Do it yourself (DIY) file your income tax e-filling online form, checkout below Page contents for all the snippets on instructions for Income Tax Returns (ITR) efilling and also works for ITR filing through XML upload. Step by step guide for all sections, schedule and procedure of Indian Income Tax Returns efilling.
1. Assessment Year for which this Return Form is applicable
This Return Form is applicable for assessment year 2020-21 only, i.e., it relates to income earned
in Financial Year 2019-20.
2. Who is eligible to use this Return Form?
This Return Form is to be used by an individual or a Hindu Undivided Family (HUF) who is not eligible
to
file Form ITR-1 (Sahaj) and who is not having any income under the head “Profits or gains of business or profession”.
3. Who is not eligible to use this Return Form?
This Return Form should not be used by an individual whose total income for the Assessment Year
2020-21 includes Income under the head “Profits or Gains of Business or Profession”.
4. Manner of filing and verification of 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 in any one of the
following manner –
(i) digitally signing the verification part, or
(ii) authenticating by way of electronic verification code (EVC), or
(iii) Aadhaar OTP
(iv) by sending duly signed paper Form ITR-V – Income Tax Return Verification Form by post to
CPC at the following address –
“Centralized Processing Centre,
Income Tax Department,
Bengaluru— 560500,
Karnataka”.
The Form ITR-V – Income Tax Return Verification Form should reach within 120 days from the date
of e-filing the return.
The confirmation of the receipt of ITR-V at Centralized Processing Centre will be sent to the assessee
on e-mail ID registered in the e-filing account.
5. Filling out the ITR V-Income Tax Return Verification Form
Where the Return Form is furnished in the manner mentioned at 4(iv), the assessee should print
out Form ITR-V-Income Tax Return Verification Form. ITR-V-Income Tax Return Verification Form, duly signed by the assessee, has to be sent by ordinary post or speed post only to Centralized Processing
Centre, Income Tax Department, Bengaluru–560500 (Karnataka)
6. Obligation to file return
Every individual or HUF whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to
furnish his return of income. The claim of deduction(s) under Chapter VI-A is to be mentioned in Part C of this Return Form. The maximum amount not chargeable to income-tax for Assessment Year 2020-21, in case of different categories of individuals and HUF is as under:-
| S. No. | Category | Amount (in Rs.) |
| i. | In case of an individual who is below the age of 60 years or a
Hindu Undivided Family (HUF) | 2,50,000 |
| ii. | In case of an individual, being resident in India, who is of the age of
60 years or more at any time during the financial year 2018-19 but
below the age of 80 years. | 3,00,000 |
| iii. | In case of an individual, being resident in India, who is of the age of
80 years or more at any time during the financial year 2018-19. | 5,00,000 |
If a person whose total income before allowing deductions under Chapter VI-A of the Income-tax Act or
deduction for capital gains (section 54 to 54GB), does not exceeds the maximum amount which is not
chargeable to income-tax but fulfils one or more conditions mentioned below is obligated to furnish his
return of income. In case of any doubt, please refer to relevant provisions of the Income-tax Act.
a) Deposit of amount or aggregates of amount exceeding Rs 1 crore in one or more current accounts;
b) Incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a
foreign country for yourself or any other person;
c) Incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on consumption of
electricity
Item by Item Instructions to fill up the Return Form
Part-A – General Information
| Field Name | Instruction |
| PERSONAL INFORMATION |
| First Name | Enter the First Name as per PAN card |
| Middle Name | Enter the Middle Name as per PAN card |
| Last Name | Enter the Last Name as per PAN card |
| PAN | Enter the PAN as in PAN card |
| Flat/ Door/ Block No. | Enter the Flat or House Number |
Name of Premises/ Building /
Village | Enter the name of the Premises or Building or Apartment or Village |
| Status | Please tick the applicable check box, indicating the status under
which the return is being filed-
(a) Individual
(b) Hindu Undivided Family (HUF) |
| Road/ Street/Post Office | Enter the name of the Post office or Road or Street in which the
house is situated |
| Date of Birth | Enter the Date of Birth as per the PAN card |
| Area/ Locality | Enter the name of area or locality in which the house is situated |
Aadhaar Number (12 digits) /
Aadhaar Enrolment Id (28 digits) | Enter the Aadhaar Number (12 digits) as mentioned in Aadhaar
Card. In case Aadhaar number has been applied for but not yet
allotted, please enter the Aadhaar Enrolment number (28 digits). |
| Town/ City/ District | Enter the name of town or City or District in which the house is
situated |
| State | Select the name of State from the dropdown |
| Country | Select the name of Country from the dropdown. |
| PIN Code/ Zip Code | Enter the PIN Code/ Zip Code of the Post Office |
Residential/ Office Phone
Number with STD code/ Mobile
No.1 | Enter the residential or office landline number with STD code, 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 PAN holder or that 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 ‘119(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 check box -
(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)’
(c) If filed in response to notice u/s 148, tick ‘148’
(d) If filed in response to notice u/s 153A, tick ‘153A’
(e) If filed in response to notice u/s 153C, tick ‘153C’. |
If filed in response to notice/
order, please enter Unique
Number/ Document
Identification Number & Date of
such Notice or Order | 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). |
Are you filing return of income
under Seventh proviso to section
139(1) but otherwise not
required to furnish return of
income? - (Tick) Yes No
If yes, please furnish following
information | In case the return is being filed if any one or all of the below
conditions are applicable although the total income before allowing
deductions under Chapter VI-A of the Income-tax Act or deduction
for capital gains (section 54 to 54GB) or exempt long term capital
gains (section 10(38)), does not exceeds the maximum amount
which is not chargeable to income-tax, tick ‘Yes’:
Deposit of amount or aggregates of amount exceeding Rs 1 crore in
one or more current accounts; |
[Note: To be filled only if a
person is not required to furnish
a return of income under section
139(1) but filing return of
income due to fulfilling one or
more conditions mentioned in
the seventh proviso to section
139(1)] | Incurred expenditure of an amount or aggregate of amount
exceeding Rs. 2 lakhs for travel to a foreign country for yourself or
any other person;
Incurred expenditure of amount or aggregate of amount exceeding
Rs. 1 lakh on consumption of electricity.
Select ‘No’ if total income before allowing deductions under
Chapter VI-A of the Income-tax Act or deduction for capital gains
(section 54 to 54GB) or exempt long term capital gains (section
10(38)), exceeds the maximum amount which is not chargeable to
income-tax. |
Have you deposited amount or
aggregate of amounts exceeding
Rs. 1 Crore in one or more
current account during the
previous year? (Yes/No) | Please tick ‘Yes’ in case an amount / aggregate amount exceeding
Rs.1 Crores is deposited in one or more current account during the
period 1 April 2019 to 31 March 2020, else tick ‘No’
Please enter amount / aggregate amount deposited if ‘Yes’ is
ticked. |
Have you incurred expenditure
of an amount or aggregate of
amount exceeding Rs. 2 lakhs for
travel to a foreign country for
yourself or for any other person?
