E filing itr 4 incometax return Online in India Basic Guide to Income-tax excel utility Software

E filing itr 4 income-tax return Online in India

                                                         INDIAN INCOME TAX RETURN

[For individuals and HUFs having income from a proprietary business or profession]

(Please see Rule 12 of the Income Tax-Rules,1962)
(Also see attached Instructions)

All assesses or taxpayer want to guide about itr online filed. now a days, very simple and easy step with instruction to prepared itr 4 excel utility software and generated XML file and upload itr return in income tax webpage. All people want to know about itr return. here we are provide to some basic instruction to  help for an assesses and taxpayer. as under guide to introduce the itr 4 excel utility file or PDF file. First taxpayer want to filed itr online by self. give a some basic details.like, PAN Card, Bank Statement or Passbook, Profit & Loss, Balance Sheet of Business as on Date  Learn How to Prepare Balance Sheet and Profit & loss Account Income From house property – House rent register, Annual rent income, Income from other sources – Bank Interest, F.D. Interest,Share Dividend Income,Bank Share Dividend Income,Commission ,Brokerage,etc.. ..Plant Machinery Rent Income,Factory Shed Rent Income, Vehicle Rent Income,etc.... called a Income from other sources. Itr online e filing return process start here,  Basic Knowledge of Profit & Loss A/c .here we are try to understand all assesses to Prepared Profit & Loss A/c as under Format of  For Example any Trading Co. Carry  on Business to 

General Instructions

These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income tax Rules, 1962.

1. Assessment Year for which this Return Form is applicable
This Return Form is applicable for assessment year 2017-18 only, i.e., it relates to income earned in Financial Year 2016-17.

2. Who can use this Return Form
This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income for the assessment year 2017-18 includes:-
(a) Business income where such income is computed in accordance with special provisions referred to in sections 44AD and 44AE of the Act for computation of business income; or
(b) Income from Profession where such income is computed in accordance with special provisions referred to in sections 44ADA; or
(c) Salary/ Pension; or
(d) Income from One House Property (excluding cases where loss is brought forward from previous years); or
(e) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses).

Note 1: The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.

Note 2: Further, in a case where the income of another person like spouse, minor child, etc.is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories. 

3. Who cannot use this Return Form
SUGAM cannot be used in following cases

(a) Income from more than one house property; or

(b) Income from Winnings from lottery or income from Race horses; or

(c) Income under the head “Capital Gains”, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or

(d) Income taxable under section 115BBDA; or

(e) Income of the nature referred to in section 115BBE; or

(f) Agricultural income in excess of ₹5,000; or

(g) Income from Speculative Business and other special incomes; or

(h) Income from an agency business or income in the nature of commission or brokerage; or

(i) Person claiming relief of foreign tax paid under section 90, 90A or 91; or

(j) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India; or


(k) Any resident having income from any source outside India.

4. SUGAM form is not mandatory
SUGAM Business Form shall not apply at the option of the assessee, if -

(i) the assessee keeps and maintains all the books of account and other documents
referred to in section 44AA in respect of the business or profession.

(ii) the assessee gets his accounts audited and obtains a report of such audit as required under section 44AB in respect of the business or profession.

In the above scenarios, Regular ITR-3 or ITR-5, as the case may, should be filed and not SUGAM.

5. Annexure-less Return Form

No document (including TDS Certificate) should be attached to this Return Form. All such documents enclosed with this Return Form will be detached and returned to the person filing the return.

6. Manner of filing this Return Form
This Return Form can be filed with the Income-tax Department in any of the following ways–
(i) By furnishing the return in a paper form;
(ii)By furnishing the return electronically under digital signature;
(iii)By transmitting the data in the return electronically under electronic verification code;
(iv)By transmitting the data in the return electronically and thereafter submitting the
verification of the return in Return Form ITR – V;
NOTE: Where the Return Form is furnished in the manner mentioned at 6(iv), the assessee should printout two copies of Form ITR – V.
In case of firm, (i) is not applicable.
One copy of ITR-V, duly signed by the assessee, has to be sent by post to - Post Bag No.
1, Electronic City Office, Bengaluru— 560 100, Karnataka. The other copy may be retained by the assessee for his record.
Only the following persons have an option to file return in paper form:-
(i) an individual of the age of 80 years or more at any time during the previous year; or

(ii) an individual or HUF whose income does not exceed five lakh rupees and no refund is claimed in the return of income.

