Income Tax Forms are
changed this year effective from Asst Year 2015-16. For Companies other than
companies claiming exemption under Section 11 of Income Tax Act ITR -6 is to be
filed as in earlier years but major changes in this form are given here under
in short being in case of Companies generally such forms are filled by
Chartered Accountants / Auditors:
Additional requirement
in General Information :
a) Whether Assessee is an
FII/DPI and if yes then SEBI registration number is required.
b)
In case of Amalgamating Company, details of amalgamating
company.
c)
In case of demerged company, details of resulting company after
such demerger.
d) In case of resulting
company, details of demerged company
Other Information
required:
a) Expenditure incurred
during the year on Corporate Social Responsibility
b) Amount of expenses allowable under section
32AC
c) Detail of All Bank Accounts
in India at any time during the previous year except for dormant accounts.
Additional requirement
for Profit and Loss Account:
Professional fee, Consultancy fee and fee for
technical services paid outside India or paid to a Non Resident or a Foreign
company in India.
Requirement under Income from Capital Gain:
a) Any amount of
unutilized Capital Gain on any asset transferred during the previous year was
deposited in Capital Gain Account Scheme within the due date for the last year
or not.
b) For Non Residents
Short Term Capital Gain to be mentioned in A1 to A8 and Long Term Capital Gain
to be mentioned in B1 to B8. However not
chargeable to tax in India as per DTAA.
Requirement under
Income from Other Sources:
For Non Residents the following details are to
be given in case of income chargeable to tax under DTAA:
a) The name of Country
and Country Code
b) Article of DTAA
c) Whether TRC obtained
d) Section of Income Tax
Act under which taxed and rate of tax
and amount of income
Requirement under
Exempt Incomes:
a) Gross Agriculture
receipts
b) Expenditure on
Agriculture
c) Net agriculture Income
d) Unabsorbed Agriculture
loss brought forward from last eight assessment years.
Requirements for
Foreign Assets and income thereon:
a) Interest accrued in
any Bank or Other Account
b) Detail of Capital
asset held at any time during the previous year including any beneficial
interest.
c) Detail of accounts
held during the previous year including beneficial interest in which you have
been signing authority which has not been included here in above.
d) Details of trust where
you have been trustee, beneficiary or settler created under the law of the
country outside India
e) Detail of any other
source of income derived from any source outside India other than above and
chargeable to tax under Business or Profession
