Page No.

Date
ncoma9m Business and hols8ien
Mearing
pupose o leaning topic is to
he
sut bubiness and
nd faxableintomaom_
Pholebaion
o Thi punpose Ta Biaemant. o Inoma
hom business aod pyoktsion mud be pepahud.

*The ahu tuo methods ohepaing baiemand

1) Direc Method 2 Indiec Method
Diect Methad

Chlalemet ol Intomeon Buiness

Paniculah Am
C046 Business Pole»sional homel Aloued
lRocoded +unneorded
Balo, DisLGunt naceiued and Bad debts,
umoss 0eceiph, (ommision haceived,
Bala bBtxap, Bad debs ecoveny,e XXX

less Deductien oy Business Prolensiona

Pcpen&es Allowed
IRecorded + O0oecomoled
Punchase, uagt, 2alaries elecoidty
ezpen>es, Baddebs Dep.shidafion a pen Xx
T.T Rules, etc
Taxable om Buiness and XX
Vroes8ion 2022.09.15 21:25
 Page No.
Date

2Indrect Mcthod
Halement ol lntome 9m Busintss
lo Panicalan Amt
Net Pho a pe Prol and Loss Ac XX

Add Disallowed ecpens es LDaL

ea-RDD, Depnedatio.as pe BooRs ol
aA, Donatisn and chani h ,hoube
p90 pentyxpenses, et XX
XXX
bino
Less Non- Business Intome LCrLx1
Diuidend Seceied AgnicultunalInfom
Rend neceiuedeorm leteut propenh, xxlL
et XXX

-
Less
eg-
Onaeorded Business facpenbes LuBE
Deproion ab peh TT Rule

AddUncor ded Buinessncome LoBT

ea-Derouni oeceued but 00i oetaxded XX

a
Taxable lncomne Jhom Business XXX

hup-roision
A-Aduance NOT ALLOED
R- Resenves
2022.09.15 21:25-
 Page No
Date

Nole Suplub, De)H

)1k Net prvo, NeL Loss,
quetien
Tho i.e uhan po and
.gioenin Inomo Saitm
Loss AC Intomaand expendituh A
in hequesisnThenD ue
Bhould olOu
Given
lndect Method
00i aiven
2 Ne prro, ne LO56 et.
(ashboo R BanR
ub
1nTh0questionihuhen
passbooR Receiptand humen AlCetus sen
10TheQuestion honue 3hould ollou
Dinect Method
a Buine>8 Ineome
XY Buuineas pensa
NOn- BuŠness loComa X
DSalloued expenses
X

Ang erpensespoid o
propuelomu ullno
alloued as business expense becaue d
be

naHonal penbeD LXJa bahro

ea-8alahu o piopoietor
Rond paid to Propoietoy
uma
Intehes oncapital n
2 Pnudicound and prois ions.in BoDR Au
Do bealloLwedberaaseft is ub enH
a booR
Lx
tq-Rop RBD RBDD REDD
Resehveo utune los6€b
 Page Nop./
Date

houision or tax
ranskeh to resehves
Rpo-Reeue rDoubtkul Debls
REDD- Resenve
ar Discount on Debiand
REDC- Rasenueor Discount en Craditos.

Note a actual loss

I
Boddebis_Luiten okh uil be allouedl

Baddeet
Business Baddebt Pehbonal Baddebo

Allouedy Not Allouued X

Baddebts Rocovenu LPandL Cx

Baddebts allowed Baddebts not alloued

ean lfen eane
Allowed v NOLallowed X

Donation and chas debted to Prol LosS A

uill not be allowed ab bubiness Erpënses L X
36 A depoeialien i niuen o Pond L Alc and
albo 9n adiuaiment Li.e depn ab peh ITRule
Then depnedati@n as peh Pand LÁC ul no-L

be alloutd lx
 Page No.
Date /

bDepneiafion
LuBE
awen
n adfustmnt uill be alloue
AC bu Dot
CI depedaian ub Qiuen 10 PandLaiuen in Pand
10 adjusimeni Tan depmedaton
L
L

Acu be oloue d a

Taxes
Rolaed to nods i Not Rolaed to oods
and dhehites and 5enuites

oabbh
Alouwed v Not Allowed LX

caCrise
nsT, JAT
duty,
cST,
Custom
ea- Intomo
uealth
ax
Tax
dutuy,Octoro Rrolession Aduante Tax
Tar6ecusity Thyánsothon

