Excel for
Chartered Accountants
CBDT vide Notification No. 61/2015 dated 29th July, 2015 has notified New Income Tax Return Forms, ITR-3, 4, 5, 6 and 7 for AY 2015-16. The new ITrs can be downloaded from the following table.
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For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship] |
ITR- 3 |
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For individuals & HUFs having income from a proprietory business or profession |
ITR - 4 |
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For firms, AOPs and BOIs ( Including Fringe Benefit Tax Return) |
ITR – 5 |
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For Companies other than companies claiming exemption under section 11 ( Including Fringe Benefit Tax Return) |
ITR – 6 |
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For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) |
ITR – 7 |
Highlights of new ITRs:
ITR-4
1. Details of
Asset and Liability at the end of the year other than those included in Part A – BS to be given for cases where total income exceeds Rs. 25 lakh.
2. Details of Foreign Assets and Income from any source outside India are required to be given
3. Details of Income from outside India and tax relief claimed
4. Information regarding partnership firms in which you are partner
5. Declaration that the critical assumptions specified in the advance pricing agreement have been satisfied and all the terms and conditions of the agreement have been complied with
6. Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts)
7. No provision for transgender.
ITR-7
1. Corporate Identity Number (CIN) to be given
2. Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts)
3. Declaration that the critical assumptions specified in the advance pricing agreement have been satisfied and all the terms and conditions of the agreement have been complied with
4. Details of Foreign Assets and Income from any source outside India
5. Expenditure incurred on corporate social responsibility (CSR)
CBDT Notifies New Income Tax Returns ITR-3 4 5 6 7 for AY 2015-16. Download of utility for e-filing to be enabled soon | 30-07-2015 |
