TAX AUDIT REPORT OF VAHANVATI PASHU AAHAR AT : DEHGAM FOR THE PERIOD OF AY. - 2021 - 2022 P.Y. - 2020 - 2021 TAX AUDITOR : ASHOK PRAJAPATI & CO. CHARTERED ACCOUNTANTS 1387/1,BHAGAT FLAT, AMBLI NI POLE,RAIPURA AHMEDABAD.380001 ——— Scanned with CamScannerASHOK PRAJAPATI & co. CHARTERED ACCOUNTANTS Raipur, Ahmedabad. 1387/1, Bhagat Flat, Ambli Ni Pole, FORM NO. 3CB [See rule 66(1)(b)] ‘Audit report under section 44AB of the Income Tax Act, 1961 in (b) of sub-rule (1) of rule 66 the case of a person referred ton clause (021, and the profit & loss account/income and 1. thave examined the balance sheet as at 31st March 2( attached herewith, of Vahanvati Pashu Aahar expenditure account for the year ended on that date, pro. GosaiKiritbhal Mahendragie At GF 16,Axar Complex,Railway Station Road,Dehgam,Gandhinagar,Gujarat.382315 (PAN - BNEPG820Q) 2 Neertify that the balance sheet and the profit & loss account are in agreement with the books of account maintained at the head office at: GF 16,Axar Complex,Railway Station Road,Dehgam, Gandhinagar, Gujarat.382315 and NIL branches. 3 (a) t report the following observations/comments/discrepancies/inconsistancess ifany: NIL (b) Subject to above,- (8) have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of the audi (8) In my opinion, proper books of account have been kept by the head office and branches of the assessee so far as appears from my examination of the books. {(€)_ In-my opinion and to the best of my information and accrding to the explanations given to me, the said accounts, read with notes thereon, if any, give a true and fair view (i) in the case of the balance sheet, of the state of the affairs of the assessee as at 31st March, 2021 and (i) in the case of the profit & loss account, of the profit of the assessee for the year ended on that date. 4 The statement of particulars required to be furnished under section 44A8 is annexed herewith in Form No. 3¢D. 5 In my opinion and to the best of my information and according to explanations given to me, the particulars given in the said Form No. 3CD and the annexure thereto are true and correct. For, Ashok Prajap: Chartered Acrountants ¢ CA Ashokbhai T. Prajapati M.No. : 180179 FRN ; 146413W PAN - CPHPP1889Q. UDIN : 21180179AAAACC2380 Co. Place : Ahmedabad Date : 27/09/2021 Scanned with CamScanner/ FORM No. 3c [See rule 662) f ‘Statoment of particulars required to be furnished under section 44AB J (Of the Incomontae Act 1961 2 |,|Vahanvat! Pashu Aahar .|GF 16,Axar Complex,Raltway Station Rosd,Oehgam, |-|eNePcsz10q Jwnemer ne axsestee is table to pay inarec tax tke excise ety. | !YES, service tax sates lax cusiom duty, etc. tyes, please furssh the | |GSTH. -24BNEPGS210Q1ZU reg. or any oer Werifeston Mo, atoted forthe same, State Proprietor Jo _|Previous Yeor Enea [ster maren 2021 2021 - 2002 ly |aszessment Year |ctause 444B(a)- Total Sales! Tumover! Gross Rocolpts in 6. |indate me relevant cause of sec 44AB under which the aut lpusiness exceeding Rs. 1 Crores. has been conaucies PAR [7 ]iay ttm or_assocaton penon waiesio names OTIy. Parnersimembers and te prof shanng rato io) mere ts any change in the partnersimembers or ter profi: shanng ratos since the lasr date of preceding year, the| [MA partcularsthereot 0 |ia) Nature of Business o profession (f more man one business||Retal & Wholesale Trading In Pashu Aahar ‘oF profession is cared on during the previous year, naire o every business or profession) Jo) tere is any change in nature of business o« profession, tea Change partclars of such change. 