How to Prepared Online Income Tax Return ITR-3
INDIAN INCOME TAX RETURN
[For indls and HUFs having income from a proprietary business or profession]
(Please see Rule 12 of the Income
Tax-Rules,1962)
(Also see attached Instructions)
(Also see attached Instructions)
You are reading Income tax Act,1961. You are reading Online efiling Income tax return forms in easy and simple step b self. You are reading the Procedure of online fill up Income Tax Return. all
assesses or taxpayer want to guide about Income Tax Return Form online filed by taxpayer. now a days, very
simple and easy step with instruction to prepared Online Income tax Return Form (ITR-3) in Excel utility software
and generated XML file and upload Online Income tax Return in income tax web-portal. any taxpayer or taxable person want to know about Online Income tax return. Here, we are provide to some basic instruction
to help for an assesses and taxpayer. As
under read guidelines for introduce the Online Income Tax return Prepared (ITR-3) ITR Form -3 in excel utility file or PDF file. First
taxpayer want to filed Online Income tax Return (ITR) online by self. Before Prepared Online Income tax Return, Give a some basic details As under. like, PAN
Card, Bank Statement or Passbook, 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 Income, Brock rage Income,etc.. ..Plant Machinery Rent Income,Factory Shed Rent Income,
Vehicle Rent Income,etc.... it's all are Income is called a Income from other sources. Here, You are reading Online Procedure of efiling Income tax return form.
Who is Liable to e filing Income Tax Return - ITR-3 ?
ITR-3 Means Only Proprietary Business taxpayer or Professional Business taxpayer liable to filing ITR-3. As under Read the Some Instruction about before fill up Income Tax Utility Software.
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 or a Hindu Undivided Family who is carrying out a proprietary business or profession.
3. 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 electronically under digital signature;
(ii) by transmitting the data in the return electronically under electronic verification code;
(iii) by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return
Form ITR-V.
Filling out the acknowledgement ( Receipt of Income Tax Return)
Where the Return Form is furnished in the manner mentioned at 4(iii), the assessee should print out two copies of Form ITR-V.
One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to Post Bag No. 1, Electronic City Office,
Bengaluru–560100 (Karnataka). The other copy may be retained by the assessee for his record.
BRIEF SCHEME OF THE LAW- Before filling out the form, you are advised to read the following Instruction -
(1) Computation of total income - Calculation of Total Income in this Year 2016-17
(a) “Previous year” is the financial year (1st April to the following 31st March) during which the income in question has been earned. “Assessment Year” is the financial year immediately following the previous year.
(b) Total income is to be computed as follows, in the following order:
(i) Classify all items of income under the following heads of income-
(A) Salaries; (B) “Income from house property”; (C) “Profit and gains from business or
profession”; (D) “Capital gains”; and (E) “Income from other sources”. [There may be no income under one or more of the heads at (A), (B), (D) and (E)].
(ii) Compute taxable income of the current year (i.e., the previous year) under each head of income separately in the Schedules which have been structured so as to help you in making these computations as per provisions of the Income-tax Act. These statutory provisions decide what is to be included in your income, what you can claim as an expenditure or allowance and how much, and also what you cannot claim as an expenditure/allowance.
Set off current year’s head-wise loss(es) against current year’s head-wise income(s) as per procedures prescribed by the law. A separate Schedule is provided for such set-off.
(iv) Set off, as per procedures prescribed by the law, loss(es) and/or allowance(s) of earlier assessment year(s) brought forward. Also, compute loss(es) and/or allowance(s) that could be set off in future and is (are) to be carried forward as per procedures prescribed by the law.
Separate Schedules are provided for this.
(v) Aggregate the headwise end-results as available after (iv) above; this will give you “gross total income”.
(vi) From gross total income, subtract, as per procedures prescribed by the law, “deductions” mentioned in Chapter VIA of the Income-tax Act. The result will be the total income. Besides, calculate agricultural income for rate purposes.
Computation of income-tax, surcharge, education cess including secondary and higher education cess and interest in respect of income chargeable to tax.
