house property sec 25A and sec 25AA
This query is : Resolved
22 September 2008
sirs
is there a difference between sec 25A and sec 25AA or both mean the same?
thank you
tima
is there a difference between sec 25A and sec 25AA or both mean the same?
thank you
tima
22 September 2008
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION
3, SUB-SECTION (II)
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
New Delhi, the 24th June, 2002
NOTIFICATION
INCOME-TAX
S.O. 659(E).- In exercise of powers conferred by section 295 of the Incometax
Act, 1961 (43 of 1961), the Central Government hereby makes the
following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (Thirteenth
Amendment) Rules, 2002.
(2) They shall come into force on the date of their publication in the
Official Gazette.
2. In the Income-tax Rules, 1962,-
(i) in rule 12, in sub-rule (1), in clause (b), after sub-clause (iii), the
following proviso shall be inserted, namely:-
“ Provided that the assessee to whom clause (b) applies shall also
have the option of filing the return in Form No.2D SARAL;”;
(ii) in Appendix II,-
(a) in Form No.1,-
(i) in Schedule-A. INCOME FROM HOUSE PROPERTY,-
(A) in item 6, for sub-item (b), the following shall be substituted,
namely:-
“(b) Unrealised rent ”;
(B) in item 9,-
(1) in sub-item (a), for the words “Repairs and collection
charges”, the words “Thirty per cent. of the annual value”
shall be substituted;
(2) for sub-item (b), the following shall be substituted, namely:-
“(b) Interest on capital borrowed ”;
(3) sub-items (c), (d) and (e) shall be omitted;
(C) in item 12, for “(u/s 25A)”, substitute “(u/s 25A and/ or u/s
25AA)”;
(D) In item 13, in sub-item (b), for “1/4th”, substitute “30%”;
(ii). In Schedule-C. CAPITAL GAINS,-
(A) in item 10,-
(1) omit “54EA 670” and “54EB 6 7 1 ” ;
(2) after “54EC 672” insert “54ED 6 7 5 ” ;
(B) in item 12,-
after “54D 683” insert “54EA 6 8 6
54EB 687
54EC 688
54ED 689” ;
(b) in Form No.2,-
(i) in item 24, omit “(I-11)”;
(ii) item 37 shall be omitted;
(iii) in Schedule-B. INCOME FROM HOUSE PROPERTY,-
(A) in item 6, for sub-item (b), the following shall be substituted,
namely:-
“(b) Unrealised rent ”;
(B) in item 9,-
(1) in sub-item (a), for the words “Repairs and collection
charges”, the words “Thirty per cent. of the annual value”
shall be substituted;
(2) for sub-item (b), the following shall be substituted, namely:-
“(b) Interest on capital borrowed ”;
(3) sub-items (c), (d) and (e) shall be omitted;
(C) In item 12, for “(u/s 25A)”, substitute “(u/s 25A and/ or u/s
25AA)”;
(D) in item 13, in sub-item (b), for “1/4th”, substitute “30%”;
(iv) in Schedule-D. CAPITAL GAINS,-
(A) in item 10,-
(1) omit “54EA 670” and “54EB 6 7 1 ” ;
(2) after “54EC 672” insert “54ED 6 7 5 ” ;
(B) in item 12,-
after “54D 683” insert “54EA 6 8 6
54EB 687
54EC 688
54ED 689” ;
(v) Schedule-I. GENERAL INFORMATION shall be omitted;
(c) after Form No.2C, the following Form shall be inserted, namely:-
"FORM NO. 2D SARAL ITS – 2D
[*INCOME -TAX RETURN FORM FOR NON -CORPORATE ASSESSEES OTHER THAN PERSONS CLAIMING EXEMPTION UNDER SECTION 11]
[ See proviso to rule 12(1)(b)(iii) ]
DOCUMENTS ATTACHED WITH THE RETURN
1. .............................................. 2. ............................................
3. .............................................. 4. ............................................
5. .............................................. 6. ............................................
Verification
I ......................................(name in full and in block letters), son/daughter of .........................solemnly declare that to
the 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..............
