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Income Tax Return Form-6

ITR 6 online filing step by step guide

Jun 10, 2022

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 ITR 6

Income Tax is one mandatory tax which Indian citizens have to pay.  Due to the huge diversity in the citizens with respect to income, employment & citizenship status, the Income Tax Return Forms are of 7 different types. Among seven types ITR 6 is one of them. 

The various aspects of the ITR 6 are discussed in this article. 

Eligibility Criteria to file ITR6

It is for the companies that are not claiming exemptions u/s 11, that is, income from property that is held for charitable or religious purposes

Who cannot file ITR 6 

Hindu Undivided Family (HUF), Association of Person (AOP), Body of Individuals (BOI), Firms, Individuals, Local Authority, and Artificial Judiciary Person cannot file ITR 6.

Additionally, companies that claim exemption are covered under section 11.

ITR Form 6 Filing Mode

ITR Form 6 has to be compulsory to be carried out via online mode. The digital signature holds importance as the filing process authentication is carried out by it. 

There is no means to file ITR 6 via offline mode.

Major Changes Introduced in ITR – 6 in the annual year 2020-21

  1. For long-term capital gains a separate schedule 112A which is for the calculation of the long-term capital gains on the sale of equity shares or units of business trust which are liable to STT
  2. Secondary adjustments to transfer price which are under Section 92CE(2A) are included.
  3. Tax deduction claims with respect to investments/payments/ expenditure made in the period 1st April 2020 until 30th June 2020 section are incorporated.

Additional Documents

No additional document is required except the TDS certificate should be added with the ITR 6 form.

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View of ITR Form6

The ITR Form 6 is divided into 2 parts. The first one is called Part A which is about general information and Part B is about the computation of total income.

Apart from these two sections the form also consist of various schedules, they are as follows Schedule HP, Schedule BP, Schedule DPM, Schedule DOA, Schedule DEP, Schedule DCG, Schedule ESR, Schedule CG, Schedule 112A, Schedule 115AD(1)(b)(iii) Proviso, Schedule OS, Schedule CYLA, Schedule BFLA, Schedule CFL, Schedule UD, Schedule ICDS, Schedule 10AA, Schedule 80G, Schedule 80GGA, Schedule RA, Schedule 80-IA, Schedule 80-IB, Schedule 80-IC or 80-IE, Schedule SI, Schedule EI, Schedule PTI, Schedule MAT, Schedule MATC, Schedule DDT, Schedule BBS, Schedule TPSA, Schedule FSI, Schedule TR, Schedule FA, Schedule Sh-2, Schedule AL-1, Schedule AL-2, Schedule GST and Schedule FD. 

The information in Part A of the form is as-

  • Name
  • PAN
  • Is there any change in the company’s name? If yes, please furnish the old name
  • Corporate Identity Number (CIN) issued by MCA
  • Flat/Door/Block No
  • Name of Premises/Building/Village
  • Date of incorporation
  • Date of commencement of business
  • Road/Street/Post Office
  • Area/Locality
  • Type of company
    • Domestic Company
    • Foreign Company
  • Town/City/District
  • State
  • Pin code/Zip code
  • If a public company write 6, and if a private company write 7 (as defined in section 3 of The Companies Act)
  • Office Phone Number with STD code/ Mobile No. 1
  • Mobile No. 2
  • Email Address-1
  • Email Address-2

Filing Status

  • Filed u/s (Tick)[Please see instruction]
    • 139(1)- On or Before the due date
    • 139(4)- After the due date
    • 139(5)- Revised Return
    • 92CD-Modified return
    • 119(2)(b)- after condonation of delay
  • Or filed in response to notice u/s
    • 139(9)
    • 142(1)
    • 148
    • 153A
    • 153C
  • If revised/ defective/Modified, then enter Receipt No and Date of filing the original return (DD/MM/YYYY)
  • If filed, in response to notice u/s 139(9)/142(1)/148/153A/153C or order u/s 119(2)(b), enter Unique Number /Document Identification Number and date of such notice/order, or if filed u/s 92CD enter date of advance pricing agreement
  • Residential Status (Tick)
    • Resident
    • Non-Resident
  • Whether the assessee has opted for taxation under section 115BA/115BAA/115BAB? (Yes/No) (applicable on Domestic Company)
  • Whether total turnover/ gross receipts in the previous year 2017-18 exceed 400 crore rupees? (Yes/No) (applicable for Domestic companies)
  • Whether the assessee is a resident of a country or specified territory with which India has an agreement referred to in sec 90 (1) or Central Government has adopted any agreement under sec 90A(1)?
  • In the case of non-residents, is there a Permanent Establishment (PE) in India
  • Whether assesses is required to seek registration under any law for the time being in force relating to companies?
  • And, Whether the financial statements of the company are drawn up in compliance with the Indian Accounting Standards specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015
  • Whether assesses is located in an International Financial Services Centre and derives income solely in convertible foreign exchange?
  • Whether the assessee company is under liquidation
  • And, Whether you are an FII / FPI? Yes/No If yes, please provide SEBI Regn. No.
  • Whether the company is a production company as defined in Sec.581A of the Companies Act, 1956?
  • Whether this return is being filed by a representative assesses? If yes, please furnish the following information:
  • (1) Name of the representative assessee
  • (2) Capacity of the Representative (drop down to be provided)
  • (3) Address of the representative assessee
  • (4) Permanent Account Number (PAN)/Aadhaar No. of the representative assessee
  • Whether you are recognised as a start-up by DPIIT
  • 1 If yes, please provide the start-up recognition number allotted by the DPIIT
  • 2 Whether a certificate from the inter-ministerial board for certification is received?
  • 3 If yes provide the certification number
  • 4 Whether declaration in Form-2 in accordance with para 5 of DPIIT notification dated 19/02/2019 has been filed before filing of the return?
  • 5 If yes, provide the date of filing Form-2
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Audit Information