(Yes/ No) | Please tick ‘Yes’ if expenditure incurred of an amount/ aggregate
amount exceeding 2 lakhs for travel to a foreign country for self or
for any other person, else tick ‘No’
Please enter amount/ aggregate amount of expenditure if ‘Yes’ is
ticked. |
Have you incurred expenditure
of amount or aggregate of
amount exceeding Rs. 1 lakh on
consumption of electricity
during the previous year?
(Yes/No) | Please tick ‘Yes’ if expenditure incurred of an amount/ aggregate
amount exceeding Rs.1 lakh on consumption of electricity during
the period 1 April 2019 to 31 March 2020, else tick ‘No’.
Please enter amount/ aggregate amount of expenditure if ‘Yes’ is
ticked |
Residential Status in India (for
individuals)
(Tick applicable option) | If you are an individual, please specify your residential status in the
given list:
A. Resident.
B. Resident but not Ordinarily resident (RNOR)
C. Non-resident
In case you are a resident/RNOR, please also indicate the basis for
claiming status of resident/RNOR by checking the applicable box
against these categories.
In case you are a non-resident, please specify the jurisdiction of
residence during the previous year and your Taxpayer Identification
Number (TIN) in that jurisdiction.
In case you are a non-resident, but a citizen of India or person of
Indian origin, please specify the total number of days for which you
stayed in India during the previous year, and during the four
preceding years.
In case TIN has not been allotted in the jurisdiction of residence, the
passport number should be mentioned instead of TIN. Name of the
country in which the passport was issued should be mentioned in
the column “jurisdiction of residence”. |
Residential Status in India (for
HUF)
(Tick applicable option) | If you are a HUF, please specify your residential status by ticking the
applicable checkbox:
Resident.
Resident but not Ordinarily resident (RNOR)
Non-resident |
Do you want to claim the benefit
u/s 115H
(Applicable in case of Resident) | If you were NRI in earlier years, but are a resident in India for this
year, please specify whether you want to claim benefit of special
provisions under Chapter XII-A in respect of investment income
from any foreign exchange asset, by ticking the applicable
checkbox:
Yes
No |
Are you governed by Portuguese
Civil Code as per section 5A? | If you are governed by the system of community of property under
the Portuguese Civil Code 1860, please tick ‘Yes’ and fill up the
information necessary for apportionment of income between
husband and wife in Schedule 5A. Else, tick ‘No’. |
Whether this return is being filed
by a Representative Assessee | Please tick the applicable check box. 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/ Aadhaar No. of the Representative |
Whether you were Director in a
company at any time during the
previous year? | If you are an individual and were Director in a company at any time
during the previous year, please tick ‘Yes’ and provide information
about name, type & PAN of the company, your DIN and indicate
whether, or not, shares of the company are listed on a recognised
stock exchange.
Else, tick ‘No’.
Please note that furnishing of PAN and DIN is not mandatory in case
of a foreign company.
a) In case you are a director of a Foreign Company which does
not have PAN. You should choose “foreign company” in the
drop-down provided for “type of company”. In such case,
PAN is not mandatory. However, PAN should be mentioned,
if such foreign company has been allotted a PAN.
b) A non-resident taxpayer who is Director only in a foreign
company, which does not have any income received in
India, or accruing or arising in India, should answer the
relevant question in the negative, whereupon he would not
be required to disclose details of such foreign company.
c) A non-resident taxpayer, who is Director in a domestic
company and also in a foreign company, which does not
have any income received in India, or accruing or arising in
India, should answer the relevant question in the
affirmative, and provide details of directorship in the
domestic company only.
d) A resident taxpayer is required to disclose details of
directorship in any company, including foreign company, in
the relevant column. |
Whether you have held unlisted
equity shares at any time during
the previous year? | If you have held investment in any unlisted equity shares at any time
during the previous year, please tick ‘Yes’ and furnish information
about name, type & PAN of company, opening balance, shares
acquired/ transferred during the year and closing balance, in the
given table.
Else, tick ‘No’.
a) If you have held shares of a company during the previous
year, which are listed in a recognized stock exchange
outside India. You may select “No” here and you are not
required to report the requisite details here
b) In case have held equity shares of a company which were
previously listed in a recognised stock exchange but
delisted subsequently, and became unlisted. In such cases
PAN of the company may be furnished if it is available. In
case PAN of delisted company cannot be obtained, you may
enter a default value in place of PAN, as “NNNNN0000N”.
c) In case unlisted equity shares are acquired or transferred
by way of gift, will, amalgamation, merger, demerger, or
bonus issue etc., In such cases You may enter zero or the
appropriate value against “cost of acquisition” or “sale
consideration” in such cases. Please note that the details of
unlisted equity shares held during the year are required
only for the purpose of reporting. The quantitative details
entered in this column are not relevant for the purpose of
computation of total income or tax liability
d) Even in case where you have held shares in an unlisted
foreign company which has been duly reported in the
Schedule FA. You are required to report the same again in
this clause.
e) Even in case where you have held unlisted equity shares as
stock-in-trade of business during the previous year you are
required to report the same in this clause.
f) In case you are holding equity shares of a Co-operative Bank
or Credit Societies, which are unlisted, only the details of
equity shareholding in any entity which is registered under
the Companies Act, and is not listed on any recognised
stock exchange, is only required to be reported. |
Schedule S - Details of Income from Salary
| Field Name | Instruction |
| Name of employer | Enter the name of the Employer. |
| Nature of Employer | In case of individuals, please tick the applicable check box-
(a) If you are a Central Government Employee, tick 'Central
Government'
(b) If you are a State Government Employee, tick 'State
Government'
(c) If you are an employee of Public Sector Enterprise (whether
Central or State Government), tick 'Public Sector Undertaking'
(d) If you are drawing pension, tick 'Pensioners'
(e) If you are an employee of Private Sector concern, tick
'Others' |
TAN of Employer
(mandatory if tax is deducted) | Please enter the Tax deduction Account Number (TAN) of the
Employer as mentioned in Form-16. |
| Address of employer | Please enter the complete address of the employer including
name of town or city, State 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 |
| 1 | Gross Salary | This is an auto-populated field representing aggregate of the
amounts entered at fields (1a), (1b) and (1c) below. |
| 1a | Salary as per section 17(1) | Please select the type of salary payments from the given list and
enter the amount. In case more than one type of salary payment
has been received during the year, please report each type of
payment as separate line item.
List of types of salary payment :-
1. Basic Salary
2. Dearness Allowance (DA)
3. Conveyance Allowance
4. House Rent Allowance (HRA)
5. Leave Travel Allowance (LTA)
6. Children Education Allowance (CEA)
7.