Seal
Signature of the receiving official
762
125
820
828
837
840
873
875
862
760
891
851
832
645
695
646
696
647
697
648
698
704
705
747
772
768
802
801 810
826
Signature
Date :
Place :
706
775
746
776
1. NAME : ______________________________________________________________________
2. FATHER'S NAME : ______________________________________________________________
3. ADDRESS : ___________________________________________________________________
_______________________PIN_______________TELEPHONE________________
4. Permanent Account Number : 8. Ward/Circle/Special Range :
5. Date of Birth : 9. SEX : M/F
6. Individual/Hindu undivided family/Firm 10. Income for the previous year i.e. 1.4.____ to 31.03.____
Association of Persons/Local authority : 11.Assessment Year :
7. Resident/ Non-Resident/Not Ordinarily Resident 12. Return : Original or Revised :
13. Details of Bank Account :
Name of the Bank Address of the Branch Account Number
"Please tick [ ] the bank account, where you would like the amount of refund to be credited.
14. Details of credit card :
Credit Card Number : Issued by :
15. INCOME FROM SALARY (ATTACH FORM NO. 16) ............................................................. Rs. ......................
16. INCOME FROM HOUSE PROPERTY .................................................................................. Rs. ......................
17. INCOME FROM BUSINESS OR PROFESSION .................................................................. Rs. ......................
18. CAPITAL GAINS 15/9 15/12 15/3 31/3 Total
(a) Short Term ______ ______ ______ _____ ______
(b) Long Term ______ ______ _______ _____ ______ Rs. ......................
19. INCOME FROM OTHER SOURCES ................................................................................... Rs. ......................
20. INCOME OF ANY OTHER PERSON TO BE ADDED ........................................................... Rs. ......................
21. GROSS TOTAL INCOME ( 15+16+17+18+19+20).............................................................. Rs. ......................
22. Less : DEDUCTIONS UNDER CHAPTER VI-A ...................................................................
CODE(For Office Use)
(a)
(b)
(c) Rs. ......................
23. TOTAL INCOME : (21- 22) ...................................................................................... Rs. ......................
24. ADD: AGRICULTURAL INCOME (For rate purposes) .............................................. Rs. ......................
25. INCOME CLAIMED TO BE EXEMPT FROM INCOME TAX ..................................... Rs. ......................
26. TAX ON TOTAL INCOME INCOME INCOME-TAX
(a) At normal rates ....................
(b) At Special rates.................... Rs. ......................
27. LESS : REBATE .................................................................................................... Rs. ......................
28. TAX PAYABLE ....................................................................................................... Rs. ......................
29. ADD: SURCHARGE ............................................................................................... Rs. ......................
30. TOTAL TAX PAYABLE : ( 28+29) ............................................................................ Rs. ......................
31. LESS : RELIEF ...................................................................................................... Rs. ......................
32. NET TAX PAYABLE ............................................................................................... Rs. ......................
33. LESS : TAX DEDUCTED AT SOURCE ................................................................... Rs. ......................
34. LESS : ADVANCE TAX PAID
Date Date Date
Amount Amount Amount .......... Rs. ......................
35. ADD : INTEREST PAYABLE U/s 234A 234B 234C Total Rs. ......................
36. LESS : SELF ASSESSMENT TAX PAID ................................................................ Rs. ......................
37. BALANCE TAX : PAYABLE / REFUNDABLE ......................................................... Rs. ......................
701
702
703
SECTION AMOUNT (Rs.)
*Please go through the instructions. These will help you in filing the return.";
(d) in Form No.3,-
(i) in item 24, omit “(SCH H-10)”;
(ii) item 37 shall be omitted;
(iii) in Schedule-B. INCOME FROM HOUSE PROPERTY,-
(A) in item 6, for sub-item (b), the following shall be substituted,
namely:-
“(b) Unrealised rent ”;
(B) in item 9,-
(1) in sub-item (a), for the words “Repairs and collection
charges”, the words “Thirty per cent. of the annual value” shall
be substituted;
(2) for sub-item (b), the following shall be substituted, namely:-
“(b) Interest on capital borrowed ”;
(3) sub-items (c), (d) and (e) shall be omitted;
(C) In item 12, for “(u/s 25A)”, substitute “(u/s 25A and/ or u/s
25AA)”;
(D) In item 13, in sub-item (b), for “1/4th”, substitute “30%”;
(iv). In Schedule-C. CAPITAL GAINS,-
(A) in item 10,-
(1) omit “54EA 670” and “54EB 6 7 1 ” ;
(2) after “54EC 672” insert “54ED 6 7 5 ” ;
(B) in item 12,-
after “54D 683” insert “54EA 6 8 6
54EB 687
54EC 688
54ED 689” ;
(v). Schedule-H. GENERAL INFORMATION shall be omitted.
F.No.142/10/2002-TPL
Notification No. 159/2002
(Deepika Mittal)
Under Secretary to the Govt. of India
Note: The principal rules were published vide notification number
S.O.No.969(E) dated 26.3.1962 and were last amended by Income-tax
(Twelfth Amendment) Rules, 2002 vide notification S.O.No. 658(E) dated
the 21st June, 2002.