11 fla) Wneter books of account are presorbed wis 44AA,# yes,||No st books 40 prescribed, Jo) Gooks of account maintained and the adsrets at whch the|:|casn ook, Bark Book, Purchase Register, Journal Register, books of accounts are Kept (in case books of accoun| | Genera! Ledger. Sales Regisor manned at GF 16 Axar maintained in a computer system, mention the books of |Compiex Raiway Staton account aenerate by such comouter system Rood Dengam, Gandhinagar Gujarat 382315 fe) Ustof books of account and nature erelevart documents | examined. [as above 12 |wnetner te prott& oss account Inctudes any protts & gain | No lassessablo on presumptive bass. yes, indicate the amount & retavant necton (44AD.44AE,44AF, 448, 440A, 4455 44880, [Chapiee Xi.G, First Schedule or any other relevant secton ) or [any otnerrelavant section 13. (a). Method of accounting employed in he previous year ercantio System Jo) wheter there has been any change in ine method of|No Change accounting employed Vs-2-vs te method employed in tne] Immediately preceding previous year. le) tt answor to () i 0 affematve, give details of such crange,||NA ‘and the eftect thereo! on the profi o oss lo) Wnetner any adjustment is required to be made tothe prot || NA Cor oss for complying wit the provisions of income ‘computation and disdosure standards notiied under section 48a) le) answer to () above isin the attemative, give details of | COS Tinea in Prot [Decrease in Prom wot Eecr such adjustments: raat [rac os bac lO Disclosure as per COS 1160S 1- Accounting Policies [The Financial Stement have been prepared on going concern JAssumpton. The fem generally adopts the merantie method of laccountng. Fue assets are slated at cost less deprecation [Depreciation on fied assets Is provided on WOV metiod atthe rates speci in T Act income is recognized as and when vls raises inventory i valved at lower ofthe cost or Net realizable value. [Provision for curent tax is made, {COS 1 Valuaon OF inventories overtonyi abed a ower ofthe castor Net reatzable value. Cost SS {ICDS i = Construction Contracts pons Scanned with CamScanner14 1s v7 te a eos w= Revere Recognition ‘previous yoo prosorbed under section 145A, and tho effect there! onthe broft or less. Inf Stock-lntrago a) Descrction of Copal asst, J) Dato of aoquistlon, Je) Cost of acquisition. \3) Amount al which the assor is converted ino Stock |amount not eredied tothe profil & loss account, belng fa). tha lem faling win he scope of se. 28 | Io) Tho proforma credis, drawbacks, refunds of duty, ofl: customsioxcse, of rfunds of sales tax valve edged tax] lahore such cred, drawbacks/efunds are admitied as due by the authoilos concerned. fe) Escalation daims accepted during the provous year, (d) Any other tem income: Ke) capt receipt, Kony. Fina Fe recog revenua when ot ovmeranip have boon transfor - any tax, dy or cass lo recognized Jwtich auch ncaa Is rocelved Jacquston, fa) Method of valuation of closing stock employed In tha|:|Cost Or Markot Vs Jt) etats of deviation, if any, from the method of valvaton:|No Deviation Gio th folowing particulars of the capt asset converted |NIL wu grea tok avd reward] ‘buyer intrest on relund of Income of tho previous yeor in W)ICDSV- Tangibo Fxod Assets Joepraciton on Fixed aeeata is provided under WOV method. For Jtals of depreciation refer Clause 18 ‘160 Vil- Government Grants Not Appieable ‘i608 1X Drawing Conts Joorcowing cost estocitodith the instalation of capital aseets that Inoconsay oquied a poriod of twelve months or ore forts conatruton or production are captalzes ti tha dae they ara pul to ure. Tho amount of borrovdng costs captaized during the \yoaria NL il) ICDS X - Provisions, Contingent Lables and [The fim has prov ‘Contingent Assos eomingost Habit ded for Income tax Hbilty accrued fr the yeor ol provide i euch tm i realy cxystalzes Jo Which Evor Is Loss. |were any land or bung or both Is ransferted during tho previous yest for consideration less than your value adapted or lasessed or assessable by any autnoly af a sale government reteed ton section 43CA or 50C, please fia: Ipatois or [Waive adopted or assessed or assessable. Jpariculars of description alowabia 08 per the Income Tax Act} 981 in respect of each assets block of astels, a8 the case| he leo may be, a the folowing form Ja)” Description of assed block of assets (t) Rate of Depreciation, fe) Actual cost of witton down value, asthe cose may be {6} Adations / deductions during the year wit dates nthe ca ‘Of any oddiion of an assets dale pul to use; Induding| |. adlustments on account of, () Central Value Addod Tax credis claimed ond alowed!’ Under the Cental Excise Rules, 1944, In respect of assets ‘scauited ono alter 1st March, 1946. {i) Change in ate of exchange of curency, and |} i) subsiy or grantor reimbursement; by whatever name: cole, fe). Depreciation aowabie. | )._Wrlten down value atthe end of year i [Refer Annexure - A JAmouns admissible under section 33AB, S3ABA, 39AC{whoraver appleate), 35, 36AB8, 36AC, 3SCCA, I6CCB, 360, 3600) [3S00A, 05: (a) Debiied to the profit & loss account (Showing tho amount debiod and. deduction alowabla under each secon) soparateh) to) not debited tote prof & loss account Je) Any sum paid to an employee o8 bonus or comm service rendered, where such eum was otvorwse payabie to) |\\ him es pros or dividend, (Section 36(1) 0) Scanned with CamScanner“Fay san Tecaied Fam te employees towards conbubonsT | fo any provident find or superannuation fund / any other {hed tmensoned in section 2(24)00; and due date for the payment and the actual date of payment to the concemed} futhores under section 36(7)(¥a) debited othe prof and loss account, being: the nature opin, persona, advertisment expendture ele Pease furish the datas of amounts debited to the prof ‘and loes account, being in the nature of sino | Particular | Amount (RS) ‘capital, personal, adverisement expendture ete. 7 ‘Capital expenditure Personal expenditure ‘Adverizement expenditure in any souvenir, brochure, track. pamphiel ore The pubished by a poltical party Expenditure incurred at cubs being enrance fees and subserpbons incued al cbs being cost for dub services and facies used. Expenditure by way of penalty oF fine fo violation of ‘any aw forthe time being force Expendiure by way of any other penalty or fne not cepvered above = Expenditure ncured for any purpose wrichis an ‘offence or wich is prohibited by law Jo) Amount inadmissible u's 40(8) wu {)_ 88 payment to nonresident refered ton sub-cause () (A) Detais of payment on which taxis not decctes (Date of Payment . _ {Qh Amount of Payment ve {Nature of Payment (WY) Name and Acdress ofthe Payee >" (2) Detaas of payment on wich tax has been deducted but has ‘ot been paid dung the previous year orin the subsequent Year before the expiry of ime presenbed under section 20041) i (Date of Payment (a) Amount of Payment {Nature of Payment la (() Name and Address ofthe Payee ~~ (V1 Amount of Tax Deducted fs payment refered to in sub-cause (a) = Deals of payment on wich taxis nol deducted ()Date of Payment oa (a) Amount of Payment {il Nature of Payment % {WW} Name and Address ofthe Payee |) Details of payment on which tax has been deducted but has not been paid on or before the due date specie in sub ‘ection (1) a section 139, La (ate of Payment {Wh Amount of Payment {Ul Nature of Payment {0v) Name and Address ofthe Payee () Amount of Tax Deducted ics (UN Amount of () Seposied if any mmm ae a). under sub-clause (c) [Wherever applicable}: 7 lv) under sub-clause (a) ee Ni lw) under sub-clause (ib) (wy) under sub-clause (i) {Date of Payment (@) Amount of Payment (©) Nature of Payment (vs) under sub-clause (W) (i) under sub-clause (v) lc) Amounts debited to profit and loss account bing, Interest, Salary bonus, commission of remuneration naamissive | |NIL. Under section 40(0/40(ba) and computation thereof |o) Dlestowancelseemed income under section 40A(3) Se la. = TE atl Scanned with CamScannerlee las he hoslsof he examination of took of recourd BOM Mrlevart docurertslewdencn whet! the excendtre| inde ection AONZ3) read wth re 60D