LALIT R.

JAIN
110/111, MAHAVIR MARKET,
195/197, ZAVERI BAZAR,
MUMBAI-400002

ACCOUNTING YEAR ENDED : 31 MARCH 2020

ASSESSMENT YEAR : 2020 -2021 P.A.N : AEUPJ 9590 A
STATUS : INDIVIDUAL RESIDENTIAL STATUS :ORDINARY RESIDENT

STATEMENT OF TOTAL INCOME AMOUNT

1 INCOME FROM HOUSE PROPERTY

RENT RECD (RESI) 190,000
LESS: DEDUCTION @ 30% 57,000 133,000

2 INCOME FROM BUSINESS

NET INCOME AS PER INCOME & EXPENDITURE ACCOUNT 398,630

3 . INCOME FROM OTHER SOURCES

FDR INT 4,052
BANK INTEREST 3,556 7,608

GROSS TOTAL INCOME 539,238

LESS : DEDUCTION UNDER CHAPTER VI-A

U/S 80C : LIC of india 150,000
U/S 80D : MEDICLAIM 18,929
U/S 80TTA : SAVING BANK INT, 3,556 172,485

TOTAL INCOME 366,753

R/OFF 366,750
NOTES :
1. TAX PAYABLE 5,838

LESS: REBATE U/S 87A 5,838

REFUND DUE -
LESS: TDS RECD 1,074
LESS: ADVANCE TAX 20,000
REFUD DUE (21,074)
2 . GENERAL PARTICULARS

NAME : SHREE PARASMANI

ADDRESS : AS ABOVE

NATURE OF BUSINESS : MANUFACTURERS & DISTRIBUTORS OF GOLD

ORNAMENTS & BRANDED GOLD PLATED ITEMS
BOOKS OF ACCOUNT MAINTAINED
ALL NECESSARY BOOKS

METHOD OF STOCK VALUATION

AT :COST OR MARKET VALUE WHICHEVER IS
LESS

BRANCHES : NIL

3 . LIC REFUND OF RS.522606/-IS EXEMPT U/S 10 (2D)

SHRI PARASMANI
( PRO. LALIT R JAIN)

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO OPENING STOCK 7,379,143 BY SALES 1,095,650

TO PURCHASES 1,142,260 BY CLOSING STOCK 8,128,320
TO LABOUR CHGS (D) 126,965 BY BANK INTEREST 47
TO CONYEYANCE EXPS 5,440 BY LABOUR RECD 126,965
TO ACCOUNTS CHGS 24,000
TO BANK CHARGES 1,699
TO DEPRECIATION 48,607
TO LATE FEES 290
TO ELECTRICITY CHGS 96,983
TO DISCOUNT (1)
TO ROUND OFF 2
TO TELEPHONE EXPS 964
TO RENT, RATES & TAXES 126,000

TO EXCESS INCOME OVER

EXPEND TRASF CAPITAL A/C 398,630

TOTAL 9,350,982 TOTAL 9,350,982

-

CAPITAL ACCOUNT AS ON 31ST MARCH 2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO DRAWINGS 120,000 BY BALANCE B/D 440,931

TO LIC 262,928 BY NET INCOME TRANSFERRED FROM
TO ADVANCE TAX 20,000 INCOME & EXPENDITURE ACCOUNT 398,630
TO MEDICLAIM 18,929 BY INCOME TAX REFUND 13,446
TO TDS RECD 1,074 BY CAPITAL TRANSFER 560,000

TO BALANCE C/D 990,075

TOTAL 1,413,006 TOTAL 1,413,006

SHRI PARASMANI
( PRO. LALIT R JAIN)

BALANCE SHEET AS ON 31ST MARCH 2020

LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT 990,075 FIXED ASSETS

ACTIVA 28,215
LAPTOP 10,044
SECURED LOAN AC 269
CHOLAMANDALAM FINCER (178,481) BIKE 2,451
MOBILE 15,171
MOTOR BIKE 19,607
UNSECURED LOANS NEW MOTOR CAR 171,788
HAGMIBAI H JAIN 210,200 STOCK IN HAND 8,128,320
LAXMAN KUMAR 196,219 (GOLD 2507.595 GMS)
PUSHPABAI M JAIN 210,199 LOANS & ADVANCES
RUKMANI R JAIN 325,863 GST C/F 43,421
RUPAL JAIN 6,475,786 VAT REFUND 11,014
NEELU L JAIN 120,000 SUNDRY DEBTORS
PROVISION FOR EXPS CHODANKAR JEWELLERS (DAHISAR) (103,000)
ACCOUNTS FEES 14,850 GUNJAN JEWELLERS PVT LTD 50,001
AUDIT FEES 28,278 KALINGA JEWELLERS (ZAVERI BAZAR) 56,239
ELECTICITY 5,550 NAMIT GOLD 77
SUNDRY CREDITORS SIDDHIK GOLD 55,389
SHREE AMBIKA JEWELLERS(KANDIVALI) 104,998 SOUTH INDIA JEWELLERS 20,611
AJEET KUMAR MAJI (L) 126,965 CASH & BANK BALANCE
AMRISH RASIKLAL SHAH (17,052) CASH IN HAND 8,932
J.K. DIAMOND INSTITUTE OF GEMS 55,000 BANK OF INDIA 20,333
M M TELECOM (1,078) KOTAK MAHINDRA BANK 128,490

TOTAL 8,667,372 TOTAL 8,667,372

0
LALIT R. JAIN

CAPITAL ACCOUNT AS ON 31ST MARCH 2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO DRAWINGS 136,994 BY BALANCE B/D 6,527,342

TO LIC 262,928 BY PROFIT FROM PARASMANI 398,630
TO ADVANCE TAX 20,000 BY BANK INTEREST RECD 3,556
TO BANK CHGS 244 BY FDR INT 4,052
TO LOKER RENT 1,770 BY RENT RECD (RESI) 190,000
TO MEDICLAIM 18,929 BY IT REFUND 13,446
TO ELECTRICITY CHGS 28,550 BY LIC REFUND 522,606
TO TDS RECD 1,074
TO MAINTENANCE CHGS 46,162

TO BALANCE C/D 7,142,981

TOTAL 7,659,632 TOTAL 7,659,632

-

BALANCE SHEET AS ON 31ST MARCH 2020

LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT 7,142,981 FIXED ASSET

FLAT 550,000
SECURED LOAN SHOP (1/2 ) 689,200
LIC LOAN 1,082,750 INVESTMENT
INVESTMENT IN SHREE PARASMANI 990,075
SHARES 10,139
UNSECURED LOAN LOANS & ADVANCES
DHARAMCHAND JAIN 223,162 BHAWANI JEWELLERS 1,695,677
PRADEEP MOTILAL 126,777 RUPLAL JAIN 10,000
ROOPLAL SINGHVI HUF 930,555 NEELU L JAIN 200,000
PANJAB NATIONAL BANK(DEPOSIT) 65,033
RUKMANI R JAIN (1/2) 596,742
OTHER ASEETS 4,222,065
CASH & BANK BALANCE
PUNJAB NATIONAL BANK 50,486
CASH IN HAND 426,808

TOTAL 9,506,225 TOTAL 9,506,225