9911796707
TMI BlogStatement of particulars required to be furnished under Section 44AB of the Income Tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... re of business or profession (if more than one business or profession is carried on during the previous year, nature of every business or profession) (b) If there is any change in the nature of business or profession, the particulars of such change. 11. (a) Whether books of account are prescribed under section 44AA, if yes, list of books so prescribed. (b) List of books of account maintained and the address at which the books of accounts are kept. (In case books of account are maintained in a computer system, mention the books of account generated by such computer system. If the books of accounts are not kept at one location, please furnish the addresses of locations along with the details of books of accounts maintained at each location.) (c) List of books of account and nature of relevant documents examined. 12. Whether the profit and loss account includes any profits and gains assessable on presumptive basis, if yes, indicate the amount and the relevant section (30[44AD, 44ADA], 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, 42[44BBC] Chapter XII-G, First Schedule or any other relevant section.) 13.(a) Method of accounting employed in the previous year (b) Whether there had b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... loss account, being, - (a) the items falling within the scope of section 28; (b) the pro forma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or value added tax where such credits, drawbacks or refunds are admitted as due by the authorities concerned; (c) escalation claims accepted during the previous year; (d) any other item of income; (e) capital receipt, if any. 25[17. Where any land or building or both is transferred during the previous year for a consideration less than value adopted or assessed or assessable by any authority of a State Government referred to in section 43CAor 50C,please Details of property Consideration received or accrued Value adopted or assessed or assessable Whether provisions of second proviso to subsection (1) of section 43CA or fourth proviso to clause (x) of sub-section (2) of section 56 applicable? [Yes/No] ] 18. Particulars of depreciation allowable as per the Income Tax Act, 1961 in respect of each asset or block of assets, as the case may be, in the following form :- (a) Description of asset/block of assets. (b) Rate of depreciation. (c) Actual c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... received from employees for various funds as referred to in section 36(1)(va): Serial number Nature of fund Sum received from employees Due date for payment The actual amount paid The actual date of payment to the concerned authorities 21. (a) Please furnish the details of amounts debited to the profit and loss account, being in the nature of capital, personal, advertisement expenditure etc Nature Serial number Particulars Amount in Rs. Expenditure incurred at clubs being cost for club services and facilities used. 34[Expenditure for any purpose which is an offence or is prohibited by law or expenditure by way of penalty or fine for violation of any law (enacted in India or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... debited to profit and loss account being, interest, salary, bonus, commission or remuneration inadmissible under section 40(b)/40(ba) and computation thereof; (d) Disallowance/deemed income under section 40A(3): (A) On the basis of the examination of books of account and other relevant documents/evidence, whether the expenditure covered under section 40A(3) read with rule 6DD were made by account payee cheque drawn on a bank or account payee bank draft. If not, please furnish the details: Serial number Date of payment Nature of payment Amount Name and Permanent Account Number of the payee, if available (B) On the basis of the examination of books of account and other relevant documents/evidence, whether the payment referred to in section 40A(3A) read with rule 6DD were made by account payee cheque drawn on a bank or account payee bank draft If not, please furnish the details of amount deemed to be the profits and gains of business or profession under section 40A(3A); Serial number Date of payment Nature of payment Amount Name and Permanent Account Number of the payee, if available (e) provision for payment of gratuity not allowable under section 40A(7) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 56? (Yes/No) (b) If yes, please furnish the following details: (i) Nature of income: (ii) Amount (in Rs.) thereof:] 30. Details of any amount borrowed on hundi or any amount due thereon (including interest on the amount borrowed) repaid, otherwise than through an account payee cheque. [Section 69D] 12[30A. (a) Whether primary adjustment to transfer price, as referred to in sub-section (1) of section 92CE, has been made during the previous year? (Yes/No) (b) If yes, please furnish the following details:- (i) Under which clause of sub-section (1) of section 92CE primary adjustment is made? (ii) Amount (in Rs.) of primary adjustment: (iii) Whether the excess money available with the associated enterprise is required to be repatriated to India as per the provisions of sub-section (2) of section 92CE? (Yes/No) (iv) If yes, whether the excess money has been repatriated within the prescribed time (Yes/No) (v) If no, the amount (in Rs.) of imputed interest income on such excess money which has not been repatriated within the prescribed time: 30B. (a) Whether the assessee has incurred expenditure during the previous year by way of interest or of similar nature exceeding one cro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [Dropdown to be provided]] (iii) whether the specified sum was taken or accepted by cheque or bank draft or use of electronic clearing system through a bank account; (iv) in case the specified sum was taken or accepted by cheque or bank draft, whether the same was taken or accepted by an account payee cheque or an account payee bank draft. (Particulars at (a) and (b) need not be given in the case of a Government company, a banking company or a corporation established by the Central, State or Provincial Act.) 13[(ba) Particulars of each receipt in an amount exceeding the limit specified in section 269ST, in aggregate from a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasion from a person, during the previous year, where such receipt is otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account:- (i) Name, address and Permanent Account Number (if available with the assessee) of the payer; (ii) Nature of transaction; (iii) Amount of receipt (in Rs.); (iv) Date of receipt; (bb) Particulars of each receipt in an amount exceeding the limit specified in section 269ST, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of electronic clearing system through a bank account; (v) in case the repayment was made by cheque or bank draft, whether the same