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Chau 23

Vivek Kumar, an individual taxpayer for the assessment year 2023-2024, has a total income of Rs. 500,000 after deductions. His income sources include profits from business and interest from bank accounts, with a tax liability of Rs. 12,500, fully offset by a rebate under section 87A. He is eligible for a tax refund of Rs. 6,080 due to TDS deductions.

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4 views2 pages

Chau 23

Vivek Kumar, an individual taxpayer for the assessment year 2023-2024, has a total income of Rs. 500,000 after deductions. His income sources include profits from business and interest from bank accounts, with a tax liability of Rs. 12,500, fully offset by a rebate under section 87A. He is eligible for a tax refund of Rs. 6,080 due to TDS deductions.

Uploaded by

akashpanwar10000
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NAME OF ASSESSEE : VIVEK KUMAR

PAN : AFAPV0666E
FATHER'S NAME : MOHAN LAL
RESIDENTIAL ADDRESS : 2499, NALWA STREET, CHUNA MANDI, PAHAR GANJ, NEW DELHI,
DELHI-110055
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2023 - 2024
WARD NO : FINANCIAL YEAR : 2022 - 2023
GENDER : MALE DATE OF BIRTH : 02/10/1984
AADHAAR NO. : 988601652192
MOBILE NO. : 9870488400
NAME OF BANK : RBL BANK
IFSC CODE : RATN0000114
ADDRESS : NOIDA
ACCOUNT NO. : 309003441958
OPTED FOR TAXATION : NO
U/S 115BAC
DETAILS OF BANK ACCOUNTS
NAME & ADDRESS OF THE BANK BRANCH IFS CODE ACCOUNT NO. TYPE OF ACCOUNT STATUS
AXIS BANK LTD UTIB0002456 915010024834517 SAVING
GURGAON

COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND 616950


PROFESSION

PROFIT U/S 44AD - FINANCE


PROFIT DEEMED U/S 44AD @ 8% OF RS. 1685200 134816
PROFIT DECLARED U/S 44AD 616950
PROFIT (HIGHER OF THE ABOVE) 616950
INCOME FROM OTHER SOURCES 8254
INTEREST BANK SB ACCOUNT 7500
INTEREST 754
TOTAL 8254

GROSS TOTAL INCOME 625204

LESS DEDUCTIONS UNDER CHAPTER-VIA


80C DEDUCTION 125200
TOTAL DEDUCTIONS 125200
TOTAL INCOME 500004
TOTAL INCOME ROUNDED OFF U/S 288A 500000

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 500000 12500
12500
LESS : REBATE U/S 87A 12500

LESS TAX DEDUCTED AT SOURCE


SECTION 194H: COMMISSION OR BROKERAGE 5726
SECTION 194D: INSURANCE COMMISSION 357 6083
-6083

REFUNDABLE (6083)
TAX REFUNDABLE ROUNDED OFF U/S 288B (6080)

DETAIL OF DEDUCTION U/S 80C


TOUTION FEE 95200
MEDICLAIM 30000
TOTAL 125200

Previous Year Return Filing Details :


Acknowledgement No. 859754440231222
Date of Filing 23/12/2022
Return Income Rs. 498800

Financial Particulars of Business


Sundry creditors Nil
Total capital and liabilities Nil
Inventories Nil
Sundry debtors Nil
Cash-in-hand 32500
Total assets 32500

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