Filing of ITR
Mandatory to file ITR
�Compan
y. �Firm
. (AY 2006-07)
�LLP.
Others Assessees
�Inco
me > Exe
mption Amount.
�Inco
me BEFORE Chapter VIA Deductions
> Exe
mption Amount.
No exemption to Salaried with Income upto5 lacs.
SEMIN
AR O
N ITR
23/07/2015
Due Dates
Assessee
Due Date
•Company.
•Person subject to audit under IT Act or any other law.
•Working Partner of firm subject to audit under IT Act or
any other law.
30th Sep.
Others
31st Aug.
SEMIN
AR O
N ITR
Note : If office is closed on last date for filing ITR, it can be filed
on nex
t working day. C
ircu
lar 639 of 13-11-92.
Person required to furnish Transfer Pricing Report
u/s 92E (including Domestic Transfer Pricing ) in
Form
3CE.
30th Nov.
23/07/2015
Applicable Forms : Indi/HUF
Na
ture
of
inco
me
ITR
1
(Sa
ha
j)
ITR
2A
ITR
2IT
R
3
ITR
4
ITR
4S
(Su
ga
m)
Inco
me
fro
m S
ala
ry/
Pe
nsi
on
Yes
Yes
Yes
Yes
Yes
Yes
Inco
me
(n
ot
loss
) fr
om
1 h
ou
se p
rop
ert
yYe
sYe
sYe
sYe
sYe
sYe
s
Inco
me
or
loss
fro
m m
ore
th
an
1 h
ou
se p
rop
ert
y-
Yes
Yes
Yes
Yes
-
Ag
ricu
ltu
ral In
com
e >
Rs.
5,0
00
-Ye
sYe
sYe
sYe
s-
Win
nin
gs
fro
m l
ott
ery
& r
ace
ho
rse
s-
Yes
Yes
Yes
Yes
-
Loss
fro
m O
the
r S
ou
rce
s
(oth
er
tha
n w
inn
ing
s fr
om
lo
tte
ry &
ra
ce h
ors
es
-Ye
sYe
sYe
sYe
sYe
s
Ca
pit
al G
ain
s/Lo
ss
--
Yes
Yes
Yes
-
Sh
are
of
Pro
fit
fro
m P
art
ne
rsh
ip F
irm
--
-Ye
sYe
s-
Inco
me
fro
m p
rop
rie
tary
bu
sin
ess
/ p
rofe
ssio
n-
--
-Ye
s-
Pre
sum
pti
ve I
nco
me
fro
m
bu
sin
ess
--
--
-Ye
s
Fore
ign
Ass
ets
& S
ign
ato
ry i
n B
an
k A
/c a
bro
ad
--
Yes
Yes
Yes
-
Re
lie
f o
f ta
x u
/s 9
0,
90
A o
r 9
1-
-Ye
sYe
sYe
s-
SEMIN
AR O
N ITR
23/07/2015
Applicable Forms : Others
Ass
ess
ee
ITR
5IT
R 6
ITR
7
Fir
m,
LLP
Yes
--
Pri
vate
Dis
cre
tio
na
ryTr
ust
Yes
Ass
oci
ati
on
of
pe
rso
ns
(AO
P)
Yes
--
Bo
dy
of
Ind
ivid
ua
ls (
BO
I)Ye
s-
-
Co
mp
an
ies
(oth
er
tha
n t
ho
se c
laim
ing
exe
mp
tio
n u
/s 1
1)
-Ye
s-
Tru
sts,
Po
liti
cal
Pa
rtie
s e
tc.
--
Yes
SEMIN
AR O
N ITR
Single form
in future?
23/07/2015
Modes of E-filing
�Digital Signature.
�Su
bmitting ve
rific
ation of ITR in Form
ITR-V.
�Electronic Verification Code (EVC).
23/07/2015
SEMIN
AR O
N ITR
EVC
Electronic Verification of person e-
furnishing :
�ITR
�Audit R
eport
�Fo
rm 10 (Notice
of accu
mulation of
inco
me)
23/07/2015
SEMIN
AR O
N ITR
EVC Features
�Applicab
le for AY 2015-16.