(a) Compute income-tax payable on the total income. Special rates of tax are applicable to some specified items. Include agricultural income, as prescribed, for rate purposes, in the tax computation procedure.
(b) If income includes income of the nature referred to in section 115BBE, surcharge @25% on such income is chargeable. If total income exceeds Rs. 1 crore, calculate surcharge on (total income minus income chargeable u/s 115BBE) at the rate of 15%.
(c) Add Education cess including secondary and higher education cess as prescribed on the tax payable and surcharge thereon.
(d) Claim relief(s) as prescribed by the law, on account of arrears or advances of salary received during the year or of double taxation and calculate balance tax payable.
(e) Add interest payable as prescribed by the law to reach total tax and interest payable.
(f) Deduct the amount of prepaid taxes, if any, like “tax deducted at source”, “advance-tax” and “self assessment-tax”.The result will be the tax payable (or refundable).
(a) Every individual and HUF has to furnish the return of his income if his total income before allowing deductions under section 10A or section 10B or section 10BA or Chapter VI-A (i.e., if his gross total income referred to in item 10 of Part B-TI as increased by item 6 of Schedule 10A, item f of Schedule 10A and item f of Schedule 10A of this Form) exceeds the maximum amount which is not chargeable to income tax [Rs. 2,50,000/- in case of individuals below the age of 60 years and HUF, and Rs. 3,00,000/- in case of individuals who are of the age of 60 years or more but less than eighty years at any time during the financial year, and Rs. 5,00,000/- in the case of individuals who are of the age of 80 years or more at any time during the financial year].
(b) The losses, if any, (item-18 of Part B-TI of this Form) shall not be allowed to be carried forward unless the return has been filed on or before the due date.
(c) The deduction under sections 10A, 10B, 80-IA, 80-IAB, 80-IB and 80-IC shall not be allowed unless the return has been filed on or before the due date.
The Scheme of this form follows the scheme of the law as outlined above in its basic form. The Form has been divided into two parts. It also has thirty-four schedules. The details of these parts and the schedules are as under:-
(i) Part-A has five sub-divisions as under Part A-GEN mainly seeks general information requiring identificatory and other data;
b. Part A-BS seeks the balance sheet as on 31st March, 2017;
c. Part A-P&L seeks information regarding the Profit and loss account for the financial year 2016-17;
d. Part A-OI seeks other information. It is optional in a case not liable for audit under section 44AB
e. Part A-QD seeks information regarding quantitative details of the principal item of goods traded. It is optional in a case not liable for audit under section 44AB.
(ii) The second part, i.e, Part-B is regarding an outline of the total income and tax computation in respect of income chargeable to tax..
(iii)After Part B, there is –
(a) A space for a statutory verification.
(b) A space for filling the details if the return has been prepared by a Tax Return Preparer.
(iv)There are 34 schedules details of which are as under-
(a) Schedule-S: Computation of income under the head Salaries.
(b) Schedule-HP: Computation of income under the head Income from House Property.
(c) Schedule-BP: Computation of income under the head “profit and gains from business or profession”.
(d) Schedule-DPM: Computation of depreciation on plant and machinery under the Income-tax Act.
(e) Schedule DOA: Computation of depreciation on other assets under the Income-tax Act.
(f) Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act.
(g) Schedule DCG: Computation of deemed capital gains on sale of depreciate assets.
(h) Schedule ESR: Deduction under section 35 (expenditure on scientific research)
(i) Schedule-CG: Computation of income under the head Capital gains.
(j) Schedule-OS: Computation of income under the head Income from other sources.
(k) Schedule-CYLA: Statement of income after set off of current year’s losses
(l) Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
(m) Schedule- CFL: Statement of losses to be carried forward to future years.
(n) Schedule- UD: Statement of unabsorbed depreciation.
(o) Schedule- ICDS: Statement of effect of income computation disclosure standards on profit.
(p) Schedule- 10A: Computation of deduction under section 10A.
(q) Schedule- 10AA: Computation of deduction under section 10AA.
(r) Schedule- 80G: Details of donation entitled for deduction under section 80G.
