss under various heads of income can be set off against income computed under other heads, for the current year as provided for in the Schedule CYLA (inter-head set-off). Losses brought forward from earlier years under certain heads can also be set off from remaining income for the current year under other heads, as provided for in the Schedule BFLA. The remaining income under various heads for the current year, after set off of current year and brought forward losses, should be aggregated to arrive at the figure of gross total income. The deductions claimed under Chapter VI-A etc. should be reduced therefrom to compute total income for the previous

year which is chargeable to tax.
Field No. Field Name Instruction
1 Income      from        house

property

Please enter net income chargeable under the head ‘income from house property’ as computed at item No. 4 of Schedule HP.

In case a loss figure is computed in Schedule HP, please enter nil in this column. The loss figure should instead be taken to Schedule CYLA for set-off against income under other heads for the   current   year.    The   unabsorbed house property loss should be taken to Schedule CFL for carry forward to subsequent years, as permissible.

2 Profits   and    gains    from

business or profession

Please    enter   profit   and   gains    from normal   business,     from    speculative business and from specified business at     columns    2(i),      2(ii)    and      2(iii)
respectively. The figures of profit have to be taken as computed at item No.A39, F3(ii) and F3(iii)    of Schedule BP
respectively.In case a loss is computed from normal business in Schedule BP, please enter nil in the column 2(i). The loss figure should instead be taken to item F of Schedule    BP   for    intra-head    set-off against      income      from speculative business   or     specified   business     or
income from life insurance business u/s 1 15B, if any, for the current year.The      remaining   loss     from     normal business should be taken to Schedule CYLA for       inter-head  set-off    against income    under   other    heads for the current      year. Thereafter,        the unabsorbed loss from normal business should be taken to Schedule CFL for carry forward to subsequent years, as  permissible.

In case  a    loss  is      computed   from speculative     or specified   business  in Schedule BP, please enter nil in the column 2(ii) or 2(iii), as applicable. The loss    from  speculative or  specified
business should be taken to Schedule

CFL      directly   for     carry   forward to subsequent   years,    as permissible. Such unabsorbed loss can be adjusted  against    income      from     speculative
business or specified business in future years, as permissible.Please enter the amount of business profits which are chargeable to tax at special rates u/s 11 5BBF (income from patents) or u/s 115BBG (income from transfer of carbon credits) or u/s 115B (income from insurance business) atcolumn  2(iv).     The     loss    from     life
insurance business should be taken toschedule CFL for carry forward           to
subsequent years, as permissible.

The aggregate amount of profits and gains from business or profession will be auto0populated at column 2(v). In case the computed figure is a loss, please enter nil in column 2(v).

3 Capital gains Please enter the amounts of short-term

capital gains (STCG) and          long-term

capital gains   (LTCG)    for the       year,
chargeable to tax at different rates, at columns 3(a) and 3(b) respectively. For this purpose, the figures of STCG and LTCG should be taken as computed at respective items of Schedule CG.

In case a loss is computed from STCG

or   LTCG,    please   enter    nil    in    the
columns 3(a) or 3(b) as applicable. The

loss figure should      be taken to item E
of Schedule CG for intra-head set-off against capital gains for the current year. The remaining capital loss should be taken to Schedule CFL for carry

forward to subsequent years.           Such

unabsorbed   capital    loss      can     be
adjusted against capital gains in future years, as permissible.

Please enter the aggregate amount of capital gains at column 3(c). In case the computed figure is a loss, please enter nil in column 3(c).

4 Income        from         other

sources

Please enter net income under the

head   ‘income   from    other   sources’
which is chargeable to tax at normal

rates,     chargeable   to   tax     at special

rates, and income from the activity of owning and maintaining race horses at

columns     4(a),       4(b)       and      4(c)
respectively.

In case a loss figure is computed under the head ‘income from other sources’ which is chargeable to tax at normal rates, please enter nil in the column 4(a). The loss figure should instead be taken to Schedule CYLA for inter-head

set-off  against    income  under   other
heads for the current year.

In case a loss figure is computed from the activity of owning and maintaining

race horses, please enter nil         in the
column 4(c). The remaining loss should be taken to Schedule CFL for carry

forward to subsequent years.         Such

unabsorbed      loss   can    be   adjusted

against income from the         activity of
owning and maintaining race horses in future years, as permissible.

5 Total of head wise income Please enter the aggregate of incomes computed under various heads in this column.

This field     will   be   auto-populated   as

aggregate of total      of      Income from
house property [1] , Profit & gains from Business & profession [2v] , Capital

Gains[3c]  and    income     from   other
sources [4d]

6 Losses of current year to be set off against 5 Please enter the aggregate of losses computed under the heads of house property, business and other sources, if any, for the current year, to the extent such losses are permitted to be set-off against positive incomes under other heads for the current year, as per the Schedule CYLA.

