Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-29042025-262765
EXTRAORDINARY
PART II-Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 232]
NEW DELHI, TUESDAY, APRIL 29, 2025/VAISAKНА 9, 1947
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 29th April, 2025
No. 40/2025
G.S.R. 271(E).— In exercise of the powers conferred by section 139 read with section 295 of
the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following
rules further to amend the Income-tax Rules, 1962, namely:-
1. Short title and commencement. — (1) These rules may be called the Income-tax (twelfth
Amendment) Rules, 2025.
(2) They shall come into force with effect from the 1st day of April, 2025.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12,—
(a) in sub-rule (1),—
(i) for the figures “2024”, the figures “2025” shall be substituted;
(ii) in clause (a), in sub-clause (iii), for the words “does not have any loss under the head, “the words
"does not have any loss under the head; or” shall be substituted.
(iii) in clause (a), after sub-clause (iii), the following sub-clause shall be inserted, namely,
“(iv) “Capital gains”, where assessee has only long-term capital gains under section 112A not
exceeding one lakh twenty-five thousand rupees and does not have any brought forward loss or
loss to be carried forward under the head,"
(iv) in clause (ca), for the words, figures and letters “in the case of a person being an individual or
a Hindu undivided family, who is a resident other than not ordinarily resident, or a firm, other
than limited liability partnership firm, which is a resident deriving income under the head
"Profits or gains of business or profession" and such income is computed in accordance with
special provisions referred to in section 44AD, section 44ADA and section 44AE of the Act for
computation of such income, be in Form SUGAM (ITR-4) and be verified in the manner
indicated therein:”, the words, figures and letters “in the case of a person being an individual or
a Hindu undivided family, who is a resident other than not ordinarily resident, or a firm, other
than limited liability partnership firm, which is a resident,—
(i) deriving income under the head "Profits or gains of business or profession" and such
income is computed in accordance with special provisions referred to in section 44AD,
section 44ADA and section 44AE of the Act for computation of such income; and;
(ii) has, “Capital gains”, if any, where assessee has only long-term capital gains under section
112A not exceeding one lakh twenty-five thousand rupees,
be in Form SUGAM (ITR-4) and be verified in the manner indicated therein” shall be
substituted;
(b) in sub-rule (5), for the figures “2023”, the figures “2024" shall be substituted.
3. In the principal rules, in rule 11B, after the words, figures and letters “Form No. 10BA”, the
words "and furnish the same along with the return of income” shall be inserted.
4. In the principal rules, in Appendix II,—
(a) for FORM ITR-1, the following FORM shall be substituted, namely:—
"FORM
ITR-1
SAHAJ
INDIAN INCOME TAX RETURN
[For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh and
having Income from Salaries, one house property, other sources (Interest etc.), long-term capital gains under
section 112A up to Rs. 1.25 lakh, and agricultural income up to Rs.5 thousand]
[Not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases
where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP or has assets (including financial
interest in any entity) located outside India]
(Refer instructions for eligibility)
Assessment Year
2025-26
PART A GENERAL INFORMATION
(A1
)
PA
N
(A2) First
Name
(A4) Date of
Birth
(A5) Aadhaar Number (12 digits)
Y
(A2a) Middle
Name
(A3) Last
name
(A7) Email Address
(A6) Mobile
No.
Address: (A8) Flat/Door/Block No. (A9)Name of Premises/Building/Village (A10)
Road/Street/Post Office Area/Locality (A11) Town/City/District (A12) State
(A14) PIN code
(A13) Country
(A17) Nature of employment-
(A15) Filed u/s (Tick)
[Please see instruction]
139(1)-On or before due date, 139(4)-Belated, 139(5)-
Revised, 119(2)(b)- After Condonation of delay
Central Govt. State Govt. ☐ Public
(A16) Or Filed in response to
notice u/s
139(9), 142(1), 148, 153C
Sector Undertaking Pensioners-CG
Pensioners-SG☐ Pensioners-PSU
Pensioners- Others Others Not
Applicable (e.g. Family Pension etc.)
(A18) If revised/defective, then enter Receipt No. and Date of filing original return
(DD/MM/YYYY)
(A19) If filed in response to notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b)- enter Unique
Number/Document Identification Number (DIN) & Date of such Notice or Order
//
//
(A20) Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”) Yes No
(A21) 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
[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)]
(i) 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)
Amount (Rs) (If Yes)
(ii) Have you incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on
consumption of electricity during the previous year? (Yes/No)
Amount (Rs) (If Yes)
(iii) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh
proviso to section 139(1) (If yes, please select the relevant condition from the drop-down menu)
(Tick) Yes No
PART B GROSS TOTAL INCOME
B1 i Gross Salary (ia + ib + ic+id+ie)
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
| | a Salary as per section 17(1) | ia | |
| | b Value of perquisites as per section 17(2) | ib | |
| | c Profit in lieu of salary as per section 17(3) | ic | |
| | Income from retirement benefit account maintained in a notified | id | |
| | d country u/s 89A (country drop down will be provided in e-filing | | |
| | utility) | | |
|S +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|A | Income from retirement benefit account maintained in a country | ie | |
|L | e other than notified country u/s 89A | | |
|A +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|R |Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) | ii | |
|Y |ii (Ensure that it is included in salary income u/s 17(1)/17(2)/17(3)) | | |
|/ +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|P |iia Less: Income claimed for relief from taxation u/s 89A | iia | |
|E +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|N |iii Net Salary (i – ii-iia) | iii | |
|S +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|I |iv Deductions u/s 16 (iva + ivb + ivc) | iv | |
|O +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|N | a Standard deduction u/s 16(ia) | iva | |
| | b Entertainment allowance u/s 16(ii) | ivb | |
| | c Professional tax u/s 16(iii) | ivc | |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
| |v Income chargeable under the head 'Salaries' (iii – iv) | | B1 |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|B2 |Tick applicable option Self-Occupied Let Out Deemed Let Out | | |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|H |i Gross rent received/ receivable/ lettable value during the year | i | |
|O +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|U |ii Tax paid to local authorities | ii | |
