Declaration of Income from other heads of Income other than Salary

[See rule 26B]

Form for sending particulars of income under section 192(2B) for the year
ending 31st March, 2015.

1. Staff No.

7625

2. Name and address of the employee: Atul .D. Vyawahare, Flat 198/block 25,
BPCL colony, Azizbaugh, Chembur, Mumbai 400074, Res . phone
25996198 mobile 9819146864
3. Permanent Account Number

AACPV0713D

4. Residential status (Resident and ordinarily resident / Resident but not

ordinarily resident / non resident )
Resident and ordinarily resident
5. 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

Sr
No
I)

Particulars

Rs

Income from house property

Rs

-153736

(in case of loss, enclose computation

thereof)

II)

Profits and gains of business or

profession

Nil

Income from other sources

III)

a) Dividend Income ( other than

Dividend Income exempt u/s
10(34) & 10(35)}

Nil

b) Interest income

Nil

i)

Interest on savings A/c.

Nil

ii)

Fixed/Term Deposit Interest

Nil

iii)

Recurring Deposit interest

Nil

iv)

Any other interest

Nil

v)

Total INTEREST (b) (i) to (iv)

Nil

6. Aggregate of sub-item [I) to (III)]

-153736

7. Tax deducted at source [enclose certificate(s) issued under section 203]

----------

Place... Mumbai.

.....................................................................

Date....19/2/2015..................

Signature of the employee

Verification
I, ...... Atul D. Vyawahare,......, do hereby declare that what is stated above is
true to the best of my knowledge and belief.
Verified today, the 19th day of February 2015
Place..... Mumbai................
Date..... ....19/2/2015....................

...........................................................
Signature of the employee

*Deduction under section 80TTA is available up to Rs 10000 for interest on

deposits in a Savings account with Banks , Post office, a Co-operative
Society engaged in carrying on the business of Banking.

COMPUTATION OF LOSS FROM HOUSE PROPERTY

(This form should be compulsorily filled up when seeking adjustment of Loss
from House property against Salary Income from the Employer through above
Form )
Sr
No.
1

Narration
Gross Annual Value of the Property
(GAV)

Amount (Rs)
(A)

+67952

(B)

Nil

(C) = (A)(B)

+67952

(In case of Self Lease Self lease

rental to be considered)
GAV in case of One Self-occupied
property can be taken as Nil (Refer
Note 1 )
2

Municipal Taxes, actually paid

(Attach proof of payment)

Net Annual Value (NAV)

Deductions under Section 24:

30% of NAV (towards Repairs etc.)

(D) =30%
of (C)

- 20386

Interest for the current financial year

(Attach proof thereof) (Note 2&3)

(E)

- 162442

(In case of Self-occupied property, the

annual value of which is opted as NIL,
the interest deductible will be restricted
to Rs.1,50,000/- (Rs. One Lakh Fifty
Thousand only per annum) Refer Para
No. 2 of Guidance Note.
6

Interest for pre-acquisition or preconstruction period. 5th installment

(Allowable in 5 equal installments
beginning from the Year in which the
property is acquired or
constructed).Please mention the
installment no.

(F)

-38860

Total deductions:

(G) = (D)
+(E)+(F)

-221688

In case of Self Lease Maintenance

Amount Received

(H)

Nil

Income / Loss from House Property

(C) - (G)+

-153736

(carry over to Form 12C -Pt No. 1)

(H)

DECLARATION
I hereby declare that the Computation given above is correct and that I would furnish
original copies of the documents / evidences, if need be, directly to the Income Tax
Assessing Officer. I also undertake to indemnify Bharat Petroleum Corporation Ltd. for
any loss arising out of acts or omission made in respect of the above Computation.
Place : Mumbai

-----------------------------Signature of Employee

Date : 19/2/15

Name
Staff No. :7625

Note : Copies of necessary proof to be attached.

