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  Vatsala Shenoy vs. JCIT (Supreme Court)
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 ITO vs. Vikram A. Pradhan (ITAT Mumbai)

Income tax (11th Amendment) Rules prescribing changes to form no. 3A return
October, 30th 2006
 
Page 1
NOTIFICATION NO.288/2006
Dated : October 19, 2006
In exercise of powers conferred by 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. (1)
These rules may be called the Income-tax (11
th
Amendment) Rules, 2006.
(2)
They shall come into force from the date of their publication in the Official Gazette.
2. In the Income-tax Rules, 1962, -
(a)
in rule 6AB, for the words, figure and letter Form No, 3B, the words, figure and letters Form No.
3AE shall be substituted;
(b)
in rule 12, in sub-rule (1), -
(i)
in the opening portion, for the words, brackets, figures and letter sub-section (4C) of
section 139, the words, brackets, figures and letters sub-section (4C) of section 139 or
sub-section (4D) of section 139 shall be substituted;
(ii)
in clause, (e), for the words, brackets, figures and letter sub-section (4C) of section 139,
the words, brackets, figures and letters sub-section (4C) of section 139 or sub-section (4D)
of section 139 shall be substituted;
(c)
in APPENDIX II,-
(i)
for Form No.3A*, the following Form shall be substituted, namely:-
FORM No. 3A
ITS-3A
[See rule 12 of Income-tax Rules, 1962]
RETURN OF INCOME AND THE RETURN OF FRINGE BENEFITS
For persons including companies required to furnish return under
section 139(4A) or under section 139(4C) or under section 139(4D)
ACKNOWLEDGEMENT For
Office use only
■ Please follow instructions and fill in relevant Schedules.
■ PAN must be quoted.
Receipt No.
Date
■ Use block letters only.
.
.
Seal and Signature of
PART-A
Receiving Official
GENERAL
1. PERMANENT ACCOUNT NUMBER (PAN)
2. NAME (As mentioned in deed of creation/establishing/incorporation/formation)
3.
ADDRESS
(Flat No./Door/House No.,
Premises, Road, Locality)
Pin
Telephone
Fax, if
any
4.
Date of formation (DD-MM-YYYY)
-
-
5. Status*
6.
e-mail ID:
7.
Is there any change in Address?
Yes
No
8.
Number and Date of registration
and
-
-
under section 12A(a)
9.
If claiming exemption under section 10:
(i)
Mention the clause(s) and sub-clause(s)
(ii)
Date of notification/approval, if any
-
-
(iii)
Period of validity
-
-
To
-
-
10. Whether liable to tax at maximum marginal rate under section 164
Yes
No
11.
Ward/Circle/Range
12. Assessment Year
-
13. Residential Status*
14.
If there is change in jurisdiction, state old Ward/Circle/Range
15.
Section under which this return is being filed**
Return of Income
Return of fringe benefits
16. Whether Original
or Revised Return
If revised, Receipt No. and date of filing
and
-
-
original return.
17. Is this your first return?
Yes
No
*Fill in code as mentioned in instructions.
**Please fill the relevant Code: Return of Income-
Sec.139-
1 1
, Sec. 142-
1 2
, Sec.148-
1 3
Return of fringe benefits Sec. 115WD(1)-
2 1
, Sec.115WD(2)- 2 2 , Sec. 115WH-
2
3
PART-B
(a) Computation of total income
18. Income from house property [Sch.-(F-1A)]
360
19. (i) Profits and gains of business or profession [Sch.-(F-1B)]
595
(ii) Profits and gains from transactions chargeable to
597
securities transaction tax included in (i) above
(Sch.-(B-26(ii)]
20.
