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    AY 2005-06 Saral Form 2D

    Uploaded by

    Vinod Varma
    This document contains instructions for filling out Form No. 2D, known as the SARAL form, which is an income tax return form for non-corporate assessees in India other than those claiming exemption. The form collects personal information about the assessee such as name, address, PAN number, and income details from various sources including salary, house property, business, capital gains, and other sources. Instructions are provided for filling out each section and calculating tax payable, rebates, taxes deducted, and the net tax amount. Supporting documents are required to be attached for items such as income computations and proofs of tax payments.

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    Download as PDF, TXT or read online from Scribd

    AY 2005-06 Saral Form 2D

    Uploaded by

    Vinod Varma
    1K views2 pages
    This document contains instructions for filling out Form No. 2D, known as the SARAL form, which is an income tax return form for non-corporate assessees in India other than those claiming exemption. The form collects personal information about the assessee such as name, address, PAN number, and income details from various sources including salary, house property, business, capital gains, and other sources. Instructions are provided for filling out each section and calculating tax payable, rebates, taxes deducted, and the net tax amount. Supporting documents are required to be attached for items such as income computations and proofs of tax payments.

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    This document contains instructions for filling out Form No. 2D, known as the SARAL form, which is an income tax return form for non-corporate assessees in India other than those claiming exemption. The form collects personal information about the assessee such as name, address, PAN number, and income details from various sources including salary, house property, business, capital gains, and other sources. Instructions are provided for filling out each section and calculating tax payable, rebates, taxes deducted, and the net tax amount. Supporting documents are required to be attached for items such as income computations and proofs of tax payments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views2 pages

    AY 2005-06 Saral Form 2D

    Uploaded by

    Vinod Varma
    This document contains instructions for filling out Form No. 2D, known as the SARAL form, which is an income tax return form for non-corporate assessees in India other than those claiming exemption. The form collects personal information about the assessee such as name, address, PAN number, and income details from various sources including salary, house property, business, capital gains, and other sources. Instructions are provided for filling out each section and calculating tax payable, rebates, taxes deducted, and the net tax amount. Supporting documents are required to be attached for items such as income computations and proofs of tax payments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    FORM NO.

    2D

    SARAL

    ITS 2D
    2. Fathers name : _______________________________________________ 4. Permanent Account Number : ___________________________________ 5. Date of Birth : _______________________________________________ 7. Resident/Non-Resident/Not Ordinarily Resident 9. Sex : Male/Female 12. Return : Original or Revised :___________________________________ Type of Account (Savings/Current) Account Number ECS (Y/N)

    [*Income -tax return form for non-corporate assessees other than persons claiming exemption under section 11] [See proviso to rule 12(1)(b)(iii)]
    1. Name : ________________________________________________________________ 3. Address : ______________________________________________________________ Pin :___________________ Telephone :_________________________________ 6. Individual/Hindu Undivided Family/ Firm/Association of persons/Local Authority : 8. Ward/Circle/Special Range : _______________________________________ 10. Income for the previous year, i.e., 1-4__________to 31-3_____________ 11. Assessment year : ______________________________________________ 13. Particulars of Bank Account (Mandatory in Refund Cases) Name of the Bank MICR Code (9 digit) Address of Bank Branch

    14. Details of credit card : Credit Card Number: 15. Income from salary (attach Form No. 16) 16. Income from house property 17. (i) Income from business or profession (ii) Profits and gains from transactions chargeable to securities transaction tax[Included in (i) above] 18. CAPITAL GAINS 15/9 15/12 (a) Short-term(u/s111A) 676 677 (b) Short -term(others) (c) Long-term 645 695
    646 696

    Issued by: 15/3 678 647 697 679 648 698 31/3 710 704 705 Total

    701 702 703 597

    Rs. Rs. Rs. Rs.

    776 706 775 746

    Rs. Rs. Rs. Rs.