7. Filling out the acknowledgment
Only one copy of this Return Form is required to be filed where the Return Form is

furnished in the manner mentioned at 6(i). The acknowledgment/ ITR-V should be duly filled.

who is filed itr 4 Return Form :- Any assesses or taxpayer earn Business Income Like Proprietorship Business or Partnership Firm Business to Earn Profit.  this type assesses or taxpayer liable to filed itr 4 online return. Let’s start Know what is itr 4 and how to fill up and filed itr 4 online.

As under Learn Online " How to Prepared Income Tax Return Form - ITR-4 " and Learn " How to Upload Online Income tax Return in Income Tax web-portal"

First Download itr 4 Excel utility software in excel file download. Download itr online income tax form/ excel utility softwarethe open the excel file. You nee Microsoft word in 2007 for filed itr return. open the file you see the above in under title bar is Option, Click to option box and you see the two option, click on second option and Press Click on OK.then you see the one label in excel utility file.this process after active income tax software.Total 14 schedule in excel utility file.all assesses or taxpayer not compulsory fill up all schedule.but must be fill up necessary schedule. All schedule as per under with description.

Part A General      Personal Information about Taxpayer like As under.
Full name :- Ketankumar Girishkumar Jansari 
PAN no. :- AAAAA6306A
Date of birth :- 01/01/2001
Full address: B/112-Second Floor, Virnarmad River,Gujarat.
City:- Unjha
District :- Mehsana
State :- Gujarat
Country :- India
Sex :- Male-Female-Transgender-Other
Pin Code :- 384 441
Registered email address :- asdfg@gmail.com
Registered mobile no.:- 99900 99900
Status :-Resident
Aadhar Card No.(if you have,) :- Compulsory Link your Aadhar Card.Click 
Income tax ward/circle/ Know Income tax ward/Circle
Resident :- Indian-NRI
all are fill up by assesses. if you have not  understand Please choose Option NO. 
Filed Return which section Always select this section- 11-on or before due date 139(1).,
whether original or revise return?- If you filed this return in this year one time so please select original, if you filed return is second time in this same year please select Revised. 
if you select revised option to give Original return Acknowledgment no. and Filed Date. after completed fill up this schedule to click on validate.
 If your Business Liable to Audited to Compulsory Choose a Option  Are you liable to for audit under section 44AB ? if not applicable to Audit Select No., If Choose Yes to Give a Details of Auditor. Like  Date of Audit Furnishing of the Audit Report.

Name of  the auditor signing the tax audit Report.

Membership no.of the auditor

Name of the auditor Proprietorship/firm.

PAN of the Proprietorship/firm.

Date of Audit Report.

Nature of Business :-

Choose a Code of Nature of Business to treat your business in this as below format like

Code :-

Trade name of the Proprietorship, if any.

What is Code :-  Income tax Department Generated a all type of business to convert a code like as under see the all code of business. Taxpayer choose your business code.