Capital gains
(a) Short-term (under section 111A) [Sch.-F-1C(i)]
710
(b) Short-term (others) [Sch.-F-1C(ii)]
704
(c) Long-term [Sch.-F-1C(iii)]
705
21. Income from other sources [Sch.-F-1D]
499
22. Deemed income under section 11 [F-4(iv)]
736
23. Total [(18)+(19)+(20)+(21)+(22)]
761
24. Less: Exempt income [Sch.-F3(viii)]
731
25. Income chargeable under section 11(4) [Sch.-B(34)]
596
26. Total income [(23) (24)+(25)]
761
In words
(b) Statement of taxes on total income
27. Net agricultural income [Sch.F-9]
762
28. Tax on total income [Sch.G-2]
811
29. Rebate under section 88E [Sch.G-3]
818
30. Surcharge [Sch.G-5]
828
31. Education Cess [Sch.G-7]
834
32. Tax + Surcharge + Education Cess [Sch.G-8]
835
33. Tax deducted/Collected at source [Sch.G-12B]
873
34. Advance tax paid [Sch.G-12A]
862
35. Self-assessment tax paid [Sch.G-12C]
888
36. Balance tax payable [(32) (33) (34) (35)]
145
37.
Interest payable under section 234A/234B/234C [Sch.G-10]
846
38. Tax and interest payable [Sch.G-14]
891
39. Refund due, if any [Sch.G-15]
894
PART-C
Computation of fringe benefits and tax thereon (if applicable)
1.
Value of fringe benefits for first quarter
8500
2.
Value of fringe benefits for second quarter
8501
3.
Value of fringe benefits for third quarter
8502
4.
Value of fringe benefits for fourth quarter
8503
5.
Value of total fringe benefits (Sch.-M)
8504
6.
Fringe benefit tax payable [30% of (5)]
8505
7.
Surcharge on (6)
8506
8.
Education Cess on [(6) + (7)]
8507
9.
Total fringe benefit tax payable [(6) + (7) + (8)]
8508
10. Advance fringe benefit tax paid (Sch.-N)
8509
11.
Balance tax payable [(9) (10)]
8510
12. Interest under section 115WJ
8511
13. Interest under section 115WK
8512
14. Self-assessment tax paid (Sch.-O)
8513
15. Balance tax payable/refundable [(11)+(12)+(13)-(14)]
8550
Number of documents/statements attached
Description
In figures
In words
Description
In figures
In words
a. TDS Certificates
f.
Applications for
exercising options
under section 11(1)
b. Audit report in Form
No. 10B
g.
Form 10DB/10DC
c.
Audit report in Form
No.10BB
h. Income/expenditure
account and balance
sheet
d. Audit Report under
section 44AB
i.
Others
e.
Form No.10 for
exercising options
under section 11(2)
VERIFICATION
I, _______________________________________ (full name in block letters), son/daughter of _________________________
solemnly declare that to the best of my knowledge and belief, the information given in this return and the schedules,
statements, etc., accompanying it is correct and complete and that the amount of total income/fringe benefits and
other particulars shown therein are truly stated and are in accordance with the provisions of the Income-tax Act,
1961, in respect of income/fringe benefits chargeable to income-tax for the previous year relevant to the assessment
year ____________. I further declare that I am making this return in may capacity as ____________ and I am also
competent to make this return and verify it.
Date: .
Place:
Name and Signature
SCHEDULE A. Income from house property
In case of more than one house property, compute the income from each property on a separate sheet (to be attached
to the return) and mention the aggregate figure against item No.16
1. Number of sheets
301
(in case of more than one property
Sheet No.
302
2.
Address of the property
(Flat No./Door/House No.,
Premises, Road, Locality/Village,
Town/District, State/Union
Territory in that order)
Pin
3.
State whether the above-mentioned property is
303 Self-occupied
or Let out
or Unoccupied
(Please tick as applicable)
4.
Built-up area (In square metre)
Area of land appurtenant (in square metre)
Annual lettable value
304
305
306
5.
Annual lettable value/Actual rent received or receivable
307
(whichever is higher)
6.
Less: Deduction claimed under section 23
(a) Taxes actually paid to local authority
(b) Unrealised rent
(c) .
7.
Total of 6 above
312
8.
Balance {(5)-(7)]
313
9.
Less: Deductions claimed under section 24
(a) 30% of Annual value
321
(b) Interest on capital borrowed
322
10. Total of 9 above
325
11.
Balance [(8) (10)]
330
12.
Unrealised rent received in the year under section 25A and/
331
or 25AA
13.
(a) Amount of arrears of rent received in the year under
332
section 25B
(b) Less: Deduction admissible under section 25B (30% of
333
arrear rent received)
14.
Income chargeable under section 25B [13(a) 13(b)]
340
15.
