229.

6 Case study 6-Generate income-tax return from the data given below -
Name Naresh Kumar Malhotra
Father's Name Ashok Kumar Malhotra
PAN BANPM5987N
Date of birth 22/08/1956
Address 86/71, New Patel Road, Raja Market, Bengaluru - 560002 (Karnataka)
Mobile No. 6884521550
e-mail ID
[email protected]
Residential status Resident and ordinarily resident (he was in India for 280 days during
the previous year 2023-24)
Return to be filed under which section 139(1), originalreturn
Name and address of employer Amar Textiles Ltd., 51-3 Cubbonpete, Bengaluru - 560002 (Karnataka)
PAN of employer BAACA7479T
Director in any company Nil
Shareholding in unlisted companies Nil
No. of bank accounts held by assessee 1
at any time (including opened/ closed)
during the previous year
Details of bank accounts Name of bank SBI
Account No. 86112523012
IFSCode SBIN0001422
Type of account Saving
Date of filing 12/07/2024
Place of filing return Bengaluru
 2i
Income details - Income details are given below -
Rs
Income from salary (as per Form No. 16 given by cmployer)
Salary. 62,00,000
Travelling allowance exempt under section 10(14). 27,690
House rent allowance (HRA) -
- HRA received from employer 4,90,000
-HRA exempt under section 10(13A) 3,10,000
Entertainment allowance .... 8,000
72,000
Profits in lieu of salary (taxable)
Capital gains (1) 30,000
:10/09/2023)
Sale consideration of personal computer (date of transfer 50,000
Cost of acquisition (year of acquisition :2020-21)
Capital gains (2) of transfer :10/04/2023) (CII:348) .... 51,00,000
Sale consideration of gold (held for personal use) (date 3,00,000
Cost of acquisition (year of acquisition : 2003-04) (CII :109)
Income from other sources 1,80,000
Bank interest (FD) from SBI (net of TDS @10%) 36,000
Gift received in cash from a friend
3,150
Interest from PNB mutual fund (no TDS) .... 11,400
Interest credited in saving bank account
Investment/expenditure 1,40,000
Recognised provident fund contribution.. 30,000
Public provident fund contribution 19,000
Account.
Cash deposited in Sukanya Samriddhi 82,000
NPS
Tax deducted at source 18,55,000
RTKA12336C)
-By employer (TAN of employer: BLRS93839F) 20,000
-By bank on FD interest (TAN of bank:
Advance tax/self-assessment tax paid by assessee 0003490, Challan No. :00024) 80,000
- Tax paid on 02/06/2023 (BSR Code of bank :
Assets details - Asset details are given below -
Rs.

Jewellery held by assessee on 31/03/2024 30,000

Cost of acquisition (when originally acquired in 1984-85) 7,20,000
- Market value as on 31/03/2023
given below -
329.7 Case study7-Generate income-tax return from the data
Ms. Niharika Vij
Name
Father's Name Bharat Vij
BAKPV1097T
PAN
Date of birth 15/11/1964
Bengal)
Address 678-1-Z, Mukherji Road, Kalakar Street, Kolkata-700007 (West
Mobile No. 7745962146, 9801116835
e-mail ID [email protected]
during
Residential status Resident and ordinarily resident (he was in India for 300 days
the previous year 2023-24)
Return to be filed under which section 139(1), original return
Name and address of employer Jhunjhunwala Developers Lt., 27/5 Ramkrishna Park, Kolkata-700025
(West Bengal)
PAN of employer BAAPJ5213B
Director in any company Rajeev Traders Ltd., domestic company, listed shares,
PAN:AHPCR9873P
DIN : 00011476
 Shareholding in unlisted companies Name of company : Sunder Motors Ltd., domestic company
PAN:AFDCS2598M
Opening balance: 80,000 shares
Cost of acquisition: Rs. 28,90,000
No purchase or sale during the year
No, of bank accounts held by assessee 2
at any time (including opened/closed)
during the previous year
Details of bank accounts SBI Standard
Name of bank Chartered Bank
76169523017 46512497816
Account No.
SBINO001422 SCBLO036072
IFS Code
Type of account Saving Saving
Refund (if any) to be credited to
which account
Date of filing 25/07/2024
Place of filing return Kolkata

Income details - Income details are given below -

Rs.

