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  • ITR – 6 Form

    title="Royal Sundaram Car Insurance"

    What is the ITR – 6 form?

    The ITR 6 form is an income tax form that is to be used by companies other than those companies that claim exemptions under Section-11.

    Companies that can claim exemptions under Section-11 are the ones who hold their income from property for religious or charitable purposes.

    Instructions on How to Fill out the ITR – 6 Form:

    1. Part A – General:

    The first part of Part A of the ITR – 6 form requires you to furnish details relating to your personal information.

    Name: The current name of the firm, LLP, BOI, AOP, AJP, etc. should be filled here. The name should be as it appears on official and registered documents.

    PAN: PAN card number should be filled here.

    Is there any change in the name? If yes, please furnish the old name: If there have been changes in the name of the entity for whatever reason, the old name should be mentioned here.

    Corporate Identity Number (CIN) issued by the MCA:

    Flat / Door / Block no.: As it appears on official and registered documents and must be filled accurately.

    Name of premises / building / village: As it appears on official and registered documents and must be filled accurately.

    Date of incorporation (DDMMYYYY): Please fill out the date in the prescribed format of DAY/MONTH/YEAR as DD/MM/YYYY.

    Road / Street / Post Office: As it appears on official and registered documents and must be filled accurately.

    Area / Locality: As it appears on official and registered documents and must be filled accurately.

    Type of Company:

    1. Domestic Company.
    2. Foreign Company.

    Tick the right option depending on the type of company for which taxes are being files.

    Town / City / District: As it appears on official and registered documents and must be filled accurately.

    State:

    PIN Code:

    If a public company write 6, and if private company write 7 (as defined in section 3 of The Company Act)

    Write either <6> or <7> here.

    Country:

    Office Phone Number with STD Code / Mobile Number 1:

    Mobile Number 2:

    Income Tax Ward / Circle: Write the Income Tax Ward or Circle that the company belongs to.

    Email address 1:

    Email address 2:

    The second part of Part A of the form requires you to furnish details relating to return filing status.

     

    (a)

    Return filed: Here, you need to tick the appropriate option depending on your individual case:

    1. On, or before due date – 139(1).

    2. After due date – 139(4).

    3. Revised Return – 139(5).

    4. Modified Return – 92CD.

    5. Under Section 119(2)(b), or in response to notice.

    6. Defective – 139(9).

    7. 142(1).

    8. 148.

    9. 153(A).

    10. 153(C).

    (b)

    If revised/in response to notice for Defective/Modified, then enter Receipt No and Date of filing original return (DD/MM/YYYY)

    Receipt number goes here.

    Date goes here in the DD/MM/YYYY format.

    (c)

    If filed, in response to a notice under section 139(9) / 142(1) / 148 / 153A / 153C you must enter date of such notice, or under section 92CD you must enter date of advance pricing agreement.

    Date goes here in the DD/MM/YYYY format.

    (d)

    Residential Status:

    1. Resident.

    2. Non-resident.

    Here, tick the appropriate option.

    (e)

    In the case of non-resident, is there a permanent establishment (PE) in India

    1. Yes.

    2. No.

    This only applies for non-residents. Here, tick the appropriate option.

    (f)

    Whether you are an FII / FPI?

    1. Yes.

    2. No.

    Here, tick the appropriate option. If “yes”, then you must provide SEBI registration number

    SEBI Registration number goes here.

    (g)

    Whether any transaction has been made with a person located in a jurisdiction notified u/s 94A of the Act?

    1. Yes.

    2. No.

    Here, tick the appropriate option.

    (h)

    Whether this return is being filed by a representative assessee?

    1. Yes.

    2. No.

    Here, tick the appropriate option. If “yes”, then you must provide the following information:

     

    1.

    Name of the representative.

     

    2.

    Address of the representative.

     

    3.

    PAN details of the representative.

    The next part of Part A of the form requires information relating to audit information.

     

    a.

    Whether liable to maintain accounts as per section 44AA?

    1. Yes.

    2. No.

    Here, tick the appropriate option.

    b.

    Whether liable for audit under section 44AB?

    1. Yes.

    2. No.

    Here, tick the appropriate option.

    c.

    If (b) the above option is Yes, whether the accounts have been audited by an accountant?

    1. Yes.

    2. No.

    Here, tick the appropriate option. If “yes”, then you must furnish the following information:

     

    1.

    Date of furnishing of the audit report: Must be filled in with the DD/MM/YYYY format.

