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    Return of Income

    (FILE INCOME TAX RETURN BE SAFE)

    Tax Management

    Roll No Team Member's

    1 Amit Anekar2 Sachin Bhuwalka

    3 Mohammed Abid Bijnori

    4 Pravin Borghare

    5 Vishal Chavan

    6 Jyoti Chavan

    Date of presentation: 14 January 2012

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    Return of Income

    What is Return of Income?

    Benefit of Filing Return?

    Where Can I get Return Form? Which Form is applicable for me?

    What documents are to be enclosed?

    Where & how to file return? Who is an Assessing officer?

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    Voluntary Return of Income

    Company or firm

    Other than company or firm

    CEO of every political party

    Scientific Research Association

    Hospital and Other Institution

    University / Educational Institution

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    How to File Return?

    Paper

    Electronic (compulsory for Companies & firms)

    Time for filing ROI

    Extension of Time

    Return of Loss

    Belated Return

    Revised Return

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    Defective or Incomplete Return [Sec 139 (9)]

    Scheme to facilitate submission of Return [Sec

    139B]

    Power of Board to dispense with furnishing

    documents[Sec 139C]

    E-filing of return [Sec 139D] Return by whom to be signed [Sec 140]

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    ITR Form ClassificationITR1 For Individuals having Income from Salary/ Pension/ family pension & Interest

    ITR2 For Individuals and HUFs not having Income from Business or Profession

    ITR3 For Individuals/HUFs being partners in firms and not carrying out business or

    profession under any proprietorship

    ITR4 For individuals & HUFs having income from a proprietary business orprofession

    ITR5 For firms, AOPs and BOIs

    ITR6 For Companies other than companies claiming exemption under section 11

    ITR7 For persons including companies required to furnish return under section

    139(4A) or section 139(4B) or section 139(4C) or section 139(4D)

    ITR8 Return for Fringe Benefits

    ITRV Where the data of the Return of Income/Fringe Benefits in Form ITR-1, ITR-2,

    ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital

    signature

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    How to Fill the ITR Form

    http://localhost/var/www/apps/conversion/current/tmp/scratch_1/2011_ITR1_r10%20Piyus%20shrivastava.xlshttp://localhost/var/www/apps/conversion/current/tmp/scratch_1/2011_ITR1_r10%20Piyus%20shrivastava.xls

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    Deductions

    80 C LIC Premium, Contri to PF, Home loan etc..

    80 CCC Contribution to Pension Fund80 CCD Contribution to Pension Scheme

    80 CCF Infrastructure bonds up to Rs. 20k

    80 DMedical Insurance premium Rs. 15k & Rs. 20k for Sr.

    Citizen

    80 DD Maintenance of handicap dependant50k ( >80% - 75k)

    80 DDB Medical treatment 40k to 60k

    80 E Higher Education loan

    80 G Donation to Recognized Charitable trust

    80 GG Deductions is respect of Rent Paid

    80 GGA Scientific research or rural develoment

    80 GGC Contribution given to political party

    80 UDeduction in case of a person with disability

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    References

    Books

    1. Singhania, 2011-12, Direct Taxes, 46th Edition

    Pg.No.892-902, Taxmann Publications (P) Ltd, Haryana India.

    2. Singhania, 2009, Corporate Tax Planning & Business Tax

    Procedures, 13th Edition, Pg.No.319-324, TaxmannPublications (P) Ltd, Haryana India

    Websites1. http://www.incometaxindia.gov.in/.

    2. http://www.taxmann.com3. http://www.trpscheme.com

    http://www.incometaxindia.gov.in/http://www.taxmann.com/http://www.trpscheme.com/http://www.trpscheme.com/http://www.taxmann.com/http://www.incometaxindia.gov.in/

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    Thank You


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