Incomefromsalary (as per Form No. 16 given by employer) 41,00,000

Basic salary 36,000
Commission. 30,000
Perquisite in respect of personal attendant (provided by employer) Nil
Profits in lieu of salary (exempt) 3,600
Hostel expenditure allowance [fully exempt under section 10(14). 40,000
Leave salary (fully taxable)
Travelling allowance for travelling outside headquarter - 48,000
-Travelling allowance received from employer 40,000
- Travelling allowance exempt under section 10(14)
Leave travel concession (LTC) - 3,00,000
-LTC received from employer... 1,98,000
-LTC exempt under section 10(5)
Income from house property (1)
fully owned by assessee, name
Address of property:1820, Bank Street, Indore - 453111 (MP),
of tenant : Royal Ltd. standard rent is lower than
value, fair rent,
Rent from tenant (net of TDS @10%) (municipal 18,00,000
Rs. 20,00,000) (unrealised rent : nil, vacancy : nil) 27,000
Municipal taxes paid by assessee during the previous year 25,000
Municipal taxes (outstanding) 42,000
Municipal tax is paid by tenant. 70,000
property
Interest on capital borrowed for renewal of house
Income from house property (2)
Kalakar Street, Kolkata -700007 (West
Address of property:678-1-Z, Mukherji Road,
Bengal), fully owned by assessee, fully self-occupied
previous year
47,500
Municipal taxes paid by assessee during the 9,000
Municipal taxes (outstanding).. 50,000
for purchase of house property
Interest on capital borrowed during 2008-09 8,000
Fire insurance premium of house property.
Capital gains personal use) (date of transfer : 20/02/2024) ....*..eeoe 9,00,000
Sale consideration of diamonds (held for1977-78) . 10,000
acquisition :
Cost of acquisition (year of 72,000
Fair market value on April 1, 2001 45,000
Fair market value on April 1, 1981
 Income from other sources Rs.
Bank interest (savings account)
Gift received from mother's brother 26,(000
Gift received from a colleague in cash 80,000
Intereston income-tax refund (received on December 1,2023 for the assessment year 2023-24) 80,3,070010
Dividend on preference shares from HeeraMotors Ltd. (no TDS)
1,250
Interest on deposit given to Amar Construction Ltd. (TDS : nil) 26,000
Investment/expenditure
Recognised provident fund contribution.
Public provident fund contribution
180,000
Investment in NSC (VIII Issue) (date of investment: 17/03/2024)
46,000
Investment in NSC(VIII lssue) (date of investment:08/01/2023) (rate of interest :7 per cent)
10,000
70,000
NPS
Tax deducted at sOurce
70,000
By employer (TAN of employer : RTKJ65421G) 10,42,000
By tenant (TAN of tenant: DELR78456A) 2,00,000
Advance tax/sclf-assessment tax paid by assessee
:00001)
- Tax paidon 08/09/2023 (BSR Code of bank: 0006560, Challan No. 41,000
: 0006740, Challan No. : 00048)
Tax paid on 04/07/2024 (BSR Code of bank 1,70,000
Assets details -Asset details are given below -
Rs
House 2:
Original cost of house properties owned by assessee (House 1: Rs. 6,00,000 and
Rs. 24,00,000) 30,00,000
Cash in hand on 31/03/2024 84,000
Shares 85,10,000
329.8 Case study8-Generate income-tax return from the data given below -
Name Ram Kumar Yadav
Fathers Name Darshan Kumar Yadav
PAN AANPY3461T
Date of birth 11/07/1978
Address 4/55, New Rohtak lRoad, Patel Street, Kamalpura, Vadodra - 391520
(Gujarat)
Mobile No. 9899000052
(-mail Í) rkyadav19780gmail.com
Rosidential statU% Resident and ordinarily resident (he was in lndiafor 210 lays luring
the previous year 2023-24)
Return to be filed under which wction 139(0), original return
Narne and address of employer Rajat Chemicals 1Ad,, 11limmatpura, Vadoxlra -191774 (Gujarat)
PANf ernployer AAACRI2:781|
Diretor inany company Satinh Traders Ltb., doetie conpay, isted shares,
PAN:AIPCS41S
DIN : 0(013641
Sharcholting,inunlin.ted companies Nil
No, of bank accounts held by aswww0
at anytiw (including opened/elowd)
duriny,the previons year
Details of bank counts Na of bank 'NB
Aceount No. Hol1252019 A651897HI7
ISCod SBINOO042? I'UNBO02310
Typr of aeount Sving,
kefund (il any) to be creditel
to which aceounf
 Date of filing 31/07/2024
Place of filing retum Vadodra