Manufacturing Business

0101-Agro Based Industries     

0102- Automobiles and Auto Parts

0103-Cement

0104-Diamond Cutting

0105-Drug and Pharmaceuticals

0106-Electronics including  Computer hardware

0107-Engineering Goods

0108-Fertilizers,Chemicals,Paints

0109-Flour and rice mills

0110-Food Processing Units

0111-Marble and Granite

0112-Paper

0113-Petroleum and Petrochemicals

0114-Power and Energy

0115-Printing and Publishing

0116-Rubber

0117-Steel

0118-Sugar

0119-Tea,Coffee

0120-Textiles,Hand loom,Power looms

0121-Tobaco

0122-Tyre

0123-Vanaspati and Edible Oils

0124-Manufacturing Industries-Others

Trading Business                                  Agents Business

0201- Chain Stores                             0301-General Commission Agents

0202-Retailers                                    0401-Buiders

0203-Wholesalers                               0402-Estate Agents

0204-Trading-Others                           0403-Property Developers

                                                         0404-Builder’s –Others

Contractors Business                       Professionals Business

0501-Civil Contractors                       0601-Chartered Accountants

0502-Excise Contractors                   0602-Fashion Designers

0503-Forest Contractors                   0603-Legal Professionals

0504-Mining Contractors                   0604-Medical Professionals

0505-Contractores-Others                0605-Nurshing Homes

                                                      0606-Speciality Hospitals

                                                      0607-Professionals-Others

Agencies or Services Business

0701- Advertisement Agencies

0702-Beauty Parlor

0703-Consultancy Services

0704-Courier Agencies

0705-Computer training/Educational and Coaching Institutes

0706-Forex Dealers

0708-Hotels

0709-I.T.Enabled services,BPO services Providers

0710-Security Agencies

0711-Software Development Agencies

0712-Transporters

0713-Travel Agents, tour operators

0714-Service sectors-others

Financial Services Business                  Entertainment Industries

0801-Banking Companies                          0901-Cable T.V Productions

0802-Chit Funds                                      0902-Film Distribution

0803-FinancialInstitutes                            0903-Film Laboratories

0804-Financial Service Providers                        0904-Motion Pictures Products

0805-Leasing Companies                          0905-Television Channels

0806-Money Lenders                                0906-Entertainment Industries-ethos

0807-Non banking Financial Company

0808-Share Brokers, Sub-Brokers etc..

0809-Financial Service Sectors-others

01001- Other Sectors

Part A-BS :-  This Schedule is very imported to all taxpayer or assesses because this schedule is know the Balance of 31^st March, Closing Balance in Include In partners Capital, Loan,Liability,Unsecured Loan,Secured Loan,Sundry Creditors, Unpaid Tax,Tax liability,Provision of Tax, Provision of Expenses,Deferred tax liability, etc... shown the about company.

Fixed Assets,Investment,Movable Property, Immovable Property, Land Investment,Securities Investment,Share Investment,Fixed Deposits,Sundry Debtors,Loan & Advances, Advance Payment,Cash on hand,Bank Balance, Raw material, Fished Goods,etc.. in shown the about Company Closing Balance  as on 31^st March. This Balance sheet prepared by Accountant or Owner of Partnership or Firm. As below show the Form of Balance Sheet.

Demo Company
66/B,Mahadev Nagar Road,Ahmedabad
PAN No.:AAAAA4560A
Balance Sheet
From 01/04/2015 To 31/03/2016
Particulars	Liability	Asset
Source Of Funds
Capital Account
CAPITAL NUMBER 1	28113.00
CAPITAL NUMBER 2	16113.00
	44226.00
Duties & Taxes
TDS (Job work) A/c.	267.80
TDS A/c.	212.18
Vat Payable A/c	36766.54
	37246.52
Unsecured Loans
FRIENDS LOAN A/C	35000.00
RELATIVES LOAN A/C	80000.00
OTHER PERSON LOAN A/C	60000.00
	175000.00
Sundry Creditors	189340.72
Sundry Debtors	614.00
Net Profit :	128091.72
122251.72:Current Net Profit  NP:7.64 %   5840.00:Previous Net Profit
Application Of Fund
Fixed Assets
Computer Asset A/c.		15000.00
Furniture Assets A/c.		25000.00
Vehicle Asset A/c.		28000.00
		68000.00
Sundry Creditors		1404.21
Sundry Debtors		220560.00
Bank Accounts (Banks)
B. O. B. A/c.		75899.00
S. B. S. A/c.		26830.00
		102729.00
Cash-in-hand
Cash Account		57825.75
		57825.75
Stock-in-hand
Stock In Hand		124000.00
		124000.00
	574518.96	574518.96

Profit & Loss  :- This Schedule is very important to return e filing for this schedule give a details of 1^st April to 31^st March Business Details. like Gross Turnover, Purchase, Direct Expenses, Direct Income,Sales Tax, Excise Tax, Other Operating Tax, Opening Stock,Closing Stock,Indirect Expenses, Indirect Income, all are Business relevant details Provide her.See as below to learn what is Profit And Loss Account and Trading Account.