This figure should       be computed    as

aggregate     of    total   of   current    year

losses  set-off     with  income    as   per
columns (2), (3) and (4) of Schedule CYLA.

7 Balance    after      set      off

current year losses (5-6)

Please enter remaining current year

income  after    inter-head    set-off     of
current year losses.

This is an auto-populated figure taken

as         aggregate of head-wise income
[column (5)] as reduced by current year losses allowed to be set-off [column (6)].

8 Brought forward losses to be set off against 7 Please enter the aggregate of losses

brought  forward   from    earlier    years
under the heads of house property, business loss, capital loss, loss from

horse     races       and         unabsorbed
depreciation or allowance, if any, to the extent such brought forward losses etc.

are   permitted   to        be set-off against

remaining   positive    incomes    under
various heads for the current year, as per the Schedule BFLA.

This figure should     be computed     as

aggregate of total of brought forward losses, unabsorbed depreciation and

unabsorbed  allowances    set-off   with
current year income as per columns (2), (3) and (4) of Schedule BFLA.

9 Gross Total income (7-8) Please enter remaining current year income after allowing for adjustment of

brought forward     losses,  unabsorbed

depreciation         and          unabsorbed
allowances.

This is an auto-populated figure taken

as         balance of current year income
[column (7)] as reduced by brought

forward            losses           unabsorbed

depreciation          and          unabsorbed

allowances    allowed    to     be    set-off
against such income [column (8)].

10 Income chargeable to tax

at    special      rate    under

section  111A, 112,    112A
etc. included in 9

Please report in this column aggregate of incomes under various heads which are chargeable to tax at special rates and are included in the Gross Total Income computed at column (9).

This   figure    should   be   taken     from

column (i) of Schedule SI.

11 Deductions under Chapter VI-A Please    report     deductions    claimed

under Chapter VI-A of the Income-tax Act in this column. Please ensure to fill up the details of claim of deductions in Schedule VI-A of this ITR form.

In   column   11(a),   the    aggregate   of

claims   of    deductions   in   respect   of

certain payments and deductions in

respect     of        other      incomes/other

deductions  should  be   entered.    This
figure should be taken as aggregate of

amounts  claimed    at    item      (1)     of
Schedule VI-A. The claim here should

be  limited      up    tototal     of     Income

chargeable      at    normal    rates      i.e.

aggregate       of       total        of        row
(i+ii+iv+v+viii+xiii+xiv) of BFLA column 5 of schedule BFLA

In column    11(b),    the aggregate     of

claims   of    deductions  in  respect     of

certain  incomes    should   be   entered.

This   figure     should    be     taken    as
aggregate of amounts claimed at item (2) of Schedule VI-A. The claim here

should  be    limited   upto the     amount

oprofits     from      specified     business
[column 5(ii) of schedule BFLA].

In column    11(c),  the   total     claim   of

deduction under Chapter VI-A should be enteredi.e. total of 11(a) and 11(b)

12 Deduction u/s 10AA Please enter the total amount of claim

of      deductions       in      respect       of

undertakings    located      in      Special
Economic Zone (SEZ) as per section 10AA.

Please ensure to fill up the details of claim of deductions in Schedule 10AA of this ITR form.

13 Total income Please  enter    the    amount    of    total

income chargeable    to    tax    for    the
previous year at this column.

This is an auto-populated figure taken as Gross Total Income [column (9)] as reduced by total deductions claimed under chapter VI-A [column 11(c)] and deductions claimed u/s 10AA [column (12)].

14 Income chargeable to tax at special rates Please report in this column aggregate of incomes under various heads which are chargeable to tax at special rates and are included in the Total Income.

This  figure    should   be   taken     from

column (i) of Schedule SI.

15 Income chargeable to tax at normal rates Please  enter    the    amount   of    total

income for the previous year which is

chargeable to tax at normal rates in this column.

This is an auto-populated figure taken

as  Total    Income    [column      (13)] as
reduced by total income chargeable at special rates [column 14].

16 Net agricultural income Please      report    in   this    column    net

agricultural income which is required to be aggregated to the total income for the previous year for the purpose of determining the applicable rate of tax.

Please ensure to fill up the details of agricultural income in Schedule EI of this ITR form.

17 Losses of current year to be carried forward Please report in this column aggregate of losses of current year under various

heads  which    are    permitted    to    be
carried forward to subsequent years.

This figure should be taken head-wise total of row (xv) of Schedule CFL.

18 Deemed   income     under

section 115JB

Please    report   in   this   column    ‘book

profits’ computed     u/s       115JB for the

purpose   of     determining      Minimum
Alternate Tax (MAT) payable for the current year.

Please ensure to fill up Schedule MAT of this ITR form.