Income de tails - Income details are given below -

Rs.

Income from salary (as per Form No. 16 gien by employer) 1,45,00,000
Basic salary
Travelling allowance exempt under section 10(14)
40,000
House rent allowance (HRA) -
- HRAreceived from employer 7,50,000
630,000
- HRAexempt under section 10(13A). 30,000
Perquisite in
Perquisite respect of gas (provided by employer)
in respect of interest-tree loan (taxable value calculated as per valuation rule)... 48,000
8,000
Profits in lieu of salary (taxable) 8,000
Profits in lieu of salary (exermpt)
Income from house property
Address of property :305, Tata Street, Andheri (East), Mumbai - 400002, fully owned by
Kamal Ltd.
assessee, name of tenant:
Rent from tenant (net of TDS O 10%o) (municipal value, fair rent, standard rent is lowes
9,00,000
than Rs. 10,00,000) (unrealised rent :nil, vacancy :nil)
20,000
Municipal taxes paid by assessee during the previous year 24,000
Municipal taxes (outstanding).
8,000
Municipal tax is paid by tenant. 1,85,000
Interest on capital borrowed for renewal of house property
Arrears of rent pertaining to 2010-11 (collected during the current previous year) 40,000

Capital gains (1) 84,00,000

Sale consideration of a plot of land' (date of transfer : 15/05/2023) (CII:348)
97,00,000
Stamp duty value. 84,000
Brokerage paid by the assessee ...
70,000
Cost of acquisition (date of acquisition : 15/06/2003) (CI: 105) 86,000
Fair market value on April 1, 2001
Fair market value on April 1, 1981 50,000
Expenditure incurred on construction of boundary wall on 15/06/2008 (CII: 137)...... 22,000
Investment in REC bonds on 01/06/2023 18,00,000
Long-ternm capital loss brought forward from the assessment year 2015-16 (date of filing
of return:01/06/2015) () 4,00,000
Income from other sources
Bank interest (FD) from PNB (net of TDS @10%) 3,60,000
81,000
Gift in kind received from a friend
Cash gift received from another friend 20,000
70,000
Purchase of gold ring from a friend (market value : Rs. 2,00,000, purchase price : Rs. 1,30,000). 55,000
Interest credited in saving bank account
Investment/expenditure 1,10,000
Recognised provident fund contribution
30,000
Public provident fund contribution. 40,000
Investment in NSC (VIII Issue) (date of investment: April 20, 2023)
40,000
NPS
Tax deducted at sOurce
49,30,280
-By employer (TAN of employer : RTKR12336C) 1,00,000
- By tenant (TAN of tenant: DELK12336C)....
40,000
- By bank on FD interest (TAN of bank: MUMP93839E)
 Rs.
Advne ta/sclf-assessment tax paid by assessce 00012).....
of bank : 0003490, Challan No. :
- lax paid on 26/09/2023 (BSR Code 00092) 40,000
Code of bank : 0003490, Challan No. :
- Tax paid on 17/06/2024 (BSR 190,000
Assets details - Asset details are given below -
Rs.
Jewellery held by assessee on 31/03/2024 -
Cost of acquisition (when originally acquired in 1984-85) 840,000
-Market value as on 31/03,/2024
the latest available assessment year
79,90,000
-Value as per wealth-tax return for 7141,000
Original cost of house property
latest available assessment year
7,00,000
- Value as per wealth-tax return for the 85,00,000
Cash in hand on 31/03/2024 38,910
the data given below -
329.9 Case study9- Generate income-tax return fromn
Ghansham Das Arora
Name
Father's Name Nirmal Das Arora
PAN
BATPA8547M
Date of birth 14/10/1957
Address 34/70, New Punjabi Road, Mohan Market, Bengaluru - 560002 (Kar
nataka)
Mobile No. 3542169874
e-mail ID [email protected]
Residential status Resident and ordinarily resident (he was in India for 185 days durine
the previous year 2023-24 and 800 days during last 4 years)
Return to be filed under which section 139(1), original return
Name and address of employer Poonam Original Textiles Ltd., 72/CD-4 Cubbonpete, Bengaluru
560002 (Karnataka)
PAN of employer AJHCP2149N
Director in any company Radha Motors Ltd., domestic company, listed shares,
PAN: ABDCR1234J
DIN:00013213
Shareholding in unlisted companies Name of company : Radha Motors Ltd., domestic company
PAN:ACHCR1249
Opening balance : 2000 shares
Cost of acquisition : Rs. 8,00,000
No purchase or sale during the year
No, of bank accounts held by assessee
at any time (including opened/
closed) during the previous year 1
Details of bank accounts Name of bank SBI
Account No. 58471323012
IFS Code SBINO001422
Type of account Saving
Date of filing 12/07/2024
Place of filing return Bengaluru
Income details - Income details are given below -
Rs.