  • a1. Whether liable to maintain accounts as per section 44AA?
  • a2. Whether assessee is declaring income only under section 44AE/ 44B/ 44BB/ 44BBA/ 44BBB?
  • (a2i) If No, Whether during the year total sales/turnover/gross receipts of business exceeds 1 Crore Rupees but does not exceed 5 Crore Rupees?
  • (a2ii) If (a2i) is Yes, whether the aggregate of all amounts received, including the amount received for sales, turnover or gross receipts or on capital account such as capital contribution, loans etc. during the previous year, in cash, does not exceed five per cent of the said amount?
  • (a2iii) If (a2i) is Yes, whether the aggregate of all payments made including amount incurred for expenditure or on capital account such as asset acquisition, repayment of loan etc., in cash, during the previous year does not exceed five per cent of the said payment
  • b. Whether liable for audit under section 44AB?
  • c. If (b) is Yes, whether the accounts have been audited by an accountant?
  • d (i). Are you liable for Audit u/s 92E?
  • d (ii). If liable to furnish another audit report under the Income-tax Act, mention the date of furnishing the audit report? (DD/MM/YY) (Please see Instruction 5(ii))
  • e. Mention the Act, section and date of furnishing the audit report under any Act other than the Income-tax Act

Holding Status

  • Nature of company (select 1 if the holding company, select 2 if a subsidiary company, select 3 if both, select 4 if any other)
  • If a subsidiary company, mention the details of the Holding Company
  • If a holding company, mention the details of the subsidiary companies

Business Organisation

  • In the case of amalgamating company, mention the details of the amalgamated company
  • In the case of an amalgamated company, mention the details of amalgamating company
  • And, In the case of demerged company, mention the details of the resulting company
  • In the case of the resulting company, mention the details of the demerged company

Key Persons: Particulars of Managing Director, Directors, Secretary and Principal officer(s) who have held the office during the previous year.

  • S.No.
  • Name
  • Designation
  • Residential Address
  • PAN
  • Director Identification Number (DIN) issued by MCA, in case of Director

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.

  • S.No.
  • Name and Address
  • Percentage of shares held
  • PAN (if allotted)

Ownership Information

  • In the case of an unlisted company, particulars of natural persons who were the ultimate beneficial owners, directly or indirectly, of shares holding not less than 10% of the voting power at any time of the previous year
    • S.No.
    • Name Address
    • Percentage of shares held
    • PAN (if allotted)
  • In the case of a foreign company, please furnish the details of the ultimate parent company
    • S.No
    • Name
    • Address
    • Country of residence
    • PAN (if allotted)
    • Taxpayer’s registration number or any unique identification number allotted in the country of residence
  • In the case of a Foreign company, please furnish the details of the immediate parent company.
    • S.No
    • Name
    • Address
    • Country of residence
    • PAN (if allotted)
    • Taxpayer’s registration number or any unique identification number allotted in the country of residence

Nature of Company and Its Business

  • Whether a public sector company as defined in section 2(36A) of the Income-tax Act
  • Whether a company owned by the Reserve Bank of India
  • And, Whether a company in which not less than forty per cent 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
  • Whether a banking company as defined in clause (c) of section 5 of the Banking Regulation Act,1949
  • Whether a scheduled Bank is a bank included in the Second Schedule to the Reserve Bank of India Act
  • And, Whether a company registered with the Insurance Regulatory and Development Authority (established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999)
  • Whether a company is a non-banking Financial Institution
  • Whether the company unlisted? If yes, please ensure to fill up the Schedule SH-1 and Schedule AL-1
  • Nature of business or profession, if more than one business or profession indicates the three main activities/ products (Other than those declaring Income under section 44AE)

 

Part A- BS

I Equity and Liabilities:

  • 1. Shareholder’s fund:
    • A Share capital
      1. Issued, Subscribed and fully Paid-up
      2. Subscribed but not fully paid
      3. Total (Aii + Aiii)
    • B Reserves and Surplus
    • C Money received against share warrant
    • D Total Shareholder’s fund (Aiv + Bix + 1C)
  • 2. Share application money pending allotment
  • 3. Non-current liabilities
  • 4. Current liabilities
  • II Assets
    • Non-current Assets
    • Current Assets

Part A BS- Ind AS

  • I Equity and Liabilities
    • Equity
    • Liabilities
    • Total Equity (Aiv + Biii)
  • II Assets
    • Non-current assets
    • Current assets

 

Part A Manufacturing Account

  • Debits to Manufacturing account
  • Closing Stock
  • Cost of Goods Produced – transferred to Trading Account (1F – 2)

 

Part A-Trading Account

  • Revenue from operations
  • Closing Stock of Finished Stocks
  • Total of credits to Trading Account (4D + 5iv )
  • Opening Stock of Finished Goods
  • Purchases (net of refunds and duty or tax, if any)
  • Direct Expenses (9i + 9ii + 9iii)
  • Duties and taxes, paid or payable, in respect of goods and services purchased
  • Cost of goods produced – Transferred from Manufacturing Account
  • Gross Profit from Business/Profession – transferred to Profit and Loss account (6-7-8-9-10xii11)
  • Turnover from Intraday Trading
  • Income from Intraday Trading