     

    2.

    Name of the auditor signing the tax audit report:

     

    3.

    Membership no. of the auditor:

     

    4.

    Name of the auditor (proprietorship/ firm):

     

    5.

    PAN details of the auditor (proprietorship/ firm):

     

    6.

    Date of audit report:

    d.

    If liable to furnish other audit report, mention the date of furnishing of the audit report:

     

    92E fill with DD/MM/YY format.

    115JC fill with DD/MM/YY format.

    Fill with DD/MM/YY format.

    The next part of Part A of the form requires the assesse to furnish information relating to holding status.

    (a)

    Nature of company (write 1 if holding company, write 2 if a subsidiary company, write 3 if both, write 4 if any other) in the box to the right.

    Write 1, 2, 3, or 4 as applicable here.

    (b)

    If Subsidiary Company (2) mention the details of the Holding Company

    PAN

    Name of the Holding Company

    Address of the Holding Company

    Percentage of Shares held.

    Enter the relevant PAN details here.

    Enter the name of the Holding Company as it appears on current official records here.

    Enter the address of the Holding Company as it appears on current official records here.

    Write down the percentage of shares held here.

    (c)

    If Holding Company (1) mention the details of the Subsidiary Company

    PAN

    Name of the Holding Company

    Address of the Holding Company

    Percentage of Shares held.

    Enter the relevant PAN details here.

    Enter the name of the Subsidiary Company as it appears on current official records here.

    Enter the address of the Subsidiary Company as it appears on current official records here.

    Write down the percentage of shares held here.

    The next part of Part A of the form requires information relating to business organization.

    (a)

    In case of Amalgamating Company, mention the details of the Amalgamated Company

    PAN

    Name of Amalgamated Company

    Address of Amalgamated Company

    Enter the relevant PAN details here.

    Enter the name of the Amalgamated Company as it appears on current official records here.

    Enter the address of the Amalgamated Company as it appears on current official records here.

    (b)

    In case of Amalgamated Company, mention the details of the Amalgamating Company

    PAN

    Name of Amalgamating Company

    Address of Amalgamating Company

    Enter the relevant PAN details here.

    Enter the name of the Amalgamating Company as it appears on current official records here.

    Enter the address of the Amalgamating Company as it appears on current official records here.

    (c)

    In case of Demerged Company, mention the details of the Resulting Company

    PAN

    Name of Resulting Company

    Address of Resulting Company

    Enter the relevant PAN details here.

    Enter the name of the Resulting Company as it appears on current official records here.

    Enter the address of the Resulting Company as it appears on current official records here.

    (d)

    In case of Resulting Company, mention the details of the Demerged Company

    PAN

    Name of Demerged Company

    Address of Demerged Company

    Enter the relevant PAN details here.

    Enter the name of the Demerged Company as it appears on current official records here.

    Enter the address of the Demerged Company as it appears on current official records here.

    The next part of Part A of the form requires information on key persons and their details.

    Sl. No.

    Name

    Designation

    Address

    PAN

    Director Identification Number as issued by MCA.

    Enter the name as it appears on official and verifiable records.

    Enter the designation as it appears on official records.

    Enter the address as it appears on official records.

    Enter the relevant PAN information.

    This is only required in case the entity has a director.

    The next part of Part A of this form requires details on shareholders information.

    Particulars of persons who were beneficial owners of shares holding not less than 10% of the voting power at any time of the previous year.

    Sl. no.

    Name and Address.

    Percentage of shares held.

    PAN

    The name and address of the particular shareholder as it appears on official relevant documents.

    The percentage of shares held by the shareholder should be written here.

    The shareholder’s relevant PAN information should be written here.

    The next part of Part A of this form requires information on the nature of the company and its business.

    Nature of the company Read the appropriate options and tick either “yes” or “no” in the column to the right. If the company for which tax is being filed using this form falls under the definition of the following options, tick “yes”. If not, tick “no”.

    Tick either “yes” or “no” as is applicable for your particular company.

    1.

    Whether a public sector company as defined in section 2(36A) of the Income-tax Act.

    Yes.

    No.

    2.

    Whether a company owned by the Reserve Bank of India.

    Yes.

    No.

    3.

    Whether a company in which not less than forty percent of the shares are held (whether singly or taken together) by the Government or the Reserve Bank of India or a corporation owned by that Bank.

    Yes.

    No.

    4.

    Whether a banking company as defined in clause (c) of Section 5 of the Banking Regulation Act, 1949.

