SUGAM PRESUMPTIVE BUSINESS INCOME TAX RETURN

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Personal Information

A1. First Name A2. Middle Name
A3. Last Name * A4. PAN *
A5. Sex * A6. Date of Birth/Formation (DD/MM/YYYY) *
A7. Income Tax Ward / Circle
Address
A8. Flat / Door / Building * A9. Name of Premises / Building / Village
A10. Road / Street A11. Area / Locality *
A12. Town / City / District * A13. State *
Country * A14. Pincode *
A15. Aadhaar Number/ Aadhaar Enrolment Id
(if eligible for Aadhaar)
A16. Status *
A17. Mobile Number 1 * Residential/Office Phone no.with STD code
(Do not prefix STD code with '0')
-

(STD)           (Landline)
A18. Mobile Number 2 A19. Email Address *

Filing Status

A20. Tax Status *
A21. Residential Status *
A22. Return filed under section*
A23. Whether Person governed by Portuguese Civil Code under section 5A*
A24. If A23 is applicable, PAN of the Spouse
Whether original or revised return? *
A25. If under section: 139(5) - revised return:
Original Acknowledgement Number.
Date of filing of Original Return(DD/MM/YYYY)
If under section: 139(9) - return in response to defective return notice:
Original Acknowledgment Number.
Date of filing of Original Return (DD/MM/YYYY)
Notice Number.
A26. If filed in response to notice u/s 139(9)/142(1)/148/153A/153C,enter the date of such notice

PART B GROSS TOTAL INCOME

B1. Income from Business & Profession
(E8 of Sch BP)
B2. Income from Salary / Pension
(Ensure to fill Sch TDS1)
B3. Type of House Property
Income from One House Property
B4. Income from Other Sources
(Ensure to fill Sch TDS2)
B5. Gross Total Income (B1 + B2 + B3 + B4)
PART C - DEDUCTIONS AND TAXABLE TOTAL INCOME
  S.No. Section Amount System Calculated
C1. 80C
C2. 80CCC
C3. 80CCD(1)
C4. 80CCD(1B)
C5. 80CCD(2)
C6. 80CCG
C7. 80D
C8. 80DD
(Maximum eligible amount is 75000. For Severe Disability, it is 125000)
C9. 80DDB
(Maximum eligible amount is 40000. For Senior Citizen, it is 60000 and 80,000 for Very Senior Citizen)
C10. 80E
C11. 80EE
C12. 80G
C13. 80GG
C14. 80GGC
C15. 80QQB
C16. 80RRB
C17. 80TTA
C18. 80U
(Maximum eligible amount 75000. For Severe Disability, it is 125000)
C19. Total Deductions (Total of C1 to C18)
Note:Total deductions under chapter VI A cannot exceed GTI.
C20. Taxable Total Income (B5 - C19)

PART D - TAX COMPUTATIONS AND TAX STATUS

D1.
Tax Payable on Total Income (C20)
D2.
Rebate u/s 87A
D3.
Tax Payable after Rebate (D1-D2)
D4.
Surcharge, if C20 exceeds 1 crore
D5.
Cess on (D3+D4)
D6.
Total Tax, Surcharge & Cess (D3+D4+D5)
D7.
Relief u/s 89 (Please ensure to submit Form 10E)
D8.
Balance Tax After Relief (D6 - D7)
D9.
Total Interest u/s 234A
D10.
Total Interest u/s 234B
D11.
Total Interest u/s 234C
Total Interest Payable (D9 + D10 + D11)
D12.
Total Tax and Interest (D8 + D9 + D10 + D11)

Instructions for correct calculation of Profits and gains of Business of plying, hiring or leasing goods carriages u/s 44AE

Vehicles

S.No. Period of holding
(in months)
Income per Vehicle
(Must be >= 7500 p.m. per vehicle)
Deemed Income*
1
TOTAL
alt del

Nature of business or profession, if more than one business indicate the three main activities/ products

S.No. Nature of Business Tradename Tradename Tradename
1
alt del

Schedule BP - Details of Income from Business or Profession

Computation of Presumptive income under 44AD

E1 Gross Turnover or Gross Receipts
E1a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received before specified date
E1b Any other mode
E2 Presumptive income under section 44AD
a. 6% of E1a
b. 8% of E1b
c. Total (a + b)
Note : If income is less than the above percentage of Gross Receipts, it is mandatory to have a tax audit under 44AB and Regular ITR 3 or ITR 5 form has to be filled and not this form

Presumptive income under 44ADA (Profession)

E3 Gross Receipts
E4 Presumptive income under section 44ADA (>=50% of E3)
Note : If income is less tha 50% of Gross Receipts, it is mandatory to have a tax audit under 44AB and Regular ITR 3 or ITR 5 form has to be filled and not this form

Computation of Presumptive income under 44AE

E5 Presumptive Income from Goods Carriage under section 44AE
Note : If the profits are lower than prescribed under S.44AE or the number of Vehicles owned at any time exceed 10 then the regular ITR 3 or ITR 5 form has to be filled and not this form
E6 Salary and interest paid to the partners (This is to be filled up only by firms)
E7 Presumptive Income u/s 44AE (E5-E6)
E8 Income chargeable under Business & Profession (under section 44AD, 44ADA and 44AE) (E2c + E4 + E7)

Financial Particulars of the Business

Note : For E9 to E12, furnish the information as on 31st day of March, 2017
E9 Amount of Total Sundry Debtors
E10 Amount of Total Sundry Creditors
E11 Amount of Total Stock-in-Trade
E12 Amount of the Cash Balance

Sch TDS1 - Details of Tax Deducted at Source from Salary [As per Form16 issued by Employer(s)]