�Applicab
le for AY 2013-14 &
2014-15 also if
filed
during 2014-15.
�Ord
er of 20-7-15.(Tim
e lim
it extended
till
31.10.15).
�No relation to AY.
�Can
not be used for ITRs where DSC
man
datory.
�10 digit alpha -numeric number. E
.g.
2UJXSNZXU3
�Unique for AssesseePA
N.
23/07/2015
SEMIN
AR O
N ITR
EVC Generation
Different Modes based
on :
�Risk catego
ry of A
ssessee.
�Method of acce
ssing E -filing web
site.
�Interface with Third Party Authen
ticating
Entity.
23/07/2015
SEMIN
AR O
N ITR
Net Banking
�Sp
ecified
ban
ks reg
istered w
ith IT
Dep
artm
ent.
�Ban
k acco
unt w
ith a validated
PAN of
Primary Account Holder.
�Logs in to N
et ban
king.
�Existing internet bankinguser id, login
password & transaction password.
�Red
irec
tion to E -filing web
site.
�Gen
erate EVC on w
ebsite.
�EVC also sen
t to
validated
Mobile
No.
registered withITD.
23/07/2015
SEMIN
AR O
N ITR
AADHAAR
�ITD reg
istered w
ith U
IDAI for Aad
haarau
then
tication.
�Pro
vide Aad
haarNo. for lin
king on e–filing web
site.
�Verified
on the basis of :
◦Nam
e
◦Date of Birth
◦Gen
der
�Matching of PAN & Aadhaardata.
�If succ
essful, Aad
haarlin
ked to PAN.
�OTP sen
t by U
IDAI to
mobile
number registered
with UIDAIis EVC.
�Valid for 10 minutes only.
23/07/2015
SEMIN
AR O
N ITR
Bank ATM
�ATM C
ard linke
d to PAN Validated
Ban
k A/c.
�Access Ban
k ATM w
ith D
ebit/C
redit C
ard.
�Authentication by using ATM PIN.
�Gen
erate EVC
�EVC gen
erated
& sen
t to
Assessee’smobile
no. registered with E –Filing website
.
�Ban
k to
co
mmunicate this req
uest to
E -
Filin
g web
site.
23/07/2015
SEMIN
AR O
N ITR
E-filing Website
�Total income as per ITR <=5 lakhs
�No Refund Claim.
�More restrictions in future
.
�Gen
erate EVC on the E -filing web
site.
�Se
nt to
Reg
istered Email ID &
Mobile
No. registered with E-filing Website
.
23/07/2015
SEMIN
AR O
N ITR
Changes/
Important
Points
in ITRs
SEMIN
AR O
N ITR
23/07/2015
SahajIndividualITR 1
Not Applicable
�Business Inco
me.
�Inco
me from m
ultiple H
ouse Pro
per
ties.
�Cap
ital G
ains.
�Lo
tter
y or Race Horses Inco
me.
�Lo
ss fro
m O
ther Sources.
�AgriculturalInco
me > 5000/-.
�Relief u/s 90, 9
0A or Ta
x ded
uction u/s 91.
�Fo
r R&OR
◦Fo
reign Assets/ Inco
me.
◦Cheq
uesign
ing au
thority of Ban
k A/c abro
ad.
SEMIN
AR O
N ITR
23/07/2015
SugamITR 4S
Not Applicable
�Inco
me from Spec
ulative
, Age
ncy, C
ommission Business.
�Pro
fessional Inco
me
�Inco
me from m
ultiple H
ouse Pro
per
ties.
�Cap
ital G
ains.
�Lotter
y or Race Horses Inco
me.
�Loss fro
m O
ther Sources.
�AgriculturalInco
me > 5000/-.
�Relief u/s 90, 9
0A or Ta
x ded
uction u/s 91.
�Fo
r R&OR
◦Fo
reign Assets/ Inco
me.
◦Cheq
uesign
ing au
thority of Ban
k A/c abro
ad.
SEMIN
AR O
N ITR
23/07/2015
Form 2A
�Inco
me from Salary/Pe
nsion.
�Inco
me from H
ouse Pro
per
ty.
