Form No. 1 substituted

Return of Income

S.O.- (E). -In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), The Central Board of Direct Taxes hereby makes the following rules, further, to amend the Income-tax Rules, 1962, namely : -

1.      (1) These rules may be called the Income-tax (19th Amendment) Rules, 2001
         (2) They shall come into force on the date of their publication in the official Gazette. 
2. In the Income-tax Rules, 1962, in Appendix II, for FORM NO.1 the following shall be substituted namely : - 

Form No.1

For Companies other than those claiming exemption U/S 11

+        Please follow instructions and fill in relevant schedules.
+        Pan must be quoted.
+        Use block letters only.

 
ACKNOWLEDGEMENT

For Office use only

Receipt No.

Date
  

Seal and signature of Receiving Official
7. If there is change in jurisdiction, state old Ward/Circle/Special Range
                           
8. Previous Year
       

--
   
9. Assessment Year
       

--
   
10. Residential Status
   
11. U/s 139/ 142/ 148
12. Whether Original  or Revised    Return?
If revised, Receipt No.  and
date of filing original Return
             
13. Is this your first Return      Yes    No
 
1. PERMANENT ACCOUNT MEMBER
                   

(if not applied for or not allotted, enclose Form 49A)
2. NAME 
                               
                               
                               
3. ADDRESS  (Flat No/door/House No., Premises, Road, Locality/village, Town/District State/Union Territory in that order)
                               
                               
                               
PIN
           

Telephone
           
Fax, if any
             
4. Date of Formation (DD-MM-YYYY)
   
   
       
5. Is there any change in Address?

Yes  No 

6. Ward/Circle/Special Range.
                   

 COMPUTATION OF TOTAL INCOME (in Rs.)

STATEMENT OF TAXES                                        (IN RS. )

Sch.

14. Income from house property F-1A 702
15. Profits and gains of business or profession                                F-1B 703
16. Capital gains: 
a. Short term                            F-1C(i) 704
b. Long term                            F-1C(ii) 705
17. Income from other sources   F-1D 706
18. Gross total income                  F-2 746
19. Deduction Ch-VIA                  F-3 747
20. TOTAL INCOME 760
In Words
21. Net agricultural income          F-6  762
22. Income claimed exempt          K  125
23. Tax payable                             3-4  825
24. Surcharge                                G-5 828
25. Tax plus Surcharge                G-6 829
26. Tax payable                             G-7  838
27. Balance tax payable               G-8 840
28. Tax deducted/collected at source  
                                                  G-9A		 870
29. Advance Tax paid                  G-9B 862
30. Balance tax payable G-10 877
31. Interest payable u/s 234A/234B/234C                      G-12 862
32. Self assessment tax paid        G-14  876
33. Tax and interest payable        G-15 880
34. Tax credit due u/s 115JAA     G-16 881
35. Balance tax and Interest payable  (33-34)       
                                                    G-17		 883
36. Refund due, if any                   G-18 896
37. Tax/interest on distributed profit u/s 115-O/115P                                G-19 897
38. Total payable (37 + 35)            G-20
Or as the case may be		 893
   
39. DETAILS OF BANK ACCOUNT(S)/ CREDIT CARD AND OTHER PARTICULARS AS PER SCHEDULE-H
40.               NO. OF DOCUMENTS/ STATEMENTS ATTACHED
  Description In Figures In words   Description In Figures In words
a. Statement of taxable income/tax     d. TDS Certificates    
b. Audit report     e. Challans    
c. Statements of A/c     f. Others    

VERIFICATION++


I, . . . . . . . . . . . . . . . .(full name in block letters), son/ daughter of . . . . . . . . . . . . . . .solemnly declare that to the best of my knowledge and belief, the information given in this return and the schedules, statements, etc. accompanying it is correct, complete and truly stated and 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. . . . . . . . 
I further declare that I am making this return in my capacity as ____________and I am also competent to make this return and verify it. 

Name and Signature

Date: . . . . . . . . . 
Place: . . . . . . . . 

 

SCHEDULE-A. INCOME FROM HOUSE PROPERTY

In case of more than one house property, compute the income from each property on a separate sheet (to be attached to the return) and mention the aggregate figure against item no.16.

