Name of Assessee RISHI GANGWAL
Father's Name SHRI SURESH KUMAR GANGWAL
Spouse Name MEGHNA GANGWAL
Address 726,MR 3,MAHALAXMI NAGAR,INDORE,MADHYA PRADESH,452010
E-Mail rishigangwal72@gmail.com
Status Individual Assessment Year 2023-2024
Ward ITO 3(1),IND Year Ended 31.3.2023
PAN ABSPG3914A Date of Birth 11/09/1972
Residential Status Resident Gender Male
Particular of Business Service
Nature of Business WHOLESALE AND RETAIL TRADE-General commission agents, commodity
brokers and auctioneers(09005)
Method of Accounting Mercantile
A.O. Code BPL-W-053-01
Original Return 23/07/2023 Acknowledgement No: 630521920230723
Last Year Return Filed On 11/07/2022 Acknowledgement No.: 783993640110722
Last Year Return Filed u/s Normal
Bank Name Bank of Baroda, VIJAY NAGAR BRANCH ,MICR:452012012, A/C
NO:29270100000719 ,Type: Saving ,IFSC: BARB0VIJIND
Tele: (0731)2908840 Mob:9300056841
Computation of Total Income (revised) [As per Normal Provisions]
Income from House Property (Chapter IV C) -17139
Self Occupied Property
726 MR 3 Mahalaxmi Nagar Indore(MADHYA
PRADESH)-452010
Interest u/s 24(b) (17139) -17139
Income from Business or Profession (Chapter IV D) 443212
RISHI GANGWAL
Profit as per Profit and Loss a/c 443212
Total 443212
Income from Capital Gain (Chapter IV E) 80015
Short Term Capital Gain
Capital Gain as per Details Attached (stt) 14502
Long Term Capital Gain
Long Term Capital Gain u/s 112A as per 65513
Details Attached
Note: - Threshold Limit of Rs. 1,00,000
as given u/s 112A is the part of Total
Income but in tax calculation this amount
will be excluded.
NAME OF ASSESSEE : RISHI GANGWAL A.Y. 2023-2024 PAN : ABSPG3914A Code :913,Group Code :15
Income from Other Sources (Chapter IV F) 1534
Interest From Saving Bank A/c(as per Annexure) 319
Interest on F.D.R.(as per Annexure) 1175
Dividend From Shares 40
1534
Gross Total Income 507622
Less: Deductions (Chapter VI-A)
u/s 80C
L.I.P. 11561
11561
u/s 80TTA (Interest From Saving Bank Account.) 319
11880
Total Income 495742
Round off u/s 288 A 495740
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.
Tax Due 8287
Short Term Capital Gain @ 15% 2175
Total Tax 10462
Rebate u/s 87A 10462
0
Tax Payable 0
Tax calculation on Normal income of Rs 415730/-
Exemption Limit :250000
Tax on (415730-250000) =165730 @5% = 8287
Total Tax = 8287
Due Date for filing of Return July 31, 2023
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 17139
House Property NIL NIL NIL NIL
Business 443212 17139 NIL 426073
Speculation Business NIL NIL NIL NIL NIL
Short term Capital Gain 14502 NIL NIL NIL 14502
Long term Capital Gain 65513 NIL NIL NIL 65513
Other Sources 1534 NIL NIL 1534
Total Loss Set off 17139 NIL NIL
Loss Remaining after NIL NIL NIL
set off
Special Rates Income u/s 112A
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NAME OF ASSESSEE : RISHI GANGWAL A.Y. 2023-2024 PAN : ABSPG3914A Code :913,Group Code :15
Description Amt Exemption u/s Basic Amt After Setoff Rate Tax
112A(2)(i) Exemption
Long Term capital Gain 65513 65513 0 0 10.00 0
u/s 112A
Details of Interest From Bank
S.NO. PARTICULARS AMOUNT
1 BANK OF BARODA 284
2 KOTAK MAHINDRA BANK LIMITED 35
TOTAL 319
Details of Interest on F.D.R.
S.NO. PARTICULARS AMOUNT
1 BANK OF BARODA 1175
TOTAL 1175
Details of Dividend From Shares
S.NO. PARTICULARS AMOUNT
1 BANK OF BARODA 30
2 PUNJAB NATIONAL BANK 6
3 ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 2
4 THE INDIAN HOTELS COMPANY LIMITED 2
TOTAL 40
Details of T.D.S. on Non-Salary(26 AS Import Date:04 Nov 2023)
S.No Name of the Deductor Tax deduction A/C No. of Total Tax deducted Amount out of (4)
the deductor claimed for this year
TOTAL 0 0
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 194 31 1534 Dividend Income:40
Interest Income:1494
Other Sources 194A 1175 as above as above
Total 1206 1534
Details of Taxpayer Information Summary (TIS)
S.NO INFORMATION CATEGORY DERIVED As Per Computation Difference
. VALUE(Rs.)
1 Dividend 39 Dividend From Shares 40 -1
2 Interest from savings bank 319 Interest from saving bank 319 NIL
a/c
3 Interest from deposit 1175 Interest on FDR 1175 NIL
4 Sale of securities and units of mutual fund 14502 Sale of STCG 14502
Shares/Mutual fund
Sale of LTCG 65513
Shares/Mutual fund
80015 -65513
5 Business receipts 450400 Trading Account->Sales/ 450400
Gross receipts of business
Trading Account->Gross
receipts from Profession
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NAME OF ASSESSEE : RISHI GANGWAL A.Y. 2023-2024 PAN : ABSPG3914A Code :913,Group Code :15
Profit and Loss
Account->Other income
Turnover from speculative
activity
450400 NIL
Statement of Short Term Capital Gain (Transaction Tax)
Name of Company Date of Sale Sales Price Tr. Exp. Net Sale Purchase Purchase Loss u/s Capital
Price Date cost 94(7)/(8) gain
CONSOLIDATED 14502 0 14502 0 0 14502
TOTAL 14502 14502 14502
Statement of Long Term Capital Gain Transaction Tax u/s 112A
Name of Company ISIN Qty Date of Sales Net Sale Purchase Purchase Market value Calculated Capital
Sale Price Price Price Date as on Purchase gain
31/01/18 cost #
CONSOLIDATED INNOTREQ 0 65513 65513 0 0 0 65513
UIRED
TOTAL 65513 65513 65513
# Calculated Purchase Cost:-
(i). Lower of Market Value as on 31/01/2018 or Actual Sale Consideration
(ii). Calculated Purchase Cost = Higher of (i) or Actual Purchase Price
Signature
(RISHI GANGWAL)
Date-04.11.2023
CompuTax : 913 [RISHI GANGWAL],Group Code :15
S.K. PORWAL & CO. FCA 113, SHRINATHJI AVENUE, 158, R.N.T. MARG, INDORE
Generated at the time of Return File
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