Part B – TTI – Computation of tax liability on total income

Tax liability on aggregated total income should be computed at normal applicable rates and should be compared with the Minimum Alternate Tax (MAT) payable on book profit u/s 115JB. The gross tax liability for the year is taken as higher of these two, against which claim of MAT credit and tax reliefs under sections 90/90A/91, as admissible, are allowed to arrive at the net tax liability for the year. Interest and fees payable for various defaults in compliance are added thereto to compute the aggregate tax liability. The net amount payable or refundable is computed after claiming credit of prepaid taxes (advance tax, TDS, TCS and self-assessment tax).
Field No. Field Name Instruction
1

 

Tax payable on deemed income under section 115J B

 

In column 1(a), please enter the amount of the Minimum Alternate Tax (MAT) payable on ‘book profits’ computed under section 115JB, as per item No. 10 of Schedule MAT.

Compute surcharge and health and 

education cess   leviable on       MAT in

columns 1(b) and 1(c) respectively.

In column 1(d), compute the gross tax payable on ‘book profit’ as aggregate

of    MAT,    surcharge    and    cess     at

columns     1(a),       1(b)       and       1(c)
respectively.

2 Tax    payable     on     total

income

Please compute tax payable on total income as per normal provisions in this column.

In column 2(a), compute tax at normal

applicable    rates       on      the      total
incomechargeable at normal rates, as entered at column 15 of Part B-TI.

In   column   2(b),    please  enter    the

amount of tax chargeable at special rates as per Schedule SI.

In   column   2(c),    please  enter    the

amount of tax payable on total income, which is aggregate of tax payable at normal rates [2(a)] and tax payable at special rates [2(b)].

Compute surcharge and health and education cess leviable on tax liability in columns 2(d) and 2(e) respectively.

In column 2(f), compute the gross tax liability on total income as aggregate of tax, surcharge and cess computed at

columns     2(c),       2(d)       and      2(e)
respectively.

3 Gross tax payable Please enter the amount of gross tax

liability  payable   for  the    year  which
should be taken as the higher amount of gross MAT liability [column 1(d)] and

gross  tax     payable  as      per    normal
provisions [column 2(f)].

4 Credit       under      section

115JAA    of tax     paid    in
earlier years

In case the gross MAT payable is higher than the gross tax payable as per normal provisions, please enter in this column MAT credit of earlier years utilized against the gross MAT payable for this year.

The figure of MAT credit utilized should be taken as per Schedule MATC.

5 Tax payable after credit under section 115JAA Please enter the net tax payable for the year after allowing credit of MAT of earlier years (if applicable).
6 Tax relief In     column    6(a),    please    enter  the

amount tax relief claim for taxes paid outside India in respect of countries

where  DTAA    is   applicable,   as  per
section 90 or section 90A.

In     column    6(b),    please    enter  the

amount tax relief claim for taxes paid outside India in respect of countries where DTAA is not applicable, as per section 91.

In column 6(c), please compute the aggregate of claims of tax relief in the above columns.

7 Net tax liability (5 – 6c) In this column, please compute net tax

liability  payable    for   the    year     after
allowing the tax relief admissible.

8 Interest and Fee payable In     column    8(a),    please    enter    the

amount     of    interest    chargeable     for

default  in    furnishing  the    return    of
income as per section 234A.

In     column    8(b),    please    enter    the

amount  of    interest    chargeable     for
default in payment of advance tax as per section 234B.

In     column    8(c),    please    enter    the

amount  of    interest    chargeable     for
deferment in payment of advance tax as per section 234C.

In     column    8(d),    please    enter    the

amount of fee payable for default in furnishing the return of income as per section 234F.

The fee payableis Rs. 5,000 in case the return is filed after the due date but by the 31st December, 2020. The fee

payable     is    Rs.  10,000       in case the

return is   filed   after    31st   December,
2020.

However, in case the total income does not exceed Rs. 5 lakh, the fee payable for default in furnishing the return of income u/s 234F shall not exceed Rs.

1,000/-.

In   column   8(e),    please    enter    the

aggregate amount of interest and fee payable, as computed in the above columns.

9 Aggregate liability (7+8e) In   this    column,    please    enter    the

aggregate amount of tax, interest and fee payable for the year.

10 Taxes Paid In this column, please enter the total amounts of advance tax, TDS, TCS

and self-assessment   tax for       which
credit is being claimed in this year.

The details           of these tax payments

should be mentioned at column 15 of Part B-TTI.

11 Amount payable In case the aggregate amount payable [column (9)] is higher than the taxes paid for the year [column (10e)], please compute the net amount payable after claiming credit of taxes paid.
12 Refund In case the taxes paid for the year

[column   (10e)]   is    higher   than     the

aggregate  amount    payable [column
(9)]
, please compute the net amount refundable.