This is Trading Account.

                    

Demo Company
66/B, Mahadev Nagar Road, Ahmedabad
PAN No.:AAAAA4560A
Trading Account
From 01/04/2015 To 31/03/2016
Particulars	Liability	Asset
Source Of Funds
Job work (Trading)
Job work Income A/c.	94000.00
	94000.00
Sales Account
Sales A/c. (12.5%)	1050742.40
Sales A/c. (CST)	273960.00
Sales A/c. (Vat 4%)	275370.00
	1600072.40
Income
Packing & Forwarding A/c.	1200.00
	1200.00
Closing Stock(Trading)
Closing Stock	124000.00
	124000.00
Application Of Fund
Job work (Trading)
Job work Exp. A/c.		26000.00
		26000.00
Opening Stock(Trading)
Opening Stock		60250.00
		60250.00
Purchase Account
Purchase (CST 3%)		378117.64
Purchase (Vat 12.5%)		850924.00
Purchase (Vat 4%)		279306.10
		1508347.74
Expenses
Octroi Exp. A/c.		4115.00
Truck Rent A/c.		4590.00
		8705.00
Gross Profit
Gross Profit		215969.66
		215969.66
	1819272.40	1819272.40

This is Profit and Loss Account.

Demo Company
66/B,Mahadev Nagar Road,Ahmedabad
PAN No.:AAAAA4560A
Profit & Loss Account
From 01/04/2015 To 31/03/2016
Particulars	Income	Expense
Income
Gross Profit GP:13.50 % :	215969.66
Income (Other Then Sales)
Repairing Charge A/c.	6350.00
	6350.00
Expense
Expense Account
Advertisement Exp. A/c.		23250.00
Kasar A/c.		170.23
Light Bill (GEB) A/c.		7393.00
Office Exp. A/c.		4728.00
Paper & Mag. Exp. A/c.		550.00
Petrol Exp. A/c.		2200.00
Salary A/c.		48000.00
Stationary Exp. A/c.		666.00
Telephone A/c.		9230.00
Traveling Exp.		3880.71
		100067.94
Net Profit NP:7.64 % :		122251.72
	222319.66	222319.66

If any taxpayer maintained Cashbook, Day-book,Bank Book, Every day sales amount, Purchase details,Expenses Details etc...

This is very Imported to Calculate Income tax.

Part A-0I :-  This Schedule is shown the Companies account Policy. Company or Partnership Firm Maintain Books of account in Mercantile System or Cash System. Closing Stock calculation Method.Disallowed any Tax or Provision for calculation of Income tax.As Below see the Image.

Quantity Details :- This Schedule is shown the fill up the Closing Stock if you have Trading Business to give a details of Quantity. Like Item Name,Units,Opening Stock,Purchase ,Sales,Closing Stock,Shortage/Excess if any. this schedule give a details of quantity only not amount involve here.

 

If any taxpayer or assesses not maintained Books of Account to As per under fill up details like Amount of Total Sundry Debtors,Amount of Total Sundry Creditors,Amount of Total Stock-in-Hand,Amount of Total Cash in hand.

Part B-TI-TTI :- This schedule is compulsory provide details by assesses.Bank Name, IFSC Code,Account Type,No.of Account, father’s name, assesses name, place,date,PAN No. This schedule is very imported by Print of acknowledgment receipt. after completed fill up this schedule to click on validate.

 TI :- This schedule is provide details of self assessment tax or advance tax details.If any taxpayer or assesses paid advance tax or after income tax calculation paid a self assessment tax. provide details of Bank BSR Code,Date of Deposit,Serial no.of challan, Amount paid in bank. after completed fill up this schedule to click on validate.

TDS :- This schedule is provide details of Tax deducted in salary or other sources.like, if any assessee received rent in more than 1,20,000/- in a year. so, deductee compulsory deducted tax. Provide details as per form no. 16A or View 26AS credit ,TRACES . If any assessee deducted tax on salary, as per form no.16.Provide details of TAN No.of deducted, Name of employer or deductor, which income deducted or chargeable,total tax deducted amount. after completed fill up this schedule to click on validate.