1. Number of sheets 301  (in case of more than one property) Sheet No.  302
2. Address of the Property
    (Flat No. Door/House No., Premises, Road, Locality/village, Town/District,State/Union Territory in that order)

                                     
                                     
                                     
PIN
           
3. State whether the above mentioned property is

                                              303 Self Occupied     or Let Out   or Unoccupied              (Please tick as applicable)
4.

Built-up Area(in Sq.mrt.) 304

Area of land appurtenant (in sq.mtr.) 305

Annual lettable value 306

     

Amount

5. Annual lettable value/Annual rent received or receivable (whichever is higher. 307
                     
                     
6. Less: Deduction claimed u/s 23
(a) Taxes actually paid to local authority
    ________________________
                     
(b)________________________
                     
                     
(c)________________________
                     
                     
  

Amount
7. Total of 6 above ................................................................................................................................ 312
                     
8. Balance (5-7) 313
9. Less: Deductions claimed u/s 24
(a) Repairs and collection charges                          320
                 
(b)____________________________________
                 
(c)____________________________________
                 
(d)____________________________________
                 
(e)____________________________________
                 
10. Total of 9 above .......................................................................................................................... 325
11. Balance (8-10) .............................................................................................................................. 330
12. Unrealised rent received in the year (u/s 25A) ....................................................................... 331
13. (a) Amount of arrears of rent received in the year 
      u/s25B)                                                                       332
                 
(b) Less : deduction admissible u/s 25B (1/4 of arrear 
      rent received)                                                            333
                 
14. Income chargeable under section 25B[13(a)-13(b)] 340
                     
15. Balance (11 + 12+ 14) 341
                     
16. Total of 15 (in case of more than one property, give total of all sheets) 350
                     
17. INCOME CHARGEABLE UNDER THE HEAD
"INCOME FROM HOUSE PROPERTY" (16) 		399
                     
    

 SCHEDULE B.  PROFITS AND GAINS OF BUSINESS OR PROFESSION 
(i) GENERAL

1. Nature of business or profession: Manufacturing       501 8. If yes, state the change:
Trading 502 Manufacturing-cum-trading   503 9.  Are you liable to maintain accounts as per Sec- 44AA
                                                                                  Yes No
Services 504 Profession 505  Others 506  10. Are you liable to tax audit u/s 44AB(a)/(b)?      Yes No
2. No. of branches Attaches list with full address(es) 11. Are you liable to tax audit u/s 44AB(c) read with section 44AD/ 44AE/ 44AF                                                Yes No 
_________________________________________ 12. If answer to 10 or 11 is yes, have you got the accounts audited before the specified date?                                    Yes  No  
_________________________________________ 13. If yes, whether audit report is furnished?           Yes No  
3. Method of accounting 507 Mercantile Cash If yes, give receipt No. _______________________________
4. Is there any change in method of accounting? Yes No
5. If yes, state, the change ____________________________
_______________________________________________		 And date of filing the same
6. Method of valuation of stock ________________________
(also attach a copy)
   
   
       
_________________________________________
7. Is there any change in stock valuation method?     Yes No


(ii) COMPUTATION OF INCOME FROM BUSINESS OR PROFESSION OTHER THAN SPECULATION BUSINESS 
(IN CASE YOU HAVE MORE THAN ONE BUSINESS OR PROFESSION AND MAINTAIN SEPARATE BOOKS OF
ACCOUNT, ATTACH SEPARATE SHEET(S) GIVING COMPUTATION FOR EACH SUCH BUSINESS OR
PROFESSION AND SHOW THE AGGREGATE FIGURES AGAINST VARIOUS ITEMS)

14. Net profit or loss as per consolidated profit and loss account

571
                   
15. Add: adjustment on account of change in method of accounting and/or valuation of stock 511  512
                   
For assessees having income covered u/s 44AD\44AE\44AF:-
16 (i). Add/ Deduct -profit/ loss of business(es) included in Item 
      14 u/s indicated below if answer to any of items 9, 11, 12 
      or13 above is 'No.'
       (a) Section 44AD  513 
       (b) Section 44AE  514 
       (c) Section 44AF 515 

