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Comp 24

Mr. Jaibhagwan, a resident of Panipat, Haryana, has reported a total income of ₹1,615,460 for the assessment year 2023-2024, primarily from business activities. His total tax liability amounts to ₹309,024, which has been fully paid, resulting in no amount payable. The return was filed under section 139(1) with a due date of July 31, 2023.

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47 views2 pages

Comp 24

Mr. Jaibhagwan, a resident of Panipat, Haryana, has reported a total income of ₹1,615,460 for the assessment year 2023-2024, primarily from business activities. His total tax liability amounts to ₹309,024, which has been fully paid, resulting in no amount payable. The return was filed under section 139(1) with a due date of July 31, 2023.

Uploaded by

pawankumar1975.ca
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Code :- 788

Name : Mr. JAIBHAGWAN


Father's Name : Mr. JASWANT
Address(O) : ADIYANA (48), PANIPAT, PANIPAT, HARYANA-132113
Email ID : jaibhagwan2024k@gmail.com

Permanent Account No : BIFPJ0371K Date of Birth : 19/09/1999

Gender : Male
Status : Individual Resident Status Resident
Previous year : 2022-2023 Assessment Year : 2023-2024
Ward/Circle : Return : ORIGINAL
Nature of Business or Retail sale of other products n.e.c - 09028
Profession

Computation of Total Income (Old Regime Tax)


Income Heads Income Income After
Before Set off Set off

Income from Salary 0 0

Income from House Property 0 0

Income From Business or Profession 1615460 1615460

Income from Capital Gains 0 0

Income from Other Sources 0 0

Gross Total Income 1615460

Less : Deduction under Chapter VIA 0

Total Income 1615460

Rounding off u/s 288A 1615460

Income Taxable at Normal Rate 1615460


Income Taxable at Special Rate 0

TAX CALCULATION
Basic Exemption Limit Rs. 250000
Tax at Normal Rates 297138
Total Tax 297138
Add : Health and Education Cess 11886
Total 309024
Add : Interest 15450
u/s 234B 12360
12360[4M]
u/s 234C 3090
(3090)

Less : Tax Deposited u/s 140A 324470


Amount Payable 0
Tax Rounded Off u/s 288 B 0
COMPREHENSIVE DETAIL

Income from Business & Profession Details


1615460
Business Income u/s 44AD
Gross Receipts (Banking channel) 0
Gross Receipts (Other mode) 7070951
Total Gross Receipts 7070951
ZenIT - A KDK Software Product
Actual Profit 1615460
Actual Profit %age is 22.85%
Deemed Profit @6% on Gross Receipts 0
(Banking channel)
Deemed Profit @8% on Gross Receipts (Other 565676
mode)
Deemed Profit against Turnover 565676
Higher of Assessable profit 1615460
Business Income From 44AD 1615460
Total of Business & Profession 1615460

Details : Tax Deposited u/s 140A

Bank and Branch BSR Code Dated ChallanNo. Amount


ONLINE-ONLINE 0515741 22/07/2024 51518 324470

44AD Turnover Detail


Description Turnover(Non Turnover Gross Actual Profit Actual Profit
Banking) (Banking Turnover (%)
Channel)
BUSINESS 7070951 0 7070951 1615460 22.85
Total 7070951 0 7070951 1615460

Summary Information In a case where regular books of account of business or profession are not maintained
Balance Sheet Profit And Profit And
Loss Loss
(Profession)
Sundry creditors 385442 Gross -
receipts
Total capital and liabilities 385442 Gross profit -
Inventories 510500 Expenses -
Sundry debtors 407552 Net profit -
Cash-in-hand 185242
Total assets 1103294

Return Filing Due Date : 31/07/2023 Return Filing Section : 139(1)

Interest Calculated Upto : 11/07/2023

Verified By : JAIBHAGWAN

ZenIT - A KDK Software Product

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