Balance [(11)+(12)+(14)]
341
16.
Total of 15 (in case of more than one property,
350
give total of all sheets)
17.
Income chargeable under the head Income from house
399
property (16)
SCHEDULE B: Profits and gains of business or profession
(I) General
1.
Nature of business or profession: Manufacturing
503
Trading
502
Manufacturing-cum-trading
503
Service
504
Profession 505
Others
506
2.
Number of branches
Attach list with full address(es)
.
.
3.
Method of accounting
507
Mercantile
Cash
4.
Is there any change in method of accounting?
Yes
No
5.
If yes, state the change
.
.
6.
Method of valuation of stock
7.
Is there any change in stock valuation method?
Yes
No
8.
If yes, state the change:..
9.
Are you liable to maintain accounts as per section 44AA?
Yes
No
10. Are you liable to tax audit under section 44AB(a)/(b)?
Yes
No
11.
Are you liable to tax audit under section 44AB(c) read with section
Yes
No
44AD/44AE/44AF?
12.
If answer to Item 10 or 11 is yes, have you got the accounts audited
Yes
No
before the specified date?
13.
If yes, whether audit report is furnished?
Yes
No
If yes, give Receipt No. . and date of filing the same (also attach a copy)
-
-
(II) Computation of income from business or profession other than speculation business
(In case you have more than one business or profession and maintain separate books of account, attach separate
sheet(s) giving computation for each such business or profession and show the aggregate figures against various items)
14.
Net profit or loss as per consolidated profit and loss amount
510
15.
Add: Adjustment on account of change in method of
511
accounting and/or valuation of stock
For assesses having income covered under section
44AD/44AE/44AF:-
16.
(i) Add/Deduct-profit/loss of business(es) included in item 14
under section indicated below, if answer to any of item 9, 11, 12
or 13 above is No.
(a) for section 44AD
513
(b) for section 44AE
514
(c) for section 44AF
515
Total
521
(ii) In case you were engaged in the business of civil construction
or supply of labour for civil construction mentioned in section
44AD:
(a) Gross receipts
522
(b) Net profit @ 8% of gross receipt
523
(c) Add: Higher of the amounts mentioned in (i)(a) and
524
(ii)(b) above
(iii) In case you owned not more than ten goods carriages and
were engaged in the business of plying, hiring or leasing of such
carriages as mentioned in section 44AE:
Number of Vehicles/
Carriages
Number of months
during which owned
Deemed profit under
section 44AE
(a) heavy goods vehicle
(b) other goods carriages
Total
(c) Add: Higher of the amounts mentioned in (i)(b) above
530
and the amount determined above as deemed profit under
section 44AE
(iv) In case you were engaged in the business of retail trade in any
goods or merchandise, the total turnover on account of which did
not exceed forty lakh rupees, as mentioned in section 44AF:
(a) Total turnover on account of such business
532
(b) Deemed profit at rate of 5% of turnover
533
(c) Add: Higher of the amounts mentioned in 16(i)(c)
540
And 16(iv)(b)
17.
Deduct Amount of exempt income included in item 14, being:
(i) Share of income from firm(s) exempt under section 10(2A)
542
(ii) Share of income from AOP/BOI
543
(iii) Any other income exempt from tax (specify the section)
544
18. Is section 10A/10B/10C applicable?
Yes
No
If yes, have you opted out by filing declaration prescribed under
Yes
No
Section 10A(8)/10B(8)/10C(6)
If no, furnish the following information
Section
Year Number
Amount claimed deductible/not
includible in total income
Deduct: Amount as per item 18 above
552
19.
Add: Incomes specified in section 28(ii) to 28(vi) not included
560
in item 14
20.
Add: Deemed income not included in item 14 under sections 33AB, 33ABA, 35ABB, etc.
(i)
Section .
Amount ..
(ii)
Section .
Amount ..
(iii)
Section .
Amount ..
(iv)
Section .
Amount ..
Total
562
21. Deduct: Allowance under section 35A, 35AB, 35ABB, etc.
Section
Year No.
Installment
Amount debited in accounts
Amount allowable
Total
566
22.
Add: Adjustment on account of profit includible under section
570
44B, 44BB and 44BBA
23.