Part A-P&L

  • Gross profit transferred from Trading Account
  • Other income
  • Total of credits to profit and loss account (13+14xii)
  • Freight outward
  • Consumption of stores and spare parts
  • Power and fuel
  • Rents
  • Repairs to building
  • Repairs to machinery
  • Compensation to employees
  • Insurance
  • Workmen and staff welfare expenses
  • Entertainment
  • Hospitality
  • Conference
  • Sales promotion including publicity (other than an advertisement)
  • Advertisement
  • Commission
  • Royalty
  • Professional / Consultancy fees / Fee for technical services
  • Hotel, boarding and Lodging
  • Travelling expenses other than foreign travelling
  • Foreign travelling expenses
  • Conveyance expenses
  • Telephone expenses
  • Guest House expenses
  • Club expenses
  • Festival celebration expenses
  • Scholarship
  • Gift
  • Donation
  • Rates and taxes, paid or payable to the Government or any local body (excluding taxes on income)
  • Audit fee
  • Other expenses (specify nature and amount)
  • Bad debts (specify PAN of the person, if available, for whom Bad Debt for the amount of Rs. 1 lakh or more is claimed and amount)
  • Provision for bad and doubtful debts
  • Other provisions
  • Profit before interest, depreciation and taxes [15 – (16 to 21 + 22xi + 23v + 24 to 29 + 30iii + 31iii + 32iii + 33 to 43 + 44x + 45 + 46iii + 47vii + 48 + 49)]
  • Interest
  • Depreciation and amortisation
  • Net profit before taxes (50 – 51iii – 52)
  • Provision for the current tax
  • Provision for Deferred Tax and deferred liability
  • Profit after tax (53 – 54 – 55)
  • Balance brought forward from the previous year
  • The amount available for appropriation (56 + 57)
  • Appropriations
  • Balance carried to balance sheet (58 – 59vi)
  • COMPUTATION OF PRESUMPTIVE INCOME FROM GOODS CARRIAGES UNDER SECTION 44AE
  • In the case of a Foreign Company whose total income comprises solely of profits and gains from a business referred to in sections 44B, 44BB, 44BBA or 44BBB, furnish the following information

Part A- Manufacturing Account Ind-AS

  • Debits to Manufacturing account
  • Closing Stock
  • Cost of Goods Produced – transferred to Trading Account (1F – 2)

Part A-Trading Account Ind AS

  • Revenue from operations
  • Closing Stock of Finished Stocks
  • Total of credits to Trading Account (4D + 5iv )
  • Opening Stock of Finished Goods
  • Purchases (net of refunds and duty or tax, if any)
  • Direct Expenses (9i + 9ii + 9iii)
  • Duties and taxes, paid or payable, in respect of goods and services purchased
  • Cost of goods produced – Transferred from Manufacturing Account
  • Gross Profit from Business/Profession – transferred to Profit and Loss account (6-7-8-9-10xii11)
  • Turnover from Intraday Trading
  • Income from Intraday Trading

Part A-P&L Ind-AS

  • Gross profit transferred from Trading Account
  • Other income
  • Total of credits to profit and loss account (13+14xii)
  • Freight outward
  • Consumption of stores and spare parts
  • Power and fuel
  • Rents
  • Repairs to building
  • Repairs to machinery
  • Compensation to employees
  • Insurance
  • Workmen and staff welfare expenses
  • Entertainment
  • Hospitality
  • Conference
  • Sales promotion including publicity (other than an advertisement)
  • Advertisement
  • Commission
  • Royalty
  • Professional / Consultancy fees / Fee for technical services
  • Hotel, boarding and Lodging
  • Travelling expenses other than foreign travelling
  • Foreign travelling expenses
  • Conveyance expenses
  • Telephone expenses
  • Guest House expenses
  • Club expenses
  • Festival celebration expenses
  • Scholarship
  • Gift
  • Donation
  • Rates and taxes, paid or payable to the Government or any local body (excluding taxes on income)
  • Audit fee
  • Other expenses (specify nature and amount)
  • Bad debts (specify PAN of the person, if available, for whom Bad Debt for the amount of Rs. 1 lakh or more is claimed and amount)
  • Provision for bad and doubtful debts
  • Other provisions
  • Profit before interest, depreciation and taxes [15 – (16 to 21 + 22xi + 23v + 24 to 29 + 30iii + 31iii + 32iii + 33 to 43 + 44x + 45 + 46iii + 47vii + 48 + 49)]
  • Interest
  • Depreciation and amortisation
  • Net profit before taxes (50 – 51iii – 52)
  • Provision for the current tax
  • Provision for Deferred Tax and deferred liability
  • Profit after tax (53 – 54 – 55)
  • Balance brought forward from the previous year
  • The amount available for appropriation (56 + 57)
  • Appropriations
  • Balance carried to balance sheet (58 – 59vi)
  • Items that will not be reclassified to P&L
  • B Items that will be reclassified to P&L
  • Total Comprehensive Income (56 + 61A + 61B)

