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Tax return switzerland

Tax Return Switzerland


  • Overview

  • Important Amendments

    • Individuals

    • Firms

    • Companies

    • Other Changes

  • Issues



Tax return forms
Tax Return Forms

  • Annexure less and are designed for e filing compatibility

    • According to the FM ‘The ITR 1 is the simplest return in the world’

Tax return forms1
Tax Return Forms

  • Assessees to furnish information about high value transactions reflected in the AIR

  • Applicable only

    • Returns for earlier years to be filed in old forms

Method s of filing return form
Methods of filing return form

Filing of Returns

i) Paper form i) With Digital Signature

ii) Bar coded return in ii) Without Digital Signature

paper form followed by verification in Form ITR V



Important amendments


Individuals and hufs
Individuals and HUFs

  • Income tax rates have remained unchanged

  • Surcharge @ 10% in case taxable income exceeds Rs.1,000,000

  • Receipts in excess of Rs.50,000 without any consideration to be taxed

  • Deduction u/s. 80C extended to bank FDs

Individuals and hufs1
Individuals and HUFs

  • Contribution to pension funds eligible for deduction subject to limit of Rs.100,000

  • Amended rule for computation of perquisite in case of deemed concession



Issues 1
Issues (1)

  • Dispensing with tax-paid challans and TDS certificates may result in refund delays

  • Duplication of AIR

  • No status reports for partners in ITR 3

  • Quantitative details of stock to be disclosed in return form

Issues 2
Issues (2)

  • No separate heads for manufacturing expenditure in case of ITR 4, 5 and 6

  • Comparison of earlier year figures not possible

  • Absence of attachments may increase concealment risk

Points to be kept in mind 3
Points to be kept in mind (3)

  • Deduction can be claimed only in tax return / revised return – AO not empowered to entertain claim in assessment proceedings

    • SC in Goetze (India) Ltd. (284 ITR 323)

  • Income can be claimed as exempt even if offered for tax in return

    • Bombay HC in Nirmala Mehta (269 ITR 1)

    • Allahabad HC in Abdul Qayume (184 ITR 404)