were mA Foccourt pa rece Arran on back 7 OU yee ‘rah no lance fers dete “One esis of re examination of books of account snd ‘her releyart dacimerinlewsenen wh Wo payrent eters wo section AON) few) rle OOD were mde ynecount pryee ches drnwey on back or aceon pea fpeva ort Hl ploane trish the dems of wmourt ‘Seared tobe Poe profs and eof business. or pretension tinder eect ADAG), le) provision tr payment of grahty not allowable under section 4071, ley ory sum pad by the astessee as an employer not atciabie nde section 4049) lo) particu of ay Habit of a contingent nature |n) smaurt of deduction Inadmiesble in terms of section 144 I taped of the expenditure incur in relation 1 income sic does nal form part of thefts ncome: l«) amount inadmissibie under the proviso lo ection 38(110. Amount of interest inaissibe under section 23 ofthe zo, Small and Mesium Enterpcises Development Ad, Perteutar of payments mado persons epectied UnAer ection ears ato) (0), (nd (8 heed not be given in the case of receipt by or payment io a Government company, a banking Company, a post ofce savings bank, a Cooperative bank onthe case of ansactons refered tn secon 25085 onthe case of persons refered to In Noutcton No.0. 2065(6) dated 3rd July, 2017) amouant exceeding the limit specified in section 268 made} ‘daring the previous year. (9 Name, address ana permanent account number (i availabe wit the assessee) ofthe payee: iy amount ore repayment; q a maximum amount outstanding In the account at any time| ‘uring the previous year; Use of electronic clearing system though a bank account; 0) Incase te repayment was made by cheque or bank drat, ‘whether the same was repald by en sccount payee cheque}: ‘ran account payee bank drat ne. le) Pariewars of each repayment of loan or deposit in an lin whether the repayment was made by cheque or bank draft oi na. is NL. Scanned with CamScannersecion 2697 recewved otnerwise than by a cheque or ban;|NIL. Graf or use of elecronic daring system though 8 bent| aocourt dura the previous year. ‘name, adress and permanent Account Number i avaiable} wan te assessee)o! the lender, or depestor or person fom} ‘whom specifed advance i received; repayment of loan or epost or ary specified advance) ‘received otherwise than by @ cheque or bank draft or use ol ‘eectonic deanng system through a bank account during the| ‘previous year. le) Paricatars of repayment of loan ot deposi or any specied| ‘zsvance i an amount exceeding the lmt spected in| section 263T received by a cheque or bank craft which nt fan socount payee cheque or account payee bark dra ‘Gung the previous year JO) ame, address and permanent Account Number if availble ‘wa the assessox)f the lender, or depositor or parson fram) (NIL ‘whom spectied acvance i received | repayment of loan or deposit or any spectied advance| received by a cheque or a bank drat which i not an account | ayee cheque or account payee bank draft dung the Previous year, (@artctars at (9. (6) and (e) need net be gwven inte casel | ‘of a repayment of any loan or depost or any specied| | ‘advance taken o accepted from the Government| } ‘Goverment company. banking company or @ carport] | estabshes by te Cental State or Provincial Ac) ; [52 Ja) Detats of wrought forward loss or depreciation allowance in i folowing manner to the exent avs Ff. ; [Sz [Assessment | Amount of st 3 [Amount as] Aamountas | Remarks No. |vear ‘towance | "retumed assesed | asseced (ve @o a Gd | eterenceto sslavant orden) le) wnemer a change in shareholding ofthe company has taken) |W, lace in he previous year due to which the losses incuted Dror to the previous year can nat be allowed to be cared forward in terms of section 79, (©) Wiveiver te assessee has incured any specdation loss] NA refened 10 in secton 73 curing the previous year, It yes| pleasefuish the details ofthe same 7 |) wher me assessee has incurred any loss refers 10 in| [NLA ‘secton 73A in respect of any specified business during te ‘Previous year, yes, please fursh det of the same. lcd In case of a company, ‘please state that whether tnel [WA | ‘company is deemed tobe carying ona speculation business as referred in explanation to section 73, if yes, please fumish| | > —the detais of speculation loss if any incured during the| ‘revious year. 33 [50. sectonise detats of deducton, if any, admissible under Chapter sor Caper (seca Ox, Sennen ann “Mt Please Refer Income Tax Return [54 ft). 