Income from salary (as per Fornt No. 16 given by employer) 48,00,000
Salary.....

Transport allowance
19,200
 Rs.
Travelling allowance (fully taxable) 48,000
House rent allowance (HRA) -
-HRA received from employer 4,00,000
-HRA exempt under section 10(13A). 3,00,000
Leave travel concession (LTC) -
- LTC received from employer 3,90,200
-LTC exempt under section 10(5) 3,10,000
Conveyance allowance for local travelling -
-Conveyance allowance received from employer 40,000
-Conveyance allowance exempt under section 10(14) .......... 42,710
Profits in lieu of salary (taxable) 15,000
Income from house property
Address of property :34/70, New Punjabi Road, Mohan Market, Bengaluru -560002
(Karnataka), fuly owned by assessee, fully self-occupied
Municipal taxes paid by assessee during the previous year 12,000
Interest on capital borrowed for purchase of house property 1,60,000
Capital gains
Sale consideration of personal jewellery (date of transfer :25/05/2023) (CII :348) 840,000
Cost of acquisition (year of acquisition :1998-99) 70,000
Fair market value on April 1, 2001 91,000
Long-term capital loss brought forward from the assessment year 2016-17 (date of filing of
return : 01/06/2016). (-) 64,000
Income from other sources
Bank interest (FD) (net of TDS @10%) 18,00,000
Savings bank interest 21,000
Gift received in cash from a friend of father-in-law 1,20,000
Investmentexpenditure
Recognised provident fund contribution. 90,000
Public provident fund contribution 1,20,000
NPS 10,000
Mediclaim insurance premium for assessee's parents-in-law ... 20,000
Donation to a political party in cash ....
4,000
Donation to another political party by bearer cheque. 10,000
Donation by cheque to Prime Minister's National Relief Fund JAddress : PMNRE, South Block,
New Delhi, PAN: AACTP4637Q] 64,000
Tax deducted at sOurce
-By employer (TAN of employer : RTKP12336C) 12,38,000
By bank on FD interest (TAN of bank: BLRS93839F) 2,00,000
Advance tax/self-assessment tax paid by assessee
- Tax paid on 04/04/2024 (BSR Code of bank: 0003490, Challan No. : 00070)
....... 37,000
Assets details - Asset details are given below -
Jewellery held by assessee on 31/03/2024 -
Cost (when originally acquired in 1984-85) 50,000
- Market value as on 31/03/2024 72,00,000
- Value as per wealth-tax return for the latest
available assessment year 43,00,000
Original cost of house property 4,60,000
-Value as per wealth-tax return for the latest available
assessment year .... 44,10,000
Cash in hand on 31/03/2024 56,718
Shares (original cost)... 10,00,000
329,10 Case study 10- Generate income-tax return from the data given below -
Name Ram Naresh Rathore
Father's Name Vijay Naresh Rathore
PAN BADPR2357H
Date of birth 27/08/1972
9.10 e-FlLING OF INCOME-TAX RETURN
550
Address C-4F/559, Naresh Nagar, Delhi 110059
Mobile No. 8851245687
-mail lD [email protected]