    19. Income from other sources 20. Income of any other person to be added

    21. Gross total income (15+16+17+18+19+20) 22. Less : Deductions under Chapter VI-A : CODE(for office use) Section Amount (Rs.) (a) (b) (c) 23. Total income : (21 22) 24. Add : Agricultural Income (For rate purposes) 25. Income claimed to be exempt from income-tax 26. Tax on total income (a) At normal rates . 772 (b) At special rates (a) u/s 88 812 . 768 (b) u/s 88B 813 Income Income-tax 802 801 (c) u/s 88C 814

    747 760 762 125

    Rs. Rs. Rs. Rs.

    810 820 Rs. 816 817 818 826 828 834 832 837 840

    Rs. Rs.

    27. Less :Rebate (a+b/c+d+e) (d) u/s 88D 815 (e) u/s 88E 818 (i) Tax on profits and gains from transactions chargeable to securities transaction tax [item 26(ii) of Schedule C] (ii) Amount of securities transaction tax paid (Attach Form 10DB/10DC) (iii) Rebate u/s 88E lower of [(i)/(ii) above] 28. TAX PAYABLE 29. ADD : SURCHARGE 30. ADD : EDUCATION CESS 31. TOTAL TAX PAYABLE : (28 + 29 + 30) 32. LESS : RELIEF 33. NET TAX PAYABLE :

    Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

    34. LESS : TAX DEDUCTED AT SOURCE 873 Rs. 35. LESS : ADVANCE TAX PAID Name of the Bank Branch BSR Code of Bank Branch (7 Digit) Date of deposit (DDMMYY) Serial No. of challan

    Amount (Rs.)

    Date of instalment Upto 15/9 (858) Amount 36. Add : Interest payable under sections 37. Less : Self-assessment tax paid Name of the Bank Branch

    16/9 to 15/12 (859) 234A 234B

    16/12 to 15/03 (860) 234C

    16/03 to 31/03 (861) Total 851 888

    Total (862) Rs. Rs. Amount (Rs.)

    BSR Code of Bank Branch (7 Digit) Date of deposit (DDMMYY)

    Serial No. of challan

    38. Balance tax : Payable/refundable DOCUMENTS ATTACHED WITH THE RETURN 1. 3. 5.

    891

    Rs.

    2. 4. 6. VERIFICATION I,_______________________________________________ (name in full and in block letters), son/daughter of _____________ solemnly declare that to th e best of my knowledge and belief, the information given in this return and the annexures and statements accompanying it are 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_______________ Receipt No______________ Date____________ Date : Seal Signature of the receiving official Place : Signature * Please go through the instructions

    Printed from www.taxmann.com

    INSTRUCTION FOR FILLING UP SARAL (2D) (These instructions are non-statutory)


