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PDF - 21-01-25 11-38-23

Rishav Kochhar, an individual taxpayer, filed his ITR-4 for the assessment year 2023-2024 with a total income of ₹470,670 after deductions. His income sources include profits from his business, R.K. Electrical, and other sources totaling ₹540,999. After applying deductions and rebates, he has no tax payable for the year.

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87 views1 page

PDF - 21-01-25 11-38-23

Rishav Kochhar, an individual taxpayer, filed his ITR-4 for the assessment year 2023-2024 with a total income of ₹470,670 after deductions. His income sources include profits from his business, R.K. Electrical, and other sources totaling ₹540,999. After applying deductions and rebates, he has no tax payable for the year.

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itrcentre24
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NAME OF ASSESSEE : RISHAV KOCHHAR

PAN : EKEPK7039D
FATHER'S NAME : NARESH KOCHHAR
RESIDENTIAL ADDRESS : B/7 -389, WARD NO.4, LAKKAR MANDI, Phillaur S.O, Phillaur, JALANDHAR, PUNJAB-144410
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2023 - 2024
WARD NO : FINANCIAL YEAR : 2022 - 2023
GENDER : MALE DATE OF BIRTH : 13/08/1986
AADHAAR NO. : 963147827412
MOBILE NO. : 8146330780
EMAIL ADDRESS : [email protected]
RESIDENTIAL STATUS : RESIDENT
OPTED FOR TAXATION U/S : NO
115BAC
RETURN : ITR-4 : ORIGINAL (FILING DATE : 18/07/2023 & NO. : 533647130180723)

COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND PROFESSION 478952

PROFIT U/S 44AD - R.K. ELECTRICAL


PROFIT DEEMED U/S 44AD @ 8% OF RS. 3485950 278876
PROFIT DECLARED U/S 44AD 478952
PROFIT (HIGHER OF THE ABOVE) 478952
INCOME FROM OTHER SOURCES 62047
INDIAN BANK (AAACI1607G.AB200) 849
STATE BANK OF INDIA (AAACS8577K.AB703) 587
PUNJAB NATIONAL BANK (AAACP0165G.AB690) 389
PUNJAB NATIONAL BANK (AAACP0165G.AB690) 7585
STATE BANK OF INDIA (AAACS8577K.AB703) 6795
OTHER SOURCE OF INCOME 45842
TOTAL 62047

GROSS TOTAL INCOME 540999

LESS DEDUCTIONS UNDER CHAPTER-VIA


80C DEDUCTION 68500
80TTA INTEREST ON DEPOSITS IN SAVINGS ACCOUNT 1825
TOTAL DEDUCTIONS 70325
TOTAL INCOME 470674
TOTAL INCOME ROUNDED OFF U/S 288A 470670

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 250000 NIL
TAX ON RS. 220670 (470670-250000) @ 5% 11034
TAX ON RS. 470670 11034
11034
LESS : REBATE U/S 87A 11034
TAX PAYABLE NIL

DETAIL OF DEDUCTION U/S 80C


80 C Deduction 68500
TOTAL 68500

RISHAV KOCHHAR
(Self)

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