7. Other Allowance
8. The Contribution made by the employer towards pension
scheme as referred under section 80CCD
9. Amount deemed to be income under rule 6 of Part-A of Fourth
Schedule
10. Amount deemed to be income under rule 11(4) of Part-A of
Fourth Schedule
11. Annuity or pension
12. Commuted Pension
13. Gratuity
14. Fees/ commission
15. Advance of salary
16. Leave Encashment
17. Others (please enter the details in the text box) |
| 1b | Value of perquisites as per
section 17(2) | Please select the type of perquisites from the given list and enter
the value thereof. In case more than one type of perquisite has
been received during the year, please report each type of
perquisite as separate line item.
List of types of perquisite:-
1. Accommodation
2. Cars / Other Automotive
3. Sweeper, gardener, watchman or personal attendant
4. Gas, electricity, water
5. Interest free or concessional loans
6. Holiday expenses
7. Free or concessional travel
8. Free meals
9. Free education
10. Gifts, vouchers, etc.
11. Credit card expenses
12. Club expenses
13. Use of movable assets by employees
14. Transfer of assets to employee
15. Value of any other benefit/ amenity/ service/ privilege
16. Stock options (non-qualified options)
17. Tax paid by employer on non-monetary perquisite
18. Other benefits or amenities (please enter the details in a
separate text box). |
| 1c | Profits in lieu of salary as
per section 17(3) | Please select the nature of profits in lieu of salary from the given
list and enter the value thereof. In case more than one profit in
lieu of salary has been received during the year, please report
each as a separate line item.
List of types of profits in lieu of salary:-
1. Any compensation due or received by an assessee from an
employer or former employer in connection with the
termination of his employment or modification thereto.
2. Any payment due or received by an assessee from an
employer or former employer, or from a provident or other fund,
sum received under Keyman Insurance Policy, including bonus
on such policy.
3. Any amount due or received by an assessee from any person
before joining any employment with that person, or after
cessation of his employment with that person.
4. Any other (please enter the details in a separate text box). |
| In case you are employed with more than one employer during the year, please provide details of |
| 2 | Total Gross Salary | Please enter the aggregate amount of gross salary received from
all employers during the year. |
| 3 | Less allowances to the
extent exempt u/s 10
(Note: Ensure that it is
included in Total Gross
salary in (2) above ) | Please select the allowances from the drop down (as per list) and
enter the amount which is exempt. In case multiple allowances
are claimed as exempt, please enter details of each allowance as
separate line item. |
| | List of allowances:- |
| Sec 10(5)- Travel concession/assistance received |
Sec 10(6)- Remuneration received as an official, by whatever
name called, of an Embassy, High Commission etc. |
Sec 10(7)- Allowances or perquisites paid or allowed as such
outside India by the Government to a citizen of India for
rendering services outside India |
| Sec 10(10)- Death–cum-retirement gratuity received |
| Sec 10(10A)- Commuted value of pension received |
Sec 10(10AA)- Earned leave encashment on retirement
Note: If category of employer is other than "Central or State
Government" deduction u/s. 10(10AA) shall be restricted to Rs.
3 Lakh |
Sec 10(10B) First proviso-Compensation limit notified by CG in
the Official Gazette |
Sec 10(10B) Second proviso-Compensation under scheme
approved by the Central Government |
Sec 10(10C)- Amount received on voluntary retirement or
termination of service |
| Sec 10(10CC)- Tax paid by employer on non-monetary perquisite |
Sec 10(13A)- Allowance to meet expenditure incurred on house
rent |
Sec 10(14)(i)- Allowances or benefits, not in the nature of
perquisite, specifically granted and incurred in the performance
of the duties of an office or employment |
Sec10(14)(ii)-Allowances or benefits not in a nature of perquisite
specifically granted in performance of duties of office or
employment. |
Any Other - In case of any other allowances enter the details in a
text box provided. |
| 4 | Net Salary (2 – 3) | This is an auto-populated field representing the net amount,
after deducting the exempt allowances [3] from the Gross Salary
[2]. |
| 5 | Deductions u/s 16 (5a + 5b
+ 5c) | This is an auto-populated field representing aggregate of the
amounts entered at fields (5a), (5b) and (5c) below. |
| 5a | Standard Deduction u/s
16(ia) | This is an auto-populated field as lower of 4 (Net Salary) or Rs.
50,000. |
| 5b | Entertainment allowance
u/s 16(ii) | Please enter the amount of Entertainment allowance admissible
as deduction u/s 16(ii) (as per Part B of Form 16) |
| 5c | Professional tax u/s 16(iii) | Please enter the amount of Professional tax paid which is
admissible as deduction u/s 16(iii) (as per Part B of Form 16) |
| 6 | Income chargeable under
the Head ‘Salaries’ (4 - 5) | This is an auto-populated field representing the net amount,
after claiming deductions under section 16 [5] against the Net
Salary [4]. |
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/Minor/Spouse/Others |
| 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 and Country has to be selected from the drop
down list. |
| Town/City |
| State |
| Country |
| Pin code/ Zip code |
| Owner of the property | Please select the owner of the property from the dropdown
menu:
Self
Minor
Spouse
Others |
| Is the property co-owned | Please state whether the property is co-owned by you along with
other owners by ticking the applicable checkbox -
Yes
No |
Your 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 the co
owners 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 consist 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/ Aadhaar No. 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) |
| 1a | Gross rent received/
receivable/ letable 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 115UA 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 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 and B1 where capital gains 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. B4 or item No. B7. 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 and
115AD(1)(b)(iii) proviso. The net capital gains arising on sale of individual scrips should be aggregated
and will be auto populated to B4a and B7a of Schedule CG. Thereafter, tax shall be charged at a flat
rate of 10% in Schedule SI on the aggregate LTCG, 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. A3 and A4 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. B5, B6, B7 and B8 are applicable only for nonresidents.
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/ Aadhaar No. of the buyer etc.
as per the given table. These details should be furnished separately for each immovable property
transferred during the year.
a) If you have sold land and building. Quoting of PAN of buyer is mandatory only if tax is deducted
under section 194-IA or is mentioned in the documents.
b) If you are a resident and have sold land and building situated outside India. The details of
property and name of buyer should invariably be mentioned. However, quoting of PAN of buyer
is mandatory only if tax is deducted under section 194-IA or is mentioned in the documents.
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 reported therein is of the nature of short-term capital gain, the same has to be reported
at item No. A7 of this Schedule. Further, in case any amount of pass through income 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-A7/ B1- B11 which is chargeable at special rates or
not chargeable to tax in India in accordance with the relevant article of Double Taxation Avoidance
Agreement (DTAA) of India with another country, if any, should be reported at item no. A8/ 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 (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 A/B.
Part C of this Schedule computes the total of short-term capital gain (item No. A9) 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. A9 should be taken as item C.
