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  • Form 12c

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    mansooralikhan A
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    This document contains a form for employees to submit details of any income or losses from sources other than salary for the tax year ending March 31, 2011. It requests information about income/loss from house property, business/profession, capital gains, and other sources. It also asks for tax deducted at source and includes a sample computation sheet for calculating loss from house property, with sections to provide details of rental income, repairs, interest on housing loans, and the net income/loss for up to three properties. Employees must sign to declare the information is true and accurate.

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    form-12c

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    This document contains a form for employees to submit details of any income or losses from sources other than salary for the tax year ending March 31, 2011. It requests information about income/loss from house property, business/profession, capital gains, and other sources. It also asks for tax deducted at source and includes a sample computation sheet for calculating loss from house property, with sections to provide details of rental income, repairs, interest on housing loans, and the net income/loss for up to three properties. Employees must sign to declare the information is true and accurate.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    151 views2 pages

    Form 12c

    Uploaded by

    mansooralikhan A
    This document contains a form for employees to submit details of any income or losses from sources other than salary for the tax year ending March 31, 2011. It requests information about income/loss from house property, business/profession, capital gains, and other sources. It also asks for tax deducted at source and includes a sample computation sheet for calculating loss from house property, with sections to provide details of rental income, repairs, interest on housing loans, and the net income/loss for up to three properties. Employees must sign to declare the information is true and accurate.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Declaration of Loss on Housing Property & Income from Other

    Source.
    (Please submit property wise forms)

    FORM NO 12C
    (See Rule 26B)
    Form for sending particulars of Income Tax under section 192(2B) for the year ending 31st March 2011.

    1.Name & address of the employee ________________________________


    ________________________________
    ________________________________
    2.Permanent Account No. ________________________________
    3. Residential status Resident or Non Resident
    4. Particulars of income under any head of income other than “Salaries” (not being a loss under any such head other
    than the loss under the head “Income from House Property”) received in the financial year.
    (Rupees)
    a. Income from House Property __________
    (In case of loss, enclose computation thereof)

    b. Profit & gains of business or profession __________


    c. Capital gains __________
    d. Income from other sources
    -Net Taxable Interest __________
    -Other incomes (specify) __________
    __________
    5. Aggregate of sub-items (a) to (d) of item 4 ==========
    6.Tax deducted at source [enclose certificate(s) issued under section 203]
    Place : __________
    Date : __________ ______________________
    (Signature of the employee)

    I, do hereby declare that what is stated above is true to the best of my


    knowledge and belief.

    Verified today, the day of____________.

    Place : __________
    Date : __________ _____________________
    (Signature of the employee) Employee No. :

    Property-wise Computation sheet and Provisional Interest Certificate for Year Ended 31.03.11 should be attached with this
    form.

    1
    COMPUTATION OF LOSS FROM HOUSE PROPERTY : 2010-11

    Form 12C Annexure

    Particular Property 1 Property 2 Property 3 Total


    Self-occupied (Let-out) (Let-out) (Property 1, 2 & 3)
    Address of the premises

    House Property is complete

    House Property is Self Occupied

    House Property is Deemed to be self occupied

    House Property is rented out & the annual rent


    received
    A. Fair market annual rent in case there is no
    actual receipt of rent. NA
    B. LESS: Property (Municipal) tax actually
    paid during the financial year as per receipt NA
    attached.
    C. Balance rental income (A – B)
    NA
    D. LESS: Repairs & Maintenance (30% of
    above)
    NA
    E. LESS: Interest on Housing Loan
    i) Company Loan

    ii) Outside institution/Agency

    - Prior to 1/04/99 (max. 30000/-)


    After 1/04/99 (max. 1.5 lakhs for self
    occupied house only)
    Total Interest on Housing Loan (i + ii)

    INCOME / (LOSS) FROM HOUSE


    PROPERTY (C – D - E)

    *For all loans availed after 1/04/1999, please attach copy of loan sanction letter as proof to get higher
    rebate. Without such proof, the exemption will be restricted to RS 30,000/-.
    * Attach provisional interest certificate year ended 31/03/2011 to be attached for company loan /
    Outside financial institution. Without such proof, no exemptions will be allowed.

    DATE___________ SIGNATURE ___________________________


    NAME ___________________________
    EMP.NO ___________________________

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