(s) Schedule- 80IA: Computation of deduction under section 80IA.
(t) Schedule- 80IB: Computation of deduction under section 80IB.
(u) Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.
(v) Schedule-VI-A: Statement of deductions (from total income) under Chapter VIA.
(w) Schedule AMT: Computation of Alternate Minimum Tax payable under section 115JC.
(x) Schedule AMTC: Computation of tax credit under section 115JD.
(y) Schedule SPI: Statement of income arising to spouse/ minor child/ son’s wife or any other person or association of persons to be included in the income of assessee in Schedules-HP, BP, CG and OS.
(z) Schedule-SI: Statement of income which is chargeable to tax at special rates.
(aa) Schedule-IF: Information regarding partnership firms in which assessee is a partner.
(bb) Schedule-EI: Statement of Income not included in total income (exempt incomes).
(cc) Schedule-PTI: Statement of income from Business Trust or Investment Fund as per section 115UA,115UB.
(dd) Schedule-FSI: Details of Income accruing or arising outside India.
(ee) Schedule-TR: Statement of tax relief claimed under section 90 or section 90A or section 91.
(ff) Schedule-FA: Statement of Foreign Assets and Income
(gg) Schedule-5A: Statement of apportionment of income between spouses governed by Portuguese Civil Code.
(hh) Schedule-AL: Statement of your Asset and Liability at the end of the year. It is mandatory if your total income exceeds Rs.50 lakh
As under Read the Brief Description with Correct and simple method with Images to Know "How to Prepared ITR-3 for Online e filing Income tax Return 2016-17.
Who is Liable to e filing Income Tax Return - ITR-3 ?
ITR-3 Means Only Proprietary Business taxpayer or Professional Business taxpayer liable to filing ITR-3. As under Read the Some Instruction about before fill up Income Tax Utility Software.
Instructions for filling out FORM ITR-3
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 or a Hindu Undivided Family who is carrying out a proprietary business or profession.
3. 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 electronically under digital signature;
(ii) by transmitting the data in the return electronically under electronic verification code;
(iii) by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return
Form ITR-V.
Filling out the acknowledgement ( Receipt of Income Tax Return)
Where the Return Form is furnished in the manner mentioned at 4(iii), the assessee should print out two copies of Form ITR-V.
One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to Post Bag No. 1, Electronic City Office,
Bengaluru–560100 (Karnataka). The other copy may be retained by the assessee for his record.
BRIEF SCHEME OF THE LAW- Before filling out the form, you are advised to read the following Instruction -
(1) Computation of total income - Calculation of Total Income in this Year 2016-17
(a) “Previous year” is the financial year (1st April to the following 31st March) during which the income in question has been earned. “Assessment Year” is the financial year immediately following the previous year.
(b) Total income is to be computed as follows, in the following order:
(i) Classify all items of income under the following heads of income-
(A) Salaries; (B) “Income from house property”; (C) “Profit and gains from business or
profession”; (D) “Capital gains”; and (E) “Income from other sources”. [There may be no income under one or more of the heads at (A), (B), (D) and (E)].
(ii) Compute taxable income of the current year (i.e., the previous year) under each head of income separately in the Schedules which have been structured so as to help you in making these computations as per provisions of the Income-tax Act. These statutory provisions decide what is to be included in your income, what you can claim as an expenditure or allowance and how much, and also what you cannot claim as an expenditure/allowance.
Set off current year’s head-wise loss(es) against current year’s head-wise income(s) as per procedures prescribed by the law. A separate Schedule is provided for such set-off.
(iv) Set off, as per procedures prescribed by the law, loss(es) and/or allowance(s) of earlier assessment year(s) brought forward. Also, compute loss(es) and/or allowance(s) that could be set off in future and is (are) to be carried forward as per procedures prescribed by the law.
Separate Schedules are provided for this.
(v) Aggregate the headwise end-results as available after (iv) above; this will give you “gross total income”.
(vi) From gross total income, subtract, as per procedures prescribed by the law, “deductions” mentioned in Chapter VIA of the Income-tax Act. The result will be the total income. Besides, calculate agricultural income for rate purposes.
