Wednesday, 01 September 2010 05:30 |
Income Tax Return Form(ITR-3) Assessment Year 2010-2011
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Assessment Year F O R M ITR-3 INDIAN INCOME TAX RETURN [For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship] (Please see rule 12 of the Income-tax Rules,1962) (Also see attached instructions) 2 0 1 0 - 1 1 PAN First name Middle name Last name Status (Tick) ? Flat/Door/Block No Name Of Premises/Building/Village ? Individual ? HUF Date of Birth (DD/MM/YYYY) ( in case of individual) Road/Street/Post Office Area/locality / / Pin code Sex (in case of individual) (Tick) ? Town/City/District State ? Male ? Female (STD code)-Phone Number Employer Category(if in employment) (Tick) ? P E R SO N A L I N F O R M A T IO N Email Address ( ) ? Govt ? PSU ? Others Designation of Assessing Officer (Ward/Circle) Return filed under Section [Please see instruction number-9(i)] Whether original or Revised return? (Tick) ? ? Original ? Revised If revised, then enter Receipt No and Date of filing original return (DD/MM/YYYY) / / Residential Status (Tick) ? ? Resident ? Non-Resident ? Resident but Not Ordinarily Resident Whether this return is being filed by a representative assessee? (Tick) ? ? Yes ? No If yes, please furnish following information - (a) Name of the representative (b) Address of the representative F IL IN G S T A T U S (c) Permanent Account Number (PAN) of the representative PART-B Part B - TI Computation of total income 1 Salaries (6 of Schedule S) 1 2 Income from house property (3c of Schedule HP) (enter nil if loss) 2 3 Profits and gains from business or profession (6vi of Schedule BP) (enter nil if loss) 3 4 Capital gains a Short term i Short-term (u/s 111A) (enter nil, if loss) (A5 of Schedule CG) 4ai ii Short-term (others) (A6 of Schedule CG) 4aii iii Total short-term (4ai + 4aii) (enter nil if loss) (A4 of Schedule CG) 4aiii b Long-term (B5 of Schedule CG) (enter nil if loss) 4b T O T A L I N C O M E c Total capital gains (4aiii + 4b) (enter nil if 4c is a loss) 4c 5 Income from other sources a from sources other than from owning race horses (3 of Schedule OS) (enter nil if loss) 5a b from owning race horses (4c of Schedule OS) (enter nil if loss) 5b c Total (5a + 5b) (enter nil if 5c is a loss) 5c 6 Total (1+2+3+4c+5c) 6 Do not write or stamp in this area (Space for bar code) For Office Use Only Receipt No Date Seal and Signature of receiving official Part A-GEN GENERAL 7 Losses of current year set off against 6 (total of 2vii,3vii and 4vii of Schedule CYLA) 7 8 Balance after set off current year losses (6-7) (also total of column 5 of Schedule CYLA) 8 9 Brought forward losses set off against 8 (2vii of Schedule BFLA) 9 10 Gross Total income (8-9)(also 3viii of Schedule BFLA) 10 11 Deductions under Chapter VI-A (o of Schedule VIA) 11 12 Total income (10 - 11) 12 13 Net agricultural income/ any other income for rate purpose (4 of Schedule EI) 13 14 'Aggregate income' (12+ 13) 14 15 Losses of current year to be carried forward (xi of Schedule CFL) 15 Part B - TTI Computation of tax liability on total income 1 Tax payable on total income a Tax at normal rates 1a b Tax at special rates (11 of Schedule SI) 1b c Tax Payable on Total Income (1a + 1b) 1c 2 Education cess, including secondary and higher education cess on 1c 2 3 Gross tax liability (1c+ 2) 3 4 Tax relief a Section 89 4a b Section 90 4b c Section 91 4c d Total (4a + 4b+4c) 4d 5 Net tax liability (3 - 4d) 5 6 Interest payable a For default in furnishing the return (section 234A) 6a b For default in payment of advance tax (section 234B) 6b c For deferment of advance tax (section 234C) 6c d Total Interest Payable (6a+6b+6c) 6d C O M P U T A T IO N O F T A X L IA B IL IT Y 7 Aggregate liability (5 + 6d) 7 8 Taxes Paid a Advance Tax (from Schedule-IT) 8a b TDS (total of column 7 of Schedule-TDS1 and column 7 of Schedule-TDS2) 8b c Self Assessment Tax(from Schedule-IT) 8c d Total Taxes Paid (8a+8b+8c) 8d T A X E S P A ID 9 Amount payable (Enter if 7 is greater than 8d, else enter 0) 9 10 Refund (If 8d is greater than 7, also give Bank Account details below) 10 11 Enter your bank account number (mandatory in case of refund) 12 Do you want your refund by ? cheque, or ? deposited directly into your bank account? (tick as applicable ? ) 13 Give additional details of your bank account R E F U N D MICR Code Type of Account (tick as applicable ? ) ? Savings ? Current VERIFICATION I,