    Yes.

    No.

    5.

    Whether a scheduled Bank being a bank included in the Second Schedule to the Reserve Bank of India Act.

    Yes.

    No.

    6.

    Whether a company registered with Insurance Regulatory and Development Authority (established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999).

    Yes.

    No.

    7.

    Whether a company being a non-banking Financial Institution.

    Yes.

    No.

    Nature of the business of profession. If more than one business of profession indicate three main activities / products.

    Sl. No.

    Code

    Description

    i.

       

    ii.

       

    iii.

       
    1. Part A – BS (Balance Sheet):

    The BS (Balance Sheet) part of Part A of Form 6 is to be filled with the details of all the particulars that appear in the balance sheet of the company that is filing the return.

    The required values must be entered as they appear on the 31st of March, 2015 (for assessment year 2015 – 2016).

    The information required can be classified under the following heads, with sum totals for each of the particulars under each heading:


    1. Equity and Liabilities: The total value of the particulars under equity and liabilities must be mentioned, as they appear on the 31st day of March, 2015 – for Assessment Year 2015 – 2016.
      1. Shareholder’s Fund:
        • Share Capital.
        • Reserves and Surplus.
        • Money received against share warrants.
        • . Total Shareholder’s Fund = (total under A) + (total under B) + (total under C).
      2. Share application money pending allotment:
      3. Non-current liabilities:
        • Long term borrowings.
        • Net of Deferred tax liabilities.
        • Other long-term liabilities.
        • Long-term provisions.
        • Total Non-current liabilities = (total under A) + (total under B) + (total under C) + (total under D).
      4. Current liabilities:
        • Short-term borrowings.
        • Trade payables.
        • Other current liabilities.
        • Short-term provisions.
        • . Total current liabilities = (total under A) + (total under B) + (total under C) + (total under D).
    2. Assets: The total value of the particulars under Assets must be mentioned, as they appear on the 31st day of March, 2015 – for Assessment Year 2015 – 2016.
      1. Non-current assets:
        • Fixed Assets.
        • Non-current investments.
        • Net of deferred taxes.
        • Long-term loans and advances.
        • Other non-current assets.
        • .Total non-current assets = (total under A) + (total under B) + (total under C) + (total under D) + (total under E).
      2. Current Assets:
        • Current Investments.
        • Inventories.
        • Trade receivables.
        • Cash and cash equivalents.
        • Short term loans and advances.
        • Other current assets.
        • Total current assets = (total under A) + (total under B) + (total under C) + (total under D) + (total under E) + (total under F).

    3. Part A – P & L (Profit & Loss Account)Items 1 to 52 in this form must be filled in cases where regular books of accounts are maintained. In cases where regular books of accounts are not maintained, Item 53 must be filled.    The first part of the P&L part of the form contains information relating to credits to profit and loss account:
      1. Revenue from operations:
        • Sales/ Gross receipts of business (net of returns and refunds and duty or tax, if any).
        • Duties, taxes and cess received or receivable in respect of goods and services sold or supplied.
        • Total revenue from operations = (total under A) + (total under B).
      2. Other income.
      3. Closing Stock.
      4. Total of credits to P & L account = total of the above. The next part of the P&L part of the form contains information relating to debits to profit and loss account:
      5. Opening stock.
      6. Purchases (net of refunds and duty or tax, if any).
      7. Duties and taxes, paid or payable, in respect of goods and services purchased.
      8. Freight.
      9. Consumption of stores and spare parts.
      10. Power and Fuel.
      11. Rents.
      12. Repairs to building.
      13. Repairs to plant, machinery, or furniture.
      14. Compensation to employees.
      15. Insurance.
      16. Workmen and staff welfare expenses.
      17. Entertainment.
      18. Hospitality.
      19. Conference.
      20. Sales promotions including publicity (other than advertisement).
      21. Advertisement.
      22. Commission.
      23. Royalties.
      24. Professional fees / consultation fees / fees paid for technical services.
      25. Hotel, boarding, and lodging.
      26. Travelling expenses other than foreign travel.
      27. Foreign travelling expenses.
      28. Conveyance expenses.
      29. Telephone expenses.
      30. Guest house expenses.
      31. Club expenses.
      32. Festival celebration expenses.
      33. Scholarships.
      34. Gifts.
      35. Donations.
      36. Rates and taxes, paid or payable to Government or any local body (excluding taxes on income).
      37. Audit fees.
      38. Other expenses.
      39. Bad debts written off.
      40. Provisions for bad and / or doubtful debts.
      41. Other provisions.
      42. Profit before interest, depreciation, and taxes = total of the above.
      43. Interest paid.
      44. Depreciation and amortization.
      45. Profit before taxes = 42 – (total of 43) – 44. The next part of the P & L part of the form contains details relating to provisions for taxes and appropriations:
      46. Provision for current tax.
      47. Provision for deferred tax and deferred liability.
      48. Profit after tax = 45 – 46 – 47.
      49. Balance brought forward from the previous year.
      50. Amount available for appropriation = 48 + 49.
      51. Appropriations.
      52. Balance carried to the Balance Sheet = 50 – (total of 51).The next part of the P & L account part of the form needs only to be filled out in case regular books of accounts have not been maintained:
      53. In case regular books of accounts have not been maintained, the following information in respect of the Previous Year 2014 – 2015 must be furnished:
        • Gross receipts.
        • Gross profit.
        • Expenses.
        • Net profit.
    4. Part A – OI (Other Information)