was 14[repaid] by an account payee cheque or an account payee bank draft. (d) Particulars of repayment of loan or deposit or any specified advance in an amount exceeding the limit specified in section 269T received otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account during the previous year:- (i) 4[ name, address and Permanent Account Number (if available with the assessee) of the payer; ] (ii) 15[repayment] loan or deposit or any specified advance received otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account during the previous year. (e) Particulars of repayment of loan or deposit or any specified advance in an amount exceeding the limit specified in section 269T received by a cheque or bank draft which is not an account payee cheque or account payee bank draft during the previous year:- (i) 5[ name, address and Permanent Account Number (if available with the assessee) of the payer; ] (ii) 16[repayment] loan or deposit or any specified ad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in explanation to section 73, if yes, please furnish the details of speculation loss if any incurred during the previous year. 33. Section-wise details of deductions, if any, admissible under Chapter VIA or Chapter III (Section 10A, Section 10AA). Section under which deduction is claimed Amounts admissible as per the provision of the Income Tax Act, 1961 and fulfils the conditions, if any, specified under the relevant provisions of Income Tax Act, 1961 or Income Tax Rules,1962 or any other guidelines, circular, etc, issued in this behalf. 34. (a) Whether the assessee is required to deduct or collect tax as per the provisions of Chapter XVII-B or Chapter XVII-BB, if yes please furnish: Tax deduction and collection Account Number (TAN) Section Nature of payment Total amount of payment or receipt of the nature specified in column (3) Total amount on which tax was required to be deducted or collected out of (4) Total amount on which tax was deducted or collected at specified rate out of (5) Amount of tax deducted or collected out of (6) Total amount on which tax was deducted or collected at less than specified rate out of (7) Amount of tax deducte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se furnish the following details: (i) Amount received (in Rs.) (ii) Cost of acquisition of shares bought back] 37. Whether any cost audit was carried out, if yes, give the details, if any, of disqualification or disagreement on any matter/item/value/quantity as may be reported/identified by the cost auditor. 38. Whether any audit was conducted under the Central Excise Act, 1944, if yes, give the details, if any, of disqualification or disagreement on any matter/item/value/quantity as may be reported/identified by the auditor. 39. Whether any audit was conducted under section 72A of the Finance Act,1994 in relation to valuation of taxable services, Finance Act,1994 in relation to valuation of taxable services, if yes, give the details, if any, of disqualification or disagreement on any matter/item/value/quantity as may be reported/identified by the auditor. 40. Details regarding turnover, gross profit, etc., for the previous year and preceding previous year: Serial number Particulars Previous year Preceding previous year 1. Total turnover of the assessee 2. Gross profit/turnover 3. Net profit/turnover ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 33/2014 dated 25-7-2014 2. Substituted vide Not. 88/2016 - Dated 29-9-2016 w.e.f. 1st April, 2017, before it was read as, "(d) Details of deviation, if any, in the method of accounting employed in the previous year from accounting standards prescribed under section 145 and the effect thereof on the profit or loss." 3. Substituted vide Not. 58/2017 - Dated 3-7-2017 w.e.f. 19th day of July 2017, before it was read as, "31. *(a) Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year :- (i) name, address and permanent account number (if available with the assessee) of the lender or depositor; (ii) amount of loan or deposit taken or accepted; (iii) whether the loan or deposit was squared up during the previous year; (iv) maximum amount outstanding in the account at any time during the previous year; (v) whether the loan or deposit was taken or accepted otherwise than by an account payee cheque or an account payee bank draft. *(These particulars needs not be given in the case of a Government company, a banking company or a corporation established by a Central, State or Provincial Act.) (b) Par ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee has furnished the statement of tax deducted or tax collected within the prescribed time. If not, please furnish the details: Tax deduction and collection Account Number (TAN) Type of Form Due date for furnishing Date of furnishing, if furnished Whether the statement of tax deducted or collected contains information about all transactions which are required to be reported" 18. Inserted vide Notification G.S.R. 666(E) dated 20-07-2018 19. Inserted vide Notification G.S.R. 666(E) dated 20-07-2018 20. Substituted vide Notification No. 95/2019 dated 06-11-2019 w.e.f. 01-09-2019 before it was read as "Permanent Account Number (PAN)" 21. Inserted vide NOTIFICATION NO. 82/2020 dated 01-10-2020 22. Inserted vide NOTIFICATION NO. 82/2020 dated 01-10-2020 23. Substituted vide NOTIFICATION NO. 82/2020 dated 01-10-2020 before it was read as "32.(a) Details of brought forward loss or depreciation allowance, in the following manner, to the extent available : Serial Number Assessment Year Nature of loss / allowance (in rupees) Amount as returned (in rupees) Amounts as assessed (give reference to relevant order) Remarks" 24. Sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 27/2024 dated 05-03-2024 before it was read as, "(ca) Adjustment made to the written down value under section 115BAC/115BAD (for assessment year 2021-2022 only)......" 32. Inserted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 33. Inserted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 34. Substituted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 before it was read as, "Expenditure by way of penalty or fine for violation of any law for the time being force" 35. Inserted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 36. Substituted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 before it was read as, "Expenditure incurred for any purpose which is an offence or which is prohibited by law" 37. Substituted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 before it was read as, "payer" 38. Inserted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 39. Substituted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 before it was read as, "115BAD" 40. Substituted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 before it was read as, "115BAD^" 41. Substituted vide NOTIFICATION NO. 27/2024 dated 05-03-2024 before it was read as, "To ..... X X X X Extracts X X X X X X X X Extracts X X X X
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