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 2010-2011 only, i.e., it relates to income earned in Financial Year 2009- 10. 2. Who can use this Return Form This Return Form is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and where income chargeable to income-tax under the head "Profits or gains of business or profession" does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm shall use this form only and not Form ITR-2. 3. Who cannot use this Return Form This Return Form should not be used by an individual whose total income for the assessment year 2010-11 includes Income from Business or Profession under any proprietorship. 4. 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. 5. 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 and thereafter submitting the verification of the return in Return Form ITR-V; (iv) by furnishing a Bar-coded return. Where the Return Form is furnished in the manner mentioned at 5(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, Bangaluru-560100 (Karnataka). The other copy may be retained by the assessee for his record. 6. Filling out the acknowledgement Only one copy of this Return Form is required to be filed. Where the Return Form is furnished in the manner mentioned at 5(i) or at 5(iv), the acknowledgement slip attached with this Return Form should be duly filled. 7. Codes for filling this Return Form Under the heading 'Filing Status' in the Return Form details have to be filled out regarding section under which the return is being filed on the basis of relevant codes. The codes corresponding to the section under which a return is being filed are as under:- Sl.No. How the return is filed Code i. Voluntarily before the due date under section 139 11 ii. Voluntarily after the due date under section 139 12 iii. In response to notice under section 142(1) 13 iv. In response to notice under section 148 14 v. In response to notice under section 153A/ 153C 15 8. Obligation to file return Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. 9. Instructions for filling out this Return Form (i) In Schedule AIR, the details of following transactions, if any, entered by you during the financial year 2009-10 are to be entered. (If a transaction is not entered, please leave blank the relevant column in this item). Sl.No. Code Nature of transaction 1. 001 Cash deposits aggregating to ten lakh rupees or more in a year in any savings account by you maintained in a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applied (including any bank or banking institution referred to in section 51 of that Act) 2. 002 Payment made by you against bills raised in respect of a credit card aggregating to two lakh rupees or more in a year. 3. 003 Payment made by you of an amount of two lakh rupees or more for purchase of units of Mutual Fund. 4. 004 Payment made by you of an amount of five lakh rupees or more for acquiring bonds or debentures issued by a company or institution. 5. 005 Payment made by you of an amount of one lakh rupees or more for acquiring shares issued by a company. 6. 006 Purchase by you of any immovable property valued at thirty lakh rupees or more. 7. 007 Sale by you of any immovable property valued at thirty lakh rupees or more. 8. 008 Payment made by you of an amount of five lakh rupees or more in a year for investment in bonds issued by Reserve Bank of India. (ii) In Schedule SI, the codes for the sections which prescribed special rates of tax for the income mentioned therein are as under:- Sl. No. Nature of income Section Rate of tax Section code 1. Tax on accumulated balance of recognised provident fund 111 To be computed in accordance 1 with rule
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