Part A-OI

  • Method of accounting employed in the previous year
  • Is there any change in the method of accounting
  • Increase in the profit or decrease in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column 11a(iii) of Schedule ICDS]
  • Decrease in the profit or increase in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column 11b(iii) of Schedule ICDS]
  • Method of valuation of closing stock employed in the previous year
  • Amounts not credited to the profit and loss account, being
  • Amounts debited to the profit and loss account, to the extent disallowable under section 36 due to nonfulfilment of the condition specified in relevant clauses
  • Amounts debited to the profit and loss account, to the extent disallowable under section 37
  • Amounts debited to the profit and loss account, to the extent dis-allowable under section 40
  • Any amount disallowed under section 40 in any preceding previous year but allowable during the previous year
  • Amounts debited to the profit and loss account, to the extent disallowable under section 40A
  • Any amount disallowed under section 43B in any preceding previous year but allowable during the previous year
  • Any amount debited to the profit and loss account of the previous year but disallowable under section 43B
  • Amount of credit outstanding in the accounts in respect of
  • Amounts deemed to be profits and gains under section 33AB or 33ABA or 33AC
  • Any amount of profit chargeable to tax under section 41
  • Amount of income or expenditure of prior period credited or debited to the profit and loss account (net)
  • Amount of expenditure disallowed u/s 14A
  • Whether the assessee is exercising the option under subsection 2A of section 92CE (Tick) Yes or No

Part A-QD

  • In the case of a trading concern
  • In the case of a manufacturing concern

Part A- OL

  • Opening balance
  • Receipts
  • Total of opening balance and receipts 3
  • Payments
  • Closing balance
  • Total of closing balance and payments (4vi + 5iii)

Schedule HP

  • Address of property 1
  • Address of property 2
  • Pass-through income if any
  • Income under the head “Income from house property” (1k + 2k + 3) (if negative take the figure to 2i of schedule CYLA)

Schedule BP

  • From business or profession other than speculative business and specified business
  • Computation of income from speculative business
  • Computation of income from specified business under section 35AD
  • Income chargeable under the head ‘Profits and gains from business or profession'(A38+B44+C50)
  • Computation of Income from life insurance business referred to in section 115B
  • Intra head setoff of the business loss of the current year

Schedule DPM

  • Block of assets Plant and machinery
  • Rate (%) 15, 30, 40, 45
  • Written down value on the first day of the previous year
  • Additions for a period of 180 days or more in the previous year
  • Consideration or other realization during the previous year out of 3 or 4
  • Amount on which depreciation at full rate to be allowed (3 + 4 -5) (enter 0, if the result is negative)
  • Additions for a period of fewer than 180 days in the previous year
  • Consideration or other realizations during the year out of 7
  • Amount on which depreciation at a half rate to be allowed (7 – 8) (enter 0, if the result is negative)
  • Depreciation on 6 at full rate
  • Depreciation on 9 at half rate
  • Additional depreciation, if any, on 4
  • Additional depreciation, if any, on 7
  • Additional depreciation relating to immediately preceding year on asset put to use for less than 180 days
  • Total depreciation (10+11+12+13+14)
  • Depreciation is disallowed under section 38(2) of the I.T. Act (out of column 15)
  • Net aggregate depreciation (15-16)
  • Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger etc. (out of column 17)
  • Expenditure incurred in connection with the transfer of assets/ assets
  • Capital gains/ loss under section 50 (5 + 8 -3 – 4 -7 -19) (enter negative only, if block ceases to exist)
  • Written down value on the last day of the previous year* (6+ 9 -15) (enter 0, if the result is negative)

Schedule DOA

  • Block of assets Land Building (not including land), Furniture and fittings, Intangible assets Ships
  • Rate (%) Nil 5,10,40,10,25,20
  • Written down value on the first day of the previous year
  • Additions for a period of 180 days or more in the previous year
  • Consideration or other realization during the previous year out of 3 or 4
  • Amount on which depreciation at full rate to be allowed (3 + 4 -5) (enter 0, if the result is negative)
  • Additions for a period of fewer than 180 days in the previous year
  • Consideration or other realizations during the year out of 7
  • Amount on which depreciation at a half rate to be allowed (7-8) (enter 0, if the result is negative)
  • Depreciation on 6 at full rate
  • Depreciation on 9 at half rate
  • Total depreciation (10+11)
  • Depreciation is disallowed under section 38(2) of the I.T. Act (out of column 12)
  • Net aggregate depreciation (12-13)
  • Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger etc. (out of column 14)
  • Expenditure incurred in connection with the transfer of assets
  • Capital gains/ loss under section 50* (5 + 8 -3-4 -7 -16) (enter negative only if block ceases to exist)
  • Written down value on the last day of the previous year* (6+ 9 -12) (enter 0 if the result is negative

Schedule DEP

  • Plant and machinery
  • Building (not including land)
  • Furniture and fittings(Schedule DOA- 14v or 15v as applicable)
  • Intangible assets (Schedule DOA- 14vi or 15vi as applicable)
  • Ships (Schedule DOA- 14vii or 15vii as applicable)
  • Total depreciation ( 1d+2d+3+4+5)
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Schedule DCG

  • Plant and machinery
  • Building (not including land)
  • Furniture and fittings ( Schedule DOA- 17v)
  • Intangible assets (Schedule DOA- 17vi)
  • Ships (Schedule DOA- 17vii)
  • Total depreciation ( 1e+2d+3+4+5)

Schedule ESR

  • Sl No
  • Expenditure of the nature referred to in section
  • Amount, if any, debited to profit and loss account
  • Amount of deduction allowable
  • Amount of deduction in excess of the amount debited to profit and loss account (4) = (3) – (2)