3, SUB-SECTION (II)
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
New Delhi, the 24th June, 2002
NOTIFICATION
INCOME-TAX
S.O. 659(E).- In exercise of powers conferred by section 295 of the Incometax
Act, 1961 (43 of 1961), the Central Government hereby makes the
following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (Thirteenth
Amendment) Rules, 2002.
(2) They shall come into force on the date of their publication in the
Official Gazette.
2. In the Income-tax Rules, 1962,-
(i) in rule 12, in sub-rule (1), in clause (b), after sub-clause (iii), the
following proviso shall be inserted, namely:-
“ Provided that the assessee to whom clause (b) applies shall also
have the option of filing the return in Form No.2D SARAL;”;
(ii) in Appendix II,-
(a) in Form No.1,-
(i) in Schedule-A. INCOME FROM HOUSE PROPERTY,-
(A) in item 6, for sub-item (b), the following shall be substituted,
namely:-
“(b) Unrealised rent ”;
(B) in item 9,-
(1) in sub-item (a), for the words “Repairs and collection
charges”, the words “Thirty per cent. of the annual value”
shall be substituted;
(2) for sub-item (b), the following shall be substituted, namely:-
“(b) Interest on capital borrowed ”;
(3) sub-items (c), (d) and (e) shall be omitted;
(C) in item 12, for “(u/s 25A)”, substitute “(u/s 25A and/ or u/s
25AA)”;
(D) In item 13, in sub-item (b), for “1/4th”, substitute “30%”;
(ii). In Schedule-C. CAPITAL GAINS,-
(A) in item 10,-
(1) omit “54EA 670” and “54EB 6 7 1 ” ;
(2) after “54EC 672” insert “54ED 6 7 5 ” ;
(B) in item 12,-
after “54D 683” insert “54EA 6 8 6
54EB 687
54EC 688
54ED 689” ;
(b) in Form No.2,-
(i) in item 24, omit “(I-11)”;
(ii) item 37 shall be omitted;
(iii) in Schedule-B. INCOME FROM HOUSE PROPERTY,-
(A) in item 6, for sub-item (b), the following shall be substituted,
namely:-
“(b) Unrealised rent ”;
(B) in item 9,-
(1) in sub-item (a), for the words “Repairs and collection
charges”, the words “Thirty per cent. of the annual value”
shall be substituted;
(2) for sub-item (b), the following shall be substituted, namely:-
“(b) Interest on capital borrowed ”;
(3) sub-items (c), (d) and (e) shall be omitted;
(C) In item 12, for “(u/s 25A)”, substitute “(u/s 25A and/ or u/s
25AA)”;
(D) in item 13, in sub-item (b), for “1/4th”, substitute “30%”;
(iv) in Schedule-D. CAPITAL GAINS,-
(A) in item 10,-
(1) omit “54EA 670” and “54EB 6 7 1 ” ;
(2) after “54EC 672” insert “54ED 6 7 5 ” ;
(B) in item 12,-
after “54D 683” insert “54EA 6 8 6
54EB 687
54EC 688
54ED 689” ;
(v) Schedule-I. GENERAL INFORMATION shall be omitted;
(c) after Form No.2C, the following Form shall be inserted, namely:-
"FORM NO. 2D SARAL ITS – 2D
[*INCOME -TAX RETURN FORM FOR NON -CORPORATE ASSESSEES OTHER THAN PERSONS CLAIMING EXEMPTION UNDER SECTION 11]
[ See proviso to rule 12(1)(b)(iii) ]
DOCUMENTS ATTACHED WITH THE RETURN
1. .............................................. 2. ............................................
3. .............................................. 4. ............................................
5. .............................................. 6. ............................................
Verification
I ......................................(name in full and in block letters), son/daughter of .........................solemnly declare that to
the 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..............
Seal
Signature of the receiving official
762
125
820
828
837
840
873
875
862
760
891
851
832
645
695
646
696
647
697
648
698
704
705
747
772
768
802
801 810
826
Signature
Date :
Place :
706
775
746
776
1. NAME : ______________________________________________________________________
2. FATHER'S NAME : ______________________________________________________________
3. ADDRESS : ___________________________________________________________________
_______________________PIN_______________TELEPHONE________________
4. Permanent Account Number : 8. Ward/Circle/Special Range :
5. Date of Birth : 9. SEX : M/F
6. Individual/Hindu undivided family/Firm 10. Income for the previous year i.e. 1.4.____ to 31.03.____
Association of Persons/Local authority : 11.Assessment Year :
7. Resident/ Non-Resident/Not Ordinarily Resident 12. Return : Original or Revised :
13. Details of Bank Account :
Name of the Bank Address of the Branch Account Number
"Please tick [ ] the bank account, where you would like the amount of refund to be credited.
