Scribd Logo
Upload

Welcome to Scribd!

  • ACFrOgAXq77miPocMyn8eKvx6tA1oRJ96YqCRpmAadGHvXtyAEaiWodlG4YVdISWK5m3dXqm9b20u3wm6R2anc QL2eLnsdWBVmAInnL 7vr95tzajpcmVWAhdpb J43r-ZJYzFddAwyKIOW7wPG

    Uploaded by

    Amar Bangla
    19 views2 pages
    MD Younus Ali Molla's total income for the financial year 2020-21 and assessment year 2021-22 is computed. The total income amounts to Rs. 492030 after deducting life insurance premium of Rs. 7103 paid under section 80C of the Income Tax Act and interest received of Rs. 714 under section 80TTA. No tax is payable as the total tax liability of Rs. 12102 is less than the tax deducted at source of Rs. 390, resulting in a tax refund receivable.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    MD Younus Ali Molla's total income for the financial year 2020-21 and assessment year 2021-22 is computed. The total income amounts to Rs. 492030 after deducting life insurance premium of Rs. 7103 paid under section 80C of the Income Tax Act and interest received of Rs. 714 under section 80TTA. No tax is payable as the total tax liability of Rs. 12102 is less than the tax deducted at source of Rs. 390, resulting in a tax refund receivable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    19 views2 pages

    ACFrOgAXq77miPocMyn8eKvx6tA1oRJ96YqCRpmAadGHvXtyAEaiWodlG4YVdISWK5m3dXqm9b20u3wm6R2anc QL2eLnsdWBVmAInnL 7vr95tzajpcmVWAhdpb J43r-ZJYzFddAwyKIOW7wPG

    Uploaded by

    Amar Bangla
    MD Younus Ali Molla's total income for the financial year 2020-21 and assessment year 2021-22 is computed. The total income amounts to Rs. 492030 after deducting life insurance premium of Rs. 7103 paid under section 80C of the Income Tax Act and interest received of Rs. 714 under section 80TTA. No tax is payable as the total tax liability of Rs. 12102 is less than the tax deducted at source of Rs. 390, resulting in a tax refund receivable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Assessee: MD Younus Ali Molla Financial Year: 2020-21

    PAN: BFWPM3873B Assessment Year: 2021-22


    Computation of Total Income and Tax Liability thereon
    Particulars Details Details

    Profit and Gains from Business or Profession


    Profit from Imisha General Logitics 3523
    Less:Income taxable under Other Heads
    Interest Received 0

    Income from Other Sources


    Commission and Brokerage 495607
    Interest Received From Savings Account 714

    Gross Total Income


    Less: Deduction under Chapter VIA
    U/S 80C
    LIC Premium 7103
    0
    7103 7103

    U/S 80D
    Mediclaim and preventive health check up 0 0

    U/S 80TTA
    Interest from Savings Account 714 714

    Total Income
    Total Income (Round Off)

    Tax Liability
    On Total Income 12102
    Less: Rebate U/S 87A 12102
    0
    Add: Surcharge @ 15% 0
    0
    Add: Edu. Cess 0

    Tax Paid:
    Tax Deducted at source 390
    Advance Tax 0
    Refund Receivable
    Financial Year: 2020-21
    Assessment Year: 2021-22
    hereon
    Amount

    3523

    496321

    499844

    7817

    492027
    492030

    390
    390

    You might also like