Schedule CG

  • Short-term Capital Gains (STCG) (Sub-items 4 & 5 are not applicable for residents)
  • Long-term capital gain (LTCG) (Sub-items 5, 6, 7, 8 & 9 are not applicable for residents)
  • Income chargeable under the head “CAPITAL GAINS” (A10 + B13) (take B10 as nil, if loss)
  • Information about deduction claimed against Capital Gains
  • Set-off of current year capital losses with current year capital gains (excluding amounts included in A7 & B9 which are chargeable under DTAA)
  • Information about accrual/receipt of capital gain

Schedule 112A

  • S.No
  • ISI N Code
  • Name of the Share/ Unit
  • Name of the Share/ Unit
  • Sales Price Per Share/ Unit
  • Full Value Consideration (Total Sale Value )(4*5)
  • Cost of acquisition without indexation (higher of 8 or 9)
  • Cost of acquisition
  • If the long term capital asset was acquired before 01.02.2018, -Lower of 11 & 6
  • Fair Market Value per share/unit as of 31st January 2018
  • Total Fair Market Value of the capital asset as per section 55(2)(ac)-(4*10)
  • Expenditure wholly and exclusively in connection with the transfer
  • Total deductions (7++12)
  • Balance (6-13) Item 5 of LTCG Schedule of ITR6

Schedule 115AD (1)(b)(iii)-Proviso

  • S.No
  • ISI N Code
  • Name of the Share/ Unit
  • Name of the Share/ Unit
  • Sales Price Per Share/ Unit
  • Full Value Consideration (Total Sale Value )(4*5)
  • Cost of acquisition without indexation (higher of 8 or 9)
  • Cost of acquisition
  • If the long term capital asset was acquired before 01.02.2018, -Lower of 11 & 6
  • Fair Market Value per share/unit as of 31st January 2018
  • Total Fair Market Value of the capital asset as per section 55(2)(ac)-(4*10)
  • Expenditure wholly and exclusively in connection with the transfer
  • Total deductions (7++12)
  • Balance (6-13) Item 5 of LTCG Schedule of ITR6

 

Schedule OS

  • Gross income chargeable to tax at normal applicable rates (1a+ 1b+ 1c+ 1d + 1e)
  • Income chargeable at special rates (2a+ 2b+ 2c+ 2d + 2e)
  • Deductions under section 57 (other than those relating to income chargeable at special rates under 2a, 2b & 2d )
  • Amounts not deductible u/s 58
  • Profits chargeable to tax u/s 59
  • Net Income from other sources chargeable at normal applicable rates (1 – 3 + 4 + 5) (If negative take the figure to 4i of schedule CYLA)
  • Income from other sources (other than from owning and maintaining race horses) (2 +6 )) (enter 6 as nil, if negative)
  • Income from the activity of owning racehorses
  • Income under the head “Income from other sources” (7 + 8e) (take 8e e as nil if negative)
  • Information about accrual/receipt of income from Other Sources

 

Schedule CYLA

  • Sl.No
  • Head/ Source of Income
  • Income of current year (Fill this column only if income is zero or positive)
  • House property loss of the current year set off
  • Business Loss (other than speculation or specified business loss) of the current year set off
  • Other sources of loss (other than the loss from race horses and amount chargeable to the special rate of tax) of the current year set off
  • Current year’s Income remaining after setting off

Schedule BFLA

  • Sl.No
  • Head/ Source of Income
  • Income after set off, if any, of current year’s losses as per 5 of Schedule CYLA)
  • Brought forward loss set off
  • Brought forward depreciation set off
  • Brought forward allowance under section 35(4) set off
  • Current year’s income remaining after setoff

 

Schedule CFL

  • Sl.No
  • Assessment Year
  • Date of Filing (DD/MM/YYYY)
  • House property loss
  • Loss from business other than the loss from speculative business and specified business
  • Loss from speculative business
  • Loss from specified business
  • Short-term capital loss
  • Long-term Capital loss
  • Loss from owning and maintaining racehorses

 

Schedule UD

  • Sl No
  • Assessment Year
  • Amount of brought forward unabsorbed depreciation
  • Amount of depreciation setoff against the current year income
  • Balance carried forward to the next year
  • Allowance under section 35(4)
  • Amount of brought forward unabsorbed allowance
  • Amount of allowance setoff against the current year’s income
  • Balance Carried forward to the next year

 

Schedule ICDS

  • Accounting Policies
  • Valuation of Inventories (other than the effect of change in method of valuation u/s 145A, if the same is separately reported at col. 4d or 4e of Part A-OI)
  • Construction Contracts
  • Revenue Recognition
  • Tangible Fixed Assets
  • Changes in Foreign Exchange Rates
  • Government Grants
  • Securities (other than the effect of change in method of valuation u/s 145A, if the same is separately reported at col. 4d or 4e of Part A-OI)
  • Borrowing Costs
  • Provisions, Contingent Liabilities and Contingent Assets
  • The total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X) (if positive)
  • The total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X) (if negative)

 

Schedule 10AA

  • Sl
  • Undertaking
  • Assessment year in which unit begins to manufacture/produce/provide services
  • Sl
  • Amount of deduction

 

Schedule 80G

  • Donations entitled to 100% deduction without qualifying limit
  • Donations entitled to 50% deduction without qualifying limit
  • Also, Donations entitled to 100% deduction subject to qualifying limit
  • Donations entitled to 50% deduction subject to qualifying limit
  • Total donations (Aiv + Biv + Civ + Div)