TCS :- This schedule is provided details of Tax collection at sources. this schedule is not necessary for common or simple return.avoid this. after completed fill up this schedule to click on validate.

Schedule S  :- This schedule is get details of Salary income. if assesses earn income From salary give details of employers.like name of company., PAN no. of employers,Town,City,Pin Code, Gross salary income, as per your form no. 16  provide details about assesses salary and employers details. after completed fill up this schedule to click on validate.

 
House Property :- This schedule is get details of Income from house property, if assesses earn rent income from house,land,garden,etc.. in built land and construction called house rent income. assesses get details of tenant name,PAN no. address,gross rent income,Paid municipality tax , Housing loan interest amount,as per schedule get details.after completed fill up this schedule to click on validate.

Schedule BP :-  Any taxpayer or assesses invest a money or partnership firm started in India. Partnership Firm earn income and net profit to devided to partner’s Remuneration, Partner’s Interest,Partner’s Capital,Partner’s Profit or Loss received or paid. etc.. Details give a this schedule like Partnership Firms PAN No.,Partners Received Salary,Commission,Remuneration received Details.,Partner’s Interest received on capital,Expenses if any Paid to partners etc.. give a details of any partnership firms earn or received income. As under see the image.

Schedule DPM-DOA :-  This schedule is very imported because, give a here details of Depreciation Expense. If any Partnership or Partnership firm Purchase a Machinery,Computer, Furniture,Etc.. movable or immovable Fixed assets to liable to get Expenses in Profit and Loss to Calculate the Depreciation in various item and various rate of depreciation. Income tax department every year in minor changes in Depreciation Rate.

Accounting knowledge For Journal Entry in Accounting Books to

Dr.    Depreciation Account

Cr.    Fixed Assets Account

How to Calculation Depreciation in Fixed Assets.

For Example :- One Company Purchase a Computer for Business use in Rs.40000/- By Cheque Date of Purchase 12/05/2015.

Computer Value is       40,000/-

Depreciation Rate is     60%          (40,000 x60 /100)

Depreciation Amount is   24,000/-

Entry Passed in Books of Account.

Depreciation Account is Debited Rs.24,000/-

Computer Account is Credited Rs.24,000/-

Rate of Depreciation

    Types of Assets                                        Rate of Depreciation  

A - House :-

 Residential House/Home                                                5%.

No residential House/Home                                           10%

Water Supply,Treatment Plant service of Home              100%

Wooden use of Construction in House/Home                100%

B-Furniture's And Fittings

Furniture Fitting [with Electric Fittings ]                       10%

Machinery and Plant                                                  15%

Airplane Air Engines                                                  40%

Truck,Buses,Taxi use of Business                               30%

Air Pollution,Water Pollution,                                              

Solid West Controls Equipment,                                100%

 Business Machinery

Energy Savings Devices, Rental Energy Devices              80%

Computers [with Software]                                          60%

Mold in use of Plastic and Rubber Factory                       30%

Medical Equipment of Life Savings                                  40%

Plastic Cantainer in use of Refile                                    50%

Gas Cylinders,Valve,Regulators                                     60%

Books in use of Business or Professional                        60% or 100%

Library in use of Business in Books                               100%

Vehicles

                Vehicle use in sea, Speed Boat,                                20%

                Any type of Commercial Vehicle in

Purchase of 1-1-09 to 30-9-09                                                50%

Intangible Assets

Copyright,Trademark,License,Franchise,Know How,Patent,

Etc.. Use in business rights                                                       25%

Note :- If any assets in use of less than 180 days or 6month to depreciation rate is liable to provision of deduction in 50%.

DEP_DCG :- This schedule not Fill because this schedule is automatically generated rate of depreciation. just see the right value shown this schedule..

ESR :- This schedule is give a details of Deduction expenses in Under Section 35. 