Deductions can be claimed in respect of capital gains subject to fulfillment of prescribed conditions
under sections 54 or 54B or 54EC or 54F or 54GB or 115F. Deductions under sections 54 or 54EC or 54F or 54GB or 115F are 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, (A2e*+A3a*+A7a*) is addition of short-term capital gains reported at items Nos. A2e, A3a and A7a 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 (A2e* + A3a* + A7a*) 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 intrahead 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 3 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 |
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,
units of 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, units of 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.
Note: In case the security or share does not
have an ISIN Code, then use
“INNOTAVAILAB” as ISIN Code. |
| 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 01/01/2018 | 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 B4 of LTCG Schedule of CG
Item B7 of LTCG Schedule CG | This field will be auto-populated as the value
at column 6- Value at Column 13. |
| Total of each column | These fields should auto populate as sum of
columns 6, 7, 8, 9, 11, 12, 13 and 14 |
Schedule-OS - Income from other sources
| S. 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) and 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 co-operative 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.
If any other income is in the nature of Family
Pension, mention the amount in the field provided.
For others, please specify nature and amount of such
income. |
| 2 | Income chargeable at special rates (2a+
2b+ 2c+ 2d + 2e+2f elements relating to
S.No. 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, 2e and 2f below. Please note,
for Non-residents elements relating to S.No. 1 will be
added only if TRC Flag is Y at Column No. 7 of S.No.
2f.
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
115BB. |
| 2b | Income chargeable u/s 115BBE (bi + bii
+ biii + biv+ bv + bvi) | Please report in this column, aggregate 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 | Accumulated balance of recognized
provident fund taxable u/s 111 | In case any accumulated balance of a recognised
provident fund is to be included in total income of
the year, owing to the provisions of rule 8 of part A
of the Fourth Schedule not being applicable, tax has
to be computed year-wise as prescribed in rule 9. In
such a case, please furnish the details of income
benefit and tax benefit for each of the assessment
years concerned. |
| 2d | Any other income chargeable at special
rate (total of di to dxviii) | 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 chargeable at
special rate | (i) Dividends received by non-resident (not being
company) or foreign company chargeable u/s
115A(1)(a)(i) |
(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) |
(v) Interest referred to in section 194LD -
chargeable u/s 115A(1)(a)(iiab) |
(vi) Distributed income being interest referred to
in section 194LBA - 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 or dividends from
bonds or GDRs purchased in foreign currency
by non-residents - chargeable u/s 115AC |
(x) Income by way of dividends from GDRs
purchased in foreign currency by residents -
chargeable u/s 115ACA |
(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) Investment Income of a Non-Resident Indian -
chargeable u/s 115E |
| (xix) |
| 2e | 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 from royalty & technical
services |
PTI-115A(1)(b)(B) Income from royalty & technical
services |
PTI-115AC(1)(a & b) - Income from bonds or GDR
purchased in foreign currency - non-resident |
PTI-115ACA(1)(a) - Income from GDR purchased in
foreign currency -resident |
PTI-115AD(1)(i) -Income received by an FII in respect
of securities (other than units as per Sec 115AB) |
PTI-115AD(1)(i) -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-115E(a) - Investment income |
PTI-115BB - Winnings from lotteries, crossword
puzzles etc. |
PTI-115BBE - Income under section 68, 69, 69A, 69B,
69C or 69D |
| 2f | 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 field will be an auto-populated field
representing total of Column 2 (Amount of Income)
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
in case of Non-Residents only.
Please note, if TRC Flag is No then income will be
chargeable to tax 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 Family Pension will be
available only if income is offered in column 1e
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- 2f relating to 1) (If negative
take the figure to 3i 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 deductions u/s
57 [item 3] & income chargeable at special rates
specified in item 2f (related to item 1) 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 and compute the net income at item 8e
accordingly.
In case the net income computed at item 8e is
negative, take this figure to item 6xi 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’, and ‘income from
other sources chargeable at normal applicable rates’ is a loss figure, please fill up the figure of loss in the
first row under the respective head. Please note that loss from activity of owning and maintaining horse
races and loss from long term or short term capital gain 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 longterm 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 and 3, in the relevant rows.
In column (4), 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 (xiii), please mention the total of current year losses set off out of the columns (2) and (3).
In row (xiv), please mention the remaining loss under various heads i.e. house property loss at
column (2) and loss from other sources at column (3).
The unabsorbed losses allowed to be carried forward out of this should be taken to Schedule CFL
for carry forward to future years.
Schedule-BFLA- Details 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 longterm 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.
In column (3), 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 (3) should be captured in row (xiii) thereof which should be the figure of Gross Total Income (GTI) of the year.
The aggregate of brought forward losses under various heads set-off against positive income of the
current year should be mentioned in row (xii) of column (2).
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 (viii)] under various heads of income at respective columns [column (3) to column (6)].
The column no 3, 4 & 5 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 (ix).
In row (x), 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 (xi), 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 CG and Schedule OS as indicated below:
Sr.
No. | The fields in row no. xi “2020-21(Current year losses)” | Source of Auto-population |
| 1 | House property loss (3c) | (2xiv of schedule CYLA) |
| 2 | Short-term capital loss (4c) | (2x+3x+4x+5x) of item E of
schedule CG |
| 3 | Long-term capital loss (5c) | (6x+7x+8x) of item E of
schedule CG |
| 4 | Loss from owning and maintaining race horses (6) | (8e of schedule OS, if –ve) |
In row (xii), please enter the amount of aggregate loss under various heads to be carried forward
to future years in the respective column.
The losses under the head “house property”, or ‘capital gains’, are allowed to be carried forward
for 8 assessment years. However, loss from the activity of owning and maintaining race horses can be
carried forward only for 4 assessment years.
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 VIA? (If yes,
please fill S.No. "A" of Schedule DI)
Tick Yes No | 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 VI-A by ticking the 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 | 80C | Deduction in
respect of life
insurance
premia, deferred
annuity,
contributions to
provident fund,
subscription to
certain equity
shares or
debentures, etc. | Please enter the amount paid or deposited towards life
insurance premium, contribution to any Provident Fund set up
by the Government, employees contribution to a recognised
Provident Fund or an approved superannuation fund,
contribution to deferred annuity plan, subscription to National
Savings Certificates, tuition fees, payment or repayment of
amounts borrowed for purposes of purchase/ construction of
a residential house, and other similar payments/ investments
which are eligible for deduction under section 80C of the
Income-tax Act.
The aggregate amount of deductions admissible u/s 80C,
80CCC and 80CCD(1) shall be restricted to maximum limit of
Rs.1,50,000. |
| 1b | 80CCC | Deduction in
respect of
contribution to
certain Pension
Funds | Please enter the amount paid towards any annuity plan of LIC
or any other insurer for receiving pension from the pension
fund, which is eligible for deduction under section 80CCC.