: Atul D Vyawahare

GUIDANCE NOTES :
* Gross Annual Value - the Annual Value will be higher of the following:
i. A sum for which the property is reasonably expected to let from year to
year.
ii. Actual rent received / receivable.
However, if there is any reduction in the rent received / receivable due to reason
that property was vacant during the part of the year and as a result of which the rent
received or receivable is less than the sum mentioned in (a) above, then GAV shall be
considered to be the amount so received or receivable.
* Self-occupied property means a house or part of a house which 1. Is in the occupation of the owner for the purposes of his own residence; or
2. Can not actually be occupied by the owner by reason of the fact that owing to
his employment at any other place, he has to reside that other place in a
building not belonging to him.
Following additional conditions are required to be fulfilled in order to classify a
house property as Self occupied property, which are as follows:
a. Such house property must not actually be let out during any part of the year
and ;
b. No other benefit is derived by the owner from the house property.
.a) In case of self-occupied property, Interest on housing loan is the only
deduction allowable. The deduction allowed towards the Interest is Rs. 1,50,000
provided the following conditions are satisfied.
The property is acquired or constructed with capital borrowed on or after 1 st day
of April 1999
The house property is acquired or constructed with capital borrowed with in three
years from the end of financial year in which capital was borrowed.
Please note that the above benefit is available only in respect of selfoccupied property i.e. the property which is not actually let during any part of
the previous year and no other benefit there from is derived by the owner.
In case of any other self-occupied property not satisfying the aforesaid
conditions, the interest on housing loan is allowable to the extent of
Rs.30,000/- only.
(b) The deduction for such interest will be allowed only if the employee furnishes
certificate from the lender specifying the following:
Nature of loan and amount of interest payable on funds borrowed for the purpose of
acquisition/construction of the house property.
*
Interest Accrued on loan taken for construction/acquisition of house
property :
You are eligible to claim deduction under the head "Income from House Property"
only after completion of construction/acquisition of the house and not during
construction or before acquisition. The amount of interest accrued on the Housing
Loan taken from BPCL for the Financial Year 2011-12 is available on My Portal.. You
may indicate this amount in your computation. Apart from BPCL, in case you have
taken housing loan from any other financial institution, you can indicate the total
amount of interest accrued in your computation duly supported by xerox copy of the

certificate issued by the financial institution.

* Pre-acquisition/Pre-construction period Interest :
This can be claimed in five equal installments beginning from the year in which
construction/acquisition is complete. The pre-acquisition/pre-construction period shall be
from the date of Loan till 31st March immediately prior to year of completion of
construction/acquisition or date of repayment of loan whichever is earlier, e.g. if property
has been acquired, say in June 2011 , then Interest on Housing Loan till 31/3/2011 will be
pre-acquisition Interest.
In order to claim these, following details need to be enclosed:
a. The date of acquisition / year of completion of construction.
b. Interest calculation till the year prior to the year of acquisition / completion of
construction.
c. Whether any pre-acquisition/pre-construction interest has been claimed earlier
and if so, please advise us the no. of installments that have been claimed up to
31.03.2011.
.
In such a case, please provide us with a signed declaration stating the no. of
installments you have claimed.
* Municipal Taxes :
This does not include society charges. This is on account of any tax levied by any local
authority in respect of the house property e.g. service tax, fire tax, water tax, etc.
Note that municipal taxes actually paid during the year are only allowed as
deduction.
Documents required : (Photo copies only)
1
2
3
4

Proof of Municipal taxes paid during the year 2011-12.

Certificate of interest for housing loan taken (other than BPCL loan).
In case of pre-acquisition interest, certificate of interest up to 31 st March
immediately preceding the date of completion of construction/ acquisition.
Tax deduction certificate on rental income (if any).

All above is in order to clarify the issues and to safeguard the interest of the individual
as well as the Corporation.
For any clarification, please address
yogitasawant@bharatpetroleum.in

your

email

to

*****************

Yogita

Abhay

Sawant

Declaration:

I hereby declare that the Computation given below is correct and that I would furnish
original copies of the documents / evidences, if need be, directly to the Income Tax
Assessing Officer. I also undertake to indemnify Bharat Petroleum Corporation Ltd. for
any loss arising out of acts or omission made in respect of the above Computation.
Place :Mumbai
Date :19/2/2015

-----------------------------Signature of Employee
Name

: A.D. Vyawahare

Staff No. :7625

Third installment amount is Rs. -38860 /-

( Basis: interest of BPCLs loan for the year 2008/09 and 09/10 was Rs. 46819
and Rs 45908 respectively.
Interest of LIC housing finance ltds loan for the year 09/10 was Rs. 101572.
Hence, total interest before possession of the flat (proof attached) was Rs
194000/-.
Five equal installments works out to be Rs. -38860 / Note:
During the year 2010/11, first installment of Rs -38860 / -, second installment
Rs -38860 for the year 2011/12, third installment Rs -38860 for the year
2012/13 was declared, 4th installment Rs -38860 for the year 2013/14 was
declared