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Computation AY21 22

Mr. Rajnish, a resident of Kurukshetra, Haryana, has reported a total income of ₹745,850 for the assessment year 2023-2024, primarily from his business in manufacturing paper products. His total tax liability amounts to ₹64,136 after deductions and interest, with no amount payable due to prior tax deposits. The return filing due date was extended to December 31, 2021, and the document includes comprehensive details of his income and tax calculations.

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8 views2 pages

Computation AY21 22

Mr. Rajnish, a resident of Kurukshetra, Haryana, has reported a total income of ₹745,850 for the assessment year 2023-2024, primarily from his business in manufacturing paper products. His total tax liability amounts to ₹64,136 after deductions and interest, with no amount payable due to prior tax deposits. The return filing due date was extended to December 31, 2021, and the document includes comprehensive details of his income and tax calculations.

Uploaded by

vikashchhoker16
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 :- CL80

Name : Mr. RAJNISH


Father's Name : Mr. RAMESH KUMAR
Address(O) : Rattandera (393) , Sirsala, Kurukshetra, Haryana – 136131
Address(R) : Rattandera (393) , Sirsala, Kurukshetra, Haryana – 136131

Permanent Account No : DVNPR0485P Date of Birth : 29/07/1992

Sex : Male
Status : Individual Resident Status Resident
Previous year : 2022-2023 Assessment Year : 2023-2024
Ward/Circle : Return : ORIGINAL
Nature of Business or MANUFACTURE OF PAPER AND PAPER PRODUCTS - 04033 (CORRUGATED BOXES)
Profession

Computation of Total Income


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 745850 745850

Income from Capital Gains 0 0

Income from Other Sources 0 0

Gross Total Income 745850

Less : Deduction under Chapter VIA 0

Total Income 745850

Rounding off u/s 288A 745850

Income Taxable at Normal Rate 745850


Income Taxable at Special Rate 0

TAX CALCULATION
Basic Exemption Limit Rs. 250000
Tax at Normal Rates 61670
Total Tax 61670
Add : Health and Education Cess 2466
Total 64136
Add : Interest 2564
u/s 234B 1723
1647[9M]+0[0M]
u/s 234C 641
(183)

Less : Tax Deposited u/s 140A 66700


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

Income from Business & Profession Details


745850
Business Income u/s 44AD
Gross Receipts (Banking channel) 0
Gross Receipts (Other mode) 3628710
Total Gross Receipts 3628710
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Actual Profit 745850
Actual Profit %age is 20.55%
Deemed Profit @6% on Gross Receipts 0
(Banking channel)
Deemed Profit @8% on Gross Receipts (Other 290297
mode)
Deemed Profit against Turnover 290297
Higher of Assessable profit 745850
Business Income From 44AD 745850
Total of Business & Profession 745850

Details : Tax Deposited u/s 140A

Bank and Branch BSR Code Dated ChallanNo. Amount


ICICI BANK- 6390009 31/07/2021 20078 66700

44AD Turnover Detail


Description Turnover(Non Turnover Gross Actual Profit Actual Profit
Banking) (Banking Turnover (%)
Channel)
RAJNISH PACKAGING & LABELS 3628710 0 3628710 745850 20.55
Total 3628710 0 3628710 745850

Return Filing Due Date : 31/07/2021 Return Filing Section :


Due Date Extended upto : 31/12/2021 Notification No : CBDT Cir. No.17/2021
Interest Calculated Upto : 31/07/2021

Verified By : RAJNISH

ZenIT - A KDK Software Product

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