The aggregate amount of deductions admissible u/s 80C,
80CCC and 80CCD(1) shall be restricted to maximum limit of
Rs. 1,50,000. |
| 1c | 80CCD(1) | Deduction in
respect of
contribution to
pension scheme
of Central
Government | Please enter the total amount paid or deposited during the
year, in your account under a pension scheme notified by the
Central Government, which is eligible for deduction under sub
section (1) of section 80CCD.
The deduction u/s 80CCD(1) is restricted to upper limit of 10%
of salary, in the case of an employee, and 20% of gross total
income, in any other case.
The aggregate amount of deductions admissible u/s 80C,
80CCC and 80CCD(1) shall be further restricted to maximum
limit of Rs. 1,50,000. |
| 1d | 80CCD(1B) | Deduction in
respect of contribution to pension scheme
of Central
Government | Please enter the amount paid or deposited during the year, in
your account under a pension scheme notified by the Central
Government, which is eligible for deduction under sub-section
(1B) of section 80CCD.
The amount eligible under this sub-section is subject to a
maximum limit of Rs. 50,000 and further condition that no
claim should have been made under sub-section (1) in respect
of the same amount. |
| 1e | 80CCD(2) | Deduction in
respect of
contribution of
employer to
pension scheme
of Central
Government | Please enter the amount of employer’s contribution paid
during the year to your account under a pension scheme
notified by the Central Government, which is eligible for
deduction under sub-section (2) of section 80CCD.
The amount eligible is subject to maximum limit of 10% of
salary in case the nature of employer selected is other than
Central Government.
In case the nature of employer selected is Central
Government, the amount eligible is subject to maximum limit
of 14% of Salary. |
| | | | |
| | | | |
| 1f | 80D | Deduction in
respect of health
insurance premia | This field will be auto-populated from schedule 80D. Please fill
schedule 80D for claiming the deduction. |
| 1g | 80DD | Deduction in
respect of
maintenance
including medical
treatment of a
dependent who
is a person with
disability | Please enter the details of expenditure actually incurred for
medical treatment, training and rehabilitation of a dependent
person with disability by selecting the appropriate options
from the drop down.
1. Dependent person with disability
2. Dependent person with severe disability
The amount eligible for deduction is subject to maximum limit
of ₹ 75,000, in case of dependent person with disability, and ₹
1,25,000 in case of dependent person with severe disability. |
| 1h | 80DDB | Deduction in
respect of
medical
treatment etc | Please enter the details of expenditure actually incurred on
medical treatment of specified diseases for self, dependent or
a member of HUF. Please select the appropriate options from
the drop down menu and enter relevant amount.
1. Self or Dependent
2. Senior Citizen – Self or Dependent
The amount eligible for deduction is subject to a maximum
limit of ₹ 40,000 during the year. However, in case of senior
citizen the applicable limit is ₹1,00,000. |
| 1i | 80E | Deduction in
respect of
interest on loan
taken for higher
education | Please enter the amount paid during the year by way of
interest on loan taken from any financial institution or
approved charitable institution for the purpose of pursuing
higher education of self or relative which is eligible for
deduction u/s 80E. |
| 1j | 80EE | Deduction in
respect of
interest on loan
taken for
residential house
property | Please enter the amount paid during the year by way of
interest on loan taken from any financial institution for the
purposes of acquisition of a residential property, which is
eligible for deduction u/ 80EE.
The amount eligible for deduction is subject to a maximum
limit of ₹ 50,000 during the year and further conditions
specified in sub-section (3) of section 80EE. |
| 1k | 80EEA | Deduction in
respect of
interest on loan
taken for certain
house property | Please enter the amount paid during the year by way of
interest on loan taken from any financial institution during
the period 1 April 2019 to 31 March 2020 for the purpose of
acquisition of a residential house property, which is eligible
for deduction u/s 80EEA.
The amount eligible for deduction is subject to maximum
limit of ₹150,000 paid during the year and further conditions
specified in sub-section (3) of section 80EEA.
In case deduction u/s 80EE is claimed, deduction u/s 80EEA
shall not be allowed. |
| 1l | 80EEB | Deduction in
respect of
purchase of
electric vehicle. | Please enter the amount paid during the year by way of
interest on loan taken for purchase of electric vehicle from
any financial institution during the period 1 April 2019 to 31
March 2023 which is eligible for deduction u/s 80EEB.
The amount eligible for deduction is subject to maximum
limit of ₹150,000 paid during the year. |
| 1m | 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. |
| 1n | 80GG | Deduction in
respect of rents
paid | Please enter the amount paid during the year towards rent in
respect of any furnished/ unfurnished residential
accommodation, in excess of 10% of total income, which is
eligible for deduction u/s 80GG.
The amount eligible for deduction is subject to a maximum
limit of ₹ 60,000 during the year and further conditions
specified therein. |
| 1o | 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. |
| 1p | 80GGC | Deduction in
respect of
contributions
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, CA and D – Deduction in respect of other incomes/other deduction |
| 2q | 80QQB | Deduction in
respect of royalty
income, etc., of
authors of
certain books
other than text
books. | Please enter the eligible amount of deduction in respect of
income by way of royalty or copyright fees for any book of
literary, artistic or scientific nature u/s 80QQB.
Please note that the claim of deduction under this section is
subject to maximum limit of Rs. 3 lakh.
Please ensure that the corresponding income by way of
royalty etc. is offered to tax under the head ‘income from
other sources’ in Schedule OS. |
| 2r | 80RRB | Deduction in
respect of royalty
on patents. | Please enter the eligible amount of deduction in respect of
income by way of royalty in respect of patents registered
under the Patents Act, 1970.
Please note that the claim of deduction under this section is
subject to maximum limit of Rs. 3 lakh.
Please ensure that the corresponding income by way of
royalty etc. is offered to tax under the head ‘income from
other sources’ in Schedule OS. |
| 2s | 80TTA | Deduction in
respect of
interest on
deposits in
savings account | In case you are an individual, not being a ‘resident senior
citizen’, or HUF, and your gross total income includes income
by way of interest on deposits in savings account(s) with a
bank or a co-operative bank or a post office, you can claim
deduction u/s 80TTA in respect of such interest income.
The amount eligible for deduction u/s 80TTA is subject to a
maximum limit of ₹ 10,000 during the year. |
| 2t | 80TTB | Deduction in
respect of
interest on
deposits in case
of senior citizens | In case you are a ‘resident senior citizen’, and your gross total
income includes income by way of interest on deposits with a
bank or a co-operative bank or a post office, you can claim
deduction u/s 80TTB in respect of such interest income.
The amount eligible for deduction u/s 80TTB is subject to a
maximum limit of ₹ 50,000 during the year.
