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    Book 1

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    Nandhakumar
    1. Sundaraj Ravichandran, a 56-year old individual resident of Bengaluru, earned a total income of Rs. 1,225,340 in AY 2022-23 from business profits, interest income, and other sources. 2. His business income included presumptive profits of Rs. 331,908, and he earned interest income of Rs. 893,430 from bank deposits. 3. His total tax liability was Rs. 124,871, from which TDS of Rs. 98,326 was deducted. He paid the remaining self-assessment tax of Rs. 27,870, fulfilling his tax obligations for the year.

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    Book 1

    Uploaded by

    Nandhakumar
    75 views2 pages
    1. Sundaraj Ravichandran, a 56-year old individual resident of Bengaluru, earned a total income of Rs. 1,225,340 in AY 2022-23 from business profits, interest income, and other sources. 2. His business income included presumptive profits of Rs. 331,908, and he earned interest income of Rs. 893,430 from bank deposits. 3. His total tax liability was Rs. 124,871, from which TDS of Rs. 98,326 was deducted. He paid the remaining self-assessment tax of Rs. 27,870, fulfilling his tax obligations for the year.

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    1. Sundaraj Ravichandran, a 56-year old individual resident of Bengaluru, earned a total income of Rs. 1,225,340 in AY 2022-23 from business profits, interest income, and other sources. 2. His business income included presumptive profits of Rs. 331,908, and he earned interest income of Rs. 893,430 from bank deposits. 3. His total tax liability was Rs. 124,871, from which TDS of Rs. 98,326 was deducted. He paid the remaining self-assessment tax of Rs. 27,870, fulfilling his tax obligations for the year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    75 views2 pages

    Book 1

    Uploaded by

    Nandhakumar
    1. Sundaraj Ravichandran, a 56-year old individual resident of Bengaluru, earned a total income of Rs. 1,225,340 in AY 2022-23 from business profits, interest income, and other sources. 2. His business income included presumptive profits of Rs. 331,908, and he earned interest income of Rs. 893,430 from bank deposits. 3. His total tax liability was Rs. 124,871, from which TDS of Rs. 98,326 was deducted. He paid the remaining self-assessment tax of Rs. 27,870, fulfilling his tax obligations for the year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    A.Y.

    2022-2023
    Name : Sundaraj Ravichandran Previous Year : 2021-2022
    Father's Name : SundarRaj PAN : AHDPR 6165 R
    Address : No. 135/1-D,
    Shiva Farm, Status : Individual
    Magadi Road, Date of Birth : 27-Dec-1966
    Kamakshi Palya,, Bengaluru - 560 079 Aadhaar No. : 4114 8916 8500
    Resident Opted Tax u/s 115BAC
    Statement of Income
    Rs. Rs. Rs.
     Profits and gains of Business or Profession
    Business: Presumptive profits u/s 44AD 1 331,908

    Income chargeable under the head "Business and Profession" 331,908

     Income from other sources


    Interest income 2 893,430
    Income chargeable under the head "other sources" 893,430

     Total Income 1,225,338


    Total income rounded off u/s 288A 1,225,340
    Tax on total income 120,068
    Add: Cess 4,803
    Tax with cess 124,871
    Net Tax 124,871
    TDS 3 98,326
    Total prepaid taxes 98,326
    Balance Tax 26,545
    Interest u/s 234B 1,060
    Interest u/s 234C 265 1,325
    Net tax payable 27,870
    Self-assessment tax paid 4 27,870
     Balance tax payable 0

    Schedule 1
    Turnover /
    Presumptive Profits-u/s 44AD % Profits
    Receipts
    @ 6% profit case (if received by A/c payee
    Cheque/DD/ECS/other Electronic modes within due date)
    Manufacturing 5,531,792 6 331,908

    Schedule 2
    Interest income (other than NSC/KVP interest)
    Name of the Bank Interest
    Interest on Time Deposits
    City Union Bank 831,094
    City Union Bank 61,623
    Total 892,717
    Interest on Savings a/c (80TTA)
    Union Bank of India 713
    Taxable Interest 893,430

    Schedule 3
    TDS as per Form 16A
    Deductor, TAN TDS TDS claimed Gross receipt
    offered/
    deducted in current year
    withdrawals
    Ashirvad Pipes P.ltd, TAN- BLRA01535C 7,400 7,400 740,000
    Ashirvad Pipes P.ltd, TAN- BLRA01535C 281 281 280,725
    City Union Bank Limited, TAN- CHEC04561E 0
    City Union Bank Limited Administrative Office Kumbakonam,
    90,645 90,645 892,906
    TAN- CHEC11624E
    Total 98,326 98,326 1,913,631

    Schedule 4
    Self Assessment tax paid

    Name of the Bank and BSR Code Date of deposit Challan Sl.no. Amount paid

    State Bank of India - 0011349 31-Jul-22 13017 27,870

    Bank A/c: City Union Bank 199120000140513 IFSC: CIUB0000199

    Date : 31-Jul-2022
    Place : Bengaluru [ SUNDARAJ RAVICHANDRAN ]

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