Computation of income-tax, surcharge, education cess including secondary and higher education cess and interest in respect of income chargeable to tax.
(a) Compute income-tax payable on the total income. Special rates of tax are applicable to some specified items. Include agricultural income, as prescribed, for rate purposes, in the tax computation procedure.
(b) If income includes income of the nature referred to in section 115BBE, surcharge @25% on such income is chargeable. If total income exceeds Rs. 1 crore, calculate surcharge on (total income minus income chargeable u/s 115BBE) at the rate of 15%.
(c) Add Education cess including secondary and higher education cess as prescribed on the tax payable and surcharge thereon.
(d) Claim relief(s) as prescribed by the law, on account of arrears or advances of salary received during the year or of double taxation and calculate balance tax payable.
(e) Add interest payable as prescribed by the law to reach total tax and interest payable.
(f) Deduct the amount of prepaid taxes, if any, like “tax deducted at source”, “advance-tax” and “self assessment-tax”.The result will be the tax payable (or refundable).
Obligation to file return
(a) Every individual and HUF has to furnish the return of his income if his total income before allowing deductions under section 10A or section 10B or section 10BA or Chapter VI-A (i.e., if his gross total income referred to in item 10 of Part B-TI as increased by item 6 of Schedule 10A, item f of Schedule 10A and item f of Schedule 10A of this Form) exceeds the maximum amount which is not chargeable to income tax [Rs. 2,50,000/- in case of individuals below the age of 60 years and HUF, and Rs. 3,00,000/- in case of individuals who are of the age of 60 years or more but less than eighty years at any time during the financial year, and Rs. 5,00,000/- in the case of individuals who are of the age of 80 years or more at any time during the financial year].
(b) The losses, if any, (item-18 of Part B-TI of this Form) shall not be allowed to be carried forward unless the return has been filed on or before the due date.
(c) The deduction under sections 10A, 10B, 80-IA, 80-IAB, 80-IB and 80-IC shall not be allowed unless the return has been filed on or before the due date.
SCHEME OF THE FORM
The Scheme of this form follows the scheme of the law as outlined above in its basic form. The Form has been divided into two parts. It also has thirty-four schedules. The details of these parts and the schedules are as under:-
(i) Part-A has five sub-divisions as under Part A-GEN mainly seeks general information requiring identificatory and other data;
b. Part A-BS seeks the balance sheet as on 31st March, 2017;
c. Part A-P&L seeks information regarding the Profit and loss account for the financial year 2016-17;
d. Part A-OI seeks other information. It is optional in a case not liable for audit under section 44AB
e. Part A-QD seeks information regarding quantitative details of the principal item of goods traded. It is optional in a case not liable for audit under section 44AB.
(ii) The second part, i.e, Part-B is regarding an outline of the total income and tax computation in respect of income chargeable to tax..
(iii)After Part B, there is –
(a) A space for a statutory verification.
(b) A space for filling the details if the return has been prepared by a Tax Return Preparer.
(iv)There are 34 schedules details of which are as under-
(a) Schedule-S: Computation of income under the head Salaries.
(b) Schedule-HP: Computation of income under the head Income from House Property.
(c) Schedule-BP: Computation of income under the head “profit and gains from business or profession”.
(d) Schedule-DPM: Computation of depreciation on plant and machinery under the Income-tax Act.
(e) Schedule DOA: Computation of depreciation on other assets under the Income-tax Act.
(f) Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act.
(g) Schedule DCG: Computation of deemed capital gains on sale of depreciate assets.
(h) Schedule ESR: Deduction under section 35 (expenditure on scientific research)
(i) Schedule-CG: Computation of income under the head Capital gains.
(j) Schedule-OS: Computation of income under the head Income from other sources.
(k) Schedule-CYLA: Statement of income after set off of current year’s losses
(l) Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
(m) Schedule- CFL: Statement of losses to be carried forward to future years.
(n) Schedule- UD: Statement of unabsorbed depreciation.
(o) Schedule- ICDS: Statement of effect of income computation disclosure standards on profit.