‘Senior citizen’ means an individual resident in India who is of
the age of 60 years or more at any time during the previous
year. |
| 2u | 80U | Deduction in case
of a person with
disability | This deduction can be claimed only by a resident individual
who is certified by the medical authority to be a person with
disability.
If you are a person with disability, please enter the amount
eligible for deduction by selecting the appropriate options:
1. Self with Disability - ₹ 75,000
2. Self with Severe disability - ₹ 1,25,000 |
| 2v | | Total Deductions | Please enter the aggregate amount of deductions claimed
under Chapter VI-A. This is an auto-populated filled
representing the aggregate of total deduction claimed under
part B (item 1) and total deduction claimed under part C, part
CA and part D (item 2). |
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. 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 the total amount of deduction claimed u/s 80G should also be separately
mentioned in table 1 of the Schedule VI-A.
Schedule- 80GGA- Details of donations for scientific research or rural development
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
Schedule 80D - Deduction in respect of health insurance premia
| Sl no. | Field Name | Instruction |
| 1 | Whether you or any of your
family member (excluding
parents) is a senior citizen | Tick ‘Yes’ if any of the member is senior Citizen, else tick
‘No’ |
| 1a | Self & Family | This field will be available if ‘No’ is ticked in S.No. 1. This
is an auto-populated field representing aggregate of the
amounts entered at fields (i) and (ii) below. The amount
eligible for deduction is subject to maximum limit of
Rs.25000 paid during the year. |
| (i) | Health Insurance | Please enter the amount paid during the year towards
Health Insurance. |
| (ii) | Preventive Health Checkup | Please enter the amount paid during the year towards
Preventive Health Checkup. |
| 1b | Self & Family Including senior
citizen | This field will be available if ‘Yes’ is ticked in S.No. 1. This
is an auto-populated field representing aggregate of the
amounts entered at fields (i), (ii) and (iii) below. The
amount eligible for deduction is subject to maximum
limit of Rs.50000 paid during the year. |
| (i) | Health Insurance | Please enter the amount paid during the year towards
Health Insurance. |
| (ii) | Preventive Health Checkup | Please enter the amount paid during the year towards
Preventive Health Checkup. |
| (iii) | Medical Expenditure (This
deduction can be claimed on
which health insurance is not
claimed at (i) above) | Please enter the amount paid during the year towards
Medical Expenditure. This deduction can be claimed only
if no amount is paid towards health insurance of such
person. |
| 2 | Whether any one of your
parents is a senior citizen | Tick ‘Yes’ if any one of the parents is senior Citizen, else
tick ‘No’ |
| 2a | Parents | This field will be available if ‘No’ is ticked in S.No. 2. This
is an auto-populated field representing aggregate of the
amounts entered at fields (i) and (ii) below. The amount
eligible for deduction is subject to maximum limit of
Rs.25000 paid during the year. |
| (i) | Health Insurance | Please enter the amount paid during the year towards
Health Insurance. |
| (ii) | Preventive Health Checkup | Please enter the amount paid during the year towards
Preventive Health Checkup. |
| 2b | Parents Including senior citizen | This field will be available if ‘Yes’ is ticked in S.No. 2. This
is an auto-populated field representing aggregate of the
amounts entered at fields (i), (ii) and (iii) below. The
amount eligible for deduction is subject to maximum
limit of Rs.50000 paid during the year. |
| (i) | Health Insurance | Please enter the amount paid during the year towards
Health Insurance. |
| (ii) | Preventive Health Checkup | Please enter the amount paid during the year towards
Preventive Health Checkup. |
| (iii) | Medical Expenditure (This
deduction can be claimed on
which health insurance is not
claimed at (i) above) | Please enter the amount paid during the year towards
Medical Expenditure. This deduction can be claimed only
if no amount is paid towards health insurance of such
person. |
Note : The aggregate eligible amount of deduction for Preventive Health Checkup is subject to
maximum limit of Rs.5000 paid during the year. |
Schedule AMT – Computation of Alternate Minimum Tax payable under section 115JC
In this Schedule, please furnish the assessee is required to fill the details of computation of
Alternate Minimum Tax (AMT) payable under section 115JC (special provisions for payment of tax by
certain persons other than a company). The alternate minimum tax payable under the section shall be
18.5 percent of the adjusted total income computed under the said section 115JC. The computation of
adjusted total income and alternate minimum tax under this schedule should be based on the audit report
in Form No.29C, which has to be filed electronically before the due date for furnishing the return of
income u/s 139(1).
Schedule AMTC- Computation of tax credit under section 115JD
Credit for AMT paid in assessment year 2013-14 and subsequent assessment years, in excess of
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 AMT liability for the current assessment year.
Schedule SPI - Income of specified persons (spouse, minor child etc.) includable in income of the
assessee as per section 64
In this Schedule, please furnish the details of income of specified persons (spouse, minor child,
etc.), which is required to be clubbed with your income in accordance with the provisions of Chapter V of the Income-tax Act.
Please note that the income of specified persons reported in this Schedule should also be
mentioned in the relevant Schedule so that the same is included in the head-wise computation of income.
Section 10(32) provides exemption to extent of Rs.1,500/- in respect of income of each minor child
which is required to be clubbed. Therefore, exclude Rs.1,500/- from the income of each minor while
clubbing the income of the minor in the respective head. However, if income of the minor is to be clubbed in various heads, total exclusion should not exceed Rs. 1,500/-.
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 OS 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 (amount not exceeding
Rs. 10 lakh) | Please enter the amount of dividend income received
during the year from any domestic company for an
amount not exceeding Rs. 10 Lakhs for residents or
resident but not ordinarily resident. For Non- Residents
amount can be entered exceeding Rs. 10 Lakhs. |
| 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 | Net Agricultural income for the
year (i – ii – iii) (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] reduced by expenditure [3ii] and
unabsorbed agricultural losses [3iii]. |
| 3v | 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, (including
exempt income of minor child) | 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 115UA or 115UB 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
not chargeable to tax as per DTAA at column [5] and pass
through income not chargeable to tax at column [6]. |
Schedule PTI - Pass Through Income details from business trust or investment fund as per section
115UA, 115UB
In this Schedule, please report the details of pass through income/ loss as per Form 64B or Form
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 115UA
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 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 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 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 are reported in Form 67 in order to claim
credit.
Schedule TR - Summary of tax relief claimed for taxes paid outside 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 which 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 ‘not ordinarily resident’ or 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 - Any immovable property outside India
- Table D - Any other capital assets outside India.
- 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 an individual 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 individual providing the consideration or any other
person.
(b) Beneficiary in respect of an asset means an individual 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 both 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
(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 at 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 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 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 a foreign
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.
If you have held foreign assets during the previous year which have been duly reported in the
Schedule FA. Even then you are required to report such foreign asset again in the Schedule AL (if applicable)
Schedule 5A- Information regarding apportionment of income between spouses governed by
Portuguese Civil Code
In case you are governed by the system of community of property under the Portuguese Civil Code
1860, please furnish the information necessary for apportionment of income between husband and wife
in this Schedule.
