OTHER INFORMATION IN ITR

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.

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...

"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.

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...

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" 

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

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