(p) Schedule- 10A: Computation of deduction under section 10A.
(q) Schedule- 10AA: Computation of deduction under section 10AA.
(r) Schedule- 80G: Details of donation entitled for deduction under section 80G.
(s) Schedule- 80IA: Computation of deduction under section 80IA.
(t) Schedule- 80IB: Computation of deduction under section 80IB.
(u) Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.
(v) Schedule-VI-A: Statement of deductions (from total income) under Chapter VIA.
(w) Schedule AMT: Computation of Alternate Minimum Tax payable under section 115JC.
(x) Schedule AMTC: Computation of tax credit under section 115JD.
(y) Schedule SPI: Statement of income arising to spouse/ minor child/ son’s wife or any other person or association of persons to be included in the income of assessee in Schedules-HP, BP, CG and OS.
(z) Schedule-SI: Statement of income which is chargeable to tax at special rates.
(aa) Schedule-IF: Information regarding partnership firms in which assessee is a partner.
(bb) Schedule-EI: Statement of Income not included in total income (exempt incomes).
(cc) Schedule-PTI: Statement of income from Business Trust or Investment Fund as per section 115UA,115UB.
(dd) Schedule-FSI: Details of Income accruing or arising outside India.
(ee) Schedule-TR: Statement of tax relief claimed under section 90 or section 90A or section 91.
(ff) Schedule-FA: Statement of Foreign Assets and Income
(gg) Schedule-5A: Statement of apportionment of income between spouses governed by Portuguese Civil Code.
(hh) Schedule-AL: Statement of your Asset and Liability at the end of the year. It is mandatory if your total income exceeds Rs.50 lakh
As under Read the Brief Description with Correct and simple method with Images to Know "How to Prepared ITR-3 for Online e filing Income tax Return 2016-17.

First
Download itr 3 Excel utility software in excel file download.Click here to download Excel UtilityFile :- the 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 :- In Part-A is very Imported Column for all Taxpayer. Personal Information about assesses like
Full name, PAN Number,Date of birth, Full address,City,
District,State,Country,Sex,Pin Code, Registered email address, registered
mobile no.,Status,Aadhar Card No.(if you have,),Income tax
ward/circle/,Resident,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.
Part B-TI-T TI :- 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.
PART 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, deducted 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.
Salary :- This schedule is get
details of Salary income. if assesses earn main income in 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 dividend 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.
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 Visit here.
Long term Capital Gains :- More
details Visit here.
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 Long 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.
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 Click here
:-
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,Brock rage, Share Dividend, Bank Share Dividend,Brokerage (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 :-
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.
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, Provided 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
:-
Click here Know More Details Income tax Deduction Under Section VI-A
Scheudle SPI-SI :- any assesses or taxpayer earn income from Spouse income or Minor children earn income to assesses shown here. if assess 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.
Scheudle SPI-SI :- any assesses or taxpayer earn income from Spouse income or Minor children earn income to assesses shown here. if assess 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
Scheudle
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 jewelry,Vehicle,Boat,aircraft,Cash in hand,etc.. involve in definition of movable property
Scheudle
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. See the Income tax calculation
Income
tax calculate if payable income tax to Download Income tax Challan 281 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.
How to Upload XML
file In Income tax Department. Click Here : Upload Income tax return online
Know Your Jurisdiction Code know your Jurisdiction Code
Register Your PAN No. in Income tax Site :- Register Your PAN For e filing Income tax return
Know Your Jurisdiction Code know your Jurisdiction Code
Register Your PAN No. in Income tax Site :- Register Your PAN For e filing Income tax return
Useful Links :-
Income Tax Related Links :-
utility programming and produced XML record and transfer Online Income expense form in wage impose web-based interface. any citizen or assailable individual need to think about Online Income expense form. Here, we are give to some fundamental guidance to help for an evaluates and citizen. As under read rules for present the Online Income Tax return Prepared. I'm working apply new pan card company by means of a procedure that is totally on the web. Thus, on the off chance that you are an Indian and considering how to apply for PAN card.
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