|S +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|E |iii Annual Value (i – ii) | iii | |
| +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|P |iv 30% of Annual Value | iv | |
|R +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|O |v Interest payable on borrowed capital (Details are to be filled in the drop down | V | |
|P | to be provided in e-filing utility) | | |
|E +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|R |vi Arrears/Unrealised rent received during the year less 30% | vi | |
|T +------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|Y |vii Income chargeable under the head 'House Property' (iii – iv – v) + vi (If loss, put the figure in | | B2 |
| | negative) | | |
| |Note: - Maximum loss from House Property that can be set-off is INR 2, 00,000. To avail the benefit of carry | | |
| |forward and set of loss, please use ITR -2 | | |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|B3 |Income from Other Sources (drop down like interest from saving account, deposit etc. to be provided in | | B3 |
| |e-filing utility specifying nature of income and in case of dividend income and Income from retirement | | |
| |benefit account maintained in a notified country u/s 89A, please mention quarterly breakup for allowing | | |
| |applicable relief from section 234C) | | |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
| |Less: Deduction u/s 57(iia) (in case of family pension only) | | |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
| |Less: Income claimed for relief from taxation u/s 89A | | |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
|B4 |Gross Total Income (B1+B2+B3) (If loss, put the figure in negative) | | B4 |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
| |Note: To avail the benefit of carry forward and set of loss, please use ITR -2 | | |
+---+------------------------------------------------------------------------------------------------------------------------------------+------+--------------------+
PART C – DEDUCTIONS AND TAXABLE TOTAL INCOME (Refer instructions for Deduction limit as per Income-tax Act)
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|80C |80CCC 80CCD(1) |C1 |Total deductions |
| |(Details are (Details are to be | |(Add items C1 to |
| |to be filled filled in the drop) | |C18b) |
| |in the drop down to be | | |
| |down to be provided in | | |
| |provided in e-filing utility) | | |
| |e-filing | | |
| |utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C4 |80CCD(1B) | |Total Income |
| |(Details are to | |(B4-C1) |
| |be filled in the | | |
| |drop down to | | |
| |be provided in | | |
| |e-filing utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C7 |80DD | | |
| |(Details are to | | |
| |be filled in the | | |
| |drop down to | | |
| |be provided in | | |
| |e-filing utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C10 |80EE | | |
| |(Details are to be | | |
| |filled in the drop | | |
| |down to | | |
| |be provided in e-filing | | |
| |utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C13 |80G | | |
| |(Details to be filled | | |
| |in drop down to be | | |
| |provided in e-filing | | |
| |utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C16 |80TTA | | |
| | | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C18a |80CCH | | |
| | | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
| |80CCD(2) | | |
| |(Details are to | | |
| |be filled in the | | |
| |drop down to | | |
| |be provided in | | |
| |e-filing utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
| |80D | | |
| |(Details are to | | |
| |be filled in the | | |
| |drop down to | | |
| |be provided in | | |
| |e-filing utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
| |80DDB | | |
| |(Details to be | | |
| |filled in drop | | |
| |down to | | |
| |provided in e- | | |
| |filing utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C11 |80EEA | | |
| |(Details are to be | | |
| |filled in the drop | | |
| |down to | | |
| |be provided in e-filing | | |
| |utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C14 |80GG | | |
| |(Details are to be | | |
| |filled in the drop | | |
| |down to | | |
| |be provided in e-filing | | |
| |utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C17 |80TTB | | |
| | | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C18b |Any | | |
| |Other (Details are to be | | |
| |deduction as filled in the drop | | |
| |per the e-filing down to | | |
| |utility | | |
| |provided in e-filing | | |
| |utility) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C19 |Total deductions (Add items C1 to C18b) | | C19 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|C20 |Taxable Total Income (B5 - C19) | | C20 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
PART D – TAX COMPUTATIONS AND TAX STATUS
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D1 |Tax payable on total income (C20) | | D1 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D2 |Rebate on 87A | | D2 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D3 |Tax payable after Rebate (D1-D2) | | D3 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D4 |Health and Education Cess @ 4% on (D3) | | D4 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D5 |Total Tax, and Cess (D3+D4) | | D5 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D6 |Relief u/s 89 (Please ensure to submit Form 10E to claim this relief) | | D6 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D7 |Balance Tax after Relief (D5-D6) | | D7 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D8 |Total Interest u/s 234A | | D8 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D9 |Total Interest u/s 234B | | D9 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D10 |Total Interest u/s 234C | | D10 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D11 |Fee u/s 234F | | D11 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D12 |Total Tax, Fee and Interest (D7+ D8 + D9 + D10 + D11) | | D12 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D13 |Total Advance Tax Paid | | D13 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D14 |Total Self-Assessment Tax Paid | | D14 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D15 |Total TDS Claimed (total of column 4 of Schedule-TDS1 and, column 6 of Schedule-TDS2) | | D15 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D16 |Total TCS Collected (total of column (5) of Schedule-TCS) | | D16 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D17 |Total Taxes Paid (D13+ D14 + D15 + D16) | | D17 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D18 |Amount payable (D12 – D17, If D12 > D17) | | D18 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D19 |Refund (D17 – D12, If D17 > D12) | | D19 |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D20 |Exempt income only for reporting purposes (If agricultural income is more than Rs. 5,000/-, use | | D20 |
| |ITR 3/5) and Income on which no tax is payable | | |
| |(Drop down to be provided in e-filing utility mentioning nature of exempt income, relevant clause and section) | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D21 |Income on which no tax is payable: | | |