      This is optional in a case not liable for audit under section 44AB.

      This section contains information on:

      • Which method of accounting is being used / was being used and if there is any change in the same.
      • Effect on the profit because of deviation, if any, in the method of accounting employed in the previous year from accounting standards prescribed under section 145A.
      • Method of valuation of closing stock as employed in the previous year.
      • Amounts not credited to the P & L Account.
      • Amount and provision for bad / doubtful debts.
      • Amounts debited to the P & L Account to the extent disallowable under Section 36.
      • Amounts debited to the P & L Account to the extent disallowable under Section 37.
      • Amounts debited to the P & L Account to the extent disallowable under Section 40.
      • Amounts debited to the P & L Account to the extent disallowable under Section 40A.
      • Amounts disallowed under Section 43B in any year preceding previous year but allowable during the previous year.
      • Amounts debited to profit and loss account of the previous year but disallowable under Section 43B.
      • Amount of outstanding credit in the accounts for Union Excise duty, service tax, VAT / sales tax, other taxes, etc.
      • Amounts that are deemed to be profits and / or gains under Section 33AB, or Section 33ABA, or Section 33AC.
      • Any amount of profit chargeable to tax under Section 41.
      • The net amount of any income or expenditure of prior period credited or debited to the profit and loss account.
    5. Part A – QD (Quantitative Details)

      This is optional in a case not liable for audit under section 44AB.

      This part of the form requires the assesse to furnish information relating to the quantitative details of the opening / closing stock of products and raw materials, as under:

      1. In the case of trading concerns:
        1. Opening stock.
        2. Purchases during the previous year.
        3. Sales during the previous year.
        4. Closing stock.
        5. Shortage or excess, if any.
      2. In the case of manufacturing concerns:
        1. Raw materials.
        2. Finished products / by-products.
    6. Part B – TI (Total Income)This part of the form requires the assesse to furnish information under the following heads in order to determine total income:
      1. Income from house property.
      2. Profits and gains from business or profession.
      3. Capital gains.
      4. Income from other sources.
      5. Total = (total of 1) + (total of 2) + (total of 3) + (total of 4).
      6. Losses of the current year to be set of against 5.
      7. Balance after set off of current year losses = 5 – 6.
      8. Brought forward losses to be set of against 7.
      9. Gross total income = 7 – 8.
      10. Income chargeable to tax at special rate under section 111A, 112 etc. included in 9.
      11. Deduction u/s 10A or 10AA.
      12. Deductions under Chapter VI-A.
      13. Total income = 9 – 11 – (total of 12).
      14. Income chargeable to tax at special rates.
      15. Income chargeable to tax at normal rates (13 - 14).
      16. Net agricultural income.
      17. Losses of current year to be carried forward.
      18. Deemed total income under section 115JB.
    7. Part B – TTI (Computation of Tax Liability on Total Income)

      The first part of this section deals with the computation of tax liability by taking into consideration information furnished under the following heads:

      1. Total tax payable under section 115JB.
      2. Tax payable on total income.
      3. Gross tax payable.
      4. Credit under section 115JAA of tax paid in earlier years.
      5. Tax payable after credit under section 115JAA.
      6. Tax relief.
      7. Net tax liability = 5 – 6.
      8. Total interest payable.
      9. Aggregate liability.

