Few updates in the ITR of AY14- 15 1. There are no refund by - TopicsExpress

Few updates in the ITR of AY14- 15 1. There are no refund by Cheque and only e-refund will be allowed 2. Claim of TDS/TCS credit of earlier years – Hence if we don’t have sufficient income we can carried forward the credit benefit 3. CIN/LLPIN in ITR has to be filled by Company/LLP 4. Buy back of shares must be reported in the ITR by CHC 5. PAN of Debtors has to be provided if the assessee is claimed Bad debts 6. In Capital gain Computation - Details U/s. 50 C is required to be reported - Sale of securities by FII’s 7. Gains U/s. 43CA under PGBP 8. Special income tax Return has to be shown separately 9. Payment details to Non-residents required to be reported in ITR 10. Changes in ITR5/7 - ITR 5 includes Private discretionary trust - In ITR 7 following details has to be reported: a. Registration No. & Registration Authority b. Accumulation of Income details c. Voluntary contribution like whether from foreign or anonymous

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