Ramnarayan Lodha, a resident individual, filed his original income tax return for AY 2022-23 declaring total income of Rs. 500,000 under normal provisions. His sole proprietorship business of wholesale and retail trade had income of Rs. 499,999 under section 44AD. After rebate under section 87A, his tax payable was Rs. 0. However, he was charged a fee of Rs. 1,000 under section 234F for default in filing return on time.
Ramnarayan Lodha, a resident individual, filed his original income tax return for AY 2022-23 declaring total income of Rs. 500,000 under normal provisions. His sole proprietorship business of wholesale and retail trade had income of Rs. 499,999 under section 44AD. After rebate under section 87A, his tax payable was Rs. 0. However, he was charged a fee of Rs. 1,000 under section 234F for default in filing return on time.
Ramnarayan Lodha, a resident individual, filed his original income tax return for AY 2022-23 declaring total income of Rs. 500,000 under normal provisions. His sole proprietorship business of wholesale and retail trade had income of Rs. 499,999 under section 44AD. After rebate under section 87A, his tax payable was Rs. 0. However, he was charged a fee of Rs. 1,000 under section 234F for default in filing return on time.
Ramnarayan Lodha, a resident individual, filed his original income tax return for AY 2022-23 declaring total income of Rs. 500,000 under normal provisions. His sole proprietorship business of wholesale and retail trade had income of Rs. 499,999 under section 44AD. After rebate under section 87A, his tax payable was Rs. 0. However, he was charged a fee of Rs. 1,000 under section 234F for default in filing return on time.
Father's Name Address 00,BHANPURIYA,JHALAWAR,RAJASTHAN,326022 E-Mail [email protected] Status Individual Assessment Year 2022-2023 Ward Year Ended 31.3.2022 PAN AYNPL0821H Date of Birth 15/08/1997 Residential Status Resident Gender Male Nature of Business WHOLESALE AND RETAIL TRADE-Retail sale of textiles, apparel, footwear, leather goods(09024) Filing Status Original Return Filed On 31/12/2022 Acknowledgement No.: 988799080220323 Last Year Return Filed u/s Normal Aadhaar No: 624907907413 Mobile No Linked with Aadhaar: Bank Name STATE BANK OF INDIA, , A/C NO:61336811221 ,Type: ,IFSC: SBIN0032490 Tele: 9571704389 Mob:9571704389
Computation of Total Income [As per Normal Provisions]
Caution 1. 26AS not imported 2. AIS/TIS report not imported
Income from Business or Profession (Chapter IV D) 499999
Income u/s 44AD 499999
Gross Total Income 499999
Total Income 499999
Round off u/s 288 A 500000 Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.
Tax Due 12500
Rebate u/s 87A 12500 0 Fee for default in furnishing return of income u/s 1000 234F 1000 Round off u/s 288B 1000 Deposit u/s 140A 1000 Tax Payable 0
Tax calculation on Normal income of Rs 500000/-
Exemption Limit :250000 Tax on (500000-250000) =250000 @5% = 12500 Total Tax = 12500
Income Declared u/s 44 AD
NAME OF ASSESSEE : RAMNARAYAN LODHA A.Y. 2022-2023 PAN : AYNPL0821H Code :9874556622
Gross Receipts/Turnover 1510258.00
Book Profit 499999.00 33.11 % Deemed Profit 120820.64 8.00 % Net Profit Declared 499999.00 33.00 %
Prepaid taxes (Advance tax and Self assessment tax)
Sr.No. BSR Code Date Challan No Bank Name & Branch Amount 1 . 1000 Total 1000
Bank Account Detail
S. No. Bank Address Account No MICR NO IFSC Code Type 1 STATE BANK OF INDIA 61336811221 SBIN0032490 (Primary)
Detail of assets and income given in return form
Balance Sheet Liabilities Assets S.No Particulars Amount S.No Particulars Amount 1. Partner/Member 0 1 Fixed Assets 0 capital 2. Secured Loans 0 2. Inventories 79654 3. Unsecured Loans 0 3. Sundry debtors 61254 4. Advances 0 4. Balance with banks 0 5. Sundry Creditors 58964 5. Cash in hand 44585 6. Other liabilities 0 6. Loan and advances 0 7. Other Assets 0 Total 58964 Total 185493