�Inco
me from O
ther
Sources.
�Agricultural Inco
me > 5,000/-?
�Inco
me from Business or Pro
fession.
�Inco
me from C
apital G
ains.
�Fo
reign Assets/Fo
reign Inco
me.
�Relief/Ded
uction u/s 90, 9
0A or 91.
23/07/2015
SEMIN
AR O
N ITR
General
Changes
ITRs
SEMIN
AR O
N ITR
23/07/2015
New Features
�Page numbering of ITR form
s.�Part A –
Gen
eral inform
ation.
�Part B –
Computation of Total Inco
me & Tax
Liability on Total Inco
me.
�Verification.
�Details of T
ax paid/T
DS etc. (Not sched
ules)
�Sc
hed
ules –As ap
plicab
le.
�Instru
ctions not updated
. (Bar coded
return
s).
�Exe
mpt Inco
me upto
any am
ount in 1 &
4S
(Non-agricu
ltural). 2
3/07/2015
SEMIN
AR O
N ITR
Return filed as per CBDT Order
�If ITR is filed
pursuan
t to
an ord
er of
CBDT u/s 119(2)(b), tick
ch
eck-box
23/07/2015
SEMIN
AR O
N ITR
Passport No.
�Not to
be give
n in
ITR 1 &
4S.
�Fo
r other
s, give if available.
�Details of foreign trave
lling not be
reported
.
23/07/2015
SEMIN
AR O
N ITR
Banks’ Details
�No. &
Details of A
LL Ban
k acco
unts held
in India.
�Not of Dorm
ant Ban
k acco
unts.
�Ban
k Acc
ount No. (9 digit C
BS).
�IFS Code 11 characters.
◦First 4 characters : alphab
ets,
◦5th character : Z
ero (0)
◦Rem
aining 6 characters : Numeric or
alphab
ets.
◦E.g. ICIC
0000007
23/07/2015
SEMIN
AR O
N ITR
Banks’ Details
�Ty
pe of A
ccount.
�Savings, C
urren
t.
�Cash C
redit added
in U
tility for 4S.
�Name of Bank.
�Balan
ce in
Acc
ount on 31stMarch
.
�Nam
e of Joint holder
(s).
�Minor’s Ban
k acco
unt?
23/07/2015
SEMIN
AR O
N ITR
Schedule HP
23/07/2015
SEMIN
AR O
N ITR
•Dee
med
to be Let O
ut.
•Multiple Ten
ants.
Schedule CG
�Ratew
iseSu
mmary of Cap
ital G
ains in TI.
�Value of Property as per stamp
valuation authority > Zero.
23/07/2015
SEMIN
AR O
N ITR
Deemed LTCG/STCG
23/07/2015
SEMIN
AR O
N ITR
LTCG/STCG for Non-residents
Shown under Schedule CG but not
chargeable to tax in India as per DTAA
�Sl.
�Country nam
e, code.
�Article of DTAA.
�W
hether Tax
Residen
cy C
ertific
ate
obtained
?
�Item
in LTCG/STCG in w
hich included
.
�Amount of LT
CG/STCG.
23/07/2015
SEMIN
AR O
N ITR
Schedule OS
Income chargeable to be taxed under DTAA
(For Non-Residents)
�Sl.
�Country Code
�Article of DTAA
�Rate of tax under D
TAA
�W
hether TRC obtained
?�
Corresponding section of A
ct w
hich prescribes rate
�Amount of inco
me
�Total amount of income chargeable to tax
under DTAA
�Show in Schedule SI.
23/07/2015
SEMIN
AR O
N ITR
Schedule EI
Net Agricultural income for the year
�Gro
ss Agricultural rec
eipts (other
than
inco
me from m
anufacture of tea, coffee
or
rubber
).
�Expen
diture in
curred
on agriculture.
�Unab
sorb
ed agricultural loss of previous
8AYs.
23/07/2015
SEMIN
AR O
N ITR
Schedule 80G
�Not in ITR 1 &
4S but in X
ML.
�Cau
tion : 80G D
isallowed
.
�Donation thro
ugh
Employe
r. C
ircu
lar
2/2005.
�PA
N M
andatory.