13 Do   you     have    a  bank

account   in     India  (Non-
Residents claiming refund with no bank account in India may select No)

Please provide the details of all the savings/current accounts held by you at any time in India during the previous year. It is not mandatory to provide details of dormant accounts which are not operational for more than 3 years. Please indicate the accounts in which

you  would    like to    get     your refund

credited      irrespective of whether you

have   refund  or    not.    The   account
number given should be as per Core Banking Solution (CBS) system of the bank.

If non-resident is claiming refund with

no bank   account  in   India     , please
select “no” for the drop down available at “Do you have a bank account in India”

IFS Code of the bank (SWIFT code in case of foreign bank) Please enter the IFS Code of the Bank (11 digits) or as per SWIFT code in case of foreign bank account.
Name of the Bank Please enter name of the Bank
Account Number Please enter account number of the Bank
Country of Location Please enter the country of location of bank in case of non-resident
IBAN Please enter IBAN in case of         bank

accounts other than India

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?

In case you are a resident in India, and you are a legal or beneficial owner or a beneficiary of any foreign asset or a foreign account, or you have signing authority in any foreign account, or you have income from any foreign source, please tick ‘Yes’ in this column. Please ensure to furnish details of such foreign

assets   or   foreign   accounts   etc.     in
Schedule FA.

Else tick ‘No’.

Item No.15 – Tax payments

Part –A – Details of payments of Advance Tax and Self-Assessment Tax

Please enter the relevant details of payment of advance tax or self-assessment tax.
Column
No.
Field Name Instruction
2 BSR Code Please enter the seven digit BSR code of Bank at which tax was deposited.
3 Date of Deposit Please enter date on which tax was deposited in DD/MM/YYYY format.
4 Serial Number of Challan Please enter the Serial Number of Challan.
5 Amount Please enter the tax amount deposited.

Part- B – Details of Tax Deducted at Source on income

Please enter the relevant details of taxes deducted at source on income other than salary as appearing in Form 16A or Form 16B or Form 16C issued by the tax deductor
Column
No.
Field Name Instruction
2 TDS credit relating to self

/other        person      [Other

person     as       per     Rule
37BA(2)]

Please specify in this column whether the TDS for which credit is being claimed was deducted in the hands of self or in the hands of other person. Please choose applicable option from the drop down list. Self

Other person

 

3

 

PAN/Aadhaar       No.       of

other    person     (If     TDS

credit     related      to     other

person)

In case TDS credit relates to other person [as specified in column (2)], please enter PAN/Aadhaar of the other person.
 

4

 

TAN of the Deductor/PAN

or      Aadhaar      No.       of
Tenant/Buyer

Please enter the TAN of the Deductor. In case tax has been deducted at source by

the     tenant    or     buyer    of    immovable

property,     please  provide the       PAN   or

Aadhaar number         of the tenant or the
buyer.

5

&

6

Unclaimed TDS brought forward (b/f) Please    enter   details    of   TDS   brought

forward for which no credit has been claimed in earlier years.

Enter the financial year in which TDS was deducted and amount of TDS in column 5 and column 6 respectively.

Please Note: Details of unclaimed TDS

brought forward    (col     5   &   6)    ,   TDS
deducted in own hands (col. 7) , TDS

deducted  in the      hands      of any other
person as per rule 37BA(2) (if applicable)

(col  8) should   be reported     in different
rows.

7

&

8

TDS      of     the       current

financial              year(TDS
deducted during the FY 2019-20)

Please enter the amount of total tax

deducted  at    source    for     the   current
financial year.

Please       provide     break-up      of      TDS

deducted in this year in own hands and in

hands of       any other person as per rule
37BA(2).

9

&

10

TDS credit being claimed

this       year         (only        if

corresponding     income    is
being offered for tax this year)

Please      enter    the     amount    of    TDS

deducted for which credit is being claimed

in    this    year.  Please   ensure   that   the

corresponding income     has   also   been
offered in this year in the relevant head.

Please provide break-up of TDS credit being claimed in this year in own hands and in hands of r any other person as per rule 37BA(2).

In some cases, TDS is deducted by the payer in current year, but corresponding income is to be offered in future years, then in such cases no TDS credit should be claimed under the column “in own hands” for the current year. If this is done,

the    column      “Corresponding     receipt
offered” is greyed-off and is not required to be filled up.

11 

&

12

Corresponding receipt offered Please enter the details of corresponding

receipt offered, in respect of which TDS
credit is being claimed, in this year.

 

 

 

Please enter the gross amount of income, and head of income under which income is offered in column 11 and column 12 respectively.
 

13

 

TDS credit being carried forward Please enter the amount of remaining TDS credit which is being carried forward to subsequent years.

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