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    Mohd Yamin, an individual residing in Rampur, filed their income tax return for AY 2022-23 declaring total income of Rs. 488,210 under the presumptive taxation scheme of section 44AD. Their income was derived from a consultancy business. Their tax liability after claiming a basic exemption of Rs. 250,000 was Rs. 11,911 which was fully adjusted against the rebate available under section 87A, resulting in nil tax payable. Key financial details filed included gross receipts of Rs. 16,44,912 from the consultancy business and cash in hand of Rs. 34,213 as per the balance sheet.

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    computation

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    NIRIMA SAHU COMPUTATION (2)

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    Mohd Yamin, an individual residing in Rampur, filed their income tax return for AY 2022-23 declaring total income of Rs. 488,210 under the presumptive taxation scheme of section 44AD. Their income was derived from a consultancy business. Their tax liability after claiming a basic exemption of Rs. 250,000 was Rs. 11,911 which was fully adjusted against the rebate available under section 87A, resulting in nil tax payable. Key financial details filed included gross receipts of Rs. 16,44,912 from the consultancy business and cash in hand of Rs. 34,213 as per the balance sheet.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    40 views2 pages

    Individual tax return

    Uploaded by

    brs consultancy
    Mohd Yamin, an individual residing in Rampur, filed their income tax return for AY 2022-23 declaring total income of Rs. 488,210 under the presumptive taxation scheme of section 44AD. Their income was derived from a consultancy business. Their tax liability after claiming a basic exemption of Rs. 250,000 was Rs. 11,911 which was fully adjusted against the rebate available under section 87A, resulting in nil tax payable. Key financial details filed included gross receipts of Rs. 16,44,912 from the consultancy business and cash in hand of Rs. 34,213 as per the balance sheet.

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    of 2

    Name of Assessee MOHD YAMIN

    Father's Name ABDUL MAJID


    Address Shankarpur hakumatpur, Rampur Kalan shehaspur, Rampur B.O, UK 248197
    E-Mail parveenrestaurant66@gmail.com
    Status Individual Assessment Year 2022-2023
    Ward Year Ended 31.3.2022
    PAN ASOPY6527C Date of Birth 01/07/1977
    Residential Status Resident Gender Female
    Nature of Business CONSULTANCY
    Filing Status Original
    Bank Name AXIS BANK LTD, , A/C NO:914010022131419 ,Type: Saving ,IFSC:
    UTIB0002528
    Tele: Mob:+918057663366

    Computation of Total Income [As per Normal Provisions]

    Caution
    1. AIS report not imported
    2. TIS summary not imported

    Income from Business or Profession (Chapter IV D) 488210


    Income u/s 44AD 488210

    Gross Total Income 488210

    Total Income 488210


    Round off u/s 288 A 488210
    Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

    Tax Due (Exemption Limit Rs. 250000) 11911


    Rebate u/s 87A 11911
    0
    Fee for default in furnishing return of income u/s 0
    234F
    0
    Deposit u/s 140A 0
    Tax Payable 0

    Tax calculation on Normal income of Rs 488210/-


    Exemption Limit :250000
    Tax on (488210-250000) =238210 @5% =
    11911 Total Tax = 11911

    Interest calculated upto December,2022, Due Date for filing of Return July 31, 2021
    Due date extended to 31/12/2021 F. No. 225/49/2021/ITA-1I Dt 09-Sep-2021
    Income Declared u/s 44 AD
    Gross Receipts/Turnover (Other than ECS/Cheque/DD) 13,23,456.00
    Gross Receipts/Turnover (ECS/Cheque/DD Mode) 3,21,456.00

    Gross Receipts/Turnover (Total) 1644912.00


    Book Profit 488210.00 29.68 %
    NAME OF ASSESSEE : MOHD YAMIN A.Y. 2021-2022 PAN : ASOPY6527C Code :7412381

    Deemed Profit(Other than ECS/Cheque/DD) 3,56,213.00 8.00 %


    Deemed Profit(ECS/Cheque/DD Mode) 1,32,000.0 6.00 %
    Net Profit Declared 488210.00 29.68 %

    Amount
    1 25/11/2022 22289 1000
    Total 1000

    Bank Account Detail


    S. No. Bank Address Account No MICR NO IFSC Code Type
    1 AXIS BANK LTD 914010022131419 UTIB0002528 Saving(Primary)

    Detail of assets and income given in return form


    Balance Sheet
    Liabilities Assets
    S.No Particulars Amount S.No Particulars Amount
    1. Partner/Member 0 1 Fixed Assets 0
    capital
    2. Secured Loans 0 2. Inventories 0
    3. Unsecured Loans 0 3. Sundry debtors 0
    4. Advances 0 4. Balance with banks 0
    5. Sundry Creditors 0 5. Cash in hand 34213
    6. Other liabilities 0 6. Loan and advances 0
    7. Other Assets 0
    Total 0 Total 34213

    Signature
    (MOHD YAMIN)
    Date-31.07.2022
    CompuTax : 7412381 [MOHD YAMIN]

    Page 2

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