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 2024-2025
Ward WARD 1(4), INDORE Year Ended 31.3.2024
PAN ABSPG3914A Date of Birth 11/09/1972
Residential Status Resident Gender Male
Particular of Business Retail Trading
Nature of Business WHOLESALE AND RETAIL TRADE-Retail sale of other products
n.e.c(09028),Trade Name:Rishi Gangwal
Method of Accounting Mercantile
Stock Valuation Method Cost price And Market price whichever is less
A.O. Code BPL-W-51-4
Filing Status Original
Return Filed On 18/07/2024 Acknowledgement No.: 783366290180724
Last Year Return Filed On 04/11/2023 Acknowledgement No.: 501961180041123
Last Year Return Filed u/s Normal
Bank Name Bank of Baroda, VIJAY NAGAR BRANCH, A/C NO:29270100000719 ,Type:
Saving ,IFSC: BARB0VIJIND, Prevalidated : Yes, Nominate for refund : Yes
Tele: (0731)2908840 Mob:9300056841

Computation of Total Income [As per Normal Provisions]

Income from House Property (Chapter IV C) -56,545

Self Occupied Property

726 MR 3 Mahalaxmi Nagar Indore(MADHYA
PRADESH)-452010
Interest u/s 24(b) (56545) -56,545

Income from Business or Profession (Chapter IV D) 4,22,670

Income u/s 44AD 4,22,670

Income from Other Sources (Chapter IV F) 2,400

Interest From Saving Bank A/c(as per Annexure) 161

Interest on F.D.R.(as per Annexure) 2,233
Dividend From Shares 6
2,400

Gross Total Income 3,68,525

Less: Deductions (Chapter VI-A)

u/s 80C
House Loan 26,559
26,559
u/s 80TTA (Interest From Saving Bank Account.) 161
26,720
Total Income 3,41,805
NAME OF ASSESSEE : RISHI GANGWAL A.Y. 2024-2025 PAN : ABSPG3914A Code :913,Group Code :15

Round off u/s 288 A 3,41,810

Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Tax Due 4,591

Rebate u/s 87A 4,591
0
Tax Payable 0

Tax calculation on Normal income of Rs 3,41,810/-

Exemption Limit :2,50,000
Tax on (3,41,810-2,50,000) =91,810 @5% = 4,591
Total Tax = 4,591

Due Date for filing of Return July 31, 2024

Income Declared u/s 44 AD RISHI GANGWAL
Gross Receipts/Turnover 537312.00
Book Profit 422670.00 78.66 %
Deemed Profit 42984.96 8.00 %
Net Profit Declared 422670.00 78.66 %

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 56545
House Property NIL NIL NIL NIL
Business 422670 56545 NIL 366125
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 2400 NIL NIL 2400
Total Loss Set off 56545 NIL NIL
Loss Remaining after NIL NIL NIL
set off

Details of Interest From Bank

S.NO. PARTICULARS AMOUNT
1 BANK OF BARODA 161
TOTAL 161

Details of Interest on F.D.R.

S.NO. PARTICULARS AMOUNT
1 BANK OF BARODA 1577
2 SBM BANK (INDIA) LIMITED 656
TOTAL 2233

Details of Dividend From Shares

S.NO. PARTICULARS AMOUNT

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NAME OF ASSESSEE : RISHI GANGWAL A.Y. 2024-2025 PAN : ABSPG3914A Code :913,Group Code :15

1 THE INDIAN HOTELS COMPANY LIMITED 4

2 ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 2
TOTAL 6

Details of T.D.S. on Non-Salary(26 AS Import Date:03 Jun 2024)

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 2 2400 Dividend Income:6
Interest Income:2394
Other Sources 194A 1894 as above as above
Total 1896 2400

Details of Taxpayer Information Summary (TIS)

S.NO INFORMATION CATEGORY DERIVED As Per Computation Difference
. VALUE(Rs.)
1 Dividend 6 Dividend From Shares 6 NIL
2 Interest from deposit 1894 Interest on FDR 2233 -339
3 Interest from savings bank 161 Interest from saving bank 161 NIL
a/c
Business receipts Total Gross 537312
Receipts/Turnover (44AD)
537312 537312

Detail of assets and income given in return form

Balance Sheet
Liabilities Assets
S.No Particulars Amount S.No Particulars Amount
1. Partner/Member 79478 1 Fixed Assets 0
capital
2. Secured Loans 0 2. Inventories 65800
3. Unsecured Loans 0 3. Sundry debtors 0
4. Advances 0 4. Balance with banks 198
5. Sundry Creditors 0 5. Cash in hand 13480
6. Other liabilities 0 6. Loan and advances 0
7. Other Assets 0
Total 79478 Total 79478

Signature
(RISHI GANGWAL)
Date-18.07.2024
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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