Total 

520 

521
                   
(ii). In case you were engaged in the business of civil 
      construction or supply of labour for civil construction 
      mentioned in sec 44AD;
      (a) Gross Receipts 522 
      (b) Net profit @ 8% of gross receipt 523 
      (c) Add: Higher of the amount mentioned in 16(i)(a) and 
           16(ii)(b) 		524  525
                   
(iii). In case you owned not more than 10 goods carriages and  were engaged in the business of 
        plying hiring or leasing of such carriages as mentioned in sec 44AE; 
 

No. of Vehicles/ carriages

No. of months during which owned Deemed profit u/s 44AE
       (a) heavy goods vehicle      
       (b) other goods carriages      

Total   

  
        (c) Add: Higher of the amount mentioned in 16(i)(b) and 
             amount determined above as deemed profit u/s 44AE 		530 531
                     
(iv). In case you were engaged in the business of retail trade 
        in any goods or merchandise, the total turnover on 
        account of which did not exceed forty lakh rupees, as 
        mentioned in sec 44AF: -
        (a) Total turnover on account of such business 532 
        (b) Deemed profit at rate of 5% of turnover 533 
        (c) Add: Higher of the amount mentioned in 16(i)(c) and 
              16(iv)(b) 		540  541
                   
17. Deduct: Amount of exempt income included in Item 14, being:       
(i) Share of income from firm(s) exempt u/s10(2A) 542 
(ii) Share of income from AOP/BOI 543 
(iii) Any other income exempt from tax (specify the section) 544 

Total   

 550  551
                   
18. Is sec.10A/10B/10C applicable?                 Yes No 
If yes, have you opted out by filing declaration prescribed u/s 10A(8)/10B(8)/10C(8)? 
                                                                          YesNo  
If No, furnish the following information

Section

Year No

 Amount claimed deductible/not includible in total income
     
     

Total 552     

 
Deduct:-Amount as per item 18 above 553
                   
19. Add Incomes specified in sec 28(ii) to 28(vi) not included in item 14 560  561
                   
20. Add: Deemed incom(s) u/s 33AB, 33ABA, 35ABB, 41, 72A, 80HHD, 80IA etc.,  not included in 14 above
Section Amount
   
   
   

         Total   

 561  565
                   
21. Deduct: Allowances u/s 35A, 35AB, 35ABB, 35D, 35E etc.
Section Year No. Installment Amount debited in A/cs

Amount allowable

         

Total

568  569
                   
22. Add: Adjustment on A/c of profit includible u/s 44B, 44BBB and 44BBA 570  571
                   
23. Add/ deduct: Adjustments in accordance with sec 28 to 44D,
if any necessary
Section Amount
   
   
   

Total    

572  573
                   
24. Add/ deduct: Adjustment on account of current depreciation debited in books of account and allowable as per the Act 574  575
                   
25. Add/ deduct: Adjustment on account of scientific research expenses u/s 35(1)(iv) 576  577
                   
26. Profits and gains of business or profession other than speculation business 578
                   

(iii) COMPUTATION OF INCOME FROM SPECULATION BUSINESS

SCHEDULE C. CAPITAL GAINS .

Separate sheets may be used and attached to the return in case of more than one short term/long term asset The aggregate figure may be shown against Item no.14. indexed cost of acquisition and impro

27. Profit/ loss from speculation business 580
                   
28. Add/deduct: Adjustment in accordence with sec 228 to 44D, if 
                       any necessary 		583 
29. Balance profit from speculation business (27-28)(if this,figure 
is negative, it shall be shown against 35(i) below)		 584
                   
30. Deduct: Loss if any, of business and profession at 26 above to the extent speculation profit is available [the resultant
negative figure, if any shall be shown against 35(ii) below]		 585 
31. Balance -(29-30) 586
                   
32. Deduct: Brought forward speculation loss, if any 587 
33. Balance-Income or loss from speculation (31-32)[If this figure is negative, it shall be shown against 35(i) below and not considered in 34] 588
                   
34. Income chargeable under the head "profits and gains of business or profession including speculation (26+33)