 

Schedule 80GGA

  • S.No.
  • The relevant clause under which deduction is claimed (drop down to be provided)
  • Name and address of the donee
  • PAN of Donee
  • Amount of donation
  • Eligible Amount of donation

 

Schedule RA

  • Name and address of the donee
  • PAN of Donee
  • Amount of donation
  • Eligible Amount of donation

Schedule 80-IA

  • Deduction in respect of profits of an enterprise referred to in section 80-IA(4)(i) [Infrastructure facility]
  • Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(ii) [Telecommunication services]
  • And, Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(iii) [Industrial park and SEZs]
  • Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(iv) [Power]
  • Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(v) [Revival of power generating plant] and deduction in respect of profits of an undertaking referred to in section 80-IA(4)(vi) [Crosscountry natural gas distribution network]
  • Total deductions under section 80-IA (a1 + a2 + b1 + b2 + c1 + c2+ d1 + d2+ e1 + e2)

Schedule 80-IB

  • Deduction in respect of industrial undertaking located in Jammu & Kashmir [Section 80-IB(4)]
  • Deduction in respect of industrial undertaking located in industrially backward states specified in Eighth Schedule [Section 80-IB(4)]
  • And, Deduction in respect of industrial undertakings located in industrially backward districts [Section 80-IB(5)]
  • Deduction in the case of multiplex theatre [Section 80-IB(7A)]
  • Deduction in the case of convention centre [Section 80-IB(7B)]
  • And, Deduction in the case of a company carrying on scientific research [Section 80-IB(8A)]
  • Deduction in the case of an undertaking which begins commercial production or refining of mineral oil [Section 80-IB(9)]
  • Deduction in the case of an undertaking developing and building housing projects [Section 80-IB(10)]
  • And, Deduction in the case of an undertaking operating a cold chain facility [Section 80-IB(11)]
  • Deduction in the case of an undertaking engaged in processing, preservation and packaging of fruits, vegetables, meat, meat products, poultry, marine or dairy products [Section 80-IB(11A)]
  • Deduction in the case of an undertaking engaged in the integrated business of handling, storage and transportation of food grains [Section 80-IB(11A)]
  • And, Deduction in the case of an undertaking engaged in operating and maintaining a rural hospital [Section 80-IB(11B)]
  • Deduction in the case of an undertaking engaged in operating and maintaining a hospital in any area, other than excluded area [Section 80-IB(11C)
  • Total deduction under section 80-IB (Total of a1 to m2)

 

Schedule 80-IC or 80-IE

  • Deduction in respect of undertaking located in Sikkim
  • Deduction in respect of undertaking located in Himachal Pradesh
  • Deduction in respect of undertaking located in Uttaranchal
  • Deduction in respect of undertaking located in North-East
  • Total deduction under section 80-IC or 80-IE (a + d + c + dh)

Schedule VI-A 

  • Part B- Deduction in respect of certain payments
  • Part C- Deduction in respect of certain incomes
  • Total deductions under Chapter VI-A (1 + 2)

 

Schedule SI

  • 111A or section 115AD(1)(b)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid)
  • 115AD (STCG for FIIs on securities where STT is not paid)
  • 112 proviso (LTCG on listed securities/ units without indexation)
  • 112(1)(c)(iii) (LTCG for non-resident on unlisted securities)
  • 115AB (LTCG for non-residents on units referred to in section115AB)
  • 115AC (LTCG for non-resident on bonds/GDR)
  • 115AD (LTCG for FII on securities)
  • 112 (LTCG on others)
  • 112A (LTCG on sale of shares or units on which STT is paid)
  • STCG is chargeable at special rates in India as per DTAA
  • LTCG Chargeable at special rates in India as per DTAA
  • 115B (Profits and gains of life insurance business)
  • 115AC (Income of a non-resident from bonds or GDR purchased in foreign currency)
  • 115BB (Winnings from lotteries, puzzles, races, games etc.)
  • 115BBD (Dividend received from the specified foreign company)
  • 115BBE (Income under section 68, 69, 69A, 69B, 69C or 69D)
  • 115A(1)(b) (Income of a foreign company from Royalty)
  • 115BBF (Tax on income from the patent)
  • 115BBG (Tax on income from transfer of carbon credits)
  • Income from other sources is chargeable at special rates in India as per DTAA
  • Pass-Through Income in the nature of Short Term Capital Gain chargeable @ 15%
  • Pass-Through Income in the nature of Short Term Capital Gain chargeable @ 30%
  • And, Pass-Through Income in the nature of Long Term Capital Gain chargeable @ 10% u/s 112A
  • Pass-Through Income in the nature of Long Term Capital Gain chargeable @ 20%
  • Pass-Through Income in the nature of Long Term Capital Gain chargeable @ 10% other than section 112A
  • And, Pass-through income in the nature of income from another source is chargeable at special rates (Drop down to be provided in e-filing utility
  • Income received in respect of units purchased in foreign currency by an off-shore fund-115AB(1)
  • Income from royalty where agreement entered between 31.3.1961 to 31.3.1976 and income from fees for technical services where agreement

