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Computation Afsar Ali

The document provides tax assessment details for Afsar Ali for the assessment year 2024-2025, including personal information, income sources, and tax calculations. Afsar Ali's total income is reported as ₹5,76,366 with a tax due of ₹13,819, which is fully offset by a rebate, resulting in no tax payable. The document also includes details of business receipts and a balance sheet showing liabilities and assets.

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harshitgarg9760
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42 views2 pages

Computation Afsar Ali

The document provides tax assessment details for Afsar Ali for the assessment year 2024-2025, including personal information, income sources, and tax calculations. Afsar Ali's total income is reported as ₹5,76,366 with a tax due of ₹13,819, which is fully offset by a rebate, resulting in no tax payable. The document also includes details of business receipts and a balance sheet showing liabilities and assets.

Uploaded by

harshitgarg9760
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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Name of Assessee AFSAR ALI

Father's Name AYUAB KHAN


Address 1318,HUMAYUN NAGAR,MEERUT,UTTAR PRADESH,250002
E-Mail [email protected]
Status Individual Assessment Year 2024-2025
Ward Year Ended 31.3.2024
PAN ARTPA3335L Date of Birth 13/02/1988
Residential Status Resident Gender Male
Nature of Business OTHER SERVICES-Other services n.e.c.(21008),Trade Name:ISHAN S.S.
FABRICATION
Method of Accounting Mercantile
Filing Status Original
Return Filed On 09/07/2024 Acknowledgement No.: 629911680090724
Last Year Return Filed On 29/07/2023 Acknowledgement No.: 821476650290723
Last Year Return Filed u/s Normal
Aadhaar No: 590829354060 Mobile No Linked with Aadhaar
Bank Name State Bank of India, , A/C NO:30987695814 ,Type: Saving ,IFSC:
SBIN0017620, Prevalidated : Yes, Nominate for refund : Yes
Tele: Mob:9997472173

Computation of Total Income [As per Section 115BAC (New Tax Regime)]

Caution
1. AIS/TIS report not imported

Income from Business or Profession (Chapter IV D) 5,75,996


Income u/s 44AD 5,75,996

Income from Other Sources (Chapter IV F) 370

Interest From Saving Bank A/c 370

Gross Total Income 5,76,366

Less: Deductions (Chapter VI-A)


0
Total Income 5,76,366
Round off u/s 288 A 5,76,370
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Tax Due (Exemption Limit Rs. 300000) 13,819


Rebate u/s 87A 13,819
0
Tax Payable 0

Tax calculation on Normal income of Rs 5,76,370/-


Exemption Limit :3,00,000
Tax on (5,76,370-3,00,000) =2,76,370 @5% = 13,819
Total Tax = 13,819

Due Date for filing of Return July 31, 2024


NAME OF ASSESSEE : AFSAR ALI A.Y. 2024-2025 PAN : ARTPA3335L Code :A-0023

Income Declared u/s 44 AD


Gross Receipts/Turnover (Other than ECS/Cheque/DD) 185000.00
Gross Receipts/Turnover (ECS/Cheque/DD Mode) 1431788.00
Gross Receipts/Turnover (Cash Receipt) 0.00
Gross Receipts/Turnover (Total) 1616788.00
Book Profit 575996.00 35.63 %
Deemed Profit(Other than ECS/Cheque/DD) 14800.00 8.00 %
Deemed Profit(ECS/Cheque/DD Mode) 85907.28 6.00 %
Net Profit Declared 575996.00 35.63 %

Bank Account Detail


S.N Bank Address Account No IFSC Code Type Prevalidated Nominate for
. refund
1 State Bank of India 30987695814 SBIN0017620 Saving(Prima Yes Yes
ry)

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 0
3. Unsecured Loans 0 3. Sundry debtors 185000
4. Advances 0 4. Balance with banks 0
5. Sundry Creditors 0 5. Cash in hand 102040
6. Other liabilities 0 6. Loan and advances 0
7. Other Assets 0
Total 0 Total 287040

Signature
(AFSAR ALI)
CompuTax : A-0023 [AFSAR ALI]

Page 2

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