| |Long Term capital gains under section 112A not chargeable to Income-tax | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
| | i. Total sale consideration | | |
| | ii. Total cost of acquisition | | |
| | iii. Long term capital gains as per section 112A | | |
+-----+------------------------------------------------------------------------------------------------------------------------------------+-----+--------------------+
BANK ACCOUNT
D21 Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts)
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
|SI. |IFS Code of the Bank|Name of the Bank |Account Number |Type of bank account |Select Account for |
| | | | |(Dropdown to be provided by E- |Refund Credit |
| | | | |filing utility) | |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
|i | | | | | |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
|ii | | | | | |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
| |1. All bank accounts held at any time are to be reported, except dormant A/c. | |
| |2. Minimum one account should be selected for refund credit. | |
| |3. In case multiple accounts are selected, refund will be credited to one of the validated accounts decided by CPC after processing the return.| |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
SCHEDULE BP – DETAILS OF INCOME FROM BUSINESS OR PROFESSION
COMPUTATION OF PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD
+---+------------------------+----------------+-------------+
|S. |Name of Business |Business code |Description |
|No.| | | |
|(i)| | | |
+---+------------------------+----------------+-------------+
|E1 |Gross Turnover or Gross Receipts (E1 limited to Rs.2 Crores, however if [E1b+ E1c] is less than or | |
| |equal to 5% of E1 then the limit under E1 is extended to Rs.3 Crores.) | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received or | |Ela |
| | prescribed electronic modes received before specified date | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |b Receipts in Cash | |Elb |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |c Any mode other than a and b | |Elc |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
|E2 |Presumptive Income under section 44AD | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |a 6% of Ela or the amount claimed to have been earned, whichever is higher | |E2a |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |b 8% of (E1b+E1c) or the amount claimed to have been earned, whichever is higher | |E2b |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |c Total (a + b) | |E2c |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |NOTE—If Income is less than the above percentage of Gross Receipts, it is mandatory to have a tax audit under | | |
| |44AB & other ITR as applicable has to be filed | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA
+---+--------------------+----------------+-------------+
|S. |Name of Business |Business code |Description |
|No.| | | |
|(i)| | | |
+---+--------------------+----------------+-------------+
|E3 |Gross Receipts (E3 limited to Rs.50 Lakhs, however if [E3b + E3c] is less than or equal to 5% of E3 | |E3 |
| |then limit under E3 is extended to Rs.75 Lakhs.) | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received | |E3a |
| | or prescribed electronic modes received before specified date | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |b Receipts in Cash | |E3b |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |c Any mode other than a and b | |E3c |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
|E4 |Presumptive Income under section 44ADA (50% of E3) or the amount claimed to have been earned, whichever is | |E4 |
| |higher | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |NOTE-If Income is less than 50% of Gross Receipts, it is mandatory to have a tax audit under 44AB & other ITR | | |
| |as applicable has to be filed | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
COMPUTATION OF PRESUMPTIVE INCOME FROM GOODS CARRIAGES UNDER SECTION 44AE
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|S. |Name of Business |Whether |Tonnage capacity of|Number of months for which |Presumptive income u/s |
|No.| |owned/leased/ |goods carriage |goods carriage was owned/ |44AE for the goods |
|(i)| |hired |(in MT) |leased/hired by assessee |carriage |
| | | | | |(Computed @ Rs.1000 per |
| | | | | |ton per month in case |
| | | | | |tonnage exceeds 12MT, or |
| | | | | |else @ Rs.7500 per month) |
| | | | | |or the amount claimed to |
| | | | | |have been actually earned, |
| | | | | |whichever is higher |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|(i)| |(1) |(2) |(3) |(4) |(5) |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|(a)| | | | | |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|(b)| | | | | |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
| |Add row options as necessary (At any time during the year the number of vehicles should not exceed 10 vehicles) | |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E5 |Presumptive Income from Goods Carriage under section 44AE [total of column (5)] |E5 |
| |NOTE-If the profits are lower than prescribed under section 44AE or the number of Vehicles owned at any time | |
| |exceed 10 then other ITR, as applicable, has to be filed | |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E6 |Salary and interest paid to the partners |E6 |
| |NOTE - This is to be filled up only by firms | |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E7 |Presumptive Income u/s 44AE (E5-E6) |E7 |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E8 |Income chargeable under the head ‘Business or Profession' (E2c+E4+E7) |E8 |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST
Note - Please furnish the information below for each GSTIN No. separately
+----+-------------------------------------------------------------+-----+
|E9 |GSTIN No(s). |E9 |
+----+-------------------------------------------------------------+-----+
|E10 |Annual value of outward supplies as per the GST returns filed|E10 |
+----+-------------------------------------------------------------+-----+
FINANCIAL PARTICULARS OF THE BUSINESS
Note-For E11 to E25 furnish the information as on 31st day of March, 2025
+----+------------------------------+-----+
|E11 |Partners/ Members own capital |E11 |
+----+------------------------------+-----+
|E12 |Secured loans |E12 |
+----+------------------------------+-----+
|E13 |Unsecured loans |E13 |
+----+------------------------------+-----+
|E14 |Advances |E14 |
+----+------------------------------+-----+
|E15 |Sundry creditors |E15 |
+----+------------------------------+-----+
|E16 |Other liabilities |E16 |
+----+------------------------------+-----+
|E17 |Total capital and liabilities (E11+E12+E13+E14+E15+E16) |E17 |
+----+------------------------------+-----+
|E18 |Fixed assets |E18 |
+----+------------------------------+-----+
|E19 |Inventories |E19 |
+----+------------------------------+-----+
|E20 |Sundry debtors |E20 |
+----+------------------------------+-----+
|E21 |Balance with banks |E21 |
+----+------------------------------+-----+