    1. SARAL Form is to be filled in duplicate. One copy is returned to the assessee after being duly acknowledged. With effect from 01.6.1999, the acknowledgement is deemed to be the intimation. No intimation is separately given unless there is a demand or refund. 2. All items should be filled in capital letters. 3. Status (Item No.6)- Please strike out whichever is not applicable. 4. Item no.13: Here, mention the name of the bank, the 9-digit MICR code, address of the bank branch, the type of account, along with your account number. In case you want the refund, if any, to be credited directly into your bank account, fill in Y in the box ECS (Y/N), or else fill in N. 5. Income from house property (Item No.16)- Give the address of the property, its nature - whether let out or self occupied, and the computation of net income shown against item no.16 in a separate annexure. 6. Income from business or profession (Item No.17)- Income from business or profession is required to be shown against this item. Net income as appearing in your profit and loss or income and expenditure account is to be adjusted by disallowable expenses, admissible claims not charged to the accounts, deemed income, etc. This has further to be adjusted by brought forward losses/depreciation, if any, before being shown against item no.17. Attach separate annexure showing the computation of income from business or profession. The income/ loss from speculation business should be shown separately. Also attach trading, profit& loss account, balance sheet, etc., with enclosures including auditors certificate, wherever required. Nature of business/ profession may also be indicated. 7. Capital gains (Item no.18)- Please show only net amount of capital gains against item no.18. The nature of the transferred asset, its date of acquisition, date of transfer, cost of acquisition/ expenses, value of consideration, exemption of capital gains, if any, and adjustment of brought forward losses, etc., should be indicated in a separate annexure. l Capital gains are to be shown separately for short term and long-term. The assets held for more than 3 years (except shares, units etc) are regarded as long term and others as short term. For shares, units etc., the period of holding for long term is more than 12 months. l The dates 15th September, 15th December, 15th March have ramifications on instalments of advance tax payable in relation to capital gains. Therefore capital gains arising in each period (1.4. to 14.9.___, 15.9. to 15.12. and thereafter) should be separately indicated against item no. 18). 8. Income from other sources (Item No.19)- Only net income from other sources such as interest, income from units, etc., to be shown against this item. However, details of such income or expenses incidental thereto should be given in a separate annexures. 9. Income of other persons (Item No.20)- Income of certain other persons like spouse or minor child is liable to be included in your income as per provisions contained in Chapter -V of the Act. 10. Deductions under Chapter VI-A (Item No.22)- Total amount of deductions claimed should be shown section-wise against this item. Detailed computation of deduction, if required, may be given in a separate annexure. 11. Income claimed to be exempt (Item No.25)- If you are claiming certain receipts as exempt from tax, please give full details thereof in a separate annexure. Total amount of exemption claimed should be indicated against this item. 12. Tax on total income (Item No.26)- In the case of Individual/ HUF/AOP/BOI tax is charged for assessment year 2004-05 at 10% for income slab of Rs.50,000 - 60,000, 20% for income slab of Rs.60,001-1,50,000 and at 30% thereafter. Surcharge is levied at the rate of 10% on the tax payable after allowing rebate under Part-A of Chapter VIII of the Income-tax Act on income exceeding Rs.8,50,000/-. Tax rates for co-operative societies are at 10% for income upto Rs.10,000, 20% for income between Rs.10,001-20,000 and 30% thereafter. Tax rate for Firms is 35% without any slab of income. In case of co-operative societies and resident firms, the tax payable would be enhanced by a surcharge at the rate of 2 % of the tax payable. Special rates of tax are applicable on long term capital gains, @ 20% (10% where the asset is a listed security) under section 112, on income by way of winnings from lotteries, crossword puzzles, games, gambling, betting, horse race, etc., @ 30% under section 115BB. Details of income subjected to special rates should be shown in a separate annexure. 13. Rebate (Item No.27)/Relief (Item No.31)- Please indicate the tax rebate available as per section 88 of Income-tax Act, 1961. For individuals who are aged 65 years or more, a rebate of 100% tax (subject to the maximum of Rs.20,000) is available under section 88B for assessment year 2004-2005. For individuals being resident woman, who are aged below 65 years, a rebate of 100% tax (subject to the maximum of Rs.5,000) is available under section 88C Relief is available under section 89/90/91. 14. Taxes deducted/paid (Item No.33 and 34)- Please attach proof of taxes paid. 15. Interest payable (Item No.35)- Interest is charged under section 234A for late filling of return, under section 234B for shortfall in payment of advance tax and under section 234C for deferment of instalments of advance tax. Please show such interest separately. Please note that interest chargeable under section 234A, 234B and 234C is at the rate of one percent with effect from 08.9.2003 onwards. 16. Item No.36: For self assessment tax paid on or before 31.5.2004, (a) should be filled up, and a copy of the challan should be attached with the return. For self assessment tax paid after 31.5.2004, table at (b) should be filled up. Copy of acknowledgement counterfoil (in respect of self assessment tax paid after 31.5.04) is not required to be attached, however, from the counterfoil, the name of the bank branch, BSR Code of the Bank Branch (7 digit), date of deposit, challan serial no., and amount of tax paid should be filled up.

    Printed from www.taxmann.com

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