In columns (ii) and (iv), please provide head-wise break-up of amount of income received and TDS
deducted on such income.
In columns (iii) and (iv), please specify the head-wise break-up of amount of income, and TDS
thereon, to be apportioned in the hands of spouse.
Please provide name and PAN/ Aadhaar No. of spouse in whose hands income has to be
apportioned. The income so apportioned should be reflected in the return of income of the spouse.
Schedule AL - Assets and Liabilities at the end of the year
In case your total income exceeds Rs. 50 lakh, it is mandatory to disclose the details of movable and
immovable assets etc. in this Schedule along with liabilities incurred in relation to such assets.
The assets required to be reported in this Schedule include immovable assets viz. land and building
; financial assets viz. bank deposits, shares and securities, insurance policies, loans and advances given,
cash in hand, movable assets viz. jewellery, bullion, vehicles, yachts, boats, aircraft etc.
If you are a non-resident or ‘resident but not ordinarily resident’, only the details of assets located
in India are to be mentioned.
For the purpose of this Schedule, “jewellery” includes.-
(a) ornaments made of gold, silver, platinum or any other precious metal or any alloy
containing one or more of such precious metals, whether or not containing any precious
or semi-precious stone, and whether or not worked or sewn into any wearing apparel;
(b) precious or semi-precious stones, whether or not set in any furniture, utensil or other
article or worked or sewn into any wearing apparel.
For the purposes of this Schedule, the amount in respect of assets to be reported will be:-
(a) the cost price of such asset to the assessee; or
(b) where wealth-tax return was filed by the assessee and the asset was forming part of
the wealth-tax return, the value of such asset as per the latest wealth-tax return in which
it was disclosed as increased by the cost of improvement incurred after such date, if
any.
In case the asset became the property of the assessee under a gift, will or any mode specified in
section 49(1) and not covered by (v) above:-
(a) the cost of such asset to be reported will be the cost for which the previous owner of
the asset acquired it, as increased by the cost of any improvement of the asset
incurred by the previous owner or the assessee, as the case may be; or.
(b) in case where the cost at which the asset was acquired by the previous owner is
not ascertainable and no wealth-tax return was filed in respect of such asset, the value may
be estimated at the circle rate or bullion rate, as the case may be, on the date of acquisition by the assessee as increased by cost of improvement, if any, or 31st day of March, 2019:
Previous owner shall have the meaning as provided in Explanation to section 49(1) of the Act.
Schedule DI – Details of Investments
This schedule is required to be filled in the following cases:-
(i) 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 VI-A.
(ii) Part B- If “yes” is selected in case of Deemed capital gain as referred in item A6a & B10a of
schedule CG
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 VI-A 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 VI-A |
| 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 | 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. A6a of schedule CG |
| 2 | Amount utilised out of Capital Gains account
(As per S. No. A7a of Schedule CG) | Amount will be auto-populated
from S.No. A6a 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*
* - Time-limit relaxed to
30.09.2020 as per The Taxation
and Other Laws (Relaxation
and Amendment of Certain
Provisions) Act, 2020 |
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 – ‘Salary’,
‘Income from house property’, ‘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 | Salaries | Please enter net income chargeable under the head
‘salaries’ as computed at item No. 6 of Schedule S. |
| 2 | 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. |
| 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 instead 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 is an auto-populated figure taken as aggregate of
head-wise income [column (1+2+3c+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 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) and (3) 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,
capital loss, loss from horse races 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 total of brought
forward losses set-off with current year income as per
columns (2) of Schedule BFLA. |
| 9 | Gross Total income (7-8) | Please enter remaining current year income after
allowing for adjustment of brought forward losses
This is an auto-populated figure taken as balance of
current year income [column (7)] as reduced by
brought forward losses 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.
The total claim of deductions under Chapter VI-A
should be limited upto the amount of Gross Total
Income [column (9)] as reduced by income chargeable
at special rates [column (10)]. |
| 12 | 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]. |
| 13 | Income which is included in 12
and 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
computed at column (12).
This figure should be taken from column (i) of
Schedule SI. |
| 14 | Net agricultural income/ any
other income for rate purpose | Please report in this column net agricultural income or
any other 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. |
| 15 | Aggregate income (12 - 13 + 14) | Please compute aggregate income in this column as
Total Income [column (12)] reduced by the income
chargeable at special rates [column (13)] and
increased by the amount of net agricultural income
[column (14)] for rate purposes. |
| 16 | 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 (xii)
of Schedule CFL. |
| 17 | Deemed income under section
115JC | Please report in this column adjusted total income
computed u/s 115JC for the purpose of determining
Alternate Minimum Tax (AMT) payable for the current
year.
Please ensure to fill up Schedule AMT 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 Alternate Minimum Tax (AMT) payable on adjusted total income u/s 115JC. The gross
tax liability for the year is taken as higher of these two, against which claim of AMT credit and tax reliefs
under sections 89/90/90A/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 Name | Instruction |
| 1 | Tax payable on deemed income
under section 115JC | In column 1(a), please enter the amount of the
Alternate Minimum Tax (AMT) payable on adjusted
total income computed under section 115JC, as per
item No. 4 of Schedule AMT.
Compute surcharge and health and education cess
leviable on AMT in columns 1(b) and 1(c) respectively.
In column 1(d), compute the gross tax payable on
deemed income as aggregate of AMT, 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 aggregated total income, 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 case total income chargeable at normal rates
exceeds the maximum amount not chargeable to tax,
please enter the amount of rebate admissible on net
agricultural income in column 2(c).
In column 2(d), please compute the tax payable on
total income, as indicated therein. |
| 3 | Rebate under section 87A | Please enter the amount of tax rebate admissible u/s
87A, if any. |
| 4 | Tax payable after rebate | Please compute the net tax payable after rebate in this
column. |
| 5 | Surcharge | Please compute surcharge leviable on net tax liability
in this column. |
| 6 | Health and Education Cess @ 4% | Please compute health and education cess leviable @
4% on net tax payable and surcharge. |
| 7 | Gross tax liability | Please compute the gross tax liability on total income
as aggregate of tax, surcharge and cess computed at
columns 4, 5 and 6 respectively. |
| 8 | 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 AMT liability [column 1(d)] and gross
tax payable as per normal provisions [column 7]. |
| 9 | Credit u/s 115JD of tax paid in
earlier years | In case the gross AMT payable is higher than the gross
tax payable as per normal provisions, please enter in
this column AMT credit of earlier years utilised against
the gross AMT payable for this year.
The figure of AMT credit utilised should be taken as
per Schedule AMTC. |
| 10 | Tax payable after credit u/s
115JD | Please enter the net tax payable for the year after
allowing credit of AMT of earlier years (if applicable). |
| 11 | Tax relief | In column 11(a), please enter the amount of tax relief
admissible in respect of arrears or advance of salary
received during the year computed as per section 89.