14. Details of credit card :
Credit Card Number : Issued by :
15. INCOME FROM SALARY (ATTACH FORM NO. 16) ............................................................. Rs. ......................
16. INCOME FROM HOUSE PROPERTY .................................................................................. Rs. ......................
17. INCOME FROM BUSINESS OR PROFESSION .................................................................. Rs. ......................
18. CAPITAL GAINS 15/9 15/12 15/3 31/3 Total
(a) Short Term ______ ______ ______ _____ ______
(b) Long Term ______ ______ _______ _____ ______ Rs. ......................
19. INCOME FROM OTHER SOURCES ................................................................................... Rs. ......................
20. INCOME OF ANY OTHER PERSON TO BE ADDED ........................................................... Rs. ......................
21. GROSS TOTAL INCOME ( 15+16+17+18+19+20).............................................................. Rs. ......................
22. Less : DEDUCTIONS UNDER CHAPTER VI-A ...................................................................
CODE(For Office Use)
(a)
(b)
(c) Rs. ......................
23. TOTAL INCOME : (21- 22) ...................................................................................... Rs. ......................
24. ADD: AGRICULTURAL INCOME (For rate purposes) .............................................. Rs. ......................
25. INCOME CLAIMED TO BE EXEMPT FROM INCOME TAX ..................................... Rs. ......................
26. TAX ON TOTAL INCOME INCOME INCOME-TAX
(a) At normal rates ....................
(b) At Special rates.................... Rs. ......................
27. LESS : REBATE .................................................................................................... Rs. ......................
28. TAX PAYABLE ....................................................................................................... Rs. ......................
29. ADD: SURCHARGE ............................................................................................... Rs. ......................
30. TOTAL TAX PAYABLE : ( 28+29) ............................................................................ Rs. ......................
31. LESS : RELIEF ...................................................................................................... Rs. ......................
32. NET TAX PAYABLE ............................................................................................... Rs. ......................
33. LESS : TAX DEDUCTED AT SOURCE ................................................................... Rs. ......................
34. LESS : ADVANCE TAX PAID
Date Date Date
Amount Amount Amount .......... Rs. ......................
35. ADD : INTEREST PAYABLE U/s 234A 234B 234C Total Rs. ......................
36. LESS : SELF ASSESSMENT TAX PAID ................................................................ Rs. ......................
37. BALANCE TAX : PAYABLE / REFUNDABLE ......................................................... Rs. ......................
701
702
703
SECTION AMOUNT (Rs.)
*Please go through the instructions. These will help you in filing the return.";
(d) in Form No.3,-
(i) in item 24, omit “(SCH H-10)”;
(ii) item 37 shall be omitted;
(iii) in Schedule-B. INCOME FROM HOUSE PROPERTY,-
(A) in item 6, for sub-item (b), the following shall be substituted,
namely:-
“(b) Unrealised rent ”;
(B) in item 9,-
(1) in sub-item (a), for the words “Repairs and collection
charges”, the words “Thirty per cent. of the annual value” shall
be substituted;
(2) for sub-item (b), the following shall be substituted, namely:-
“(b) Interest on capital borrowed ”;
(3) sub-items (c), (d) and (e) shall be omitted;
(C) In item 12, for “(u/s 25A)”, substitute “(u/s 25A and/ or u/s
25AA)”;
(D) In item 13, in sub-item (b), for “1/4th”, substitute “30%”;
(iv). In Schedule-C. CAPITAL GAINS,-
(A) in item 10,-
(1) omit “54EA 670” and “54EB 6 7 1 ” ;
(2) after “54EC 672” insert “54ED 6 7 5 ” ;
(B) in item 12,-
after “54D 683” insert “54EA 6 8 6
54EB 687
54EC 688
54ED 689” ;
(v). Schedule-H. GENERAL INFORMATION shall be omitted.
F.No.142/10/2002-TPL
Notification No. 159/2002
(Deepika Mittal)
Under Secretary to the Govt. of India
Note: The principal rules were published vide notification number
S.O.No.969(E) dated 26.3.1962 and were last amended by Income-tax
(Twelfth Amendment) Rules, 2002 vide notification S.O.No. 658(E) dated
the 21st June, 2002.
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