Residential status Resident and ordinarilyresident (he was in India for 250 days during
the previous year 2023-24)
Return to be filed under which section 139(1)
Name and address of employer Sridhar Associates Ltd., 25/16, New Rohtash Road, Karol Bagh, New
Delhi - 110005
DAACS1358U
PAN of employer
Director in any company Nil

Shareholding in unlisted companies Nil

3
No. of bank accounts held by assessee
at any time (including opened/closed)
during the previous year SBI
Name of bank HDFC PNB
Details of bank accounts
70112546314 82512523012
Account No.
HDFCO0000327 SBIN0001422 11648897812
IFS Code
Saving PUNB047400
Type of account Saving Saving
Refund (if any)
to be credited to
which account
Date of filing 31/07/2024
Place of filing return New Delhi

Income details - Income details are given below

Rs
Income from salary (as per Form No. 16 given by employer)
Basic salary 30,00,000
Commission. 6,00,000
Perquisite in respect of rent-free house. 5,47,200
Transport allowance 18,000
Tiffin allowance 20,000
Leave pertaining to earlier years salary (fully taxable) 20,000
Conveyance allowance for local travelling -
-Conveyance allowance received from employer 18,000
-Conveyarnce allowance exempt under section 10(14) 10,000
Leave travel concession (LTC) -
-LTC received from employer 1,80,000
- LTC exenmpt under section 10(5) 1,75,000
3,600
Hostel expenditure allowance [fully exempt under section 10(14)] 2,400
Children education allowance [fully exempt under section 10(14)].
Income from house property
Address of the commercial property :1A/17/1256, Kirti Nagar, Lucknow - 226001, fully
owned by assessee, name of tenant: Ram Shyam Ltd.
1,50,000
Rent received from tenant.
27,00
GST received fron tenant..
4,000
Expenditure on repair 45,000
Interest on capital borrowed for renewal of above property.
Capital gains (1)
Sale consideration of gold (date of transfer : 02/04/2023) (CII :348) 20,00,500
9,500
Brokerage paid by the assessee 4,00,000
Cost of acquisition (dateof acquisition :01/09/2019) (CI : 280)
Capital gains (2)
Sale consideration of diamond (date of transfer : 03/05/2023) 90,00,000
4,50,000
Cost of acquisition (date of acquisition: 02/11/2012) (CIl : 184) 10,50,000
Investment in REC bonds on 01/04/2023
 Rs.

Capital gains (3)

