LALIT R.

JAIN HUF
ROAD NO. 1, 2ND FLOOR,
SHREY BLDG., DUWLAT NAGAR,
BORIVALI (E) MUMBAI 400 066

ACCOUNTING YEAR ENDED : 31ST MARCH 2021

ASSESSMENT YEAR : 2021 - 2022 P.A.N: AABHL6629P
STATUS : H.U.F RESIDENTIAL STATUS : RESIDENT

STATEMENT OF TOTAL INCOME AMOUNT

1. INCOME FROM BUSINESS

NET PROFIT AS PER PROFIT & LOSS ACCOUNT 544,229
(BHAWANI JEWELLERS)

2. INCOME FROM OTHER SOURCES

BANK (SAVINGS) 611

GROSS TOTAL INCOME 544,840

LESS: DEDUCTION UNDER CHAPTER VI A

U/S 8TTA : SAVIN BANK INT 611
U/S 80C: LIC 132,386 132,997

TOTAL INCOME 411,843

R/OFF 411,840
NOTES :
1. TAX PAYABLE 8,092

ADD: EDUCATION CESS @ 4% 324

BALANCE PAYBLE 8,416

LESS : ADVANCE TAX 15,000

REFUND DUE (6,584)

2. GENERAL PARTICULARS

NAME : BHAWANI JEWELLERS

ADDRESS : SAME AS ABOVE

NATURE OF BUSINESS : RETAILER IN GOLD \ SILVER JEWELLERY

DIAMOND JEWELLERY
BHAWANI JEWELLERS
(PROP. LALIT R. JAIN HUF)

PROFIT & LOSS ACCOUNT AS ON 31ST MARCH 2021

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO OPENING STOCK 5,711,704 BY SALES 1,527,306

TO PURCHASES 567,920 BY CLOSING STOCK 5,818,475
TO LABOUR CHG (P) 41,722
TO BANK CHGS 482
TO ACCOUNTING CHGS 30,000
TO GST LATE FEES 200
TO DEPRECIATION 2,528
TO INSURANCE EXPS 29,000
TO ELECTRICITY CHGS 3,450
TO INTEREST ON LOAN 338,779
TO OFFICE EXP 12,038
TO CONVEYANCE EXPS 12,671
TO TELEPHONE EXPS 3,600
TO ROUND OFF 19
TO MAINTENANCE CHGS 47,439

TO NET PROFIT TRANSFERRED TO 544,229

CAPITAL ACCOUNT

TOTAL 7,345,781 TOTAL 7,345,781

CAPITAL ACCOUNT AS ON 31 ST MARCH 2021

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO DRAWINGS 12,000 BY BALANCE B/D 1,540,417

BY NET PROFIT TRANSFERRED
TO CAPITAL WITHDRAWAL 100,000 FROM PROFIT & LOSS A/C 544,229

TO BALANCE C/D 1,972,646

TOTAL 2,084,646 TOTAL 2,084,646

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BHAWANI JEWELLERS
(PROP. LALIT R. JAIN HUF)

BALANCE SHEET AS ON 31 ST MARCH 2021

LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT 1,972,646 FIXED ASSETS

CYCLE (HERCULES) 1,216
UNSECURED LOANS ELECTRONIC WEIGHING SCAL 7,052
BHAGWAN SINGH T. DEOVRA 766,311 VIDEOCON LCD 2,065
LALIT R JAIN 2,196,447 MOBILE 8672
NILU L. JAIN 455,739 CLOSING STOCK 5,818,475
RUPALAL JAIN 1,450,801 LOANS & ADVANCES
SHOP DEPOSIT 18,500
CHANDAN SINGH 25,000
GST C\F 544
PROVISION FOR EXPENSES MAZA SALOON AND MEN & WOMEN 1,000,000
ACCOUNTING CHGS. 30,000 ADVANCE FROM CUSTOMER (130,159)
ELECTRICITY CHGS 3,450 CASH & BANK BALANCE
TELEPHONE CHGS 3,600 CASH IN HAND 77,522
SVC CO-OP BANK LTD 50,107

TOTAL 6,878,994 TOTAL 6,878,994

0
LALIT R. JAIN HUF

CAPITAL ACCOUNT AS ON 31 ST MARCH 2021

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO DRAWINGS 12,206 BY BALANCE B/D 4,761,270

TO ADVANCE TAX 15,000 BY NET PROFIT TRANSFD. FROM
TO LIC OF INDIA 132,386 BY P & L A/C (BHAWANI JEWELLERS) 544,229
BY BANK INT 611
TO BALANCE C/D 5,146,518

TOTAL 5,306,110 TOTAL 5,306,110

BALANCE SHEET AS ON 31 ST MARCH 2021

LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT 5,146,518 FIXED ASSET

GOLD 12,501
INVESTMENT IN BHAWANI JEW. 1,972,646
O ASSETS 3,155,381
CASH & BANK BALANCES
CASH IN HAND 2,122
PUNJAB & SIND BANK (37655) 3,868

TOTAL 5,146,518 TOTAL 5,146,518

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