Schedule EI

  • Interest income
  • Dividend income
  • 3
    • I Gross Agricultural receipts (other than income to be excluded under rules 7A, 7B or 8 of I.T. Rules)
    • ii Expenditure incurred on agriculture
    • iii Unabsorbed agricultural loss of previous eight assessment years
    • iv Agricultural income portion relating to Rule 7, 7A, 7B(1), 7B(1A) and 8 (from Sl. No. 40 of Sch. BP) iv
    • v Net Agricultural income for the year (i – ii – iii + iv) (enter nil if loss)
    • vi In case the net agricultural income for the year exceeds Rs.5 lakh, please furnish the following details (Fill up details separately for each agricultural land)
  • Other exempt income including exempt income of minor child (please specify)
  • Income not chargeable to tax as per DTAA
  • Pass-through income not chargeable to tax (Schedule PTI)
  • Total (1+2+3+4+5+6)

 

Schedule PTI

  • Sl.
  • Name of business trust/investment fund
  • PAN of the business trust/ investment fund
  • Sl.
  • Head of income
  • Amount of income
  • TDS on such amount, if any

Schedule MAT

  • Whether the Profit and Loss Account is prepared in accordance with the provisions of Parts II of Schedule III to the Companies Act, 2013 (If yes, write ‘Y’, if no write ‘N’)
  • If 1 is no, whether the profit and loss account is prepared in accordance with the provisions of the Act governing such company (If yes, write ‘Y’, if no write ‘N’)
  • Whether for the Profit and Loss Account referred to in item 1 above, the same accounting policies, accounting standards and same method and rates for calculating depreciation have been followed as have been adopted for preparing accounts laid before the company at its annual general body meeting? (If yes, write ‘Y’, if no write ‘N’)
  • Profit after tax as shown in the Profit and Loss Account (enter item 56 of Part A-P&L) )/ (enter item 56 of Part A- P&L Ind AS) (as applicable)
  • Additions (if debited in profit and loss account)
  • Deductions
  • Book profit under section 115JB (4+ 5n – 6l)
  • Whether the financial statements of the company are drawn up in compliance with the Indian Accounting Standards (Ind-AS) specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015. If yes, furnish the details below:-
  • A. Additions to book profit under sub-sections (2A) to (2C) of section 115JB
  • B. Deductions from book profit under sub-sections (2A) to (2C) of section 115JB
  • Deemed total income under section 115JB (7 + 8e – 8j)
  • Tax payable under section 115JB

Schedule MATC

  • Tax under section 115JB in the assessment year 2020-21 (1d of Part-B-TTI)
  • Tax under other provisions of the Act in the assessment year 2020-21 (2f of Part-B-TTI)
  • Amount of tax against which credit is available [enter (2 – 1) if 2 is greater than 1, otherwise enter 0]
  • The utilisation of MAT credit Available [Sum of MAT credit utilised during the current year is subject to a maximum of the amount mentioned in 3 above and cannot exceed the sum of MAT Credit Brought Forward ]
  • Amount of tax credit under section 115JAA utilised during the year [enter 4(C)xiii]
  • Amount of MAT liability available for credit in subsequent assessment years [enter 4(D)xiii]

Schedule- BBS

  • Date of payments of any consideration to the shareholder on buyback of share
  • Amount of consideration paid by the company on buy-back of shares
  • The amount received by the company for the issue of such shares
  • Distributed Income of the company (2 – 3)
  • Tax payable on distributed income
  • Interest payable under section 115QB
  • Additional income-tax and interest payable (5d + 6)
  • Tax and interest paid
  • Net payable/refundable (7-8)
  • Date(s) of deposit of tax on distribution income
  • Name of Bank and Branch
  • BSR Code
  • Serial number of challan
  • Amount deposited

 

Schedule TPSA

  • 1. Amount of primary adjustment on which option u/s 92CE(2A) is exercised & such excess money has not been repatriated within the prescribed time
  • 2.
    • a Additional Income tax payable @ 18% on above
    • b Surcharge @ 12% on “a”
    • c Health & Education cess on (a+b)
    • d Total Additional tax payable (a+b+c)
  • 3. Taxes paid
  • 4. Net tax payable (2d-3)
  • 5. Date(s) of deposit of tax on secondary adjustments as per section 92CE(2A)
  • 6. Name of Bank and Branch
  • 7. BSR Code
  • 8. Serial number of challan
  • 9. Amount deposited

Schedule FSI

  • Sl.
  • Country Code
  • Taxpayer Identification Number
  • Sl.
  • Head of income
  • Income from outside India (included in PART BTI)
  • Tax paid outside India
  • Tax payable on such income under normal provisions in India
  • Tax relief available in India (e)= (c) or (d) whichever is lower
  • The relevant article of DTAA if relief claimed u/s 90 or 90A

Schedule TR

  • Details of Tax relief claimed
  • Total Tax relief available in respect of country where DTAA is applicable (section 90/90A) (Part of a total of 1(d))
  • Total Tax relief available in respect of country where DTAA is not applicable (section 91) (Part of a total of 1(d))
  • Whether any tax paid outside India, on which tax relief was allowed in India, has been refunded/credited by the foreign tax authority during the year? If yes, provide the details below
  • a. Amount of tax refunded
  • b. Assessment year in which tax relief allowed in India

 