|E22 |Cash-in-hand |E22 |
+----+------------------------------+-----+
|E23 |Loans and advances |E23 |
+----+------------------------------+-----+
|E24 |Other assets |E24 |
+----+------------------------------+-----+
|E25 |Total assets (E18+E19+E20+E21+E22+E23+E24) |E25 |
+----+------------------------------+-----+
|NOTE|Please refer to instructions for filling out this schedule (E15, E19, E20, E22 are mandatory and others if available)| |
+----+------------------------------------------------------------------------------------------------------------------------+-----+
SCHEDULE IT DETAILS OF ADVANCE TAX AND SELF ASSESSMENT TAX PAYMENTS
+----+-----------+-----------------------+------------+----------+
| |BSR Code |Date of Deposit (DD/MM/YYYY)|Challan No. |Tax paid |
| |Col (1) |Col (2) |Col (3) |Col (4) |
+----+-----------+-----------------------+------------+----------+
|R1 | | | | |
+----+-----------+-----------------------+------------+----------+
|R2 | | | | |
+----+-----------+-----------------------+------------+----------+
|R3 | | | | |
+----+-----------+-----------------------+------------+----------+
|NOTE|Enter the totals of Advance tax and Self-Assessment tax in D13 & D14| | |
+----+--------------------------------------------------------------------+------------+----------+
Schedule TCS Details of Tax Collected at Source [As per Form 27D issued by the Collector(s)]
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|SI |Tax Collection Account |Name of the Collector|Details of amount paid as |Tax Collected|Amount out of (4) being |
|No |Number of the Collector | |mentioned in Form 26AS | |claimed |
|(1)|Col (1) |Col (2) |Col (3) |Col (4) |Col (5) |
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|I | | | | | |
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|Ii | | | | | |
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|NOTE|Please enter total of column (5) of Schedule-TCS in D16 | | |
+---+--------------------------------------------------------------------------------------------------------+------------+-----------------------------+
SCHEDULE TDS-1 DETAILS OF TAX DEDUCTED AT SOURCE FROM SALARY
[As per Form 16 issued by Employer(s)]
+----+---------+--------------------+--------------------+----------------+
| |TAN |Name of the Employer|Income under Salary |Tax deducted |
| |Col (1) |Col (2) |Col (3) |Col (4) |
+----+---------+--------------------+--------------------+----------------+
|S1 | | | | |
+----+---------+--------------------+--------------------+----------------+
|S2 | | | | |
+----+---------+--------------------+--------------------+----------------+
|S3 | | | | |
+----+---------+--------------------+--------------------+----------------+
|NOTE|Enter the total of column 4 of Schedule-TDSI and column 6 of Schedule-TDS2 in D15| | |
+----+-----------------------------------------------------------------------------------+--------------------+----------------+
SCHEDULE TDS-2 DETAILS OF TAX DEDUCTED AT SOURCE ON INCOME OTHER THAN SALARY
[As per Form 16 A issued or Form 16C or Form 16D furnished by Deductor(s)]
+---+----------+--------------------+-----------------------------------------------------+------------------------------------+----------------+
|SI.|TAN Section|Unclaimed TDS brought forward|TDS of the |TDS credit being claimed this |Corresponding Receipt/ |TDS |
|No.|of the under| (b/f) |current Fin.|Year (only if corresponding |withdrawals offered |credit |
| |Deduct which| |Year |receipt is being offered for tax| |being |
| |or/ TDS is | | |this year, not applicable if| |carried |
| |PAN/ deducte| | |TDS is deducted u/s 194N) | |forward |
| |Aadha d | | | | | |
| |ar No. | | | | | |
| |of | | | | | |
| |Tenant | | | | | |
+---+----------+--------------------+-----------------------------------------------------+------------------------------------+----------------+
| |(1)|(2a)|(2b)|Fin. Year in which|TDS b/f|TDS Deducted|TDS Claimed|Gross Amount|Head of| |
| | | | |deducted | | | | |Income| |
| | | | |(3) |(4) |(5) |(6) |(7) |(8) |(9) |
+---+----------+---+---+------------------+-------+------------+-----------+------------+------+-----------------------------+
|i | | | | | | | | | | |
+---+----------+---+---+------------------+-------+------------+-----------+------------+------+-----------------------------+
|ii | | | | | | | | | | |
+---+----------+---+---+------------------+-------+------------+-----------+------------+------+-----------------------------+
|NOTE|Enter the total of column 6 of Schedule TDS2 and column 4 of Schedule-TDS1 in D15| | |
+---+-----------------------------------------------------------------------------------+------------------------------------+-----------------------------+
VERIFICATION
I, _______________________________________ son/ daughter of _______________________________________ solemnly
declare that to the best of my knowledge and belief, the information given in the return is correct and complete and is in accordance
with the provisions of the Income-tax Act, 1961. I further declare that I am making returns in my capacity as ________________________ (drop down
to be provided in e-filing utility) and I am also competent to make this return and verify it. I am holding permanent account number
_______________________________________ (Please see instruction)
Place:
Date:
Signature here ➔
+--------------------------------------------------------------------------------------------------------+------------------------+
|If the return has been prepared by a Tax Return Preparer (TRP) give further details below: | |
+--------------------------------------------------------------------------------------------------------+------------------------+
|Identification No. of TRP|Name of TRP |Counter Signature of TRP |
+--------------------------------------------------------------------------------------------------------+------------------------+
| | | |
+--------------------------------------------------------------------------------------------------------+------------------------+
|If TRP is entitled for any reimbursement from the Government, amount thereof"; | |
+--------------------------------------------------------------------------------------------------------+------------------------+
(b) for FORM ITR-4, the following FORM shall be substituted, namely:—
"FORM
ITR-4
SUGAM
INDIAN INCOME TAX RETURN
[For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh
and having income from business and profession which is computed under sections 44AD, 44ADA or
44AE, and having long-term capital gains under section 112A upto Rs. 1.25 lakh]
[Not for an individual who is either Director in a company or has invested in unlisted equity shares or if
income-tax is deferred on ESOP or has agricultural income more than Rs. 5000 or has assets (including
financial interest in any entity) located outside India]
(Refer instructions for eligibility)
Assessment Year
2025-26
PART A GENERAL INFORMATION
(A1) First Name
(A2) Middle Name
(A3) Last Name
(A4) Permanent Account
Number
(A5) Date of Birth/Formation (DD/MM/YYYY)
(A6) Flat/Door/Block No.