Add/deduct: Adjustments in accordance with sections 28 to 44DA, if any, necessary
Under section
Amount
..
..
..
..
..
..
Total
572
24.
Add/deduct: Adjustment on account of current depreciation
574
debited in books of account, and allowable as per the Act
25.
Add/deduct: Adjustment on account of scientific research
576
expenses under section 35(1)(iv)
26.
(i) Profits and gains of business or profession other than
578
speculation business
(ii) Profits and gains from the transactions chargeable to
597
securities transaction tax included in (i) above
(III) Computation of income from speculation business
27.
Speculation profit/loss
580
28.
Add/deduct: Net statutory adjustments
581
29.
Profits and gains from speculation business
582
30.
Deduct: Brought forward speculation loss, if any
587
31.
Net profits and gains from speculation business
589
32.
Income chargeable under the head profits and gains [26(i) + 31]
599
[Negative figure in item 31 not to be considered]
(IV) Computation of income chargeable to tax under section 11(4)
33.
Income as shown in the accounts of business undertaking
595
[refer section 11(4)]
34.
Income chargeable to tax under section 11(4)(32) (33)
596
SCHEDULE C: Capital Gains
Separate sheets may be used and attached to the return in case of more than one short-term/long-term asset. The
aggregate figure may be shown against item No.12
A. Short-term Asset
B. Long-term Asset
1.
Number of sheets
601
(in case of more than one asset only)
602
2.
Particulars of asset
603
653
transferred
3.
Date of acquisition
604
-
-
654
(DD-MM-YYYY)
4.
Date of Transfer
605
-
-
655
(DD-MM-YYYY)
5.
Mode of transfer
606
656
6.
Full value consideration
607
657
accrued or received
7.
Deductions under section 48
(i) cost of acquisition
609
659
(ii) cost of improvement
610
660
(iii) expenditure on transfer
611
661
8.
Total of 7 above
615
665
9.
Balance [(6) (8)]
616
666
10.
Exemption under section
620
675
11(1A)
11.
Balance [(9) (10)] [Please
640
690
specify short-term under
section 111A/others]
12.
Total of 11 (in case of more
641
691
than one short/long term asset,
give total of all sheets)
13.
Deemed short-term capital gain on depreciable assets (section 50)
643
14.
Income chargeable under the head Capital gains
A. Short-term
650
B. Long term
698
[(12)+(13)]
(12)
C. Short-term
650
D. Short-term
649
under section
(others)
111A included
(14A 14C)
in 14A
SCHEDULE D. Income from other sources
1.
Income other than from owning race horse(s):-
(a) Dividends
460
(b) Interest
461
(c)
Rental income from machinery, plants, buildings, etc.
462
(d) Voluntary contributions/donations including donations for
463
the corpus
(e)
Others
464
2.
Total of 1 above
470
3.
Deductions under section 57:-
(a) Depreciation .
(b)
(c)
4.
Total of 3 above
472
5.
Balance [(2) (4)]
473
6.
(a) Income from owning and maintaining race horses
474
(b) Deductions under section 57
475
7.
Balance income from owning and maintaining race horse(s)
476
[6(a)-6(b)]
8.
Winnings from lotteries, crossword puzzles, races, etc.
477
[see section 115BB]
9.
Income chargeable under the head Income from other
499
sources [(5) + (7) + (8)]
[Negative figure, if any, in item 7 shall not be considered here]
SCHEDULE E: Statement of set off of current years losses under section 71
Fill in this schedule only if there is loss from any of the following sources for set-off against income from any other
source; else, write N.A.
1.
Amount of loss arising from house property [see item A-17]
8700
2.
Amount of loss from business (excluding speculation loss)
8705
[see item B-26]
3.
Amount of loss from other sources (excluding loss from race
8710
horses) [see item D-5]
S.No.
Head/Source of
Income
Income of
previous
year
House
property
loss of the
previous
year set
off
Business loss
(other than
speculation loss) of
the previous year
set off
Other sources loss
(other than loss from
owning race horses)
of the previous year
set off
Current
years income
remaining
after set off
(i)
(ii)
(iii)
(iv)
(v)
1.
House Property
2.
Business (including
speculation profit)
3.
Short-term capital
gain
4.
Long-term capital
gain
5.
