IT Return Form Saral 2 Replaced ................. incometaxinfo.com

Relationship

Passport No.

Countries visited

Duration of tour

Expenditure incurred

IT Return Form Saral 2
(As replaced vide Notification No. 202/2001 dtd. 02.07.2001)

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 attend the Income-tax Rules, 1962, namely:-

(1) These rules may be called the Income-tax (11th Amendment) Rules, 2001
(2) They shall come into force on the date of their publication in the Official Gazette.
In the Income-tax Rules, 1962, in Appendix II, for FORM NO.2. the following shall be substituted, namely :-

FORM NO.2

RETURN OF INCOME

[see rule 12(1)(b)(I) of Income"tax Rules, 1962]

(FOR NON-CORPORATE ASSESSEES NOT CLAIMING EXEMPTION U/S 11 AND HAVING INCOME FROM BUSINESS OR PROFESSION)
*	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

9. Assessment year

10. Residential Status

11.U/s139/142/148

12. If there is change in
jurisdiction, state I old
Ward/Circle/Special Range

13. Whether original or Revised Return ?

If revised, Receipt No. and

date of filing original Return

14. Is this your first Return? No.

1. PERMANENT ACCOUNT NUMBER.

(If not applied for or not allotted; enclose Form 49A)

2. NAME (Last name/Sumame, First name, Middle name in that order)**

3. ADDRESS FOR COMMUNICATION

(A RESIDENCE **. or B. OFFICE )

(Flat No/door/House No., Premises, Road, Locality/village, Town/District 9. Assessment Year 10 Residential Status
State/Union Territory in that order)

TELEPHONE

Fax. if any

4. Sex * (M/F)

5. Date of Birth/formation - -
6. Status

7. Is there any change in Address? Yes or No.

If yes. whether A. Residence** or B. Office

8. Ward/Circle/Special Range

COMPUTATION OF TOTAL INCOME (IN RS.)

STATEMENT OF TAXES (in Rs.)

Sch.

15. Salaries (G-1A)

701

25. Tax on total income (H-2)

810

16. Income from house property(G-1B)

702

26. Rebate u/s88/88B/88C (H-3)

820

17. profIts and gains of busness or
professlon (G-1C)

703

27. Surcharge (H-6)

828

18. Capital gains

28. Tax payable (H-7)

832

a. Short term. (G-1D(I))

704

29. Relief u/s 89/90/91 (H-8)

837

b. Long term (G-1D(ii))

705

30. Balance tax payable (H-9)

841

19 Income from other sources (G-1E)

706

31. Tax deducted/
collected at

(H-13B)

873

20 Gross total Income (G-3)

746

32. Advance tax paid. (H13A)

862

21 Deduction Ch-VIA (G-4)

747

33. Interest payable u/s (H-10)
234A/234B/234C

846

22. Total income (G-6)

760

34. Self assessment tax (H-13C)

875

In words

35. Tax and lnterest (H-15)
payable

893

23. Net agricultural income free rate
perpose/any other income. (G-7)

767

36. Refund due, if any

895

24. Income claimed exempt (1-14)

124

37. DETAILS OF BANK ACCOUNTS(S)/CREDIT CARD AND OTHER PARTICULARS AS PER SCHEDULE-I

38. NO. OF DOCUMENTS/STATEMENTS ATTACHED

	Description	In Figures	In words
a.	Statement of taxable income/tax
b.	Audit report
c.	Statements of A/c

	Description	In Figures	In words
d.	TDS Certificates
e.	Challans
f.	Others

VERIFICATION***

I ,___________________________________________ (fuII 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 and statements accompanying it is correct and complete, and that the amount of total income and other particulars shown therein are truely 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 _________
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. ;

Date ________________
Place ________________ Name: Signature:

SCHEDULE - A SALARIES

In case of more than one employment, please state the aggregate of salary etc.
against the relevant Items.

Whether in the employment of Government? Yes No

Name of the Employer

Address of thye employer

Amount

Code

Amount

1. Salary (including all allowances)

.............................................

201

2. Less. Allowances exempt u/s 10

(a) House Rent Allowance as per
Rules

(b) Convenance as per Rules

(d) ___________________

3. Total of 2 above .........................................................................................................

202

4. Balance (1-3) ................................................................................................................

203

5. Add value of perquisite(s), and/or profits in lieu of salary (see S. 17)

(a) Rent Free Accomodation as per Rules

(b) Convenance as per Rules

(d) _____________________

6. Total of 5 above .........................................................................................................

