Pmgky

213 views 1 replies

Helloooo

Can anyone help me regarding presentation of PMGKY in ITR-6
I disclosed Rs. 4842000.00 under PMGKY and deposited tax Rs. 2416158 @ 49.9%
I want to know how it is shown in ITR

Replies (1)

PAWANJEE, 

(i) As per section 185 of "The Income Declaration Scheme, 2016", Income Disclosed( say Rs 100) will not be included in "Total Income" for tax computation, if tax thereon is fully paid. (ii) Your P & L a/c [ as per A(1) of Sch BP of ITR 6]is inflated by Rs 100 (iii) Deduct Rs 100 under the head [A(5)(c) of Sch BP of ITR]referring provisions of section 185.(iv) If ITR Forms, other than ITR 6 ,does not contain BS & PL SHEET, simply ignore Rs 100 since it is not part of Total Income for tax computation purpose.

THIS IS MY PERSONAL OPINION .PL CHECK FORM OTHER SOURCES ALSO, BEFORE FILING ITR.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details