Other sources
(including profit
from owning race
horses)
Under column (i), write only the positive incomes from the
8720
heads/sources of income mentioned in rows (1) to (5)
Under columns (ii), (iii) and (iv) write the appropriate amount of loss against the head/source of income with which it
is set off.
SCHEDULE F. Statement of Total Income
1.
A. Income from house property [Sch.A-17 or E.1.(v)]
702
B. As per books of account Profits and gains of business or
703
profession [Sch. B-33 or E.2.(v)]
C. Capital gains
(i) Short-term under section 111A [Sch. C.14C]
710
(ii) Short-term (others) [Sch. C.14D]
704
(iii) Long-term [Sch. C.14B]
705
D. Income from other sources [Sch. D.9 or E.5.(v)]
706
2.
Total [(A) to (D)], i.e., Gross income
709
3.
Deduct:
(i) Amount applied to charitable or religious purposes in India
716
during the previous year
(ii) Amount deemed to have been applied to charitable or
717
religious purposes in India during the previous year -
clause (2) of the Explanation to section 11(1)
(iii) Amount accumulated or set apart/finally set apart for
718
application to charitable or religious purposes to the extent it does not
exceed 15 per cent of income derived from property held in trust
wholly or in part only for such purposes under 11(1)(a)
(iv) Amount eligible for exemption under section 11(1)(c)
719
(v) Amount eligible for exemption under section 11(1)(d)
720
(vi) Amount in addition to the amount referred to in (iii)
721
above accumulated or set apart for specified purposes if all the
conditions in section 11(2) are fulfilled
(vii) Income claimed exempt under section 10(), specify
clause/sub-clause
()
()
722
(viii) Total [(i) to (vii)]
730
4.
Add:
(i) Income chargeable under section 11(1B)
732
(ii) Income chargeable under section 11(3)
733
(iii) Income in respect of which exemption under section 11 is
734
not available by reason of provisions of section 13
(iv) Income chargeable under section 12(2)
735
(v) Total [(i)+(ii)+(iii)+(iv)]
736
5.
Add: Income from profits and gains of business or profession
741
chargeable to tax under section 11(4) [Sch.B.34]
6.
Gross total income [(2) - (3)+(4)+(5)]
740
7.
Deduction under Chapter VIA
747
8.
Total Income [(6)-(7)]
761
9.
Net Agricultural income for rate purpose
762
10. Income included in item 8 above chargeable at special rates/maximum marginal rates
Nature of Income
Section under
which chargeable
Amount of income
Rate of Tax
Amount of Tax
11. Total income chargeable at normal Rates
769
12. Total income chargeable at special Rates
768
13. Total income chargeable at maximum marginal rates
773
SCHEDULE G. Statement of taxes on total income
1.
Tax on total income
(a) At special rates
801
(b) At normal rates
802
(c) At maximum marginal rate
803
2.
Tax on total income [1(a)+1(b)+1(c)]
811
3.
Rebate under section 88E
(i) Tax on profits and gains from transactions chargeable to
816
securities transaction tax [item 26(ii) of Schedule B];
(ii) Amount of securities transaction tax paid (attach Form
817
10DB/10DC);
(iii) Rebate under section 88E [lower of (i)/(ii) above]
818
4.
Tax minus rebate under section 88E [(2) (3)(iii)]
819
5.
Surcharge [on (4) above]
828
6.
Tax + Surcharge
829
7.
Education Cess [on (6) above]
834
8.
Tax + surcharge + Education cess [(6) + (7)]
835
9.
Add interest for:
(a) Late filing of return under section 234A
842
(b) Default in payment of advance tax under section 234B
843
(c) Deferment of advance tax under section 234C
844
10. Total of items 9 above
846
11. Total tax and interest payable [(8) + (10)]
850
12. Prepaid taxes
A. Advance tax
Name of the
Bank Branch
BSR code of Bank
Branch (7 Digit)
Date of deposit
(DDMMYY)
Serial No. of
challan
Amount (Rs.)
Date of
Upto 15/9
16/9 to 15/12
16/12 to 15/03
16/03 to 31/03
Total
installment
858
859
860
861
862
Amount
B. Tax deducted/collected at source: [Attach certificate(s)]:
(a) .
(b) .
