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TMI BlogNew Return Forms for Assessment Year 2007-08 matters connected thereto regX X X X Extracts X X X X X X X X Extracts X X X X ..... es (HUFs) not having any income under the head Profits or gains of business or profession; (iii) ITR-3 return of income for Individuals and HUFs being partners in firms and not carrying out business or profession under any proprietorship; (iv) ITR-4 return of income for individual and HUFs having proprietory business or profession; (v) ITR-5 combined form for return of income and fringe benefits for Firms/ Association of Persons / Body of Individuals; (vi) ITR-6 combined form for return of income and fringe benefits for companies (other than companies claiming exemption under section 11; (vii) ITR-7 combined form for return of income and fringe benefits for persons including companies required to furnish return under section 139(4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under section 11) to furnish the return of income/ fringe benefits electronically in the manner mentioned at (ii) or (iii) of paragraph 3. The return of income/ fringe benefits in Form ITR-7 by charitable/ religious trusts, political parties and other non-profit is to be furnished in the paper form only. All other taxpayers has the option to furnish the return of income/ fringe benefits in any of the manner mentioned in paragraph 3. 5. In exercise of powers conferred by section 139C read with clause (eeba) of sub-section (2) of section 295, it has been provided in sub-rule (2) of rule 12 that the return to be furnished in above mentioned Forms (except in ITR-7) shall not be accompanied by any attachments/ annexures. Thus, taxpayers shou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to be accompanied with any other document including any statutory form or report of audit (other than the report under section 92E) which is otherwise required to be furnished before the due date or along with the return for making any claim. The provisions of the law shall be deemed to have been complied with in respect of the requirement of the filing of the attachments or documents or reports along with the return. No penalty shall be initiated/ levied for not furnishing such documents if such documents were otherwise obtained before the specified date, if any, provided in the statute. All these documents should be retained by the taxpayers and be furnished in original during the scrutiny proceedings. (iii) The report as required u ..... X X X X Extracts X X X X X X X X Extracts X X X X
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