        The next part of this section considers taxes paid:

      10. Taxes paid.
      11. Amount payable.
      12. Refund.

        The next part of this section contains information on bank accounts:

      13. Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts).
      14. If, at any time during the previous year, any of the following is true:
      15. Assesse has held, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India.
      16. Assesse has signing authority in any account located outside India.
      17. Assesse has income from any source outside India.

    After filling out the form, a declaration is required to be signed, worded as under:

    I, ___ (write taxpayer’s name here) son / daughter of ____ (fill in as required) , holding permanent account number ____ (write PAN number here) solemnly declare that to the best of my knowledge and belief, the information given in the return and the schedules thereto is correct and complete and that the amount of total income and other particulars shown therein are truly stated and are in accordance with the provisions of the Income-tax Act, 1961, in respect of income chargeable to income-tax for the previous year relevant to the assessment year 2015-16. I further declare that I am making this return in my capacity as ____ (fill in as required) and I am also competent to make this return and verify it. I further declare that the critical assumptions specified in the agreement have been satisfied and all the terms and conditions of the agreement have been complied with. (Applicable, in a case where return is furnished under section 92CD).

    Place (the place in which you filled out the above details).

    Date (the date on which you fill the above).

    Signature (the document needs to be duly affixed with your signature).

    The next part deals with Schedules to the Return Form:

    1. Schedule HP – Details of income from House Property.

      All the details of any income from owned house properties including addresses, the share in ownership of the property, annual rent received or receivable, taxes paid, etc.

    2. Schedule BP – Details of income from Business or Profession.

      All profits and gains from all businesses and professions, details of business losses set off, income remaining after set off, etc. are to be furnished in this schedule.

    3. Schedule DPM – Details of depreciation on Plant & Machinery (other than assets on which full capital expenditure is allowable as deduction under any other section).

      Details of depreciation on the assets Plat & Machinery are to be furnished here. Starting from the written down value as on the first day of the previous year, additions, considerations, depreciation, etc. and the written down value as on the last day of the previous year.

    4. Schedule DOA – Details of depreciation on Other Assets (other than assets on which full capital expenditure is allowable as deduction).

      Depreciation on various other groups of assets like building, furniture & fittings, intangible assets, ships, etc. is to be furnished here. Details about additions, depreciation, considerations, etc. are used to determine the written down value on the last day of the previous year.

    5. Schedule DEP – Summary of Depreciation on Assets (other than assets on which full capital expenditure is allowable as deduction under any other section).

      A summary of the depreciation claimed on assets like plant and machinery, building, furniture and fittings, intangible assets, and ships is recorded here to arrive at the total depreciation in the previous year.

    6. Schedule DCG – Details of Capital Gains on the sale of depreciable assets.

      Details of capital gains on the sale of assets that have undergone depreciation are to be furnished here.

    7. Schedule ESR – Details of Deductions under section 35 or 35CCC or 35CCD.

      Details of expenditure of the nature mentioned in Section 35, Section 35CCC, and Section 35CCD are to be furnished here. Amounts under the various sections which are debited to P & L account are deducted from Amount of deductions allowable – in order to arrive at Amount of deduction in excess of the amount debited to P & L account.

    8. Schedule CG – Details of Capital Gains.

      All details relating to Short term capital gains, Long term capital gains, Income chargeable under the heading “Capital Gains”, Information about the deduction claimed, a Set-off of the capital losses of the current year with the capital gains of the current year, and information about receipt / accrual of capital gain are to be furnished here.

    9. Schedule OS – Details of Income from Other Sources.

      Details of gross income from dividends, interest, rental income, winnings from competitions, gross amount chargeable to tax, income from other sources, horse racing etc. are to be furnished here.

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

      Details of the income figure that’s arrived at after setting off losses in the current year under the heads of house property loss, business loss, losses from other sources, etc. is to be furnished in this section.

    11. Schedule BFLA – Details of Income after the set-off of Brought Forward Losses of earlier years.

      Income after set off of current year’s losses, brought forward losses set off, brought forward depreciation set off, allowances brought forward under Section 35(4) set off, Current year’s income after set off for house property, business, etc. are to be furnished.

    12. Schedule CFL – Details of Losses to be carried forward.

      All losses to be carried forward are summarised and furnished in this form.

    13. Schedule UD – Unabsorbed depreciation and allowances under section 35(4).
      Details to be furnished here include the amount of brought forward unabsorbed depreciation, amount of depreciation set off against the current year income, balance to be carried forward to the next year, amount brought forward unabsorbed allowance, amount of allowance set off against the current year’s income, and balance carried forward to the next year.
    14. Schedule 10A – Details of deductions under section 10A.