(c) .
Total of [(a) to (c)]
873
C. Tax on self-assessment
Name of the
Bank Branch
BSR code of Bank
Branch (7 Digit)
Date of deposit
(DDMMYY)
Serial No. of
challan
Amount (Rs.)
Total self-assessment tax paid
888
D. Other prepaid taxes, if any (Please specify and attach proof)
876
13. Total [12(A) + 12(B) + 12(C) + 12(D)]
878
14. Tax and interest payable [(11) (13)]
891
15. Refund due, if any [(13) (11)]
894
SCHEDULE H. General Information
1.
In case of change in address, please furnish new address (tick):
A. Residence
or B. Office
Flat/Door/Block No.
Name of Premises/Building/Village
Road/Street/Lane/Post Office
Area/Locality/Taluka/Sub-Division
Town/City/District
State/Union territory
Pin
2.
Particulars of Bank Account (Mandatory in Refund cases)
Name of the
Bank
MICR code (9 digit)
Address of
Bank Branch
Type of Account
(Savings/Current)
Account
Number
ECS
(Y/N)
3.
Income claimed exempt:
Nature of income
Amount (in Rs)
Reasons for claim
4.
If claiming exemption under sub-clause (iiiad) or (iiiae) or (vi) or (via) of
clause (23C) of section 10, state the amount of aggregate annual receipts
5.
State the nature of charitable or religious or educational or philanthropic objects/activities
6.
Are you assessed to wealth-tax?
Yes
No
(If yes, the wealth tax return should be filed along with this return)
SCHEDULE I. Details of amounts accumulated/set apart within the meaning of section 11(2) in the last eleven
years, viz., previous years relevant to the current assessment year and the ten preceding assessment years
Year of
accumulation
Amount
accumulated
Whether invested
in accordance
with the
provisions of
section 11(5)
Purpose of
accumulation
Amounts
applied
during
the year
Balance
amount
available
for
application
Amount deemed to
be income within
meaning of sub-
section (3) of section
11
SCHEDULE - J. Book Profits Under Section 115JB
1.
936
Net profit as shown in the profit and loss account for the relevant previous year
section 115JB(2)
2.
Adjustments (if any) - vide the first and second proviso to section 115JB(2)
937
3.
Adjustments - vide Explanation to section 115JB(2)
938
Nature of item
Add
Deduct
4.
Total adjustments [(2) + (3)]
939
5.
Balance book profit [(1) + (4)]
941
6.
7.5% of the book profit
942
SCHEDULE K. Statement showing the investment of all funds of the trust or institution as on the
last day of the previous year
Part A - Details of investment/deposits made under section 11(5) (may be given in a separate sheet if space is not sufficient)
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
Part B - Investments held at any time during the previous year(s) [in concern in which persons referred to in section 13(3) have a substantial
interest]
Sl.
No.
Name and
address of the
concern
Where the concern is a
company, No. and class
of shares
Nominal
value of the
investment
Income from
the
investment
Whether the amount in col. 4 exceeds 5 per
cent of the capital of the concern during the
previous year-say Yes/No
1
2
3
4
5
6
Total
Part C - Other investments as on the last day of the previous year(s)
Sl.
No.
Name and address of the concern
Where the concern is a company, class of
shares held
No. and nominal value of investment
1
2
3
4
SCHEDULE - L. Statement of particulars regarding the Author(s)/Founder(s)/Trustee(s)/ Manager(s), etc.,
of the Trust of Institution
1.
Name(s) of author(s)/founder(s)/and address(es), if alive
2.
Date on which the trust was created or institution established or
company incorporated
3.
Name(s) of the person(s) who was/were trustee(s)/Manager(s) during the previous year(s)
4.
Name(s) of the person(s) who has/have made substantial contribution of the trust/institution in terms of section 13(3)(b)
5.
Name(s) of relative(s) of author(s), founder(s), trustee(s), manager(s), and substantial contributor(s) and where any such author, founder,
trustee, manager or substantial contributor is a Hindu undivided family, also the names of the members of the family and their relatives
SCHEDULE M: Value of Fringe Benefits (if applicable)
Nature of expenditure
Amount/ Value of expenditure
Percentage
Value of fringe benefit
(i)
(ii)
(iii)
(iv) = (ii) x (iii) 100
1.
