IMDADUL ANSARI ASSESSMENT YEAR :: 2020-21

S/O- ABDUR ROFIQUE ANSARI PREVIOUS YEAR :: 2019-20

DHANIA BHETI, BATADRABA D.O.B :: 30/10/1994
DIST. - NAGAON (ASSAM) , PIN - 782122 PAN :: CPTPA3633M

TRADING ACCOUNT
FOR THE YEAR ENDED 31 ST MARCH 2020

PARTICULARS AMOUNT (RS) PARTICULARS AMOUNT (RS)

To Opening Stock 795,620.00 By Gross Receipts 5,825,920.00

To Purchase 4,046,945.00 By Closing Stock 968,710.00

To Gross profit transferred to

Profit & Loss A/c 1,952,065.00
6,794,630.00 6,794,630.00

PROFIT & LOSS ACCUNT

PARTICULARS AMOUNT (RS) PARTICULARS AMOUNT (RS)

To Salary to Staff 290,000.00 By Gross Profit transferred from

To Freight Charges & wages 185,250.00 Trading A/c 1,952,065.00
To Mobile Charges 45,220.00
To Travelling & Convayance 199,250.00
To Shop Rent 72,000.00
To Shop Maintanance Expenses 86,920.00
To Printing & STationery 79,890.00
To Electric Charges 35,200.00
To Refreshment 125,820.00
To Misc. Expenses 158,750.00
To Shop Insurance 8,625.00
To Depreciation 43,248.00

To Net Profit t/s to Capital A/c 621,892.00

1,952,065.00 1,952,065.00

IMDADUL ANSARI
Proprietor
IMDADUL ANSARI ASSESSMENT YEAR :: 2020-21
S/O- ABDUR ROFIQUE ANSARI PREVIOUS YEAR :: 2019-20
DHANIA BHETI, BATADRABA D.O.B :: 30/10/1994
DIST. - NAGAON (ASSAM) , PIN - 782122 PAN :: CPTPA3633M

CAPITAL ACCOUNT AS PER SCHEDULE 'A'

AS ON 31 ST MARCH 2020

PARTICULARS AMOUNT (RS) PARTICULARS AMOUNT (RS)

To Withdrawals by self 260,086.00 By Opening Balance 1,429,503.00

To LIP Paid 44,920.00 By net profit 621,892.00
To Medical Expenditure 85,920.00 By Savings Bank Interest 672.00

To Closing Balance 1,661,141.00

2,052,067.00 2,052,067.00
IMDADUL ANSARI ASSESSMENT YEAR :: 2020-21
S/O- ABDUR ROFIQUE ANSARI PREVIOUS YEAR :: 2019-20
DHANIA BHETI, BATADRABA D.O.B :: 30/10/1994
DIST. - NAGAON (ASSAM) , PIN - 782122 PAN :: CPTPA3633M

BALANCE SHEET
AS ON 31 ST MARCH 2020

LIABILITIES AMOUNT (RS) ASSETS AMOUNT (RS)

Proprietors Capital Fixed Assets

Furniture & Fixture 231210.00
Capital A/c as per Schedule 'A' 1,661,141.00 Less : Depn@10% 23121.00 208,089.00

Electrical Equipements 49428.00

Less : Depn@10% 4943.00 44,485.00

Electrical Fittings 32040.00

Less : Depn@10% 3204.00 28,836.00

Electrical Equipements 73865.00

Less : Depn@15% 11080.00 62,785.00

Jewellery & Personal belongings 156,250.00

Fixed Deposit 80,000.00

Current Liabilities Current Assets

Sundry Creditors 164,020.00 Stock in Trade 968,710.00
Sundry Debtors 325,920.00
Cash in Hand 141,250.00
Cash at Bank
SBI S/B A/C No.- 38289378628 16,925.00

1,825,161.00 1,825,161.00

IMDADUL ANSARI
Proprietor
IMDADUL ANSARI ASSESSMENT YEAR :: 2020-21
S/O- ABDUR ROFIQUE ANSARI PREVIOUS YEAR :: 2019-20
DHANIA BHETI, BATADRABA D.O.B :: 30/10/1994
DIST. - NAGAON (ASSAM) , PIN - 782122 PAN :: CPTPA3633M

COMPUTATION OF TAXABLE INCOME & TAX PAYABLE

PARTICULARS AMOUNT
(RS)
INCOME UNDER THE HEAD BUSINESS & PROFESSION

NET INCOME FROM TRADING BUSINESS 621,892.00

0.00 621,892.00

INCOME FROM OTHER SOURCES

SAVINGS BANK INTEREST 672.00
INTEREST ON INCMOE TAX REFUND 0.00
COMMISSION INCOME 0.00 672.00
GROSS TAXABLE INCOME 622,564.00
Less :- Deduction Under Chapter VI A
SECTION 80 TTA 672.00
SECTION 80 D 85,920.00
SECTION 80 C 44,920.00 -131,512.00
NET TOTAL INCOME 491,052.00
ROUNDED OFF 491,050.00
TAX LIABILITY
TAX ON TOTAL INCOME 12,053.00
LESS:- REBATE U/S 87 A -12,053.00
GROSS TAX PAYABLE 0.00
ADD:- EDUCATION CESS @4% 0.00
0.00
ADD:- LATE FEE U/S 234 0.00
NET TAX PAYABLE 0.00
LESS:- TAX PAID 0.00
NET TAX PAYABLE (Rounded off) 0.00