Form ITR-7 - Taxmann

(A) In case of a domestic company, @ 30% of the total income;(B) In a case of a company other than a domestic company –- @ 50% of on so much of the total income as consist of (a) royalties received from Government or an Indianconcern in pursuance of an agreement made by it with the Government or the Indian concern after the 31 st dayof March, 1961 but before the 1 st day of April, 1976; or (b) fees for rendering technical services received fromGovernment or an Indian concern in pursuance of an agreement made by it with the Government or the Indianconcern after the 29 th day of February, 1964 but before the 1 st day of April, 1976, and where such agreementhas, in either case, been approved by the Central Government;- @ 30% of the balance(b)(c)In item 3, fill the details of surcharge computed @ 5% of tax in case of a domestic company having total incomeexceeding one crore rupees and @ two and a half per cent of the tax in case of a company other than a domesticcompany.In item No. 4, calculate the education cess including secondary and higher education cess at the rate of three per cent.18. VERIFICATION(a) Please fill up the required information in the Verification. Strike out whatever is not applicable. Please ensure that theverification has been signed before furnishing the return. Write the designation of the person signing the return.(b) Please note that any person making a false statement in the return or the accompanying schedules shall be liable to beprosecuted under section 277 of the Income-tax Act, 1961 and on conviction be punishable under that section withrigorous imprisonment and with fine.