(A7) Name of Premises/ Building/ Village
(A8) Road/Street/Post
Office
(A9) Area/Locality
(A10) Town/City/District
(A11) State
(A12) Country
(A13) PIN Code/ZIP Code
(A14) Aadhaar Number (12 digits)
(A15) Status
Individual
Firm (other than LLP)
HUF
(A16) Residential/Office Phone Number with STD code/ Mobile No.1
(A17) Mobile No. 2
(A18) Email Address-1 (self)
Email Address -2
(A19) Nature of employment - Central Govt. State Govt. Public Sector Undertaking
Pensioners-PSU □ Pensioners- Others
Pensioners-CG Pensioners-SG
Others
Not Applicable (e.g. Family Pension etc.)
(A20)(a) Filed u/s (Tick)
139(1)-On or before due date, 139(4)-After due date, 139(5)-
[Please see instruction]-
Revised Return,
119(2)(b)- After Condonation of delay
(b) Or Filed in response to notice u/s
139(9)142(1) 148 153C
//
/
(A21) If revised/defective then enter Receipt No. and Date of filing
of original return (DD/MM/YYYY)
//
/
(A22) If filed in response to notice u/s 139(9) /142(1)/148/153C or order u/s 119(2)(b)- enter Unique
Number/ Document Identification Number (DIN) & Date of such Notice or Order
//
/
(A23) Have you exercised the option u/s 115BAC(6) of Opting out of new tax regime in Form 10-IEA in AY 2024-25?
(a) Yes (If 'Yes', please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2024-25)
Do you wish to continue to opt out of New Tax Regime for current assessment year Yes No
(If 'No', please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2025-26)
(b) No (Please select 'No', even if Form 10IEA was filed after due date for AY 2024-25)
Do you wish to opt out of New Tax Regime for current assessment year Yes No
(If 'Yes', please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2025-26)
(c) Not Applicable (Return was filed in ITR Form 1/ Form 2 for AY 2024-25)
Do you wish to opt out of New Tax Regime for current assessment year Yes No
(If 'Yes', please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2025-26)
Note- Option under section 115BAC(6) should be exercised in Form 10IEA on or before the due date for filing return u/s 139(1).
(A24) Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income?
(Not applicable in case of firm) - (Tick) Yes No
If yes, please furnish following information as provided in e-filing utility
[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)]
(i) Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more
current account during the previous year? (Yes/No)
Amount (Rs) (If Yes)
(ii) 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)
Amount (Rs) (If Yes)
(iii)Have you incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on
consumption of electricity during the previous year? (Yes/No)
Amount (Rs) (If Yes)
(iv) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh
proviso to section 139(1) (If yes, please select the relevant condition from the drop-down menu)
(Tick) Yes No
(A25) Whether this return is being filed by a representative assessee? (Tick) Yes No
If yes, please furnish following information -
(1) Name of the representative
(2) Capacity of the representative
(3) Address of the representative
(4) Permanent Account Number (PAN)/ Aadhaar No. of the representative
PART B GROSS TOTAL INCOME
B1 Income from Business & Profession (NOTE-Enter value from E8 of Schedule BP)
+---+------------------------------------------------------------------------------------------------------------------+-----+------------------------+
| |i Gross Salary_(ia+ib+ic+id+ie) | |i |
|B2 |a Salary as per section 17(1) | ia | |
| |b Value of perquisites as per section 17(2) | ib | |
| |c Profit in lieu of salary as per section 17(3) | ic | |
| |Income from retirement benefit account maintained in a notified | id | |
|S |d country u/s 89A (country drop down will be provided in e-filing | | |
|A |utility) | | |
|L +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|A |e Income from retirement benefit account maintained in a country | ie | |
|R | other than notified country u/s 89A | | |
|Y +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|/ |ii Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) | ii | |
|P |[Ensure that it is included in salary income u/s 17(1)/17(2)/17(3)] | | |
|E +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|N |iia Less: Income claimed for relief from taxation u/s 89A | iia | |
|S +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|I |iii Net Salary (i – ii-iia) | iii | |
|O +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|N |iv Deductions u/s 16 (iva + ivb+ivc) | iv | |
| +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
| |a Standard deduction u/s 16(ia) | iva | |
| |b Entertainment allowance u/s 16(ii) | ivb | |
| |c Professional tax u/s 16(iii) | ivc | |
+---+------------------------------------------------------------------------------------------------------------------+-----+------------------------+
| |v Income chargeable under the head 'Salaries' (iii – iv) (NOTE- Ensure to Fill "Sch TDS1") | |B2 |
+---+------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|B3 |Tick applicable option: Self Occupied Let Out Deemed Let Out | | |
+---+------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|H |i Gross rent received/ receivable/ lettable value during the year | i | |
|O +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|U |ii Tax paid to local authorities | ii | |
|S +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|E |iii Annual Value (i – ii) | iii | |
| +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|P |iv 30% of Annual Value | iv | |
|R +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|O |v Interest payable on borrowed capital (Details are to be filled in the drop down to | V | |
|P | be provided in e-filing utility) | | |
|E +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|R |vi Arrears/Unrealized Rent received during the year Less 30% | vi | |
|T +------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|Y |vii Income chargeable under the head ‘House Property' (iii – iv – v) + vi | |B3 |
+---+------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|(If loss, put the figure in negative) | | |
+---------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|Note:-Maximum loss from house property that can be set-off is INR 2, 00,000. To avail the | | |
|benefit of carry forward and set of loss, please use ITR -3/5. | | |
+---------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|B4 Income from Other Sources drop down like interest from saving account, deposit etc. to be |B4 | |
|provided in e-filing utility specifying nature of income and in case of dividend and Income from | | |
|retirement benefit account maintained in a notified country u/s 89A, please mention quarterly | | |
|breakup for allowing applicable relief from section 234C | | |
