Income Tax Return (ITR) 3 Form Filing in Mumbai
The structure of Form ITR 3 return filing in Mumbai.
ITR-3 is divided into while ITR 3 Return filing in Mumbai is divided into:
Part A includes:
Part A-GEN: General information and Nature of Business.
Part A-BS: Balance Sheet as of March 31, 2020, of the Proprietary Business or Profession.
Part A- Manufacturing Account: Manufacturing Account for the financial year 2019-20
Part A- Trading Account: Trading Account for the financial year 2019-20
Part A-P&L: Profit and Loss for the Financial Year 2019-20
Part A-OI: Other Information (optional in a case not liable for audit under Section 44AB)
Part A-QD: Quantitative Details (optional in a case not liable for audit under Section 44AB)
Schedule-S: Computation of income under the head salaries.
Schedule-HP: Computation of income under the head Income from House Property
Schedule BP: Computation of income from business or profession
Schedule-DPM: Computation of depreciation on plant and machinery under the Income-tax Act
Schedule DOA: Computation of depreciation on other assets under the Income-tax Act
Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act
Schedule DCG: Computation of deemed capital gains on the sale of depreciable assets
Schedule ESR: Deduction under section 35 (expenditure on scientific research)
Schedule-CG: Computation of income under the head Capital gains.
Schedule 112A: Details of Capital Gains where section 112A is applicable
Schedule 115AD(1)(iii) Provision: For Non-Residents Details of Capital Gains where section 112A is applicable
Schedule-OS: Computation of income under the head Income from other sources.
Schedule-CYLA-BFLA: Statement of income after set off of current year’s losses and Statement of income after set off of unabsorbed loss brought forward from earlier years.
Schedule-CYLA: Statement of income after set off of current year’s losses
Schedule BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
Schedule CFL: Statement of losses to be carried forward to future years.
Schedule- UD: Statement of unabsorbed depreciation.
Schedule ICDS: Effect of Income Computation Disclosure Standards on Profit
Schedule- 10AA: Computation of deduction under section 10AA.
Schedule 80G: Statement of donations entitled for deduction under section 80G.
Schedule RA: Statement of donations to research associations etc. entitled for deduction under section 35(1)(ii) or 35(1)(ii) or 35(1)(iii) or 35(2AA)
Schedule- 80IA: Computation of deduction under section 80IA.
Schedule- 80IB: Computation of deduction under section 80IB.
Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.
Schedule VIA: Statement of deductions (from total income) under Chapter VIA.
Schedule SPI-SI-IF: Income of specified persons (spouse, minor, etc) includable in the income of the assessee, Income chargeable at special rates, info partnership firms in which assessee is a partner
Schedule AMT: Computation of Alternate Minimum Tax Payable under Section 115JC
Schedule AMTC: Computation of tax credit under section 115JD
Schedule SPI: Statement of income arising to spouse/ minor child/ son's wife or any other person or association of persons to be included in the income of the assessee in Schedules-HP, BP, CG, and OS.
Schedule SI: Statement of income which is chargeable to tax at special rates
Schedule-IF: Information regarding partnership firms in which the assessee is a partner.
Schedule EI: Statement of Income not included in total income (exempt incomes)
Schedule PTI: Pass-through income details from a business trust or investment fund as per section 115UA, 115UB
Schedule TPSA: Secondary adjustment to transfer price as per section 92CE(2A)
Schedule FSI: Details of income from outside India and tax relief
Schedule TR: Statement of tax relief claimed under section 90 or section 90A or section 91.
Schedule FA: Statement of Foreign Assets and income from any source outside India.
Schedule 5A: Information regarding apportionment of income between spouses governed by Portuguese Civil Code
Schedule AL: Asset and Liability at the end of the year(applicable where the total income exceeds Rs 50 lakhs)
Schedule DI: Schedule of tax-saving investments or deposits or payments to claim deduction or exemption in the extended period from 1 April 2020 until 30 June 2020
Schedule GST: Information regarding turnover/ gross receipt reported for GST
Part B-TI: Computation of Total Income.
Part B-TTI: Computation of tax liability on total income.
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