Building Name / No TF-1, ANSAL
AJAY KAPOOR & CO. UTILITIY COMMERCIAL COMPLEX
CHARTERED ACCOUNTANTS
Street/Locality/Area PASCHIM VIHAR
City – NEW DELHI
Pin code 110 063
State Delhi
Ph. 98110-36814 (M)
Name of Assessee MAGNUM HEIGHTS PRIVATE LIMITED
Address A - 305 , Shivalik,Malviya Nagar,New Delhi,DELHI,110017
Status Company(Domestic) Assessment Year 2020-2021
Ward 16(1) 036 (01) Year Ended 31.3.2020
PAN AAICM6952E Incorporation Date 11/07/2013
Residential Status Resident
Particular of Business Service Provider
Nature of Business WHOLESALE AND RETAIL TRADE-Retail sale of other products n.e.c(09028)
, HOTELS, RESTAURANTS AND HOSPITALITY SERVICES-Restaurants
without bars(10008)
GSTIN No. 09AAICM6952E1Z7
Filing Status Original
Last Year Return Filed On 31/10/2019 Serial No.: 241028801311019
Bank Name HDFC BANK, HDFC BANK,HDFC BANK LTD., GOYAL BHAWAN, TUPPLE
ROAD JEWAR GAUTAM BUDDHA NAGAR UTTAR PRADESH
,MICR:203240309, A/C NO:50200005174698 ,Type: Current ,IFSC:
HDFC0002652
Tele: (011)25269240 Mob:9899281783
Computation of Total Income [As per Section 115BAA (Tax @22%)]
Income from Business or Profession (Chapter IV D) 2336665
MAGNUM HEIGHTS PRIVATE LIMITED
Profit as per Profit and Loss a/c 2862849
Add:
Depreciation Debited in P&L A/c 2448054
PF 162111
Total 5473014
Less:
Income on FD 425068
Profit on sale of car 848925
Depreciation as per Chart u/s 32 1862356
3136349
2336665
Income from Other Sources (Chapter IV F) 425068
Interest on F.D.R. 425068
Gross Total Income 2761733
NAME OF ASSESSEE : MAGNUM HEIGHTS PRIVATE LIMITED A.Y. 2020-2021 PAN : AAICM6952E Code
:1431
Total Income 2761733
Round off u/s 288 A 2761730
MAT Provisions not apply on company due to applicability
of section 115BAA
Tax Due @ 22% (Company applicable for Sec 607581
115BAA)
Surcharge @10% 60758
668339
Health & Education Cess (HEC) @ 4.00% 26734
695073
T.D.S./T.C.S 93519
601554
Advance Tax 612000
-10446
Interest u/s 234 A/B/C 11757
1311
Round off u/s 288B 1310
Deposit u/s 140A 100000
Refundable (Round off u/s 288B) 98690
Interest Charged (Rs.) T.D.S./ T.C.S. From (Rs.)
u/s 234C 11757 Non-Salary(as per Annexure) 42639
T.C.S.(as per Annexure) 50880
(2706+8118+933+0)
Interest calculated upto December,2020, Due Date for filing of Return October 31, 2020
Due date extended to 15/02/2021
As per notification,In case tax payable exceeds Rs. 1.00 Lac, due date for the purpose of interest u/s 234A
has not been extended.