34. (a) Whether ne assessee is required to deduct or cotect | ; — tax 2s per he provisions of Chapter XVILB or Chapter xvit| |NO Such Transaction te) wheter te assessee is required to fumizh the statement Of tax deduced o ax coleced. Ht yes, lease tonsh te |NO Such Transaction etait (2° wheter the assessee i !iable 1 pay interest under section | [TAN [Amount of AGUA PATE OUT] 201(1A) or section 206C(7). It yes, please fuish interest ws of column (2) lh. l201(1A)206c (7) along with date of payment A Scanned with CamScanneri | ss les lao Inthe case of a tading concem. give quantitative detats of prncipe Rem of goods Wades: (opening tock {purchases Gurng the previous year (Biss cxreg re previous year (ir cong stock (9) shodagefercess any lo) tn te case of a manutachimng concer, give quanttatne ‘deals of the prncple Heme of raw marerl, fished products & by-products. ' Raw Matera: (0. opening stock (@ percases dung the previous year (@) consumption during he previous year (Go) sales during the previous year 1) dosing stock (yell of rished products (2) percontag of yetd (va) sroragetercess, any. (©) Frshed products. By products opening stock purchases during the previous yea (@ quantity manufactured sing the previous year (@) sales curng the previous year 1) dosing stock (0) shoragelercess, ary.” » in tre case of a domestic company, details of tax on cstibutedl ly, Jproet ws. 115.0 ia he folowing for. Jo) total amourt of strated pros Je) amount of reduction as referred to i secton 115-0 (TAN) fa) amour of reducion as refered to in secion 1150 (VANE) (o) total sx paid nereon Jo) dates of payment win amounts. Ja. (2) Weer ne assesee has received any amountin the tatu of cridend as referred to Fisub-cause (e)of clause | |No. (22) of section 2? (Yes) ql (lye, please furnish the folowing detais— (@ Amount recived (0 Rs) (Date of recent |wmether any cost aust was cried out if yes, give the details, ley. ot” isqualticaton of disagreement on aml Wy, T i lwnetner any aud was conducted under the Central Excise Vaca. 1044, yes, give the dota, if any, of disqualification ol Jy. lscagreement “on any matertenvvalve Tquantty 38, may be kepotearceriied by te auditor. ©“ 2m, \vinetner any aut was conducted rider section 72A ofthe [Finance Ac. 1994 in etaon to valuation Of akable' Série i |yes. ove the deta, any, of isqualiicaion or didagroement on \ony meterter/valelquantay as may be repodedisentifed by |e sustor. era Not Maintained Not Maintained Not Maintained loetas repering tumover, gross prof ete: forthe previous year | Ty Jprevtoua Year [PRP=eanG |and preceding previous year: rovious Yoar_[pravious Yea “Tol tumaver ofthe assessee A a] 5 Gross prof Tumover i 3| 330% 7.00% | ‘Net prott/ Tumover 3] 220% 0.00% ‘Sock -in- trade /Tumover a] “4.65% 0.00% 3 5 alert consumed firished goods products lease turish the deta of emand raised or refund issued (e) Wether the assetsee Is required to fumish statement in Form ||No 0) Htyes please furish Scanned with CamScannerlac iro wasn oa Hi wily ov Peal Foponina| yoo tarnish Wo ropor eto toi aus sachin (2) | [0 200° (You) Myer pease his th ttlowing ets | () ¥hether roport hax been furnished by the assensen oF ity | J] Peettemty noe ntorsatnsoporing erty | {Ni of pert vty iy (i) Name Of ailernate reporting entity (i mpplicala | {hw Dale ct naiing ot repo. H tweak ofa expand of