I Further Declare Capacity Itr: Fill & Download for Free

You can put “Individual” or “Authorised Signatory” or (your name), trustee. etc.If it is ITR1 then put “Individual” or just put your name, if you are filing your own ITR.

Let us put it in a different way.You must have noticed the verification portion of the ITRV Acknowledgement, where you used to sign it and prepare to fold it up (or not like us), and send it to the CPC.What does it say?I, __________son/ daughter of _________, solemnly declare that to the best of my knowledge and belief, the information given in the return which has been submitted by me vide acknowledgement number _________ is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making this return in my capacity as __________and I am also competent to make this return and verify it. I am holding permanent account number ________ .Note this particular phrase:the return which has been submitted by me vide acknowledgement number _________ is correct and completeIs skipping details of schedule DI, whether or not it would change the tax calculations for you, incorrect or incomplete particulars? Therein lies your answer.In general it will not cause an issue. But why it makes sense for the ITD to check it, is because a lot of people invest more than what they might be likely to, considering their incomes.If you've worked anytime in the early 2010s, you might have heard of people paying more into LIC premiums than they earned in the year on their ITRs. It's like the possible evidence thing - doesn't prove or disprove, but may lead to something - given the facts and circumstances of the case.Hope it helped.Oh and there are some 3–4 months to the date of ITR filing. There may be time enough to file your returns, and not rush it, so you may as well fill it all up.

For the purposes of disclosure in table B, financial interest would include, but would not be limited to, any of the following cases:-(1) Where you are the owner of record or holder of legal title of any financial account, irrespective of whether you are the beneficiary or not(2) Where you as the owner of record or holder of title is one of the following:-(i) an agent, nominee, attorney or a person acting in some other capacity on behalf of the resident assessee with respect to the entity;(ii) a corporation in which the resident assessee owns, directly or indirectly, any share or voting power;(iii) a partnership in which the resident assessee owns, directly or indirectly, an interest in partnership profits or an interest in partnership capital;(iv)a trust of which the resident assessee has beneficial or ownership interest.(v) any other entity in which the resident assessee owns, directly or indirectly, any voting power or equity interest or assets or interest in profits.In my opinion, when ESOPS are vested it means you only have a right to purchase the stock in the company. It does not mean that you are owning directly or indirectly any share or voting power in the company. That will happen when you actually exercise the right. In view of this i dont think this is the right place to disclose the said sharesHaving said that i believe the ESOPs to the extent not exercised need not be disclosed at all. In India, the taxable event is exercise of vested rights where in the same is supposed to be taxed as salary (i.e. difference between market value on exercise date and price at which exercised). Hence whether the right to purchase the said shares is a capital asset or not is debatable. But if you would like to disclose it you would have needed to spend something to call it an asset.In table D, the value of total investment at cost of any other capital asset held at any time during the accounting period and nature and amount of income derived from the capital asset during the accounting period is required to be disclosed after converting the same into Indian currency. Further amount of income which is chargeable to tax in India, out of the foreign source income, should also be specified at column (9). The relevant Schedule of the ITR where income has been offered to tax should be mentioned at column (10) and (11).Since you have not spent anything to have the right to invest in the shares, what will you disclose here?Therefore, in my opinion, neither the vested or the unvested shares are to be reported. Only shares for which you have exercised the right to purchase may be disclosed.