|NOTE- Fill "Sch TDS2” if applicable. | | |
+---------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|Less: Deduction u/s 57(iia) (in case of family pension only) | | |
+---------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|Less: Income claimed for relief from taxation u/s 89A | | |
+---------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|B5 Gross Total Income (B1+B2+B3+B4) |B5 | |
+---------------------------------------------------------------------------------------------------------------------+-----+------------------------+
|To avail the benefit of carry forward and set of loss, please use ITR -3/5. | | |
+---------------------------------------------------------------------------------------------------------------------+-----+------------------------+
PART C–DEDUCTIONS AND TAXABLE TOTAL INCOME (Refer to instructions for Deductions limits as per Income-tax Act)
+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+
|C1 |80C |C2 |80CCC |C3 |80CCD (1) |C6 |80D |C9 |80E |
| |(Details are to | |(Details are to be | |(Details are to | |(Details are to be | |(Details are to be |
| |be filled in the | |filled in the drop | |be filled in the | |filled in the drop | |filled in the drop |
| |drop down to | |down to be | |drop down to | |down to be | |down to be |
| |be provided in | |provided in | |be provided in | |provided in e- | |provided in e- |
| |e-filing utility) | |e-filing utility) | |e-filing utility) | |filing utility) | |filing utility) |
+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+
|C4 |80CCD(1B) |C5 |80CCD(2) |C7 |80DD |C8 |80DDB |C10 |80EE |
| |(Details are to | |(Details are to be | |(Details are to | |(Details to be | |(Details are to be |
| |be filled in the | |filled in the drop | |be filled in the | |filled in drop | |filled in the drop |
| |drop down to | |down to be | |drop down to | |down to | |down to |
| |be provided in | |provided in e-filing utility) | |be provided in | |provided in e- | |be provided in e-filing utility) |
| |e-filing utility) | | | |e-filing utility) | |filing utility) | | |
+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+
|C13 |80G |C14 |80GG |C15 |80GGC |C16 |80TTA |C17 |80TTB |
| |(Details to be filled | |(Details are to be | |(Details are to be | |(Details are to be | |(Details are to be |
| |in drop down to be | |filled in the drop | |filled in the drop | |filled in the drop | |filled in the drop |
| |provided in e-filing | |down to | |down to | |down to | |down to |
| |utility) | |be provided in e-filing utility) | |be provided in e-filing utility) | |be provided in e-filing utility) | |be provided in e-filing utility) |
+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+
|C18a|80CCH |C18b|Any | |80U | | | | |
| | | |Other (Details are to be | |(Details are to be | | | | |
| | | |deduction as | |filled in the drop | | | | |
| | | |per the e-filing | |down to | | | | |
| | | |utility | |be provided in e-filing utility) | | | | |
+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+
|C19 |Total deductions (Add items C1 to C18b) | | | | | | |C19 | |
+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+
|C20 |Taxable Total Income (B5 - C19) | | | | | | |C20 | |
+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+----+--------------------------------------------------------------------------------------------------------------------+
PART D – TAX COMPUTATIONS AND TAX STATUS
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D1 |Tax payable on total income (C20) | |D1 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D2 |Rebate on 87A | |D2 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D3 |Tax payable after Rebate (D1-D2) | |D3 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D4 |Health and Education Cess @ 4% on (D3) | |D4 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D5 |Total Tax, and Cess (D3+D4) | |D5 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D6 |Relief u/s 89 (Please ensure to submit Form 10E to claim this relief) | |D6 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D7 |Balance Tax after Relief (D5-D6) | |D7 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D8 |Total Interest u/s 234A | |D8 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D9 |Total Interest u/s 234B | |D9 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D10 |Total Interest u/s 234C | |D10 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D11 |Fee u/s 234F | |D11 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D12 |Total Tax, Fee and Interest (D7+ D8 + D9 + D10 + D11) | |D12 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D13 |Total Advance Tax Paid | |D13 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D14 |Total Self-Assessment Tax Paid | |D14 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D15 |Total TDS Claimed (total of column 4 of Schedule-TDS1 and, column 6 of Schedule-TDS2) | |D15 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D16 |Total TCS Collected (total of column (5) of Schedule-TCS) | |D16 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D17 |Total Taxes Paid (D13+ D14 + D15 + D16) | |D17 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D18 |Amount payable (D12 – D17, If D12 > D17) | |D18 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D19 |Refund (D17 – D12, If D17 > D12) | |D19 |
+-----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D20 |Exempt income only for reporting purposes (If agricultural income is more than Rs. 5,000/-, use | |D20 |
| |ITR 3/5) and Income on which no tax is payable | | |
| |(Drop down to be provided in e-filing utility mentioning nature of exempt income, relevant clause and section) | | |
+----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
|D21 |Income on which no tax is payable: | | |
| |Long Term capital gains under section 112A not chargeable to Income-tax | | |
+----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
| |i. Total sale consideration | | |
| |ii. Total cost of acquisition | | |
| |iii. Long term capital gains as per section 112A | | |
+----+--------------------------------------------------------------------------------------------------------------------+-----+--------------------+
BANK ACCOUNT
D21 Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts)
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
|SI. |IFS Code of the Bank|Name of the Bank |Account Number |Type of bank account |Select Account for |
| | | | |(Dropdown to be provided by E- |Refund Credit |
| | | | |filing utility) | |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
|i | | | | | |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
|ii | | | | | |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
