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M/S. The Shoe Hub

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21 views3 pages

M/S. The Shoe Hub

Uploaded by

optimus sales distribution
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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M/S.

THE SHOE HUB


PROP: UMAR KHAIYUM MISTRY
(WHOLE SALE & RETAIL FOOTWEAR & GARMENTS)
BUSINESS ADDRESS VILL -AMTALA ADARSHA PALLY, P.O.-CHANDI, P.S.-BISHNUPUR
DIST-SOUTH 24 PARGANAS, PIN-743504, WEST BENGAL
RESIDENCE ADDRESS VILL -MIRPUR P.O.-CHAK ENAYETNAGAR, P.S.-BISHNUPUR
DIST-SOUTH 24 PARGANAS, PIN-743504, WEST BENGAL
TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023.
Dr. Cr.
Particulars Amount. (Rs.) Particulars Amount. (Rs.)

To Opening Stock 2,75,950.00 By Sale 29,87,145.00


To Purchase 19,70,975.00
To Carriage Inward 18,410.00
To Labour Charges 4,80,000.00 By Closing Stock 3,96,780.00

To Gross Profit C/d 6,38,590.00

33,83,925.00 33,83,925.00

To Accounting Charges 1,500.00 By Gross Profit B/d 6,38,590.00


To Staff Salary 96,000.00
To Bonus 8,000.00
To Trade Licence 500.00
To Printing & Stationery 8,950.00
To Conveyance 17,450.00
To Mobile Charges 6,711.00
To Subscription & Donation 2,255.00
To Tea & Tiffin 14,690.00
To Electricity Charges 17,985.00
To Legal Charges 1,612.00
To Miscelleneous expenses 5,341.00
To Depreciation
Plant & Machinery 32,513.00
Furniture & Fixture Rs. 3,240.00
Electric & Fittings Rs. 1,626.00
Mobile Phone Rs. 2,005.00 39,384.00

To Net Profit 4,18,212.00


(Transferred to Capital Account)

6,38,590.00 6,38,590.00
M/S. THE SHOE HUB
PROP: UMAR KHAIYUM MISTRY
(WHOLE SALE & RETAIL FOOTWEAR & GARMENTS)
BUSINESS ADDRESS VILL -AMTALA ADARSHA PALLY, P.O.-CHANDI, P.S.-BISHNUPUR
DIST-SOUTH 24 PARGANAS, PIN-743504, WEST BENGAL
RESIDENCE ADDRESS VILL -MIRPUR P.O.-CHAK ENAYETNAGAR, P.S.-BISHNUPUR
DIST-SOUTH 24 PARGANAS, PIN-743504, WEST BENGAL
BALANCE SHEET FOR THE YEAR ENDED 31 ST MARCH 2023.
LIABILITIES Amount. (Rs.) ASSETS Amount. (Rs.)

CAPITAL ACCOUNT FIXED ASSETS


As Per Last Account Rs. 6,98,942.00 Plant & Machinery
Add: Net Profit during This YeaRs. 4,18,212.00 (As Per Last Account) Rs. 2,16,750.00
Add: S.B. Interest Received Rs. 54.00 Less: Depreciation @ 15% Rs. 32,513.00 1,84,237.00
Rs. 11,17,208.00
Less: Drawings Rs. 2,80,000.00 Furniture & Fixture
8,37,208.00 (As Per Last Account) Rs. 32,400.00
Less: Depreciation @ 10% Rs. 3,240.00 29,160.00

Electric & Fittings


SECURED LOAN NIL (As Per Last Account) Rs. 10,838.00
Less: Depreciation @ 15% Rs. 1,626.00 9,212.00

Mobile Phone
UNSECURED LOAN NIL (As Per Last Account) Rs. 13,366.00
Less: Depreciation @ 15% Rs. 2,005.00 11,361.00

CURRENT LIABILITIES INVESTMENT NIL


Sundry Creditors 17,800.00

CURRENT ASSETS
Sundry Debtors 1,72,310.00

Closing Stock (As valued & certified by the 3,96,780.00


Proprietor)

Cash at Bank
S.B. A/c No.258104000179409 411.75
IDBI Bank

Cash in hand 51,536.25

LOANS & ADVANCES:-


Tax Deducted at Source NIL

8,55,008.00 8,55,008.00
M/S. THE SHOE HUB
PROP: UMAR KHAIYUM MISTRY
(WHOLE SALE & RETAIL FOOTWEAR & GARMENTS)

BUSINESS ADDRESS VILL -AMTALA ADARSHA PALLY, P.O.-CHANDI, P.S.-BISHNUPUR


DIST-SOUTH 24 PARGANAS, PIN-743504, WEST BENGAL

RESIDENCE ADDRESS VILL -MIRPUR P.O.-CHAK ENAYETNAGAR, P.S.-BISHNUPUR


DIST-SOUTH 24 PARGANAS, PIN-743504, WEST BENGAL
COMPUTATION OF TAXABLE INCOME AND INCOME TAX OF MR.UMAR KHAIYUM MISTRY
A RESIDENT INDIVIDUAL FOR THE ASST. YEAR 2023-2024
RELATING TO THE PREVIOUS YEAR 2022-2023.

PAN NO: GFGPM9484B AADHAAR NO: 4111 0683 8531

NET PROFIT ASPER PROFIT & LOSS ACCOUNT Rs. 4,18,212.00


INCOME FROM BUSINESS AND PROFESSION Rs. 4,18,212.00
ADD: INCOME FROM OTHER SOURCES
SAVINGS BANK INTEREST RECEIVED Rs. 54.00 Rs. 54.00

GROSS TOTAL INCOME Rs. 4,18,266.00

LESS : DEDUCTION UNDER CHAPTER VIA 9U/S 80C TO U/S 80U)


LIC U/S 80C Rs. -
MEDICLAIM U/S 80D Rs. -
SAVINGS BANK INTEREST RECEIVED U/S 80TTA Rs. 54.00 Rs. 54.00

TOTAL TAXABLE INCOME Rs. 4,18,212.00

TOTAL INCOME ROUNDED OFF U/S 288A Rs. 4,18,210.00

STATEMENT OF INCOME TAX


UPTO FIRST Rs.2,50,000.00 TAX PAYABLE Rs. NIL
NEXT Rs. 2,50,001.00 TO Rs. 4,18,210.00 OF TAXABLE INCOME, INCOME TAX @ 5% Rs. 8,411.00
TAX PAYABLE Rs. 8,411.00
LESS: REBATE U/S 87A Rs. 8,411.00
TAX PAYABLE AFTER REBATE Rs. NIL
LESS: LATE FEES PAYABLE Rs. 1,000.00
NET TAX PAYABLE Rs. 1,000.00
LESS: SELF ASSESSMENT TAX PAID Rs. 1,000.00
TAX REFUNDABLE Rs. NIL

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