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Computation Fy 23-24

The document provides the financial assessment details for Jatinder Pal Singh for the assessment year 2024-2025, including his total income of ₹5,91,780 and tax computation resulting in no tax payable after rebates. It outlines his business profits, capital gains, and income from other sources, along with a balance sheet indicating cash assets. Additionally, it includes details of short-term capital gains from listed securities and interest earned from savings accounts.

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simranpreet2518
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41 views2 pages

Computation Fy 23-24

The document provides the financial assessment details for Jatinder Pal Singh for the assessment year 2024-2025, including his total income of ₹5,91,780 and tax computation resulting in no tax payable after rebates. It outlines his business profits, capital gains, and income from other sources, along with a balance sheet indicating cash assets. Additionally, it includes details of short-term capital gains from listed securities and interest earned from savings accounts.

Uploaded by

simranpreet2518
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 DOC, PDF, TXT or read online on Scribd
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NAME OF ASSESSEE : JATINDER PAL SINGH

PAN : BGBPS2399C
FATHER'S NAME : CHARANJIT SINGH
RESIDENTIAL ADDRESS : 124/1, ACME HEIGHTS 1, SECTOR 126, KHARAR SAS NAGAR, PUNJAB-140301
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2024 - 2025
WARD NO : FINANCIAL YEAR : 2023 - 2024
GENDER : MALE DATE OF BIRTH : 17/09/1983
MOBILE NO. : 8699999333
EMAIL ADDRESS : rashjatin@gmail.com
RESIDENTIAL STATUS : RESIDENT
NAME OF BANK : FEDERAL BANK LTD
IFSC CODE : FDRL0001859
ACCOUNT NO. : 18590100005974
OPTED FOR TAXATION U/S : YES
115BAC
RETURN : ITR-3 : ORIGINAL (FILING DATE : 30/07/2024 & NO. : 236353040300724)
IMPORT DATE : AIS : 30-07-2024 05:14 PM TIS : 30-07-2024 05:14 PM 26AS : 30-07-
2024 05:15 PM
COMPUTATION DATE : 25-02-2025 11:37 AM

COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND PROFESSION 5,88,950

PROFIT U/S 44AD - JATINDER PAL SINGH


PROFIT DEEMED U/S 44AD @ 6% OF RS. 6,51,420 39,086
PROFIT DECLARED U/S 44AD 5,88,950
PROFIT (HIGHER OF THE ABOVE) 5,88,950
CAPITAL GAINS 2,381
SHORT TERM CAPITAL GAIN ON LISTED SECURITIES (STT PAID) 2,381
INCOME FROM OTHER SOURCES 447
INTEREST FROM SAVING BANK AC 447
TOTAL 447

GROSS TOTAL INCOME 5,91,778


TOTAL INCOME 5,91,778
TOTAL INCOME ROUNDED OFF U/S 288A 5,91,780

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 3,00,000 NIL
TAX ON RS. 2,89,399 (5,89,399 - 3,00,000) @ 5% 14,470
TAX ON RS. 5,89,399 14,470
TAX ON SHORT TERM LISTED SECURITIES U/S 111A RS. 2,381 @ 15% 357
14,827
LESS : REBATE U/S 87A 14,827
TAX PAYABLE NIL

Financial Particulars of Business


Sundry creditors Nil
Total capital and liabilities Nil
Inventories Nil
Sundry debtors Nil
Cash-in-hand 65,620
Total assets 65,620
Balance Sheet (Regular books of account of business or profession are not maintained)
Sundry Debtors Rs. Nil Sundry Creditors Rs. Nil
Stock-in-trade Rs. Nil Cash Balance Rs. 65,620

STATEMENT OF SHORT TERM CAPITAL GAIN ON LISTED SECURITIES (STT PAID)


Name of Company Date of Date of Sales Price Purchase Transfer Amount Capital Gain
Purchase/Y Sale/Year Cost Expenses received u/s
ear 94(7) or
94(8)
2023-24 2023-24 17,871 15,490 0 0 2,381
Total 17,871 15,490 0 0 2,381

INTEREST FROM SAVING BANK A/C, CO-OPERATIVE BANK AND POST-OFFICE

INTEREST FROM SAVING BANK AC


Sr No Particular Amount
1 SB INTEREST FROM CANARA BANK 8
2 SB INTEREST FROM HDFC BANK LIMITED 439
Total 447

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