204

7. Total (4+6) ....................................................................................................................

205

8. Less Deductions claimed u/s 16

(a) Standard deduction [S16(i)]

(b) _______________________

9. Total of 8 above ..........................................................................................................

207

INCOME CHARGEABLE UNDER THE HEAD "SALARIES. (7-9)

220

SCHEDULE. B 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.

Number of sheets 301 (in case of more than one property) Sheet No. 302

Address of the property
(Flat No/Door/House No., Premises, Road, Locality/Village, Town/District, State/Union Territory in that order

State whether the above mentioned property is

303 Self occupied or Let out or Unoccupied (Please tick as applicable)

Built-up area (in square meter) 304	Area of land appurtenant (in square meter ) 305	Annual lettable value 306

Amount

Annual lettable value/Annual rent received or receivable (whichever is higher) ... 207

Less: Deduction claimed u/s 23

(a) Taxes actually paid to local authority

(b) ___________________________

Total of 6 above ................................................................................................................................ 312

Balance (5-7)

313

Less. Deduction claimed u/s 24

(a) Repairs and Collection Charges 320

_______________________

(b) _______________________

(d) _______________________

(e) _______________________

10.

Tot of 9 above ........................................................................................................................... 325

Balance (8-10) ........................................................................................................................... 330

12.

Unrealised rent received in the year (u/s 25A) ................................................................... 331

13.

(a) Amount of arrears of rent received 332
in the year u/s 25B

(b) Less: deduction admissible u/s 25B 333

(1/4th arrear rent received)

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" 399

Nature of business or profession: Manufacturing 501

Trading 502 Manufacturing-cum-trading

Services 504 Profession 505 other 506

No of branches

Attach list with full address (es)

3. Method of accounting 507 Mercantile Cash

4. Is there any change in method of accounting? Yes No

5. If yes. state the change ______________________________

__________________________________________

6. Method of valuation of stock _________________________

__________________________________________

7. is there any change in stock valuation method? Yes No

8. If yes, state the Change : ______________________________

9. Are you liable to maintain accounts as per S. 44A?

Yes No

10. Are you liable to tax audit u/s44AB(a)/(b)

Yes No

11. Are you liable to tax audit u/s 44AB(c) read with
S. 44AD/44E/44AF?

Yes No

12. If answer to item 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?

If yes. give receipt No. ________________________

and date of filing the same

(also attach a copy )

SCHEDULE C. PROFITS AND GAINS OF BUSINESS OR PROFESSION
(I) GENERAL

(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 AC- COUNT, ATTACH SEPARATE SHEET~S) GIVING COMPUTATION FOR EACH SUCH BUSINESS OR PROFESSION AND SHOW THE AGGREGATE FIGURES AGAINST V ARIOUS ITEMS)

14. Net profit or less as per consolidated profit and loss account 510

15. Add: adjustment on account of change in 511
method of accounting and/or valuation of
stock

512

For assessee having Income covered u/s 44AD/44AE/44AF:-

16. (i) Deduct/Add- profit & loss of business (es) included in 14 under the section indicated below, if
answer to any of 9, 11, 12 or 13 above is 'No'

(a) section 44AD

513

(b) section 44AE

514

515

Total

520

521

16. (ii) In case you were engaged in the business of civil construction or supply of
labour for civil construction mentioned In S. 44AD;

(a) Gross Receipts

522

(b) Deemed profit @ 8% of gross receipt

523

524

525

16 (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-S. 44AE

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

530

531

16 (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 S. 44AF:-

(a) Total turnover on account of such
business

532

(b) Deemed profit at rate of 5% of
turnover

533

540

541

17. Deduct: Amount of exempt income included in 14, being:

(i) Share of income from firm(s) exempt u/s
10(2A)

542

(ii) Share of income from AOP/BOI

543

(iii) Any other income exempt from tax
(specify the section)

544

Total

550

551

Is Section 8/10C applicable in your case?

Yes No

Have you opted out by filing declaration prescribed u/s 10A(8)/10B(8)/10C(6)?

Yes No

Furnish the following information

Deduction

Year No.