More Details Deduction under section 35 or 35ccc or 35ccd 
  

CG [Capital Gain] :- This schedule is get details of Capital Gains.we clarification about Two type of Capital Gains.1.Short term Capital Gains.2.Long term Capital Gains. any assesses or taxpayer join with business of Sales or purchase of share Securities,Bond,Govt.Bond,Debenture,Land and Building,House,Factory Shed,immovable properties treated all are in Fixed assets.here we are deeply clarification to how to calculated Capital Gains.Must be required documents of computation of Capital Gains. Purchase Date, Purchase Amount,Expenses details with date and year, Sales Date, Sales Amount, Buyers Name,PAN No. if Assets amount more than 6 Lakhs,Full address, As per Agreement. As per details required to computation of Short term or Long term capital gains.India’s Finance minister declare Index in budget. Index help to guide capital gains. This schedule get details of as per under.

Short term Capital Gains.:  More Details

Long term Capital Gains :- More Details

Short term Capital gains :- Any assesses or taxpayer purchase or sale of any type of movable or immovable assets,Investment in securities, share purchase or sales, Mutual funds units, Gold,Silver,Govt.Bond,etc.... investment and earn income in one year. this type transaction treated a Shot term Capital Gains.Income tax Paid rate 15% on Short term Capital Gains.

Long term Capital Gains :- Any assesses or taxpayer purchase or sale or invest any type of movable or immovable assets,investment in securities, share purchase or sales , mutual funds unit, Gold, Silver, Govt.Bond,etc... investment in more than three year any type of fixed assets so this type transaction treated Logn term Capital Gains.

As under shown Index for Calculation of Log Term Capital Gains.

As Per Rules, As per criteria apply to calculate the Capital Gains.required a information to calculate the capital gains. Like, Purchase Date, Purchase Amount.Addition Expenses ( Date wise), Sales Date, Sales Amount, as per government announced a Index to correct system to calculate the Capital Gains. Government announced a Index is as under :

1981-82	100	1999-2000	389
1982-83	109	2000-01	406
1983-84	116	2001-02	426
1984-85	125	2002-03	447
1985-86	133	2003-04	463
1986-87	140	2004-05	480
1987-88	150	2005-06	497
1988-89	172	2006-07	519
1989-90	182	2007-08	551
1990-91	199	2008-09	582
1991-92	223	2009-10	632
1992-93	244	2010-11	711
1993-94	259	2011-12	785
1994-95	281	2012-13	852
1995-96	305	2013-14	939
1996-97	331	2014-15	1024
1997-98	351	2015-16	1081

Short term Capital Gains Calculation as under :- Any assesses or taxpayer buy or sale or any type of fixed assets or movable or immovable property, Securities, Trading of Share, Gold Ornament,Silver,Gold, Mutual Fund Units,etc...buy and sale same year. this type transaction treated short term capital gains or short term Profit. This type earn Short term Profit in income tax Flat rate is 15%. other deduction not allowed to short term profit.

Long Term Capital Gains Calculation as under :- Any assesses or taxpayer buy or sale or any type of fixed assets or movable or immovable property, Securities, Trading of Share, Gold Ornament,Silver,Gold, Mutual Fund Units,etc...buy this year and sale after three year. this type transaction treated Long  term capital gains or Long  term Profit. This type earn Long term Profit in income tax Flat rate is 20%. other deduction not allowed to short term profit.But Income tax department announced scheme in when assesses or taxpayer sales of movable or immovable property and then invest in other property to get benefit of investment amount in capital gains. after completed fill up this schedule to click on validate.

Know Agricultural Land Rules is Agricultural Land

Schedule OS :- OS means other sources of Income, any people earn income from not treated in above head to this type earn income is other sources income like Bank Interest, F.D.Interest, Commission,Brokerage, Share Dividend,Bank Share Dividend,Dalali,etc..treated Other sources income. this schedule introduce the this type of income type here. after completed fill up this schedule to click on validate.

Schedule CYLA-BFLA :- This schedule is introduce to any taxpayer or assesses earn income but sometimes assesses received  a loss in business or other fixed assets to this type of loss carried forward to next year because next year deduction in earn total income. this type of loss received to add year. after completed fill up this schedule to click on validate.