Sale consideration of equity shares in a listed company (date of transfer : 04/06/2023)
(security transaction tax is paid) (name of company: Vedanta Ltd., ISIN: INE205A01025,
number of shares :3,740, rate : Rs. 500 per share) 18,70,000
Cost of acquisition (date of acquisition : 03/12/2015) (number of shares: 3,740, rate: Rs. 320
per share) 11,96,800
Fair market value of shares on January 31, 2018 (on the basis of highest quotation of NSE)... 15,75,000
Capital
Sale gains (4) of equity shares in a listed company (date of transfer : 14/07/2023) (securitv
consideration
INE585BÓ1010.
transaction tax is paid) (name of company : Maruti Suzuki India Ltd., ISIN:
number of shares: 3,800, rate: Rs. 100 per share) 38,00,000
shares:3,800, rate :Rs, 57 per
Cost of acquisition (date of acquisition : 05/05/2008) (number of 2,16,600
share) quotation of BSE).....
Fair market value of shares on January 31, 2018 (on the basis of highest
33,10,000
Income fromother sources
24,900
Interest credited in saving bank account 82,000
Gift received from elder brother of grandfather. 50,000
Gift received froma non-resident friend
date of birth: May 17, 2021) 74,000
Gift received by minor son of assessee (name: Z,
receipt :08/06/2023)
Dividend from Indian companies (no TDS) (date of:15/06/2023)
1,20,000
2,24,800
Dividend from a foreign company (date of receipt
Investment/expenditue 80,000
Recognised provident fund contribution.. 22,000
Public provident fund contribution 60,000
NPS 4,000
Rs. 2,00,000).
Life insurance premium (sum assured: of daughter. 87,000
Interest paid on loan taken from a bank for higher education
dependent children. 30,000
Mediclaim insurance premium for assessee, his wife and 20,000
Mediclaim insurance premium for grandmother
Tax deducted at source
10,18,500
- By employer (TAN of employer :RTKS46561E)
Advance tax/self-assessment tax paid by assessee No.: 00029) 1,18,000
- Tax paid on 15/12/2023 (BSR Code of bank : 0003490, Challan
No., :00057) 10,000
- Tax paid on 18/02/2024 (BSR Code of bank: 0003490, Challan
Assets details - Asset details are given below -
Rs.
Jewellery held by assessee on 31/03/2024
9,000
-Cost of acquisition (when originally acquired by parents in 1974-75) 3,08,000
- Market value as on 31/03/2024
Cash in hand on 31/03/2024 86,000
5,15,000
Bank balance as on 31/03/2024
48,000
Loan taken by mortgaging jewellery (outstanding amount on 31/03/ 2024)
80,01,500
Commercial property in Lucknow
329.11 Case study 11-Generate income-tax return from the data given below -
Name Kirti Kumar Awasthi
Father's Name Amitabh Kumar Awasthi
PAN BADPA6724K
Date of birth 21/10/1954
Address C-15/25, Shivaji Nagar, Jaipur - 302002 (Rajasthan)
Mobile No. 7254545446
e-mail ID [email protected]
Residential status Resident and ordinarily resident (he was in India for 285 days during
the previous year 2023-24)
Return to be filed under which section 139(1), original return
Name and address of ex-employer Gurmeet Computers Ltd.,. 12/32, Ramgani Bazar, Jaipur - 302003
(Rajastharn)
329.11 = e-FILING OF INCOME-TAX RETURN 552

ABACG8549V
PANof employer
Director in any company Nil

Shareholding in unlisted companies Nil

No. of bank accounts held by assessee 1
at any time (including opened/closed)
during the previous year Name of bank HDFC
Details of bank accounts 75478128654
Account No.
IFS Code HDFCOO005422
Type of account
account
Saving
Refund (if any) to be credited to which
Date of filing 05/07/2024
Place of filing return Jaipur
Income dectails - Income details are given below -
Rs.

Income from salary (as per Form No. 16 given by employer) 18,77,000
Pension
Income from house property by
Address of property :C15/25, Shivaji Nagar, Jaipur (Rajasthan), fully owned Ltd.
floor is let out to Rajan Hardware
assessee, ground floor is self-occupied,first
fair rent, standard rent is lower
Rent from tenant of first floor (TDS :nil) (municipal value, 10,00,000
than Rs. 10,00,000) (unrealised rent : nil, vacancy:nil) 80,000
year.
Municipal tax of entire property paid by assessee during the previous 2,40,000
Interest on capital borrowed for purchase of property
30,000
Ground rent. 7,000
Fire and general insurance premium
Capital gains transfer:14/05/2023). 36,00,000
Sale consideration of listed preference shares (date of 80,000
Brokerage paid by the assessee
(CIl: 105) 17,600
Cost of acquisition (date of acquisition: 24/12/2002)
investment 01/06/2023) 7,00,000
Investment in NHAIcapital gain bands (date of
Income from other sOurces
70,000
Interest received on loan given to a relative (TDS: nil) 7,86,000
.....
Gift received from father of spouse (who is non-resident, but gift is received in India)
Interest credited in saving bank account 37,910

Investment/expenditure 1,20,000
Public provident fund contribution
60,000
NPS
Interest paid on loan taken from a bank for higher education of grandson 14,000
29,000
Medi-claim insurance premium for assessee and his spouse.
Preventive health check-up expenditure of assessee 7,000
Tax deducted at source
3,05,700
-By employer (TAN of employer : RTKG14563D)
Advance tax/self-assessment tax paid by assessee
67,000
Tax paid on 20/03/2024 (BSR Code of bank: 0005946, Challan No.: 00028)
76,000
Tax paid on 28/05/2024 (BSR Code of bank: 0005946, Challan No. : 00074)
Assets details - Asset details are given below -
Rs.