Amount claimed deductible/not includible in total income

Total 552

Deduct: Amount claimed deductible/note

553

includible in total income, as arrived at

19. Add: Income(s) specified in S. 28(ii) to 28(vi)
not included in 14

560

561

20. Add: Deemed income(s) u/s 33AB, 33ABA, 35ABA, 41, 72A, 80HHD, 80IA etc., not
included in 14 above

Section____________ Amount_______________

Total 564

565

21. Deduct: Allowance u/s 35A, 35AB, 35AB, 35ABB, 35D, 35E etc.

Section	Year No.	Instalment	Amount debited in A/cs	Amount allowable

Total

568

569

22 Add: Adjustment on account of profit

570

571

includible u/s 44B, 44BB and 44BBA

23 Add/deduct: Adjustments in accordance
with Ss 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 as allowable as per the act

574

575

25 Add/deduct: Adjustment on a/c of scientific
research expenses u/s 35 (i)(iv), if any

576

577

26 Profits and gains of business or profession
other than speculation business

578

(III) COMPUTATION OF INCOME FROM SPECULATION BUSINESS

27 PRIFIT/LOSS FROM SPECULATION BUSINESS

580

28. Add/Deduct: Adjustments in accordance

583

with Ss. 28 to 44D, if any necessary

29. Balance-Profit from speculation business
(27-28)

584

[If this figure is negative, it shall be shown against below)

30. Deduct: Loss if any, of business and

585

      profession, at 26 above to the extent
      speculation profit is available [n the
      resultant negative figure, if any shall be
      shown against 35(ii) below]

31 Balance-(29-30)

586

32. Deduct: Brought foward 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)

589

35. Current year's losses remaining unadjusted;

i) Speculation loss, i.e. the negative figure, if
any, at 29 or 33.

591

     ii) Loss from business or profession after set
         off against current year's speculation profit
         at 30 above.
(The above negative figure(s) shall be shown in Schedule F.1 to F.3)

592

D. 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 Improvement, wherever considered necessary may be shown against item no.7.

A. Short-term Asset

B.Long-term Asset

1. Number of sheets 601 (incase of more than one asset only)

Sheet No. 602

2. Particulars of asset transferred

603

______________________

653

________________________

3. Date of Acquisition (DDMMYYYY)

604

654

4. Date of transfer (DDMMYYYY)

605

655

5. Mode of transfer

606

______________________

656

__________________________

6. Full value of consideration

607

______________________

657

__________________________

7. Deduction u/s 48

(i) cost of acquisition

609

659

(ii) cost of improvement

610

660

(iii) expenditure on transfer

611

661

8. Total of 7 above

615

665

9. Balance (6-8)

616

666

10. Exemption u/s

54 631 54B 632

54 667 54B 668

54D 623 54G 634

54D 669 54EA 670

54EB671 54EC 672

54F 673 54G 674

11. Balance (9-10)

630

680

12. Amount deemed to be Capital Gains u/s

54 631 54B 632

54 681 54B 682

54D 623 54G 634

54D 683 54F 684

54G 685

13. Total (11 + 12)

640

690

14. Total of 13 (in case of more than
one short/long term asset, give
total of all sheets

642

692

15. Deemed short term capital gain
on depreciable assets (se. 50)

643

16. Particulars of transfer claimed exempt u/s 47:

Nature of asset	Date of transfer	Amount/Value	Relevant clause of section 47

17. Income chargeable under the head "CAPITAL GAINS"

A. Short Term (14 + 15)

649

B. Long term (14) 699

18. Information about accrual/receipt of capital gains

	Upto 15/6	16/6 to 15/9	16/9 to 15/12	16/12 to 15/3	16/3 to 31/3/
Short term	Rs. ____________	Rs. ____________	Rs. ____________	Rs. ____________	Rs. ____________
Long term	Rs. ____________	Rs. ____________	Rs. ____________	Rs. ____________	Rs. ____________

SCHEDULE -E. INCOME FROM OTHER SOURCES

Code Amount Code Amount

1. Income* other than from owning race horse(s):-

460

(a) Dividends [other than those claimed exempt
u/s 10(33) ............................................................

461

(b) Interest ..........................................................

462

464

(d) Others ...........................................................

470

2. Total of 1 above .........................................................................................................................

3. Deduction u/s 57:-

(a) Depreciation .....................................................

(b) ............................................................................

4. Total of 3 above ................................................................................................................

471

5. Balance[2-4] .......................................................................................................................

473

6. (a) Income from owning and maintaining race
horses ..................................................................

474

(b) Deductions u/s 57 ............................................

475

7. Balance income from owning and maintaining rase horse(s) [6(a) -6(b)] ...........................

476

[Negative figure, if any, shall be shown in Sch. F.3]

8. Winnings from lotteries, cross word puzzles, races etc. (see sec. 115BB)

478

9. INCOME CHARGEABLE UNDER THE HEAD "INCOME FROM OTHER SOURCES"
(5+7+8) .....................................................................................................................................

