RAJESH BORA ASSESSMENT YEAR :: 2023-24

S/O- KESHAB BORA PREVIOUS YEAR :: 2022-23

BHUTAI GAON, ITACHALI D.O.B :: 01/01/1993
DIST. - NAGAON (ASSAM) , PIN - 782003 PAN :: DBLPB7720K

ESTIMATED TRADING AND PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31ST MARCH 2023

PARTICULARS AMOUNT(RS) PARTICULARS AMOUNT(RS)

To Opening Stock 4,35,610.00 By Gross Receipts 59,65,150.00

To Purchase 49,51,763.13 By Closing Stock 6,98,470.00
To Freight 1,35,160.00

To Gross Profit transferred to

Profit & Loss A/c 11,41,086.88
66,63,620.00 66,63,620.00

To Salary to Staff 1,45,650.00 By Gross Profit trnsferred from

To Labour wages 1,25,350.00 Tarding A/c 11,41,086.88
To Mobile Charges 42,150.00
To Travelling & Convayance 32,150.00
To Shop Rent 39,000.00
To Shop Maintanance Expenses 25,140.00
To Printing & STationery 18,650.00
To Electric Charges 36,520.00
To Refreshment 26,420.00
To Misc. Expenses 21,225.00
To Shop Insurance 2,095.00
To Depreciation 39,796.88

To Net Profit t/s to Capital A/c 5,86,940.00

11,41,086.88 11,41,086.88

RAJESH BORA
Proprietor
RAJESH BORA ASSESSMENT YEAR :: 2023-24
S/O- KESHAB BORA PREVIOUS YEAR :: 2022-23
BHUTAI GAON, ITACHALI D.O.B :: 01/01/1993
DIST. - NAGAON (ASSAM) , PIN - 782003 PAN :: DBLPB7720K

ESTIMATED BALANCE SHEET

AS ON 31ST MARCH 2023

LIABILITIES AMOUNT(RS) ASSETS AMOUNT(RS)

Proprietor's Capital Fixed Assets

Capital A/c as per Schedul "A" 12,05,350.00 Furniture & Fixture 1,34,071.20
Less:-Depn@10% 13,407.12 1,20,664.08
Loans & Advances
Loan from TVS Credit having Computers 25,403.10
Customer ID- 0015843283 Less:-Depn@15% 3,810.47 21,592.64
(Closing Outstanding) 0.00
Household Goods 98,423.10
Loan from Bajaj Finance Less:-Depn@10% 9,842.31 88,580.79
Customer ID- 552612689
(Closing Outstanding) 25,161.00 Electronics 25,952.20
Less:-Depn@15% 3,892.83 22,059.37

Motor Bike 58,961.00

Cash Credit from SBI 5,00,000.00 Less:-Depn@15% 8,844.15 50,116.85
Proposed Limit Rs. 500000

Current Liabilities Current Assets

Sundry Payables 31,060.00 Stock in Trade 6,98,470.00
Sundry Receivables 4,99,297.00
Cash in Hand 1,95,650.00
Cash at Bank 65,140.27

17,61,571.00 17,61,571.00

RAJESH BORA
Proprietor
RAJESH BORA ASSESSMENT YEAR :: 2023-24
S/O- KESHAB BORA PREVIOUS YEAR :: 2022-23
BHUTAI GAON, ITACHALI D.O.B :: 01/01/1993
DIST. - NAGAON (ASSAM) , PIN - 782003 PAN :: DBLPB7720K

SCHEDULE "A"- CAPITAL ACCOUNT

AS ON 31ST MARCH 2023

PARTICULARS AMOUNT(RS) PARTICULARS AMOUNT(RS)

To Drwaing for Self 5,06,389.00 By Opening Balance 11,27,799.00

To LIC Premium Paid 0.00 By Net Profits t/d from P/L A/c 5,86,940.00
To Medical Expenmditure 3,000.00 By Interst on Savings Bank A/c 0.00
To House Rent paid 0.00 By Commission 0.00

To Closing Balance 12,05,350.00

17,14,739.00 17,14,739.00

RAJESH BORA
Proprietor
RAJESH BORA ASSESSMENT YEAR :: 2023-24
S/O- KESHAB BORA PREVIOUS YEAR :: 2022-23
BHUTAI GAON, ITACHALI D.O.B :: 01/01/1993
DIST. - NAGAON (ASSAM) , PIN - 782003 PAN :: DBLPB7720K

COMPUTATION OF TAX PAYABLE INCOME AND TAX PAYABLE

PARTICULARS AMOUNT(RS)

INCOME UNDER THE HEAD BUSINESS & PROFESSION

NET INCOME FROM TRADING BUSINESS 5,86,940.00

0.00 5,86,940.00

INCOME UNDER THE HEAD BUSINESS & PROFESSION

SAVINGS BANK INTEREST 0.00

COMMISSION INCOME 0.00
SUNDRY RECEIPTS 0.00 0.00
GROSS TAXABLE INCOME 5,86,940.00
LESS:- DEDUCTION UNDER CHAPTER VI-A
SECTION 80 C 0.00
SECTION 80 D 3,000.00
SECTION 80 GG 0.00
SECTION 80 TTA 0.00 -3,000.00
NET TOTAL INCOME 5,83,940.00
OR SAY ROUNDED OFF 5,83,940.00

TAX LIABILITY
TAX ON NET TOTAL INCOME 29,888.00
LESS:- REBATE U/S 87 A 0.00
GROSS TAX PAYABLE 29,888.00
ADD:- EDUCATION CESS @4% 1,171.00
31,059.00
ADD:- INTEREST U/S 234 0.00
ADD:- LATE FEE U/S 234 0.00
NET TAX PAYABLE 31,059.00
LESS:- TAX PAID / TDS DEDUCTED 0.00
NET TAX PAYABLE/REFUNDABLE 31,059.00
OR SAY ROUNDED OFF 31,060.00

RAJESH BORA
Proprietor