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OTHER INFORMATION IN ITR

swohra (none) (537 Points)

12 September 2009

Dear all,

Please tell me the Nature of Taxes which we have to fill in Row No.12 of Other Information (Part A-OI):

12	Amount of credit outstanding in the accounts in respect of
	a	Union Excise Duty	12a	Nil
	b	Service tax	12b	Nil
	c	VAT/sales tax	12c	Nil
	d	Any other tax	12d	Nil
	e

Thanks in advance....

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7 Replies

CA SUDHAKAR (CHARTERED ACCOUNTANT) (189 Points)
Replied 18 September 2009

These column have been provided in the ITR form, to know the nature and amount unpaid statutory liability outstanding as at the date of Balance Sheet. Therefore, you have enter all the oustanding liabilities as on the Balance Sheet, for which the provision of Section 43B attracting. e.g. Vat Payable, Excise Payable, Service Tax Payabe, Bonus Payable and ESI/PF Payable as per the Financial Statement. At the time of assessment proceedings, the assessing officer may call for the proof for payment made before due date of filing return.

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swohra (none) (537 Points)
Replied 18 September 2009

Dear Sudhakar sir

Thanks for guiding me...One more query in respect of "Balances with Revenue Authority" In balance sheet under application of fund 3(b)(iv). Please tell me the nature of balances which we have to fill in.

Thanks in advance...

CA SUDHAKAR (CHARTERED ACCOUNTANT) (189 Points)
Replied 20 September 2009

"Balane with revenue authorities" in form ITR

This column ITR form is provided to enter the details of amount of refund due from various Government departments - such as Income tax refund due, VAT refund due, Servce tax or Central Excise refund due as on the date of balance sheet.

swohra (none) (537 Points)
Replied 22 September 2009

Dear Sudhakar sir

1. Can I fill TDS payable as on 31 st march in Row No.12 of Other Information (Part A-OI): Any other taxes?

2. Can I fill TDS recoverable as on 31 st march in "Balane with revenue authorities" in Balance sheet?

Thanks in advance...

CA SUDHAKAR (CHARTERED ACCOUNTANT) (189 Points)
Replied 22 September 2009

1. NO, AS ALL THE INFORMATION ASKED IN THE ITEM NO. 12 OF OTHER INFORMATION, ARE RELATED TO THE ITEMS COVERED UNDER SEC. 43B, YOU SHOULD ENTER TDS PAYABLE IN THIS ROW.

2. YES. TDS RECOVERABALE IS NOTHING BUT, AMOUNT REFUNDABLE FROM THE IT DEPARTMENT. THEREFORE, IT SHOULD BE ENTERED UNDER "BALANCE WITH REVENUE AUTORITIES"

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CA SUDHAKAR (CHARTERED ACCOUNTANT) (189 Points)
Replied 22 September 2009

A SMALL MODIDFICATON IN THE THIRD LINE OF MY ANSWER TO Q1 :

"43B, YOU SHOULD NOT ENTER TDS PAYABLE IN THIS ROW."

Rajesh Singla (Peop) (27 Points)
Replied 03 June 2019

Hello sir. I want to ask that when duties & taxes at debit side in our balance sheet. Then which column for gst or duties & taxes When we filled itr form.

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