In column 11(b), please enter the amount of 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 11(c), please enter the amount of tax relief
claim for taxes paid outside India in respect of
countries where DTAA is not applicable, as per section
91.
In column 11(d), please compute the aggregate of
claims of tax relief in the above columns. |
| 12 | Net tax liability (10 - 11d) | In this column, please compute net tax liability payable
for the year after allowing the tax relief admissible. |
| 13 | Interest and fee payable | In column 13(a), please enter the amount of interest
chargeable for default in furnishing the return of
income as per section 234A.
In column 13(b), please enter the amount of interest
chargeable for default in payment of advance tax as
per section 234B.
In column 13(c), please enter the amount of interest
chargeable for deferment in payment of advance tax
as per section 234C.
In column 13(d), please enter the amount of fee
payable for default in furnishing the return of income
as per section 234F.
The fee payable is 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 13(e), please enter the aggregate amount of
interest and fee payable, as computed in the above
columns. |
| 14 | Aggregate liability (12 + 13e) | In this column, please enter the aggregate amount of
tax, interest and fee payable for the year. |
| 15 | 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 20 of Part B-TTI. |
| 16 | Amount payable | In case the aggregate amount payable [column (14)] is
higher than the taxes paid for the year [column (15e)],
please compute the net amount payable after claiming
credit of taxes paid. |
| 17 | Refund | In case the taxes paid for the year [column (15e)] is
higher than the aggregate amount payable [column
(14)], please compute the net amount refundable. |
| 18 | Do you have a bank account in
India (Non- Residents claiming
refund with no bank account in
India may select No)
Select Yes or No | Please provide the details of all the savings 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 account 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 tick ‘No’ for the question ‘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
SWIFT Code in case of foreign bank account. |
| Name of the Bank | Please enter name of the Bank |
| Account Number (IBAN in case
of foreign Bank Accounts) | Please enter account number of the Bank |
| Country of Location | In case of non-resident, please provide country of
location of bank |
| IBAN | In case of non-resident, please provide IBAN |
| 19 | 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 and if you have held the
foreign assets etc. at any time during the “previous
year” (in India) as also at any time during the “relevant
accounting period” (in the foreign tax jurisdiction),
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’. |
TRP Details
This return can be prepared by a Tax Return Preparer (TRP) also in accordance with the Tax Return
Preparer Scheme. If the return has been prepared by TRP, the relevant details have to be filled by him
and the return has to be countersigned by him in the space provided in the said item.
Item No.20 - 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 from Salary
Please enter the relevant details of taxes deducted at source from salary as appearing in Form 16 issued
by the employer |
Column
No. | Field Name | Instruction |
| 2 | TAN of the Employer | Please enter the Tax Deduction Account Number (TAN) of
the Employ |
| 3 | Name of the Employer | Please enter the name of the Employer. |
| 4 | Income chargeable under
salaries | Please enter the gross amount of salary in respect of which
tax has been deducted at source. |
| 5 | Total tax deducted | Please enter the amount of total tax which has been
deducted at source. |
Part- C - Details of Tax Deducted at Source (TDS) 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 [Spouse as per section
5A/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:
a) Self
b) 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 No. of the other
person. |
| 4 | TAN of the Deductor/PAN/
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/ Aadhaar
No. 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.
Note: Details of unclaimed TDS brought forward (col 5 &
6) , TDS deducted in own hands (col. 7) , TDS deducted in
the hands of spouse as per section 5A or 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 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 spouse as per section 5A or
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 spouse as per
section 5A or any other person as per rule 37BA(2). |
| 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 receipt and head of
income under which income is offered in column 11 and
column 12 respectively.
In cases, where TDS is deducted by the payer in current
year, but corresponding income is to be offered in future
years. 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. |
| 13 | TDS credit being carried
forward | Please enter the amount of remaining TDS credit which is
being carried forward to subsequent years. |
Part- D – Details of Tax Collected at Source (TCS)
Please enter the relevant details of taxes collected at source during the year as appearing in Form 27D
issued by the collector. |
Column
No. | Field Name | Instruction |
| 2 | Tax deduction and Tax Collection
Account Number of the Collector | Please enter the TAN of the Collector. |
| 3 | Name of the Collector | Please enter the name of the Collector. |
| 4 | Tax collected | Please enter the total amount of tax collected at source
(TCS) during the year. |
| 5 | Amount out of (4) being claimed | Please enter the amount of TCS collected 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 of income. |
| 6 | Amount out of (4) being claimed
in the hands of spouse, if section
5A is applicable | Please enter the amount of TCS credit which is being
claimed in the hands of spouse, in case section 5A is
applicable. |
Verification:
In verification part, please enter the name, father’s name and PAN of the person who is filing the
return.
Return of income can be verified by the individual himself, or by persons authorised on his behalf in
cases referred to in sub-clauses (ii), (iii) and (iv) of clause (a) of section 140 of the Income-tax Act. In such cases however permanent account number of the authorised person is required to be mentioned in
verification and capacity has to be mentioned as per the drop down provided.
In case of HUF, return of income can be verified by the Karta of HUF. In case Karta is absent from
India, or is mentally incapacitated, the return can be verified by any other adult member of the family.
Before signing the verification, please ensure that the information given in the return and the
schedules and the amount of total income, deductions, claims and other particulars shown are true and
correct and are in accordance with the provisions of the Income-tax Act, 1961 and the Income Tax Rules, 1962. Please note that making a false statement in the return or in the accompanying schedules is liable
for prosecution under section 277 of the Income-tax Act, 1961.
Tax Computation Table
(i) In case of every individual (other than resident individual who is of the age of 60 years or more at
any time during the financial year 2019-20) or HUF –
| Income | Tax Liability |
| 1 | Upto ₹2,50,000 | Nil |
| 2 | Between ₹2,50,001 – ₹5,00,000 | 5% of income in excess of ₹2,50,000 |
| 3 | Between ₹5,00,001 – ₹10,00,000 | ₹12,500 + 20% of income in excess of ₹5,00,000 |
| 4 | Above ₹10,00,000 | ₹1,12,500 + 30% of income in excess of ₹10,00,000 |
(ii) In case of resident individual who is of the age of 60 years or more but less than 80 years at any
time during the financial year 2019-20 -
| Income | Tax Liability | |
| 1 | Upto ₹3,00,000 | Nil |
| 2 | Between ₹3,00,001 – ₹5,00,000 | 5% of income in excess of ₹3,00,000 |
| 3 | Between ₹5,00,001 – ₹10,00,000 | ₹10,000 + 20% of income in excess of ₹5,00,000 |
| 4 | Above ₹10,00,000 | ₹1,10,000 + 30% of income in excess of ₹10,00,000 |
