Name of Assessee APPALA NAIDU SABBAVARAPU

Father's Name SOMESWARA NAIDU SABBAVARAPU

Address R NO 11/26RAMAVARAM,RAMAVARAMGANTYADA
ND,VIZIANAGARAM,VIZIANAGARAM,ANDHRA PRADESH,535001
E-Mail bapannumber84@gmail.com
Status Individual Assessment Year 2024-2025
Ward Year Ended 31.3.2024
PAN BKJPS1050E Date of Birth 01/06/1965
Residential Status Resident Gender Male
Nature of Business WHOLESALE AND RETAIL TRADE-Retail sale of other products
n.e.c(09028),Trade Name:S APPALA NAIDU
Filing Status Original
Return Filed On 28/07/2024 Acknowledgement No.: 132518740280724
Last Year Return Filed On 29/12/2023 Acknowledgement No.: 585967520291223
Last Year Return Filed u/s Normal
Aadhaar No: 723391367556 Mobile No Linked with Aadhaar
Bank Name ANDHRA BANK, , A/C NO:133410100044515 ,Type: ,IFSC: ANDB0001334,
Prevalidated : No, Nominate for refund : No
Tele: Mob:+919848456738

Computation of Total Income [As per Normal Provisions]

Income from Salary (Chapter IV A) 6,32,800

SK DEGREE COLLEGE
Employer Status: Other
AYYANNAPETA VIZIANAGARAM ANDHRA
PRADESH-535002
Salary 6,85,200
Less: Standard Deduction u/s 16(ia) 50,000
Professional Tax u/s 16(iii) 2,400
52,400
6,32,800

Income from House Property (Chapter IV C) -1,04,621

1.
AYYANNAPETA
VIZIANAGARAM(ANDHRA
PRADESH)-535002
Tenant Name: SK DEGREE COLLEGE
Annual Lettable Value 180000
Rent Receivable 180000
Higher of above 1,80,000
Annual Rental Value u/s 23 1,80,000
Less:
House Tax Paid 43,744
43,744
1,36,256
Less:
Deduction u/s 24(a) 40,877
40,877
95,379
NAME OF ASSESSEE : APPALA NAIDU SABBAVARAPU A.Y. 2024-2025 PAN : BKJPS1050E Code :1091

2.
Self Occupied Property
. . VIZIAANGARAM(ANDHRA
PRADESH)-535001
Interest u/s 24(b) (207834) -2,00,000

Income from Business or Profession (Chapter IV D) 2,37,280

Income u/s 44AD 2,37,280

Profit as per Profit and Loss a/c 0

Income from Other Sources (Chapter IV F) 2,15,577

Interest From Saving Bank A/c(as per Annexure) 64,825

Interest on F.D.R.(as per Annexure) 1,50,752
2,15,577

Gross Total Income 9,81,036

Less: Deductions (Chapter VI-A)

u/s 80C
L.I.P. 89,486
P.P.F. 60,000
P.F. 36,000
Total 1,85,486
1,50,000
u/s 80TTA (Interest From Saving Bank Account.) 10,000
1,60,000
Total Income 8,21,036
Round off u/s 288 A 8,21,040
Income Exempt u/s 10 75,402
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Tax Due 76,708

Health & Education Cess (HEC) @ 4.00% 3,068
79,776
T.D.S./T.C.S 15,045
64,731
Interest u/s 234 A/B/C 3,856
68,587
Round off u/s 288B 68,587
Deposit u/s 140A 68,587
Tax Payable 0

Interest Charged (Rs.) T.D.S./ T.C.S. From (Rs.)

u/s 234B (4 Month) 2,588 Non-Salary(as per Annexure) 15,045
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NAME OF ASSESSEE : APPALA NAIDU SABBAVARAPU A.Y. 2024-2025 PAN : BKJPS1050E Code :1091

u/s 234C 1,268

(69+207+345+647)

Details of Exempt Income

S.No. Particulars Amount

1 OTH-INTEREST ON PPF 75402

Total 75402
Interest calculated upto July,2024, Due Date for filing of Return July 31, 2024
Income Declared u/s 44 AD SITE SALES
Gross Receipts/Turnover (Other than ECS/Cheque/DD) 0.00
Gross Receipts/Turnover (ECS/Cheque/DD Mode) 3954652.00
Gross Receipts/Turnover (Cash Receipt) 0.00
Gross Receipts/Turnover (Total) 3954652.00
Deemed Profit(Other than ECS/Cheque/DD) 0.00 8.00 %
Deemed Profit(ECS/Cheque/DD Mode) 237279.12 6.00 %
Net Profit Declared 237280.00 6.00 %

