You are on page 1of 10

Interest under section 234A Due Date of filing of Return Date of filing of Return July 31, 2010 15-Feb-11

Amount payable Rs. #REF!

Short fall (Rounded off) Rs. #REF!

Rate of Interest 1.00%

Delay in no. of Months 7

Interest Rs. #REF!

Interest under section 234B Amount payable Rs. #REF! NA Excess / (short fall) (Rounded off) Rs. #REF! #REF! #REF! Amount Paid Rs. Short fall (Rounded off) Rs. #REF! Rate of Interest 1.00% No. of Months 11 Interest Rs. #REF!

Interest from Interest under section 234C

Installment 1st 2nd 3rd

Amount Due Rs. #REF! #REF! #REF!

Due date 15-Sep-09 15-Dec-09 15-Mar-10

Amount Paid Rs. 0 0 0 0

Rate of Interest per month 1.00% 1.00% 1.00%

No. of Months 3 3 1

Interest Rs. #REF! #REF! #REF! #REF!

Total Interest payable

#REF!

As per Rule 119A, the amount of tax in respect of which interest is calculated shall be rounded off to the nearest multiple of one hundred rupees and for this purpose any fraction of one hundred rupees shall be ignored.

Tax payable Slab 160,000 317,770 500,000

Difference Rate 160,000 160,000 0% 317,770 157,770 10% 317,770 20% 716,380 30%

Tax 15,777 15,777

Name Financial Year Fathers Name Assessment Year PAN Residential status DOB Statement of computation of total Income and tax liability TOTAL INCOME Income from Business & Profession Net Profit As Per Profit & Loss Account Income From Other Sources Interest On FDR Bank Interest

2010-2011 2011-2012

404,917

12,850

12,850

Gross Total Income Less: Deduction under Chapter VI - A 80C 80C LIC ICICI Prudential Life Insurance co. PPF School Fees Restricted to 80D ICICI Lombard GIC Ltd Tata AIG Health Insurance Tata AIG life Health Insurance Tata AIG life plus policy Restricted to Net Taxable Income Rounded off under Section 288A TAX LIABILITY Tax payable Add:- Education cess Add: Interest payable Total Tax Payable

417,767

61,591 20,000 30,000 36,000 100,000 2,588 5,088 5,352 2,144 15000

-100,000

-15,000

317,767 317,770

15,777 473 16,250 743 16,993

PROFIT & LOSS A/C AS ON 31ST MARCH 2011 PARTICULARS Bank Charges Conveyances Credit Card Charges Depreciation Electricity Expenses Internet Expenses Motor Car Running Expenses Printing & Stationery Professional Fees Charges Salary & Wages Society Charges Staff Welfare Telephone Expenses Business promotion To professional fees Amita Anil P Chaudhari Kalpana Chaudhari Machhindra Chaudhari 100,000 73,500 12,000 50,000 36,000 30,000 28,000 2010-11 160 25,850 53 9,712 7,460 5,473 19,536 4,362 16,800 80,000 21,485 13,255 12,769 30,000 2009-10 PARTICULARS 2010-11 842,332

99 Prof Charges Received 25,350 819 5,250 7,880 1,312 14,236 7,738 7,750 90,000 61,046 12,162 14,521 72,000

Yogita More PROFIT & LOSS A/C

5,000 404,917 842,332

323,762 787,926 842,332

11 2009-10 787,926 54,406

Change tally

787,926

Capital Account Bank Interest Capital Account Credit Card Drawings Income Tax AY 2009-10 Interest on Fdr Mahanagar Gas Limited School Fees Tata Aig Health Insurance Tata Aig Life Health Insurance Tata Aig Life Plus Policy Loans (Liability) ICICI Lombard GIC LTD Fixed Assets Motor Car Investments Bharat Co-Op Bank Fd Bharat FD 35605 Bharat FD 43850 Icici Prudential Life Ins Co LIC PPF Sbi Mutual Fund Current Assets Loans & Advances (Asset) Cash-in-hand Bank Accounts Indirect Incomes Professional Fees Indirect Expenses Bank Charges Car Expenditure Conveyances Credit Card Charges Depreciation Electricity Expenses Interest on ICICI Lombard Internet Expenses Motor Car Running Expenses Printing & Stationery Professional Fees Charges Salary & Wages Society Charges Staff Welfare Telephone Expenses

187,080 3,188 98,968 6,165 2,726 55,150 6,783 9,812 4,288 2,588 2,588 55,038 55,038 261,837 29,800 1,710 7,248 40,000 123,079 30,000 30,000 590,381 33,598 556,783 457,415 160 4,100 25,850 53 9,712 7,460 518 4,955 15,436 4,362 257,300 80,000 21,485 13,255 12,769

213,332 17,184 187,190

8,958

992,332 992,332

Profit & Loss A/c

348,674

Depreciation of Motor Vehical 6-Dec-09 Depreciation 2009-10 15% WDV As on 1 April 2010 Depreciation 2010-11 15% WDV As on 1 April 2011

70,000 -5,250 64,750 -9,713 55,038