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 ..... ssion (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 , Chapter XII-G , First Schedule or any other relevant section.) 13.(a) Method of accounting employed in the previous year (b) Whether there had been any change in the method of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 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 cost of written down value, as the case may be. 26 [ 31 [ (ca) Adjustment made to the written down value (i) under the proviso to sub-section (3) of section 115BAA (for assessment year 2020-21 only); (ii) under the first proviso to sub-section (3) of section 115BAC or the proviso to sub-section (3) of 115BAD (for assessment year 2021-22 only); (iii) under the second proviso to sub-section (3) of section 115BAC (for assessment year 2024-25 only). ] (cb) Adjustment made to written down value of Intangible asset due to excluding value of goodwill of a business or prof ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f such benefit or perquisite by such person is in violation of any law or rule or regulation or guideline, as the case may be, for the time being in force, governing the conduct of such person ] (b) Amounts inadmissible under section 40(a) :- (i) as payment to non-resident referred to in sub-clause (i) (A) Details of payment on which tax is not deducted: (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (B) Details of payment on which tax has been deducted but has not been paid during the previous year or in the subsequent year before the expiry of time prescribed under section 200(1) (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (V) amount of tax deducted (ii) as payment referred to in sub-clause (ia) (A) Details of payment on which tax is not deducted: (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (B) Details of payment on which tax has been deducted but has not been paid on or before the due date specified in sub- section (1) of section 139 . (I) date of payment (II) amount of payment (III) nature of payment (IV) name ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mputation thereof. 26. In respect of any sum referred to in clause (a),(b), (c), (d), (e), (f) or (g) of section 43B , the liability for which:- (A) pre-existed on the first day of the previous year but was not allowed in the assessment of any preceding previous year and was (a) paid during the previous year; (b) not paid during the previous year; (B) was incurred in the previous year and was (a) paid on or before the due date for furnishing the return of income of the previous year under section 139(1) ; (b) not paid on or before the aforesaid date. (State whether sales tax, customs duty, excise duty or any other indirect tax, levy, cess, impost, etc., is passed through the profit and loss account.) 27. (a) Amount of Central Value Added Tax credits availed of or utilised during the previous year and its treatment in the profit and loss account and treatment of outstanding Central Value Added Tax credits in the accounts. (b) Particulars of income or expenditure of prior period credited or debited to the profit and loss account. 28. Whether during the previous year the assessee has received any property, being share of a company not being a company in which the public are substantia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of section 94B: A.Y. Amount (in Rs.) 30C. (a) Whether the assessee has entered into an impermissible avoidance arrangement, as referred to in section 96, during the previous year? (Yes/No) (b) If yes, please specify:- (i) Nature of the impermissible avoidance arrangement: (ii) Amount (in Rs.) of tax benefit in the previous year arising, in aggregate, to all the parties to the arrangement: ] 3 [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 by cheque or bank draft or use of electronic clearing system through a bank account; (vi) in case the loan or deposit 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. (b) Particulars of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs.); (iv) Date of payment; (bd) Particulars of each payment in an amount exceeding the limit specified in section 269ST, in aggregate to a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasion to a person, made by a cheque or bank draft, not being an account payee cheque or an account payee bank draft, during the previous year:- (i) Name, address and Permanent Account Number (if available with the assessee) of the payee; (ii) Amount of payment (in Rs.); (Particulars at (ba), (bb), (bc) and (bd) need not be given in the case of receipt by or payment to a Government company, a banking Company, a post office savings bank, a cooperative bank or in the case of transactions referred to in section 269SS or in the case of persons referred to in Notification No. S.O. 2065(E) dated 3rd July, 2017) ] (c) Particulars of each repayment of loan or deposit or any specified advance in an amount exceeding the limit specified in section 269T made during the previous year:- (i) name, address and Permanent Account Number (if available with the assessee) of the payee; (ii) amount of the repayment; (iii) maximum amount outstanding in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , as applicable. ]] (b) Whether a change in shareholding of the company has taken place in the previous year due to which the losses incurred prior to the previous year cannot be allowed to be carried forward in terms of section 79 . (c) Whether the assessee has incurred any speculation loss referred to in section 73 during the previous year, If yes, please furnish the details of the same. (d) whether the assessee has incurred any loss referred to in section 73A in respect of any specified business during the previous year, if yes, please furnish details of the same. (e) In case of a company, please state that whether the company is deemed to be carrying on a speculation business as referred 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the previous year; (iv) sales during the previous year; (v) closing stock; (vi) shortage/excess, if any. 36. 28 [ **** ] 18 [ 36A. (a) Whether the assessee has received any amount in the nature of dividend as referred to in sub-clause (e) of clause (22) of section 2? (Yes/No) (b) If yes, please furnish the following details:- (i) Amount received (in Rs.): (ii) Date of receipt: ] 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 th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -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) Particulars of each repayment of loan or deposit in an amount exceeding the limit spec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. Substituted vide NOTIFICATION NO. 28/2021 dated 01-04-2021 before it was read as 21 [ 8a. Whether the assessee has opted for taxation under section 115BA/115BAA/115BAB? ] 25. Substituted vide NOT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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