      This is for deductions in respect of units located in SEZs (Special Economic Zones).

    15. Schedule 10AA – Details of deductions under section 10AA.

      This is for deductions in respect of units located in SEZs (Special Economic Zones) that are not only manufacturing units.

    16. Schedule 80G – Details of donations entitled for deductions under section 80G.

      Details of the PAN of the Donator, amount of donations, amount eligible for deduction, is furnished by the % of donations and eligible deductions.

    17. Schedule 80-IA – Details of deductions under Section 80-IA.

      This is for deductions for enterprises as under:

      1. Section 80-IA(4)(i) for Infrastructure facilities.
      2. Section 80-IA(4)(ii) for Telecommunication services.
      3. Section 80-IA(4)(iii) for Industrial Parks and SEZs.
      4. Section 80-IA(4)(iv) for Power.
      5. Section 80-IA(4)(v) for Revival of power generating plant.
      6. Section 80-IA(4)(vi) for Cross-country natural gas distribution network.
    18. Schedule 80-IB – Details of deductions under Section 80-IB.

      This is for deductions under Section 80-IB, which includes:

      1. Deductions for industrial undertakings in Jammu & Kashmir.
      2. Deductions for industrial undertakings in industrially backward states as mentioned in the Eighth Schedule.
      3. Deductions for industrial undertakings in industrially backward districts.
      4. Deductions for multiplex theatres.
      5. Deductions for convention centres.
      6. Deductions for industrial undertakings which produce or refine mineral oils.
      7. Deductions for industrial undertakings developing and building housing projects.
      8. Deductions for industrial undertakings operating a cold chain facility.
      9. Deductions for industrial undertakings that process or package fruits, vegetables, meat, poultry, marine, &/or dairy products.
      10. Deductions for industrial undertakings that are engaged in the integrated business of handling, storing, and transportation of food grains.
      11. Deductions for industrial undertakings that are engaged in the operation of a rural hospital and the maintenance of the same.
    19. Schedule 80-IC or 80-IE – Details of deductions under Section 80-IC or 80-IE.

      To be furnished in this section are deductions in respect of undertakings located in:

      1. Sikkim.
      2. Himachal Pradesh.
      3. Uttaranchal.
      4. Assam.
      5. Arunachal Pradesh.
      6. Manipur.
      7. Mizoram.
      8. Meghalaya.
      9. Nagaland.
      10. Tripura.
    20. Schedule VI-A – Details of deductions under Chapter VI-A.

      This schedule contains deductions in respect of certain payments under 80G, and 80GGC.

    21. Schedule SI – Details of income chargeable to tax at special rates.

       

    22. Schedule EI – Details of exempt income.

      Details of interest income, agricultural income, dividend income, long term capital gains on which securities tax is paid, etc. that are exempt from income are to be furnished here.

    23. Schedule MAT – Minimum Alternate Tax payable under section 115JB.

      All relevant details used to compute the Minimum Alternate Tax payable are to be furnished here.

    24. Schedule MATC – Computation of tax credit under section 115JAA.

       

    25. Schedule DDT – Details of tax on distributed profits of domestic companies and its payment.

      The information furnished here is related to Dividend Distribution Tax.

    26. Schedule BBS – Details of tax on the distributed income of domestic companies on the buyback of shares, not listed on the stock exchange.

       

    27. Schedule FSI – Details of income from outside India and tax relief.

      This schedule must contain information like country code, taxpayer identification number, head of income, and the relevant article of DTAA if relief is claimed under Section 90 or 90A, among other information.

    28. Schedule TR – summary of tax relief claimed for taxes paid outside India.

      This is a summary of the details that would have been furnished in above schedules relating to taxes being paid outside India.

    29. Schedule FA – Details of foreign assets and income from sources outside India.

      This schedule requires information and details relating to:

      • Details of foreign bank accounts held at any time during the previous year.
      • Details of financial interests in any Entity held at any time during the previous year.
      • Details of immovable property held at any time during the previous year.
      • Details of any other capital asset held at any time during the previous year.
      • Details of accounts in which the assessee has signing authority at any time during the previous year which has not been included in A to D.
      • Details of trusts created under the laws of another country outside India, in which the assessee is a trustee, beneficiary, or settlor.
      • Details of any other income derived from any other source outside India which is not included in A to F above, and not been mentioned under the head of income from business of profession.
    TAX
    Forms:
  • reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
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