Schedule CFL :-any assesses or taxpayer or Partnership Firm, Proprietary Firm received a loss in past any year please write here year and amount. after completed fill up this schedule to click on validate.

 See the As Under Image :-

Unabsorbed Depreciation :- This schedule is give a details of Manufacturing Company Unit. If any unit not work in full year so not liable to deduction of depreciation in profit and loss to give a details of Fixed assets. Some manufacturing company purchase a lot of machinery but actual not work in business. but depreciation expenses deducted in profit. as below schedule is give a details of Fixed assets.

Assessment year

Amount of brought forward unabsorbed Depreciation

Amount of depreciation set off against the current year income

Balance carried forward to the next year

Amount of brought forward unabsorbed allowances

Amount allowance set off against the current year income

Balance carried forward to the next year.

See the below image.

ICDS :- This schedule is very not imported for taxpayer. but This schedule is give a  disclosure Black money or unaccountable Money. if any taxpayer earn Black money now this day Indian Government take a one chance to Disclose Black money your ITR return. This schedule is Contain only for Disclose Black Money.Indian Govt. shown 10 types of Black money Disclosure here 1.Accounting  Policies.2.Valuation of Inventories.3.Constructions Contracts.4.Revenue Recognition.5.Tangible Fixed Assets.6.Changes in Foreign Exchange Rates. 7.Government Grants.8. Securities.9.Borrowing Costs.10.Provisions Contingent Liabilities and Contingent Assets.

10A :- This Schedule is get benefit of manufacturing unit for start a companies unit in Special Economic zone to get benefit in Profit. Give a details of Where is Start a Manufacturing Unit in give a details  which year start unit.Amount of Deduction. see the below image.

Section – 80-IA or IB or IC or IE

80-IA

Deduction in respect of profit of an undertaking referred to in section 80-IA(4)(ii)Telecommunication Services, Industrial Park and SEZs, Power, Revival of power generating plant,

80-IB

Deduction in respect of Industrial undertaking located in Jammu-Kashmir.

Deduction in respect of Industrial undertaking located in Industrial Backward States specified in eighth schedules.

Deduction in respect of Industrial undertaking located Backward District.

Deduction in respect of Industrial undertaking located in Multiplex theater.

Deduction in respect of Industrial undertaking located convention center.

Deduction in respect of Industrial undertaking located in commercial production or refining or mineral oil.

Deduction in respect of Industrial undertaking located in developing and building housing projects.

Deduction in respect of Industrial undertaking located cold chain facility.

Deduction in respect of Industrial undertaking located in processing, Preservation and packaging of fruits and vegetables.

Deduction in respect of Industrial undertaking located in integrated business of ladling,storage and transportation of food grains.

Deduction in respect of Industrial undertaking located in operating and maintaining a rural hospital.

Deduction in respect of Industrial undertaking located in operating and maintaining a rural hospital in any area,other than excluded area.

80-IC- IE

Deduction in respect of industrial Undertaking located in Sikkim, himachal pradesh,Uttaranchal ,North-East – Assam,Arunachal Pradesh,Manipur,

Mizoram,Megalaya,Nagalan,Tripura.

Schedule 80G :- any assesses or taxpayer paid a amount in donation and get receipt of donation with PAN no. give a Compulsory to get this benefit in income tax return. If any assesses or taxpayer Paid a Donation amount above 10,000/- to Compulsory Paid a Cheque or D.D. any people donate amount in colleges, Trust, University,etc.. religions place or education donation to get PAN No. and full address with Certificate of 80-G. This donation deduction in 50% or Gross incomes 10% both are high value deduction in income tax. after completed fill up this schedule to click on validate.

 More Details Deduction 80-G.