499

[Negative figure, if any, in item 7 shall not be considered here]

* Indicate the gross amount against sub items (a) to (d)

F. 1 STATEMENT OF SET-OFF OF CURRENT YEAR'S LOSS UNDER SECTION 71.

Fill in this sub-part only if there is loss from any of the following sources for set-off against income form any other source; else, write N.A.
Amount of loss arising from house property (see item B-17)                                                                                             Rs. _________________
Amount of loss from business (excluding speculation loss) [see item C-26]                                                                   Rs. _________________
Amount of loss from other sources (excluding loss from race horses) [see item E-4]                                                    Rs. _________________

S.No.	Head/Source of income	Income of current year	House property of the current year	Business loss (other than speculation loss) of the current set off*	Other sources loss (other than loss from owning race horses) of the current year set off	Current year's income remaining after setoff'
S.No.	Head/Source of income
1.	Salaries
2.	House Property
3.	Business (including speculation profit)
4.	Short term capital gain
5.	Long term capital gain
6.	Other sources (including profit from owning race horses)

SCHEDULE- F.2. STATEMENT OF SET-OFF OF UNABSORBED LOSSES AND ALLOWANCES
BROUGHT FORWARD FROM EARLIER YEAR

S.No.	Head/Source of Income	Income after set off if any, of current year's losses as per Sch:F.1	Brought forward loss set-off	Brought forward depreciation set-off	Brought forward allowance u/s. 35(4) set-off	Current year's Income remaining after set-off
		(i)	(ii)	(iii)	(iv)	(v)
1.	House Property
2.	Business (including speculation profit)
3.	Short term capital gain
4.	Long term capital gain
5.	Other sources (including profit from owning race horses)

F.3 UNABSORBED LOSSES AND ALLOWANCES BROUGHT FORWARD FROM PRECEDING ASSESSMENT YEARS

S.No.

8th

7th

6th

5th

4th

3rd

2nd

1st

Total amount brought forward

Amount set off against current year's income

Amount c/f inclu ding current year's amount

Assessment year

Date of which return filed

House Property loss

Speculation business loss

Business depreciation

Other business loss

Allowance u/s 35(4)

Loss under "capital gains"

Loss from owning race horses

SCHEDULE - G. STATEMENT OF TOTAL INCOME

A. Salaries ____________________________________ (Sch.A.10 or F.1.1.v)

701

B. Income from house property _____________________ (Sch.B. 17 or F.2.1.v)

702

C. Profits and gains of business or profession __________ (Sch. B. 17 or F.2.2.v)

703

D. Capital gains

(i) Short term ___________________________ (Sch.D17A or F.2.3.v)

704

(ii) Long term ___________________________ (Sch.D.17B or F.2.4.v)

705

E. Income from other sources ______________________ (Sch. E. 9 or F.2.5.v)

706

Total (A to E) __________________________________________________

707

Gross Total Income _____________________________________________

746

DEDUCTION UNDER CHAPTER VI-A (wherever admissible)

Section	Code*	Gross Amount (Rs.)	Qualifying Amount (Rs.)	Deductible Amount (Rs.)	Certificates attached
		1	2	3	4

Total 747

Total (3-4) _____________________________________________________

751

TOTAL INCOME (as rounded of to the nearest multiple of ten)

760

INCOME FOR RATE PURPOSES:- Net agricultural income _________________

762

Any other income under chapter VII _________________

763

Total

767

765

Income included in Schedules A to E arising to spouse/minor child/son's wife or
any other person or association of persons. ____________________________

Name & relationship of such person

766

INCOME INCLUDED IN SCHEDULE A to E WHICH IS CHARGEABLE TO TAX

AT SPECIAL RATES*

nature of income chargeable to tax at special rates	Section under which chargeable	Amount of Income	Rate of tax applicable	Amount of tax (Rs.)

10.

Total income chargeable at special rate

768

11.

Total income chargeable at special rate (6-10)

771

SCHEDULE- H. STATEMENT OF TAXES

Tax on total income

(a) At special rates 801

(b) At normal rates 802

Tax on total income [1(a) + (b)] ...................................................................................................................