entienrogtred a nol nor arpuicanue st ronnie vlan a wren rok xpondnra a rxpoct of : Iso.) rotatamourt of CxpendtureIneuwred ding theyeat | lacuna reyiteredunnne aot] roaraduer OOF To goods or enivioos orompl Hom GOT eating wo nies tating under compostion scheme vit. [Reloing to ote rogeioved onion, ota payment to rogsieved onion For, Ashok Prajopatl & Co. + Chartered Accountants, Proprletor ‘or, Vahanvat! Pashu Aal Gotal Kiritgi Mahendragiri Proprietor ce : Dehgam Dote : 27/09/2024 Scanned with CamScannera REONT vevtex__[eevter | acetset sam. ov eeeT | TWiOL B0e Tee oa Lise LIGOE sevtty ‘Sev ziy = 4ST Keunpevy] [sar [ose [oswst | [ osest I rosest__[¥or | am COSTE Corset [ooosr — [oosst _] DOOEST_[ KOT ERECES eee = Taree [verve | [0586 i [cosas [xr | —someinbs dou (az vey [ole 1 [S6vee = T= Tseree [sr EET 7 ‘hep oat =sKepoar| 1 uuewp 559] uewp asoui i_so1pasni__105 pase] i spe wan SH || ig "ram [seam | San | Soll Pai IP Ai ll ore F waza |} “avson ||’ ontina |uvak5h1 5uninaNoun ontsop | -siauesa | oTiwa30 | >ntind [wk 3hl'SuMADKONTEGY Shao | MH Saninouuva THUOT GE FO TSNWID BT JO STVINO SHI ONIMOHS INSWSIVIS SAL '¥= SUMGNNY zz0z-t20e “AV T20z-020e “Ad WYDHIG'YVHYY NHSWd LVANVHYA 4 Scanned with CamScannerFrom: Vahanvati Pashu Aahar ‘At: GF 16,Axar Complex,Railway Railway Station Road, Dehgam,Gandhinagar,Gujarat.: Prop. Gosai Kiritgiri Mahendragiel PAN : BNEPG8210Q - 2021 - 2022 P.Y,- 2020-2021 Date : 25/08/2021 To, Ashok Prajapati & Co. Chartered Accountants 1387/1,Bhagat Flat, Ambli Ni Pole,Raipura Ahmedabad.380001 This is to cetify that our Firm \VAHANATI PASHU AAHAR did not make any payment exceeding Rs. 10000/- for any expenses as prescribed U/S 40( A) (3). Moreover our firm did not violate provisions contained in Section 2698S and 269 T . For, Vahanvati Pashu Aahar Gosai Kiritgiri Mahendragiri Proprietor Sentity that our oes wABANAT tac POP Re. 19000/-fer any export” Tr sr our Srm oid not y Scanned with CamScannerVANANVATL PASHU AAHAR VRADING AND PROFIT & L088 ACCOUNT FOR THE YEATCUNDED ON 915T MARCH, 2021 ANTICULANS: Mi PARTICULARS AMOUNT Yo Opening Stock GOT, Sa0 [hy Sales AZo 17,243,540 [Yo Purchave AZe 16,004,979 Yo Gross Profit cfd hy Closing Stock 801,200 TOVAL TOTAL 18,044,740 TO Accounting Foo EXP. 18,000 [ily Gross Profit b/d 1,438,821 To Auulit Fee Uxp, 6,000 To Bank Charges Exp, 15,870 | By Kasar A/c 48,345 [Yo Bank Interest Exp. WANA 96,545 frottectictyp, POP 32,270 To Insurance & Other Exp, 2,850 [To Mobile Exp, 6,310 To Other Ntise Exh. 28,890 To Salary Exp. 240,000 To Shop & Other Exp. 116,600 To Shop EXD, 8,520 To Stationary Exp, 9,525 To Travelling Exp. 12,250 To Vakil Fit Exp; 9,000 To Vehicle EXD. 9,775 To Wages Exp, 218,235 To Depriciation Exp. 231,432 Cina NP [To Net Protit |» 386,093 ‘As per oul feport of even date annexed herewi a] For, Vahanvatl Pashu Aahar Heh Hie CA Ashokbhal T, Prajapi Gosal Kiritgirl Mahendragiri Proprietor Proprietor MwNo, : 180179 Place : Ahmed Place; Dehgam +27/09/2021 Date : 27/09/2021 ont oral ho We Resoreai evra Bs with C9, Scanned with CamScanner\VAHANVATI PASHU AAHAR BALANCE SHEET AS ON 31ST MARCH, 2021 LIABILITIES SCH] AMOUNT ASSETS SCH| AMOUNT |Proprietor's Capital Fixed Assests 4 2,642,396 IGosai Kiritgiri Mahendragiri | 2 | 1,674,543 |Current Assets |Secured Loans = Closing Stock 801,200 = Bank of India.0029 863,168 | - Cash on Hand 324,861 - GST Credit 11,434 Current Laibilities |& Provisions = Sundry Creditors 2 | 1,209,180 ~~ Provisions 3 33,000 TOTAL 3,779,891 TOTAL ‘As per our report of even date annexed herewith, For, Ashok Prajapatl & Co: Chartered Accountants; eer’ shokbhai T. Prajapati Proprietor ~ M.No. :180179 For, Vahanvati Pashu Aahar Gosal Kiritgiri Mahendragiri Proprietor Place : Ahmedabad Place : Dehgam j Date:27/09/2021 Date : 27/09/2021 : Scanned with CamScannerVAHANVATI PASHU ARHAR,DEHGAM PLY. 2020-2021 __AY. 2021-2022 ‘[eapital A/c [SCHEDULE -3 [Gosal Kiritgi Mahendragir AMOUNT | — [Provisions ‘AMOUNT lOpening Balance 1,102,950| [Account Fee Payable 18,000 Jada: Profit of the year 386,093 | Audit Fee Payable 6,000 ladd : Addition 367,000] _|Vakil Fee Payable 9,000 Less : Withdrawl 181,500 TOTAL 33,000 TOTAL 1,674,543 SCHEDULE -4 SCHEDULE -2 Fixed Assets "AMOUNT [Sundry Creditors AMOUNT | — Furniture Ae 142,651 Bansi industries 796,795.00] _|Machinary A/c 381,308 Bhumi Industries 301,845.00] |New Land Purchase 522,000 Gujarat industries 291,848.00) shop A/c 1.485,000 Maruti industries © 318,695.00] shop Equipments 83,816 TOTAL 3,209,180] vehicle 27,621 s See anal TOTAL 2,642,396 Scanned with CamScannerNOTES TO THE ACCOUNTS ACCOUNTING POLICIES Method Of Accounting:- The accounting method adopted by the assessee is that of Mercantile Accounting system. Sales & Income ;- The sales are recorded when supply of goods takes place in accordance with the terms of sale and on change of ttle in the goods.The sales are shown at inclusive of Sales Tax, Excise duty and net of the discount on sales and sales return The commission and other income Is recognised to the extent and as and when considered/found receivable. Purchases & Expenses :- The purchases are recorded when delivery of goods takes place in accordance with the terms of sale and on change of title in the goods.The purchases are shon at inclusive of freight coctroi and incidental inward expenses, The major items of the expenses are accounted for on time /pro rata basis and necess any provision for the same are made.Gratuity expenses and leave encashment expenses are debited as and when paid. Invent payable on it. Inventories are valued at é0st 6F market value inclusive of excise duty and customs duty Fixed Assets and Depreciation Fixed assets are stated at cost less excise duty and the related expenses Depreciation isnot calculated at the written down value method. We have not received the opeing balance of W.D.V of assets as per the Income Tax Act’1961.Hence itis not possible for us to certify the current year depreciation avallable to the Assessee as per Income Tax Act'1961. “The investments'are stated'at cost'of acquisition Adjustment for increase/decrease in the value of investmentif diy, will be accounted for atthe time of realizations.interest on investment for P.F A/c are rot taken into account and informed that it will be credited into employees'P.F Account as and wheat received.” vm pure eee We have verified thé transsactions’ recorded in the books of account with such of the documentary evidences 2s were made available’and produced before us.Wherever such documentary evidences ‘were not availatilé,the entries auttrenitcated by the authorities have been accepted. “Allthe’closing'balarices of all debitand creitare subject to confirmation and reveonciliation. We conducted our ausit in accordance with auditing standards generally accepted in india. Those standard requiré that we plan aid perform aust to obtain reasonable assurance about whether the ‘nancial statements are free of material misstatement. An audit includes examing ona test basis evidence suppoiting the amounts and disclosures in the financial statements.An audit also includes assessing the accounting principles used and significant estimates made by management sewell as evaluating the overall financial statement presentation. We believe that our augit provides a reagonable basis for our opinion. espostility of preparation of financial staterient I ofthe management and not of auditor Ausitor’s responsibilityis to express an opinion on financl statements prepared by the management Detail Of Pavinedt Of Provident Fund! Deductéd And Paid : ‘As informed to us the assessee tiasits own scheme of Provident Fund and its rules and regulations are duly recognized by the Government and a per their scheme the assessee has deposite Scanned with CamScanner