InHehest laie paumeni o Taxes ufn bave te

On
Sarno ekkct ab hat oTaxes
loféhest en lae poume ol GnST Blloued Ly
ea-1)
2lnteHest on_late paumint o hLome Tax DOt oa
8Rokund o oxes Lull bave The 2ame et D
hdi olTaxeb
N
eq- 1) Rekund ol n5T Alloued lv
ncome.ax.Rokundl niot alloued Lx
 Page No
Date 7
Penalhy

or Boach o, Aci orr

Brench o
lauu,Rule,et Condoact

Noi allowe.dLxJ n na Albwed LV

ca-nsT penaly,
2lotoma Tax penalty
a delivenu
lae
aPenaluo leaoacd
Penaltuox breach.o Penalty jo Luhong
ueiaht and meabuhe rule delkeu o Gi0od

Anynakund o penalty given on Th Cwdit

Side o Pand L A|C be aluags not
Allouedban
ea- Sales ta penaltu ukund Inama, far ,penaly
Saland Prolession da penalHynund et
Y ia PandL Alc DR PandL Alc CR
Taxnt on laie Penalty| RakundInt.on
Haument
X
Paumet
n5T XTFS
lncoma Tay X nX X IFOS

Indenebtniame Pand LCR

hom Lc sP ua Othenuune
N
-cRent
Cubtomen Not alloued LxJ
 Page No./
Date 7
Suppieh (14)
pahtnehshp hn
Alloued l/

n hahromahom pannenshipiam
DRD Pand ACcounton Toc CR
h B2alaHu om paineAShip lohon
o Col hom pahineahip om
By lommisidn
BuInieheatoncapital
X
ByShaheoKophom pantnehbhp
hai 0 Texempt us 1o E2A1
2alanu lotoma LPand L CRa
omPadnenbhupp Ps MP MLA a.otontub
mpannehbing a MLC
Not AllouedLXJ
Jah
LasiNot Aloued xJ TS
anuAlloued Lv JF05

3 t htome LPand L CR

hom clfen
Cusiomeh ft
hom IM- DR- HUT-LO,
eienda,Ct
om
employh
Allowedlv No alloutdx Notalloued
FO5
 Page No0./
Date

(14)Legal opense
DR Fand L Al CR
o In(ome Tax appeal epenses ly
To Sale Toax roceedings eptnses LV
TO Reiungling ecpenses LY
TD S€rtHScutiny (abe erpenses LV
paid to Ch.cs|lauuen et. ly
Oo
Toe
Pand A DCR
DR
Jo mbezzlement NisapgropmiaHOn LVl Buabh o2touth
act O 5te&lna 5mall Amt.
SmaBanticles V an a
To pilehage OR IM
Toloss bTat lbiol
Tolash 5hov tade a3 pen Cash BooRLVEudiin
To dilkuente a pen Toial balance LXbalLESuajan
actouathing ahheanl
Alc
las it i
Pand AIC CR
)DR
O Diuali ecpenses LV
o Poðja eocpenseal Inolfelv
n houselx]
TO Mubuhat expcnbesL v
TO 5takuellano epensesLy

PandAlcL CR
DR
Bu expot 5ubéidulV
B ta>h cormpenbataru 6ubidyld
duslu doauubacR J
B4 &ale o mpovt hcenseLv
Bprolon
 Page No
Date

DR Pand
TO puhthae ol
L AIC
B hopon 5ale o ed

ed aaaet aabbetLaduong io
TO Loss.on 6ale a Bu iound.o
edLoss asset xPN
To b4th Bod By lntenet on aduanie. toS0ppe
debs Iv a
Toaduanie tosupplienBy bale o1 F.ALxJ
at daAse 1x
Aduenisement apendituhe

Capital n Suuvenier Baochute l0the

ependtue Nuspape ol a poliHco
pah ullu aloyd
lotallpue dLx 9 DR
a
Noi Allouued x
Depn penI
RuleLusEL

ea- o Capital ependitush

Phhch0se neon 8anBoand
2 Panchase O ylou
5ian Boahd
Punchase OPennanent bian Boand..

DR PLal
To li lnbuhanLe hekium Lx
SAToëdrclfam ln>unante hemoumLxllBu
o inunance clm
Medicfam háluhanre osa roccised l
 Page No.
Date

Cashx]chaque, DD,ct L
ToMedicldim Indemnity Inaushane
Pemomlv
To Insunane ok hemium LV
TOInawnan(e ojBtocRv
TO lnaunane oxed.asset Lv
To u In>uhanieeanthqua R e
lnSwhonce Lv
O uah SubR poemium L
TOpnumon l0s6 oh proi
polu lV
o Reuman inbuance hemiumL

BtoCR 9wlaled
DRTYadina and PLAC yenn ended CR
To Opening siocR lastpmicevBu Bale 12ellinq Prutellv
TO puhchase listpnirciLv B acod as þheë 5ample LCpll
B hood takai ovenby Propico