Schedule VIA :-  any assesses or taxpayer invest or expense to many expenses deduction in income tax. as under see the every section.taxpayer paid a Lic Premium,Tuition Fee, Education Loan Interest,Housing Loan Interest,Mediclaim, Infrastructure Bond,invest in NPS Scheme, Sukanya Yojana,Rajiv Gandhi Equity Saving Scheme, Provident Fund,Public Provident Fund,Graduaty, etc.. expenses allow to deduction in income tax. income tax deduction limit is A.Y.2015-16 is 1Lakhs but now increase this limit to 1.5Lakhs + National Pension Scheme invest in 50,000/- =1,50,000/- + Paid Mediclaim Premium Limit of 25,000/-= Total Deduction limit of 1,75,000/-. See the as under image :- Save Tax Save Money. Details of Deduction in Income-tax

Schedule SPI-SI :- any assesses or taxpayer earn income from Spouse income or Minor children earn income to assesses shown here. if assesses wife not allotted a PAN No. to spouse income treated taxpayers (husband) income to shown here. after completed fill up this schedule to click on validate.

Schedule EI :- any assesses or taxpayer earn income but some income exempt in income tax like Share Dividend (only Listed or Non-listed Companies share), Bank Interest, paid Share Transaction Tax, Long term Capital Gains Paid securities transaction tax, Central government Paid Tax, exempt in this schedule. after completed fill up this schedule to click on validate.

Schedule PTI :- any assesses or taxpayer joint to carry invest in business or trust fund to give a details of  like Total fixed assets value, House property value,PAN No. of Business trust or Investment Funds. As Per see the below Images :-

Schedule FSI :- any assesses or taxpayer earn income from outside in India. any people job in out of India and earn from Salary, House Rent,Business sharing profit, Capital gains,Share trading, etc... give a details like Country Code, Taxpayer Identification Code, and which type earn income head, as per see the below image :-

Schedule TRA_FA :- any assesses or taxpayer earn income from outside in India give as under details of Bank accounts, fixed assets, business details, This schedule is made by any assesses or taxpayer a NRi or earn income from outside in India to give a details as under the :-

Details of Tax relief claimed

Details of foreign assets and income from any sources outside in India.

Details of financial interest in any entity held at any time during the previous year.

Details of immovable property held at any time during the previous year.

Details of any other Capital held assets at any time during the previous year.

Details of accounts in which you have signing authority held at any time during the previous year.

Details of trust,create under the laws of a country outside in India in which you are a trustee beneficiary or settler.

Details of any other income derived from any source outside India.which is not include in item, Income under the head business or profession.

 As below see the image

Schedule AL :- any assesses or taxpayer earn yearly income above 50Lakhs or Total assets or liability above 50Lakhs to give a details immovable property like, House, land,Building, etc.. involve in definition of immovable property or movable property like jewellery,Vehicle,Boat,aircraft,Cash in hand,etc.. involve in  definition of movable property

Schedule SCH5A :- any assesses or taxpayer not compulsory this schedule if this schedule is Portuguese civil code in spouse income in governed.

 

after completed fill up this schedule to click on validate
.

all are process completed after know how to Calculate Income tax.

How to Calculate income tax in Excel Utility Software :- All assesses or taxpayer fill up Excel utility software in all schedule then most of question how to process to Calculate the income tax and How to Generated XML File. now, we are started lean calculate income tax. first assesses come to Schedule of  PART A-General and see the right side 9 types button. See the Calculate button on click the process start to calculate income tax. 

Income tax calculate  if payable income tax to Download Income Tax Challan/280 No., if not payable to income tax to start Generated XML file Process. any assesses or taxpayer learn to how to generated XML file in excel utility software.we are started learn to Generated XML file.First Come to Schedule of  PART-A General and see the right side 9 types button. see the Generated XML button on Click the process start to Generated XML file.

where is  Generated XML file in Computer/Laptop :-  all assesses  or taxpayer create a if generated XML file so where is  XML file in computer or laptop. First you think all  assesses or taxpayer to where is download excel utility file in computer or laptop. then there is same place generated XML file in name of your PAN No. Like File name is AAAAA0987A.XML. This is your XML file.

Upload Itr Return e filing online

Related Links :-

TRACK YOUR INCOME TAX REFUND

ITR RETURN FORM ONLINE UPLOAD

CORRECTION OR CHANGES IN PAN CARD HARD COPY

About Author :Ketankumar Accountingwale

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