Jewellery held by assessee on 31/03/2024

-Cost of acquisition (when originally acquired by parents in 1974-75) 80,000
Not known
-Market value as on 31/03/2024.
Cash in hand on 31/03/2024 10,000
84,000
Original cost of house property when purchased in 1976 (wealth-tax return never submitted)
329.12 Case study 12- Generate income-tax return from the data given below -
Name Raj Krishna Mukherji
Father's Name Sri Nath Mukherji
PAN BADPM2349L
Date of birth 26/07/1972
Address 42/C/55, Indapur, Pune -413106 (Maharashtra)
Mobile No. 8132458861
e-mail ID [email protected]
Residential status Resident and ordinarily resident (he was in India for 360 days during
the previous year 2023-24)
Return to be filed under which section 139(1), original return
Name and address of present employer Navneet Infotech Ltd., 84/723 Mandhar, Pune -412311(Maharashtra)
PAN of employer BAACN9549T

Director in any company Nil

Shareholding in unlisted comparies Nil

Name and address of ex-employer Indian Textile School Ltd., 59/105,New Tilak Road, Delhi -110085
PAN of ex-employer AAACI7412S

No. of bank accounts held by assessee 1

at any time (including opened/closed)
during the previous year
Details of bank accounts Name of bank HDFC

Account No. 86478123657

IFS Code HDFCO002698
Type of account Saving
Refund (if any)to be credited to which account
Date of filing 24/07/2024
Place of filing return Pune

Income details - Income details are given below -

Rs.
Income from salary (as per Form No. 16 given by present employer : Navneet Infotech Ltd.)
Basic salary 46,00,000
Commission 2,00,000
Perquisite in respect of rent-free house (rent paid by employer :Rs. 14,00,000) 7,20,000
Perquisite in respect of conveyance facility for covering the distance between office and residence 40,000
Reimbursement of medical expenditure 15,000
Pension (as per Form No. 16 given by ex-employer : Indian Textile School Ltd., Address : 11/25,
New Assam Road, Patel Street, New Delhi - 110001)
Pension... 1,80,000
Income from house property
Address of property:C-2456/2, Anand Pura, Bhopal - 462021 (MP), fully owned by assessee
Annual rent as per agreement with tenant (R.K. Industries Ltd.)(TDS : nil)(municipal value:
Rs. 4,00,00, fair rent: Rs. 6,00,000, standard rent : Rs. 5,00,000) (unrealised rent at the end of
the year : Rs. 80,000, which is realized in the next financial year) 6,80,000
Municipal tax paid by tenant. 20,000
Interest of the current year on capital borrowed for purchase of property (not paid as yet)..... 2,65,000
Capital gains (1)
Sale consideration of listed debentures (date of transfer : 15/07/2023) . 8,90,000
Cost of acquisition (date of acquisition : 11/10/2003). . . 1,00,000
Investment in NHAI capital gain bonds (date of investment 11/06/2023) 2,00,000
 Rs
Capital gains (2)
transfer: 12/06/2023)
Sale consideration of a commercial plot (date of 90,00,000
Stamp duty value.
Brokerage paid by the assessee
96,1,000,0,000000
: 29/03/2005) (CIl:113)
Cost of acquisition (date of acquisitionhouse 80,000
Investment on purchase of residential (date of purchase : 20/07/2024) (stamp duty
value: Rs. 35,00,000) 33,00,000
Income from othe SOurces
by payer). 70,000
Winnings from lottery on 07/04/2023 (tax not deducted
Interest credited in saving bank account 7080
Investment/expenditure
Recognised provident fund contribution. 80,000
Public provident fund contribution 20,000
National saving certificate VII Issue (purchased on 06/04/2023)... : 10.08 per cent)
92,000
National saving certificate VIII Issue (purchased on 07/06/2019) (rate of interest 1,90,000
Tax deducted at source
- By employer (TAN of employer:RTKN85461F)
16,16,500
- By ex-employer (TAN of ex-employer: RTKI24513N)...
8,000
Advance tax/self-assessment tax paid by assessee
Challan No. :00071) 86,000
- Tax paid on 01/04/2024 (BSR Code of bank: 0009578,
-Tax paid on 21/03/2024 (BSR Code of bank: 0009578, Challan
No. : 00042) a...e.eeeeeeeeeeeee.e. 20,000
Brought forward losses
Loss from the activity of owning and maintaining race horses (pertaining to assessment
year 2018-19) (business is already discontinued) 25,00,000
Assets details - Asset details are given below -
Rs.