| |1. All bank accounts held at any time are to be reported, except dormant A/c. | |
| |2. Minimum one account should be selected for refund credit. | |
| |3. In case multiple accounts are selected, refund will be credited to one of the validated accounts decided by CPC after processing the return.| |
+----+------------------+------------------+---------------+----------------------------------------------------------------+------------------------------+
SCHEDULE BP – DETAILS OF INCOME FROM BUSINESS OR PROFESSION
COMPUTATION OF PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD
+---+------------------------+----------------+-------------+
|S. |Name of Business |Business code |Description |
|No.| | | |
|(i)| | | |
+---+------------------------+----------------+-------------+
|E1 |Gross Turnover or Gross Receipts (E1 limited to Rs.2 Crores, however if [E1b+ E1c] is less than or | |
| |equal to 5% of E1 then the limit under E1 is extended to Rs.3 Crores.) | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received or | |Ela |
| | prescribed electronic modes received before specified date | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |b Receipts in Cash | |Elb |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |c Any mode other than a and b | |Elc |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
|E2 |Presumptive Income under section 44AD | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |a 6% of Ela or the amount claimed to have been earned, whichever is higher | |E2a |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |b 8% of (E1b+E1c) or the amount claimed to have been earned, whichever is higher | |E2b |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |c Total (a + b) | |E2c |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |NOTE—If Income is less than the above percentage of Gross Receipts, it is mandatory to have a tax audit under | | |
| |44AB & other ITR as applicable has to be filed | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA
+---+--------------------+----------------+-------------+
|S. |Name of Business |Business code |Description |
|No.| | | |
|(i)| | | |
+---+--------------------+----------------+-------------+
|E3 |Gross Receipts (E3 limited to Rs.50 Lakhs, however if [E3b + E3c] is less than or equal to 5% of E3 | |E3 |
| |then limit under E3 is extended to Rs.75 Lakhs.) | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received | |E3a |
| | or prescribed electronic modes received before specified date | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |b Receipts in Cash | |E3b |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |c Any mode other than a and b | |E3c |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
|E4 |Presumptive Income under section 44ADA (50% of E3) or the amount claimed to have been earned, whichever is | |E4 |
| |higher | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
| |NOTE-If Income is less than 50% of Gross Receipts, it is mandatory to have a tax audit under 44AB & other ITR | | |
| |as applicable has to be filed | | |
+---+------------------------------------------------------------------------------------------------------------------------+-------------+-------------+
COMPUTATION OF PRESUMPTIVE INCOME FROM GOODS CARRIAGES UNDER SECTION 44AE
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|S. |Name of Business |Whether |Tonnage capacity of|Number of months for which |Presumptive income u/s |
|No.| |owned/leased/ |goods carriage |goods carriage was owned/ |44AE for the goods |
|(i)| |hired |(in MT) |leased/hired by assessee |carriage |
| | | | | |(Computed @ Rs.1000 per |
| | | | | |ton per month in case |
| | | | | |tonnage exceeds 12MT, or |
| | | | | |else @ Rs.7500 per month) |
| | | | | |or the amount claimed to |
| | | | | |have been actually earned, |
| | | | | |whichever is higher |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|(i)| |(1) |(2) |(3) |(4) |(5) |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|(a)| | | | | |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
|(b)| | | | | |
+---+--------------------+----------------+-----------------+--------------------------------------------------------------------+------------------------------+
| |Add row options as necessary (At any time during the year the number of vehicles should not exceed 10 vehicles) | |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E5 |Presumptive Income from Goods Carriage under section 44AE [total of column (5)] |E5 |
| |NOTE-If the profits are lower than prescribed under section 44AE or the number of Vehicles owned at any time | |
| |exceed 10 then other ITR, as applicable, has to be filed | |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E6 |Salary and interest paid to the partners |E6 |
| |NOTE - This is to be filled up only by firms | |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E7 |Presumptive Income u/s 44AE (E5-E6) |E7 |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
|E8 |Income chargeable under the head ‘Business or Profession' (E2c+E4+E7) |E8 |
+---+------------------------------------------------------------------------------------------------------------------------+------------------------------------+
INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST
Note - Please furnish the information below for each GSTIN No. separately
+----+-------------------------------------------------------------+-----+
|E9 |GSTIN No(s). |E9 |
+----+-------------------------------------------------------------+-----+
|E10 |Annual value of outward supplies as per the GST returns filed|E10 |
+----+-------------------------------------------------------------+-----+
FINANCIAL PARTICULARS OF THE BUSINESS
Note-For E11 to E25 furnish the information as on 31st day of March, 2025
+----+------------------------------+-----+
|E11 |Partners/ Members own capital |E11 |
+----+------------------------------+-----+
|E12 |Secured loans |E12 |
+----+------------------------------+-----+
|E13 |Unsecured loans |E13 |
+----+------------------------------+-----+
|E14 |Advances |E14 |
+----+------------------------------+-----+
|E15 |Sundry creditors |E15 |
+----+------------------------------+-----+
|E16 |Other liabilities |E16 |
+----+------------------------------+-----+
|E17 |Total capital and liabilities (E11+E12+E13+E14+E15+E16) |E17 |
+----+------------------------------+-----+
|E18 |Fixed assets |E18 |
+----+------------------------------+-----+
|E19 |Inventories |E19 |
+----+------------------------------+-----+
|E20 |Sundry debtors |E20 |
+----+------------------------------+-----+
|E21 |Balance with banks |E21 |
+----+------------------------------+-----+
|E22 |Cash-in-hand |E22 |
+----+------------------------------+-----+