100
8551
Free or concessional tickets
provided for private journeys of
employees
or
their
family
members (The value in column (ii)
shall be the cost of the ticket to
the general public as reduced by
the amount, if any, paid by or
recovered from the employee).
2.
100
8552
Contribution to an approved
superannuation
fund
for
employees.
3.
Entertainment
20
8553
4(a).
20
8554
Hospitality in the business other
than the business of hotel.
4(b).
20
8555
Hospitality in the business of
hotel.
5.
20
8856
Conference (other than fee for
participation by the employees in
any conference)
6.
20
8857
Sale
promotion
including
publicity
(excluding
any
expenditure on advertisement
referred to in proviso to section
115WB (2) (D).
7.
Employees welfare
20
8558
8(a).
20
8559
Conveyance, tour and travel
(including foreign travel) in the
business other than the business
of construction, or in the business
of manufacture or production of
pharmaceuticals
or
computer
software.
8(b).
5
8560
Conveyance, tour and travel
(including
foreign
travel)
in
business of construction, or in the
business of manufacture or
production of pharmaceuticals or
computer software.
9(a).
20
8561
Use of hotel, boarding and lodging
facilities in the business other
than the business of manufacture
or production of pharmaceuticals
or computer software.
9(b).
5
8562
Use of hotel, boarding and lodging
facilities in the
business of
manufacture or production of
pharmaceuticals
or
computer
software.
10(a).
20
8563
Repair, running (including fuel),
maintenance of motor cars and
the
amount
of
depreciation
thereon in the business other
than the business of carriage of
passengers or goods by motor car.
10(b).
5
8564
Repair, running (including fuel),
maintenance of motor cars and
the
amount
of
depreciation
thereon in the business of
carriage of passengers or goods by
motor car.
11.
20
8585
Repair, running (including fuel)
and maintenance of aircrafts and
the
amount
of
depreciation
thereon in the business other
than the business of carriage of
passengers or goods by aircraft.
12.
20
8556
Use of telephone (including mobile
phone) other than expenditure on
leased telephone lines.
13.
20
8567
Maintenance of any accommodation
in the nature of guest house other
than
accommodation
used
for
training purposes.
14.
Festival celebrations.
50
8568
15.
50
8569
Use of health club and similar
facilities.
16.
Use of any other club facilities
50
8570
17.
Gifts
50
8571
18.
Scholarships.
50
8572
19.
Value of fringe benefits
[Total of Column (iv)]
50
8573
20.
(a)
Are you having employees based both in and outside India?
(If Yes write 1, and if No write 2)
8574
(b)
(If Yes write 1, and if No write 2)
8575
If yes, are you maintaining separate books of account for Indian and Foreign
operations?
(c)
If separate accounts are not maintained, -
(i) Number of employees based in India
8576
(ii) Total number of employees both in and outside India
8577
(d)
Value of taxable fringe benefits [column 19 x column 20(c)(i) column 20(c)(ii)
8580
SCHEDULE N. Advance Fringe Benefit Tax (if applicable)
Name of the Bank Branch
BSR Code of Bank Branch
(7 Digit)
Date of deposit
(DDMMYY)
Serial No. of challan
Amount (Rs.)
Date of installment
For first quarter
For second quarter
For third quarter
For fourth quarter
8585
8586
8587
8588
Amount
Total Advance Fringe Benefit Tax paid
8590
SCHEDULE O. Fringe Benefit Tax paid on self-assessment (if applicable)
Name of the Bank Branch
BSR Code of Bank Branch
(7 Digit)
Date of deposit
(DDMMYY)
Serial No. of challan
Amount (Rs.)
Total Fringe Benefit Tax paid on self-assessment
8591
(ii)
Form No.3B relating to audit report under section 35D(4)/35E(6) of the Income-tax Act, 1961 shall be
renumbered as Form No.3AE.
(Sambit Tripathy)
Under Secretary to the Government of India
F.No.142/41/2006-TPL
Note: The principal rules were published under notification No.S.O.969 dated the 26
th
March, 1962 and last amended by Income-tax (10
th
Amendment) Rules, 2006 vide notification No.S.O.1532(E) dated 14-9-2006.
 
 
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