�Can
chec
k whether
eligible.
◦PM N
ational R
elief Fu
nd : AACTP4637Q.
◦Donee
funds set by Govt
(80G(2)) :
GGGGG0000G.
SEMIN
AR O
N ITR
23/07/2015
Schedule FA
�Residen
t Assesse only.
�Hold, any
foreign asset (including fin
ancial
interest in
any
entity).
�have sign
ing au
thority in
any
acc
ount
located outside India.
�have income from any source
outside India.
�Sc
hed
ule FA to be filled.
23/07/2015
SEMIN
AR O
N ITR
Foreign Assets
�Fo
reign Ban
k Acc
ounts.
�Finan
cial Interest in any
Entity.
�Im
movable Pro
per
ty held.
�Any
other
Cap
ital Asset.
�Acc
ount(s) in w
hich signatory.
�Fo
reign Tru
sts.
23/07/2015
SEMIN
AR O
N ITR
Any Other Foreign Income
Details of ANY OTHER
Inco
me der
ived
from any
source outside India which is
not included in :
�Details of Fo
reign Ban
k A/cs, Tru
sts etc.
�Inco
me under
the hea
d Business or
Pro
fession.
23/07/2015
SEMIN
AR O
N ITR
E-filing of Wealth Tax Returns
�Abolished from AY 2016-17.
�Pro
vision for e-filing in Finan
ce Act 2013.
�Upto
AY 2013-14 –
Form
BA.
�From AY 2014-15 –
Form
BB.
�E-filing Man
datory fro
m AY 2014-15.
�Digital Signature for e-filing.
SEMIN
AR O
N ITR
23/07/2015
WTR : AY 2014-15
Mandatory E-filing
�Compan
ies
�Individuals su
bject to Tax
Audit
�HUFs subject to Tax
Audit
Paper Filing for AY 2014-15
�Individuals NOT subject to Tax
Audit
�HUF NOT subject to Tax
Audit
SEMIN
AR O
N ITR
23/07/2015
MANDATORY
E-FILIN
G
WITH D
SC
BY ALL.
23/07/2015
SEMIN
AR O
N ITR
WTR : AY 2015-16
ITR Validation Rules
23/07/2015
SEMIN
AR O
N ITR
ITR Validation Rules
23/07/2015
SEMIN
AR O
N ITR
ITR Validation Rules
23/07/2015
SEMIN
AR O
N ITR
Tips
�Chec
k that rec
ent am
endmen
ts applic
able
to clie
nt take
n into
acc
ount.
�Prepare ch
ecklist for Clie
nt.
�Compare data with Previous Ye
ar R
eturn
.
�Chec
k spec
ific item
s of cu
rren
t ye
ar.
�Rev
iew Per
sonal Ban
k Acc
ounts, C
r Card
Statem
ents etc.
�Rec
oncile entries with Form
26AS.
SEMIN
AR O
N ITR
23/07/2015
Tips (contd.)
�B/flosses tak
en into
acc
ount co
rrec
tly.
�Mak
er, Chec
ker Conce
pt.
�Reo
rgan
iseW
ork
ing pap
ers file.
�Chec
k Man
datory e-filing fie
lds.
�File is Valid.
�e-filing cases : expec
ted Inco
me > 5 lacs.
�Mark for e-filing other
cases.
�Man
agem
ent of ITR w
ithout DSC
.
SEMIN
AR O
N ITR
23/07/2015
Press R
elea
se dated
1-7-15
�Electro
nic
Filin
gofInco
me
Tax
Return
sfor
2015-16Commen
ces;
�ITR
1-Sah
aj,2
and
2A
can
be
Used
by
IndividualsorHUFW
hose
Inco
meDoes
not
IncludeInco
mefrom
Business;
�ITR
4S
-SU
GAM
can
be
Used
by
anIndividual
or
anHUF
Whose
Inco
me
Includes
Business
Inco
me
Assessable
on
Presu
mptive
Basis;
�TaxpayersRequestedtoE-FileTheir
ReturnsEarlytoAvoidtheRushCloser
totheLastDateofFiling.
23/07/2015
SEMIN
AR O
N ITR