Prepaid taxes (Advance tax and Self assessment tax)26 AS Import Date:20 Jul 2024
Sr.No. BSR Code Date Challan No Bank Name & Branch Amount
1 0290071 28/07/2024 00678 UNION BANK OF INDIA CHANDNI 68587
CHOWK - NEW DELHI
Total 68587
Statement of Current Year Loss Adjustment
Head/Source of Income Current Year House Property Business Loss of Other Sources Current Year Income
Income Loss of the the Current Year Loss of the Remaining after Set
Current Year Set Set off Current Year Set off
off off
Loss to be adjusted 104621
Salary 632800 104621 NIL NIL 528179
House Property NIL NIL NIL NIL
Business 237280 NIL NIL 237280
Speculation Business NIL NIL NIL NIL NIL
Short term Capital Gain NIL NIL NIL NIL NIL
Long term Capital Gain NIL NIL NIL NIL NIL
Other Sources 215577 NIL NIL 215577
Total Loss Set off 104621 NIL NIL
Loss Remaining after NIL NIL NIL
set off

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) 15377 15.00 2307 0 2300 3 69
2. Second (Up to Sep) 15377 45.00 6920 0 6900 3 207
3. Third (Up to Dec) 15377 75.00 11533 0 11500 3 345
4. Fourth (Up to March) 64731* 100.00 64731 0 64700 1 647
Total 1268

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NAME OF ASSESSEE : APPALA NAIDU SABBAVARAPU A.Y. 2024-2025 PAN : BKJPS1050E Code :1091

=>Interest u/s 234C on capital gain income calculated from date of sale if you want to change calculation
period from starting of the year then go to Setup->Miscellaneous->Calculation and untick the sl.no. 7 option.

Interest Calculation u/s 234B

Interest u/s 234C : 1268
S. No. Month Principal Int. 234B Int. 234A/F Deposit Int Adjusted Int Remain Principal Adj
1 April-2024 64731 647 0 0 0 1915 0
2 May-2024 64731 647 0 0 0 2562 0
3 June-2024 64731 647 0 0 0 3209 0
4 July-2024 64731 647 0 68587 3856 0 64731
Total 2588 0

Bank Account Detail

S.N Bank Address Account No IFSC Code Type Prevalidated Nominate for
. refund
1 ANDHRA BANK 133410100044515 ANDB000133 (Primary) No No
4

Details of Interest From Bank

S.NO. PARTICULARS AMOUNT
1 UNION BANK OF INDIA 47453
2 STATE BANK OF INDIA 17030
3 HDFC BANK LIMITED 310
4 BANK OF BARODA 32
TOTAL 64825

Details of Interest on F.D.R.

S.NO. PARTICULARS AMOUNT
1 UNION BANK OF INDIA 150449
2 BANK OF BARODA 303
TOTAL 150752

Details of T.D.S. on Non-Salary(26 AS Import Date:20 Jul 2024)

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 BANK OF BARODA MUMB21345C 303 0 0
2 UNION BANK OF INDIA RO VPNU00703D 150449 15045 15045
VISHAKHAPATNAM
TOTAL 150752 15045 15045

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
Other Sources 194A 150752 215577 Interest Income:215577 15045
Total 150752 215577 15045

Details of Taxpayer Information Summary (TIS)

S.NO INFORMATION CATEGORY DERIVED As Per Computation Difference
. VALUE(Rs.)
1 Interest from deposit 150752 Interest on FDR 150752 NIL
2 Interest from savings bank 64825 Interest from saving bank 64825 NIL
a/c
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NAME OF ASSESSEE : APPALA NAIDU SABBAVARAPU A.Y. 2024-2025 PAN : BKJPS1050E Code :1091

Salary Salary 685200 685200

Rent received - Rent Receivable 180000 180000
Business receipts Total Gross 3954652
Receipts/Turnover (44AD)
3954652 3954652

Detail of assets and income given in return form

Balance Sheet
Liabilities Assets
S.No Particulars Amount S.No Particulars Amount
1. Partner/Member 18864433 1 Fixed Assets 11525597
capital
2. Secured Loans 3294235 2. Inventories 432600
3. Unsecured Loans 1632575 3. Sundry debtors 0
4. Advances 0 4. Balance with banks 1034956
5. Sundry Creditors 0 5. Cash in hand 693842
6. Other liabilities 1460338 6. Loan and advances 7065023
7. Other Assets 4499563
Total 25251581 Total 25251581

Signature
(APPALA NAIDU SABBAVARAPU)
Date-29.07.2024
CompuTax : 1091 [APPALA NAIDU SABBAVARAPU]
Balaji Associates, Vizianagaram

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