|E23 |Loans and advances |E23 |
+----+------------------------------+-----+
|E24 |Other assets |E24 |
+----+------------------------------+-----+
|E25 |Total assets (E18+E19+E20+E21+E22+E23+E24) |E25 |
+----+------------------------------+-----+
|NOTE|Please refer to instructions for filling out this schedule (E15, E19, E20, E22 are mandatory and others if available)| |
+----+------------------------------------------------------------------------------------------------------------------------+-----+
SCHEDULE IT DETAILS OF ADVANCE TAX AND SELF ASSESSMENT TAX PAYMENTS
+----+-----------+-----------------------+------------+----------+
| |BSR Code |Date of Deposit (DD/MM/YYYY)|Challan No. |Tax paid |
| |Col (1) |Col (2) |Col (3) |Col (4) |
+----+-----------+-----------------------+------------+----------+
|R1 | | | | |
+----+-----------+-----------------------+------------+----------+
|R2 | | | | |
+----+-----------+-----------------------+------------+----------+
|R3 | | | | |
+----+-----------+-----------------------+------------+----------+
|NOTE|Enter the totals of Advance tax and Self-Assessment tax in D13 & D14| | |
+----+--------------------------------------------------------------------+------------+----------+
Schedule TCS Details of Tax Collected at Source [As per Form 27D issued by the Collector(s)]
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|SI |Tax Collection Account |Name of the Collector|Details of amount paid as |Tax Collected|Amount out of (4) being |
|No |Number of the Collector | |mentioned in Form 26AS | |claimed |
|(1)|Col (1) |Col (2) |Col (3) |Col (4) |Col (5) |
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|I | | | | | |
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|Ii | | | | | |
+---+-------------------------+--------------------+------------------------------------------------------+------------+-----------------------------+
|NOTE|Please enter total of column (5) of Schedule-TCS in D16 | | |
+---+--------------------------------------------------------------------------------------------------------+------------+-----------------------------+
SCHEDULE TDS-1 DETAILS OF TAX DEDUCTED AT SOURCE FROM SALARY
[As per Form 16 issued by Employer(s)]
+----+---------+--------------------+--------------------+----------------+
| |TAN |Name of the Employer|Income under Salary |Tax deducted |
| |Col (1) |Col (2) |Col (3) |Col (4) |
+----+---------+--------------------+--------------------+----------------+
|S1 | | | | |
+----+---------+--------------------+--------------------+----------------+
|S2 | | | | |
+----+---------+--------------------+--------------------+----------------+
|S3 | | | | |
+----+---------+--------------------+--------------------+----------------+
|NOTE|Enter the total of column 4 of Schedule-TDSI and column 6 of Schedule-TDS2 in D15| | |
+----+-----------------------------------------------------------------------------------+--------------------+----------------+
SCHEDULE TDS-2 DETAILS OF TAX DEDUCTED AT SOURCE ON INCOME OTHER THAN SALARY
[As per Form 16 A issued or Form 16C or Form 16D furnished by Deductor(s)]
+---+----------+--------------------+-----------------------------------------------------+------------------------------------+----------------+
|SI.|TAN Section|Unclaimed TDS brought forward|TDS of the |TDS credit being claimed this |Corresponding Receipt/ |TDS |
|No.|of the under| (b/f) |current Fin.|Year (only if corresponding |withdrawals offered |credit |
| |Deduct which| |Year |receipt is being offered for tax| |being |
| |or/ TDS is | | |this year, not applicable if| |carried |
| |PAN/ deducte| | |TDS is deducted u/s 194N) | |forward |
| |Aadha d | | | | | |
| |ar No. | | | | | |
| |of | | | | | |
| |Tenant | | | | | |
+---+----------+--------------------+-----------------------------------------------------+------------------------------------+----------------+
| |(1)|(2a)|(2b)|Fin. Year in which|TDS b/f|TDS Deducted|TDS Claimed|Gross Amount|Head of| |
| | | | |deducted | | | | |Income| |
| | | | |(3) |(4) |(5) |(6) |(7) |(8) |(9) |
+---+----------+---+---+------------------+-------+------------+-----------+------------+------+-----------------------------+
|i | | | | | | | | | | |
+---+----------+---+---+------------------+-------+------------+-----------+------------+------+-----------------------------+
|ii | | | | | | | | | | |
+---+----------+---+---+------------------+-------+------------+-----------+------------+------+-----------------------------+
|NOTE|Enter the total of column 6 of Schedule TDS2 and column 4 of Schedule-TDS1 in D15| | |
+---+-----------------------------------------------------------------------------------+------------------------------------+-----------------------------+
VERIFICATION
I, _______________________________________ son/ daughter of _______________________________________ solemnly
declare that to the best of my knowledge and belief, the information given in the return is correct and complete and is in accordance
with the provisions of the Income-tax Act, 1961. I further declare that I am making returns in my capacity as ________________________ (drop down
to be provided in e-filing utility) and I am also competent to make this return and verify it. I am holding permanent account number
_______________________________________ (Please see instruction)
Place:
Date
Signature here ➔
+--------------------------------------------------------------------------------------------------------+------------------------+
|If the return has been prepared by a Tax Return Preparer (TRP) give further details below: | |
+--------------------------------------------------------------------------------------------------------+------------------------+
|TRP PIN (10 Digit) |Name of TRP |Counter Signature of TRP |
+--------------------------------------------------------------------------------------------------------+------------------------+
| | | |
+--------------------------------------------------------------------------------------------------------+------------------------+
|Amount to be paid to TRP". | |
+--------------------------------------------------------------------------------------------------------+------------------------+
[F. No. 370142/3/2025-TPL]
SURBENDU THAKUR, Under Secy., Tax Policy and Legislation
Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-
Section (ii) vide notification number S.O. 969 (E), dated the 26th March, 1962 and was last
amended vide notification number G.S.R. 252(E), dated the 22nd April, 2025.
Explanatory Memorandum: - It is hereby certified that no person shall be adversely affected by giving
retrospective effect to these rules.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.