5P
Bucosina 8toc [CP]L
To bnass pot cld xx B noo l0st by ralplb

Hument to Ralatives
Roasonable AmtL iacexa AmtLx
alloued Not Aloued
 Page No./
Date

DR PL
To 6den Roseach fpenses
Co6 oländ Laaet Side LxJ
CoSto Buldfral ed
(ost o othen as8e5 Lw
Oheh Lyevenua lezpenselv
To DonaHonpx Sien?c Restanch l
lon1L 6LuBE
UPE UnapprovedGnatutu und
RPE-Rocognized Proident nd
5PE- ta
Hutovu
oidendand n o
BSAE- ApprovedS0pen Anduatonund
AGF-pproed aatuty und
DR PL Alc 90 CR
Topoeminahu epenses Lpaid

l5pnelimunahup 5 lx
o enaeslv
Lassumahat 5onlu LyIL
25 Conbuhon O
to uods
kolaled b emplouECS orpropucbr
Approued Onapproued Deposit n PPE
O1 und n und
NOt alloued LxJ
Alouied lh No Alloued Lx
 L
ea SPE RPE ASAE eg-UPE 5tawelar
AE, ett und
Business bcpenses LPad L6ec Ho Al&J
upto l0,000 mone
ihan lgo00p
Alloued l Paid bu Alc Pauee othehuuse
chaq. Demond dva,
Cadit Cand onlino kully no
Paumendad aflouuedLXI

LAllOued Lvl
BusineAS rpendes

Dorma llu alloued bab CI-BTL L5ec 438

on due ba>is
Padupto due O
OthenuwsE
&d IvorshandiraldaeolngJT 3 716
Point 26 eiunn e 31n|16
Not Allowt=
AllouedIv L
C-lonoebution to appouedund lm- SPEIRPE SAEetl
TTat ha loled to brood 5enote Leg-sale tax 5enuice cte
B-Bonusonand ommission enmplouees
-Intonel loon kar buinesallhom PEE,SFC,gmc,5ched:
ule BanRJ 8ae lnäusoial Inuesment
LomporaHon
o ndian
R-ument Salany Ratluaus.
LLtave
 Page No./
Date
amalu plannng pendituhi

Lompanu B5sesseehau Othen H55€Asee

CapiHal se hovenue Dtopta) iKeuenua
apendituha eptrcitut penditund apendituo

Alowedn ull Not ullu

udt equal Insall- aloued allowued allouued
ment 15no
(a)Rue siocRArnamala
)No depduchon u be alloued Oin oespect O
Punchase o e210CR
2Nodepneiätoh on be claimed ive stacR on

3) Houeuen, u live 6iacRdies, beronmesPehmonend

LORSeles8 OR 0Henuise.50ld In 8uch aLse
l0ss can be neLOYded a businesA expenAes

t fo- 5.P bbcan cassea XX

LossOn lve StocR

3o)DepreëahonOndeh chechion 32

P6se elble iolae

Tanble Qalnndangble
Biadina unnitunaP}M
RnOu houu,hode mh-
Polent, iene
opnighd, hancha
 Page No.
Date
Note
P mêans an u Tangible depedable asset
othen han Building and unituhd
He-thod o DepnedoHon

uDv method FTM 0then Membeh

Alloued Ev Noiallowed Lx
s Rale odepnedoHonu be qiven in queshon
Syslem ODeporedation

Indidoal Asel BIOCR O,Bsse

ysiem Suslem
Not allowed Lx Aloued v
olloued ufth FN ah
olloed uth uDv
o
9poup Asses
Bami upe 2amo rae
5) Asses Puhchased
and
Put o_ue

Ho Bo daus OR mo LesaTihan 180dg

N
1Betucen I4- 3|1o|4
'21
Hlol- 3113[

ull depneialion kal depneöaion

 Page No./
Date 7
lOmputahion ol Depreathon
A Pantitcula
Openunq uuDy as
001|4 |8 21 XX
E Punchaxe dusinaPY 2 2
18o daua OR moe Lila8-31o8 XX
le>a han 180dous|lo]8-313]
21 22 vau
6P
HSale proceeds
aclosina uDV
Balance
n ebshan
180 dau
O9a a

uDy

Xx
Role12 + Rale

Depreiaton ab peh IT Rule LYxx>oBE

londiion or claAing depredoion n
be Posive + B10L-
closina
Thoheno must wDV hut aha
( be aleast 1asset
must be pmesent in blocR
Le asset claim_ethen depoveciatonOR
neodh3)h AsseBee lan
be_(omputaton DCapthal acin
uf