S.No. TAN
(1)
Name of the Employer
(2)
Income under Salary
(3)
Tax Deducted
(4)
1
Total
del

Sch TDS2 - Details of Tax Deducted at Source from Income other than salary [As per Form16 A issued by Deductor(s)]

S.No. Tax Deduction Account Number (TAN) of the Deductor
(1)
Name of the Deductor
(2)
Unique TDS Certificate No.
(3)
Deducted Year
(4)
Details of Receipt as mentioned in Form 26AS
(5)
Tax Deducted
(6)
Amount out of (6) claimed this year
(7)
If A23 is applicable, amount claimed in the hands of spouse
(8)
1
Total
del

Sch TCS - Details of Tax Collected at Source

S.No
Tax Collection Account Number of the Collector
(1)
Name of Collector
(2)
Details of amount paid as mentioned in Form 26AS
(3)
Tax Collected
(4)
Amount out of (4) being claimed
(5)
Amount out of (4) being claimed in the hands of spouse, if section 5A is applicable
(6)
1
Total
del

Sch IT -Details of Advance Tax and Self Assessment Tax Payments

S.No. BSR Code
(1)
Date of Deposit(DD/MM/YYYY)
(2)
Challan Number
(3)
Tax Paid
(4)
1
Total
del

Taxes Paid

Please note that calculated fields (in grey) are picked up from other schedules and are not to entered. For Eg : The taxes paid figures below will get filled up when the Schedules linked to them are filled.
D13.
Total Advance Tax Paid
D14.
Total Self Assessment Tax Paid
D15.
Total TDS Claimed
D16.
Total TCS Collected
D17. Total Taxes Paid (D13 + D14 + D15 + D16)
D18. Amount Payable (D12 - D17, if D12 > D17)
D19. Refund (D17 – D12, if D17 > D12)
D20. Exempt income only for reporting purposes
(if agricultural income more than 5000 use ITR3/5)

D21. Details of all Bank Accounts (excluding dormant accounts) held in India at any time during the previous year (Mandatory irrespective of refund due or not)

a) Bank Account in which refund, if any, shall be credited

S.No. IFS Code of the bank * Name of the Bank * Account Number (the number should be 9 digits or more as per CBS system of the bank)* Details of cash deposited in bank during 9-11-2016 to 30-12-2016 (Amount in Rs.)
(if aggregate cash deposits during the period ≥ Rs.2 lakh)
1

b) Other Bank account details

S.No. IFS Code of the bank Name of the Bank Account Number (the number should be 9 digits or more as per CBS system of the bank) Details of cash deposited in bank during 9-11-2016 to 30-12-2016 (Amount in Rs.)
(if aggregate cash deposits during the period ≥ Rs.2 lakh)
1
alt del

Verification

I,
* son/daughter of
* solemnly declare that to the best of my knowledge and belief, the information given in the return is correct and complete and that the amount of total income and other particulars shown therein are truly stated and are in accordance with the provisions of the Income- tax Act 1961, in respect of income chargeable to Income-tax for the previous year relevant to the Assessment Year 2017-18.
Place *  
            Date (DD/MM/YYYY) *  
  PAN * 
If the return has been prepared by a Tax Return Preparer (TRP) give further details as below:
Name of the TRP
TRP PIN(10 digit)
Amount to be paid to TRP

Asset and Liability at the end of the year (Applicable in the case of total income exceeds Rs.50 lakh)

A Do you own any immovable asset ?
Details of immovable asset
S.No. Description
(1)
Address
(2)
Amount (cost) in Rs.
(3)
Flat/ Door/ Block No. Name of Premises/ Building /Village Road/ Street/Post office Area/ Locality Town/ City/ District State Country Pincode
1
alt del
B Details of movable asset
Sl.no Description Amount (cost) in Rs.
(i) Jewellery, bullion etc.
(ii) Archaeological collections, drawings, painting, sculpture or any work of art
(iii) Vehicles, yachts, boats and aircrafts
(iv) Financial asset Amount (cost) in Rs.
(a) Bank (including all deposits)
(b) Shares and securities
(c) Insurance policies
(d) Loans and advances given
(e) Cash in hand
C Do you have any Interest held in the assets of a firm or association of persons (AOP) as a partner or member thereof ?
S.No. Name of the firm(s)/ AOP(s)
(1)
Address of the firm(s)/ AOP(s)
(2)
PAN of the firm/ AOP
(3)
Assessee’s investment in the firm/ AOP on cost basis
(4)
Flat/ Door/ Block No. Name of Premises / Building / Village Road/ Street/Post office Area/ Locality Town/ City/ District State Country Pincode
1
alt del
D Liability in relation to Assets at (A+B+C)

Instructions for correct calculation of 80G

A. Donations entitled for 100% deduction without qualifying limit

S No. Name of the Donee* Address* City or Town or District* State Code* Pincode* PAN of the Donee* Amount of donation*
Eligible Amount of Donation
1
Total A
del

B. Donations entitled for 50% deduction without qualifying limit

S No. Name of the Donee* Address* City or Town or District* State Code* Pincode* PAN of the Donee* Amount of donation*
Eligible Amount of Donation
1
Total B
del

C. Donations entitled for 100% deduction subject to qualifying limit

S No. Name of the Donee* Address* City or Town or District* State Code* Pincode* PAN of the Donee* Amount of donation*
Eligible Amount of Donation
1
Total C
del

D. Donations entitled for 50% deduction subject to qualifying limit

S No. Name of the Donee* Address* City or Town or District* State Code* Pincode* PAN of the Donee* Amount of donation*
Eligible Amount of Donation
1
Total D
del

E. Donations (A + B + C+ D)

Note : In case of Donee funds setup by Government as described in Section 80G (2), please use PAN as "GGGGG0000G".