Comparision of Income if Company does not Opts for Section 115BAA/115BAB (Tax
@25%)
1.Total income as per Section 115BAA/115BAB 2761733
2. Adjustments according to section 115BAA/115BAB
(i) Deduction under Ch VIA as per Provisions of Section
115BAA/115BAB
0
Gross Total Income as per Section 115BAA/115BAB 2761733
(ii) Allowed Deductions (which were disallowed under secton 115BAA
/ 115BAB)
No Deduction exists
(iii) Allowed Brought Forward Loss (which were disallowed under
secton 115BAA / 115BAB)
NA 0 0
3. Gross Total Income (1-2) 2761733
Deduction under Chapter VIA 0
Total Income after Adjustments under section 115BAA/115BAB 2761733
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NAME OF ASSESSEE : MAGNUM HEIGHTS PRIVATE LIMITED A.Y. 2020-2021 PAN : AAICM6952E Code
:1431
Prepaid taxes (Advance tax and Self assessment tax)26 AS Import Date:19 Sep 2020
Sr.No. BSR Code Date Challan No Bank Name & Branch Amount
1 6360218 03/10/2019 30337 axis bank Rohini 200000
2 6360218 15/11/2019 30486 axis bank Rohini 220000
3 6360218 07/01/2020 32846 axis bank Rohini 50000
4 6360218 08/01/2020 33067 axis bank Rohini 42000
5 6360218 06/02/2020 34995 axis bank Rohini 100000
6 6360218 07/05/2020 32811 axis bank Rohini 100000
Total 712000
Details of Depreciation MAGNUM HEIGHTS PRIVATE LIMITED
Particulars Rate Opening+ More Less Total Sales Sales Balance Depreciation WDV
Adjusted Than 180 Than 180 Less Than (Short Gain) Closing
for Days Days 180 days
115BAA
CCTV 15% 29766 0 0 29766 0 0 29766 4465 25301
Fire Extinguisher 15% 39879 3983 0 43862 0 0 43862 6579 37283
Air Conditioner 15% 794158 0 0 794158 0 0 794158 119124 675034
Car 1 15% 540942 2027740 0 2568682 431750 0 2136932 320540 1816392
Car 2 15% 540942 2027740 0 2568682 431750 0 2136932 320540 1816392
Computer 40% 107664 0 0 107664 0 0 107664 43066 64598
Electrical Fittings 15% 171345 0 9250 180595 0 0 180595 26396 154199
Furniture and Fitting 10% 3975824 0 0 3975824 0 0 3975824 397582 3578242
including electric Fitting
Kitchen Items 15% 1771040 11828 0 1782868 0 0 1782868 267430 1515438
Mobile Set 15% 6593 0 0 6593 0 0 6593 989 5604
Building 10% 2907913 0 0 2907913 0 0 2907913 290791 2617122
Sanitary Fittings 10% 154708 0 0 154708 0 0 154708 15471 139237
Printer 15% 7195 0 0 7195 0 0 7195 1079 6116
Refrigerator 15% 153531 0 0 153531 0 0 153531 23030 130501
Television 15% 109491 59000 0 168491 0 0 168491 25274 143217
Total 11310991 4130291 9250 15450532 863500 0 14587032 1862356 12724676
Details of T.D.S. on Non-Salary(26 AS Import Date:19 Sep 2020)
S.No Name of the Deductor Tax deduction Amount Paid/credited Total Tax Amount out of (5)
A/C No. of the deducted claimed for this year
deductor
1 ALLAHABAD BANK MRTA02511F 18962 1897 1897
2 ALLAHABAD BANK-MEERUT CALA25486G 223611 22366 22366
3 HDFC BANK LIMITED MUMH03189E 162073 16209 16209
4 RAKYAN BEVERAGES PRIVATE MUMR31544C 108333 2167 2167
LIMITED
TOTAL 512979 42639 42639
Head wise Summary on Income and TDS thereon
Head Section Amount As per Location of Income for TDS
Paid/Credited As Computation Comparison
per 26AS
Business 194C 108333 55587426 (Total of Sales/ Gross 2167
receipts of business and
Gross receipts from
Profession in Trading
Account + Total of other
income ) in profit & Loss
A/c :55587426
Other Sources 194A 404646 425068 Interest Income:425068 40472
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NAME OF ASSESSEE : MAGNUM HEIGHTS PRIVATE LIMITED A.Y. 2020-2021 PAN : AAICM6952E Code
:1431
Total 512979 56012494 42639
Details of T.C.S.(26 AS Import Date:19 Sep 2020)
S.No Name of the Collector Tax Deduction and Tax Total tax collected Amount out of (4)
Collection Account claimed during the year
Number of the Collector
1 GALAXY AUTOMOBILES PRIVATE LIMITED DELG04765F 50880 50880
TOTAL 50880 50880
GST Turnover Detail
S.NO. GSTIN Turnover
1 09AAICM6952E1Z7 54291412
TOTAL 54291412
Interest Calculation u/s 234C
S. No. Installment Period Total Tax Due To Be To Be Deposit Remaining Tax Int Rate Interest
Deposited Deposited Amount Due(Round off in (In %)
(In %) (In Amount) 100 Rs.)
1. First (Up to June) 601554 15.00 90233 0 90200 3 2706
2. Second (Up to Sep) 601554 45.00 270699 0 270600 3 8118
3. Third (Up to Dec) 601554 75.00 451166 420000 31100 3 933
4. Fourth (Up to March) 601554 100.00 601554 612000 -10400 1 0
Total 11757
Signature
(Hitu Rajeev Gulati)
For MAGNUM HEIGHTS PRIVATE LIMITED
CompuTax : 1431 [MAGNUM HEIGHTS PRIVATE LIMITED]
Ajay Kapoor & Co.
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