Schedule FA

  • Details of Foreign Depository Accounts held (including any beneficial interest) at any time during the relevant accounting period)
  • Details of Foreign Custodial Accounts held (including any beneficial interest) at any time during the relevant accounting period
  • And, Details of Foreign Equity and Debt Interest held (including any beneficial interest) in any entity at any time during the relevant accounting period
  • Details of Foreign Cash Value Insurance Contract or Annuity Contract held (including any beneficial interest) at any time during the relevant accounting period
  • Details of Financial Interest in any Entity held (including any beneficial interest) at any time during the relevant accounting period
  • And, Details of Immovable Property held (including any beneficial interest) at any time during the relevant accounting period
  • Details of any other Capital Asset held (including any beneficial interest) at any time during the relevant accounting period
  • Details of account(s) in which you have signing authority held (including any beneficial interest) at any time during the relevant accounting period and which have not been included in A to D above.
  • And, Details of trusts, created under the laws of a country outside India, in which you are a trustee, beneficiary or settlor
  • Details of any other income derived from any source outside India which is not included in,- (i) items A to F above and, (ii) income under the head business or profession

 

Schedule Sh-1

  • If you are an unlisted company, please furnish the following details;-
  • Details of shareholding at the end of the previous year
  • Details of equity share application money pending allotment at the end of the previous year
  • Details of shareholders who is not a shareholder at the end of the previous year but was a shareholder at any time during the previous year

 

Schedule Sh-2

  • If you are a start-up which has filed a declaration in Form-2 under para 5 of DPIIT notification dated 19.02.2020, please furnish the following details of shareholding;-
  • Details of shareholding as at the end of the previous year
  • Details of share application money pending allotment as at the end of the previous year
  • Details of a shareholder who is not a shareholder at the end of the previous year but was a shareholder at any time during the previous year

 

Schedule AL-1

Schedule AL-2

  • Details of building or land appurtenant thereto, or both, being a residential house
  • Details of land or building or both not being in the nature of the residential house
  • And, Details of listed equity shares
  • Details of unlisted equity shares
  • Details of other securities
  • And, Details of capital contribution to other entity
  • Details of Loans & Advances to any other concern (If money lending is not assessee’s substantial business)
  • Details of motor vehicle, aircraft, yacht or another mode of transport
  • And, Details of Jewellery, archaeological collections, drawings, paintings, sculptures, any work of art or bullion
  • Details of liabilities

 

Schedule GST

  • Sl. No.
  • GSTIN No(s).
  • The annual value of outward supplies as per the GST return(s) filed

 

Schedule FD

  • Payments made during the year on the capital account
  • Payments made during the year on the revenue account
  • Receipts during the year on capital account
  • Receipts during the year on revenue account

Part B – TI Computation of total income

  • Income from house property ( 4 of Schedule-HP) (enter nil if loss)
  • Profits and gains from business or profession
  • Capital gains
  • Income from other sources
  • Total of head wise income (1 + 2v + 3c + 4d)
  • Losses of the current year to be set off against 5 (total of 2xvii, 3xvii and 4xvii of Schedule CYLA)
  • Balance after set off current year losses (5 – 6) (total of column 5 of schedule CYLA + 4b + 2iv)
  • Brought forward losses to be set off against 7 (total of 2xvi, 3xvi and 4xvi of Schedule BFLA)
  • Gross Total income (7 – 8) ( 5xvii of Schedule BFLA + 4b + 2iv)
  • Income chargeable to tax at special rate under section 111A, 112, 112A etc. included in 9
  • Deductions under Chapter VI-A
  • Deduction u/s 10AA (c of Sch. 10AA)
  • Total income (9 – 11c – 12)
  • Income chargeable to tax at special rates (total of (i) of schedule SI)
  • Income chargeable to tax at normal rates (13 – 14)
  • Net agricultural income( 3 of Schedule EI)
  • Losses of the current year to be carried forward (total of xi of Schedule CFL)
  • Deemed total income under section 115JB (9 of Schedule MAT)

 

Part B – TTI Computation of tax liability on total income

Tax Payments

  • 1
    • a Tax Payable on deemed total Income under section 115JB (10 of Schedule MAT)
    • b Surcharge on (a) above (if applicable)
    • c Health and Education Cess @ 4%on (1a+1b)
    • d Total Tax Payable u/s 115JB (1a+1b+1c)
  • Tax payable on total income
  • Gross tax payable (higher of 1d and 2f)
  • Credit under section 115JAA of tax paid in earlier years (if 2f is more than 1d)( 5 of Schedule MATC)
  • Tax payable after credit under section 115JAA [ (3 – 4)]
  • Tax relief
  • Net tax liability (5 – 6c) (enter zero if negative)
  • Interest and fees payable
  • Aggregate liability (7 + 8e)
  • Taxes Paid
  • Amount payable (9 – 10e) (Enter if 9 is greater than 10e, else enter 0)
  • Refund (If 10e is greater than 9) (Refund, if any, will be directly credited into the bank account)
  • Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) (In case of non-residents, details of any one foreign Bank Account may be furnished for the purpose of credit or refund)
  • Do you at any time during the previous year

 

15 Tax Payments

  • Details of payments of Advance Tax and Self-Assessment Tax
  • Details of Tax Deducted at Source (TDS) on Income [As per Form 16 A issued or Form 16B/16C furnished by Deductor(s)]
  • Details of Tax Collected at Source (TCS) [As per Form 27D issued by the Collector(s)]

 

The form also comprises of verification section, which is at the last. The standard format of the verification ITR form is-

 

I,__________________ son/ daughter of _____________, 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 is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making this return in my capacity as ________________ (drop down to be provided and I am also competent to make this return and verify it. I am holding a permanent account number (if allotted) (Please see instruction). 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 the return is furnished under section 92CD).
Date: __________ Sign here: ________

 

Any deviation from the standard format is not accepted.

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