Original cost of house property 3,00,000

Bank balance as on 31/03/ 2024 4,09,000
Original cost of car acquired in 2022-23. 9,00,000
Cash in hand on 31/03/2024 72,500

329.13 Case study 13- Generate income-tax return from the data given below -
Name Rohit Virmani
Father's Name Ans Virmani
PAN BAKPV9548F
Date of birth 28/04/1963
Address 75/115, Sector -23, Faridabad- 121004 (Haryana)
Mobile No. 7811376547
e-mail ID
[email protected]
Residential status Resident and ordinarily resident (he was in India for 340 days during
the previous year 2023-24)
Return to be filed under which section 139(1), original return
Director in any company Nil
Shareholding in unlisted companies Nil
No, of bank accounts held by assessee 2
at any time (including opened/closed)
during the previous year
Details of bank accounts Name of bank SBI Standard
Chartered Bank
Account No. 42314569748 73214587451
IFS Code SBINO001422 SCBL0036072
Type of account Saving Saving
Refund (if any) to be credited
to which account
Date of filing 21/07/2024
Place of filing return Faridabad

Income details - Income details are given below -

Rs.
Incomefrompension (as per Form No. 16 given by ex-employer : Navjot Ltd, Address : 405-A2,Toll
Road, Alfa Street, Sector 11, Rohini, Dellhi - 110085)
Pension 6,40,000
Income from house property (1)
Address of property :1826, Gold Diamond Street, Indore -453111 (MP), fully owned by
assessee, name of tenant: Shamli Ltd.
Rent from tenant (municipal value, fair rent, standard rent is lower than Rs. 30,00,000)
(unrealised rent : nil, vacancy :nil) 30,00,000
Municipal taxes paid by tenant 2,40,000
Interest on capital borrowed for purchase of property 22,60,000
Income from house property (2)
Address of property:815/11, Navneet Road, Kalakar Street, Kolkata - 700007 (West Bengal),
fully owned by assessee, fully self-occupied
Interest on capital borrowed pertaining to previous year 2023-24, taken for renewal of property
(loan was taken during 2021-22) 2,75,000
Income from other sources
Interest on deposit given to a Government company 8,000
Bank interest (savings account) 14,710
Gift received from father's brother 50,000
Gift received from spouse 30,000
Gift received from friends on wedding anniversary 80,000
Investmentexpenditure
Tuition fees of two children
36,200
Public provident fund contribution
1,50,000
Investment in NSC(VIII Issue) (date of investment: 17/03/2022) (rate of interest : 7.26 per cent) 80,000
Investment in NSC(VIII Issue) (date of investment: 01/04/ 2024) 1,10,000
NPS
1,95,000
Mediclaim insurance premium 60,000
Tax deducted at source
-By tenant (TAN of tenant: DELS35897B)
3,00,000
Advance tax/self-assess1ment tax paid by assessee
Tax paid on 01/04/ 2023 (BSR Code of bank : 0006540, Challan No.
Tax paid on 01/10/ 2023 (BSR Code of bank: 0006540, Challan No. ::00074)
00084)
20,000
-Tax paid on 20/12/2023 (BSR Code of bank: 0006540, Challan No.: 30,000
00058) 40,000
-Tax paid on 08/06/2024 (BSR Code of bank: 0006540, Challan No.: 00057)
55,000
Assets details - Asset details are given below -
Rs.
Original cost of house properties (Indore: Rs. 24,00,000, Kolkata : Rs. 24,51,000)
Market value of house properties as on 31/03/2024. 48,51,000
1,80,85,000
Bank balance as on 31/03/2024
18,000
Original cost of cars acquired in 2008-09 and 2021-22. 29,00,000
Cash in hand on 31/03/2024
49,500