810

Rebate under sections 88, 88B, 88C:

(Please specify Item)	Gross Amount (Rs.)	Qualifying Amount (Rs.)	Tax Rebate admissible
	1	2	3
(a) u/s 88


Total 812
(b) u/s 88B 813
(c) u/s 88C 814

Total rebate [3(a) + 3(b) + 3(c)] _________________________________________________

820

Balance tax (2-4) ____________________________________________________________

827

Surcharge (on 5 above) _______________________________________________________

828

Tax payable (5 + 6) __________________________________________________________

832

Relief u/s 89 90 91 __________________________________________

837

Balance tax payable (7-8) _____________________________________________________

841

10.

Add Interest for:

(a) Late filing of return u/s 234A 842

(b) Default in payment of Advance tax u/s 234B 843

11.

Total of 10 ________________________________________________________________

846

12.

Balance tax payable (9-1) _____________________________________________________

851

13.

Prepaid Taxes:

(A) Advance tax (Attach Challans)

Up to 15/9 858		16/9 to 15/12 859	16/12 to 15/03 860	16/03 to 31/03 861	Total 862
Amount (Rs)	1
Date	2
Name of Bank
Branch

(B) Tax Deductd/Collected at Source: [Atach certificate(s)):

(a) Salaries ..................................................... 868

(b) Interest ..................................................... 869

(d) Total of [(a) to (c)] ........................................................................................................................

873

	Date of payment	Income Tax (Rs.)	Interest as per 10 above (Rs.)	Total (Rs.)
	1	2		3
875

(D) Other prepaid taxes, if any

876

Please specify and attach proof) .......................................................................................................

14.

TOTAL[13(A)+13(b)+13(C)+13(D)] .......................................................................................................

892

15.

TAX AND INTEREST PAYABLE(12-14) ..............................................................................................

893

16.

REFUND DUE, IF ANY (12-14) ...............................................................................................................

895

SCHEDULE-I, GENERAL INFORMATION

Is there any change in your name ?

If yes, please furnish your Old Name

New Name (Please attach documentary proof)

Shri Smt Kumar

(Please expand initials)

Last Name/Surname

First Name

Middle Name

in case of change in address, please furnish new address (tick)

A. Residence or B. Office

Flate/Door/Block No.

Name or premises/building/Village

Road/Street/Lane/PostOffice

Area/Locality/Taluka/Sub-Division

Town/City/District

State/Union Territory Pin

Particulars of bank account (s) starting with the account to which refund if any, is to be credited

Name of the Bank	Address of Bank Branch	Branch Code	Account Number

Particulars of credit card, if any

Name of credit card held	Issued by

Investment, if any, in immovable properties during the year, other than business assets:

Details of property/Investment	Date/Period of Investment	Amount in Rs.	Source

Investments, if any, in excess of Rs. 1,00,000 in movable assets during the year, other than business assets:

Nature of asset/investment	Date of Investment	Amount in Rs.	Source

Details of expenditure on education of children

S. No.	Name of child	Class and Institution where studying	Expenditure during the year
1.
2.
3.

Expenditure on vehicles owned by self/dependent family members

S. No.	name of the owner	Make & Model with registration No.	Year of purchase

Other expenditure/outgoings, if any, in excess of Rs. 50,000 during the year, other than business expenses:

Nature of expenditure/outgoings	Date of Expenditure	Amount in Rs.	Source

10.

In case of a firm/AOP/BOI, please furnish the following information:

Name of the partner/member	Profit sharing ratio	Interest paid to partner/member (Rs.)	Salary/remuneration paid to partner/member (Rs.)	Commission/bonus paid to partner/member (Rs.)

11.

Income claimed exempt:

Nature of Income	Amount in Rs.	Reasons for claim

12.

Foreign Travel undertaken during the year by self/dependents

13.

Have you claimed any Double taxation relief

(i) under agreement with any country .................................................................... Yes No

(ii) In respect of a country with which no agreement exists ................................. Yes No

If yes, Name of the country ___________________________________

14.

Are you assessed to Wealth tax __________________________________ Yes No

(If yes, the wealth tax return should be filed along with this return)

15.

Are you an NRI in whose case any part of income is to be taxed under chapter - XIIA Yes No

(If yes, please file the details on a separate sheet)

Sd/-
(Batsala Jha Yadav)
Under Secretary to the Government of India

Issued by:
Government of India, Ministry of Finance
Department of Revenue
(Central Board of Direct Taxes), New Delhi

* Fill in code as mentioned in Instructions ,. In case of Individuals
*** Any person making a false statement in the return or the accompanying schedules or statements shall be liable to be prosecuted under
section 277 of the Income-tax Act, 1961 and on conviction be punishable under that section with rigorous imprisonment and with fine