A.Y.

2022-2023

Name : Atul Shankar Prabhune P. Y. : 2021-2022

Father's Name : Shankar Prabhune P.A.N. : AAVPP 4384 M
Address : Prestige Plaza D.O.B. : 18-Aug-1963
NB.BP. Ro
Status : Individual
Akurdi, Pune - 411 035

Aadhaar: 6334 8173 1428

Resident
Statement of Income
Sch.No Rs. Rs. Rs.

Income from House Property

Self occupied properties
Property-1: FLAT AT OM RELATOR 1

Gross annual value u/s 23(2)(a) NIL

Less:Interest on borrowed capital u/s 24(b) 2 2,00,000
Income from self occupied properties -2,00,000
Let-out properties
Property-1: Flat 8, Ganga Sidhivinayak Prabha 3

Description Amount
Rent 48,000
Gross annual value 48,000
Less: Municipal taxes NIL
Net annual value 48,000
Less: Standard deduction u/s 24(a) 14,400
Net Income from Property-1 33,600
Property-2: Flat 205 Chakan 4

Description Amount
RENT 36,000
Gross annual value 36,000
Less: Municipal taxes 45,142
Net annual value -9,142
. Interest on borrowed capital u/s 24(b) 5 45,142 45,142
Net Income from Property-2 -54,284
Property-3: FLAT NO.10, SIDDHIVINAYAK 6

Description Amount
RENT 1,61,000
Gross annual value 1,61,000
Less: Municipal taxes NIL
Net annual value 1,61,000
Less: Standard deduction u/s 24(a) 48,300
Net Income from Property-3 1,12,700
Income chargeable under the head "House Property" -1,07,984

... 2
 2
Atul Shankar Prabhune Asst year: 2022-2023

Profits and gains of Business or Profession

Income from partnership firm Sai Packaging Industries 7 26,51,735
Business-1
Net Profit Before Tax as per P & L a/c 33,44,591
Add: Inadmissible expenses & Income not included
Depreciation debited to P & L a/c 1,83,229
35,27,820
Less: Deductible expenditure & income to be excluded
Incomes considered separately 8 28,58,481
Adjusted Profit of Business-1 6,69,339
Total income of Business and Profession 33,21,074
Less: Depreciation as per IT Act 13 1,83,230
Income chargeable under the head "Business and 31,37,844
Profession"
Income from other sources
Interest income 9 47,126
LIC 22,400
Income chargeable under the head "other sources" 69,526

Gross Total Income 30,99,386

Deductions under Chapter VI-A
80D: Medical Insurance Premia 10 25,000
80TTA: Interest on Saving a/c 10,000
Investment u/s 80C, CCC, CCD
Housing loan repayment 3,88,243
Life insurance premium 1,05,870
Deduction subject to ceiling u/s 80CCE 1,50,000 1,85,000
Total Income 29,14,386
Total income rounded off u/s 288A 29,14,390
Tax on total income 6,86,817
Add: Cess 27,473
Tax with cess 7,14,290
Net Tax 7,14,290
TDS 11 1,02,680
Advance Tax 12 3,50,000
Total prepaid taxes 4,52,680
Balance Tax 2,61,610
Interest u/s 234A 2,616
Interest u/s 234B 20,928
Interest u/s 234C 13,383
Fee u/s 234F 5,000 41,927
Balance tax payable 3,03,540

... 3
 3
Atul Shankar Prabhune Asst year: 2022-2023

Schedule 1
Details of the property
FLAT AT OM RELATOR, PUNE-411018, Maharashtra
Details of Owner
Owner Self
Assessee's share in the property (%) 100

Schedule 2
Interest on Borrowed Capital
Particulars Amount
INTEREST 2,00,000
Total 2,00,000

Schedule 3
Details of property
Flat 8, Ganga Sidhivinayak Prabha, Nigdi, Pune-411044,
Maharashtra
Details of Owner
Owner Self
Assessee's share in the property (%) 100

Schedule 4
Details of property
Flat 205 Chakan, Chakan, Pune-410501, Maharashtra
Details of Owner
Owner Self
Assessee's share in the property (%) 100

Schedule 5
Interest on Borrowed Capital
Particulars Amount
INTEREST 45,142
Total 45,142

Schedule 6
Details of property
FLAT NO.10, SIDDHIVINAYAK
Details of Owner
Owner Self
Assessee's share in the property (%) 100

... 4
 4
Atul Shankar Prabhune Asst year: 2022-2023

Schedule 7
Income from partnership firm
Name: Sai Packaging Industries
PAN AAEFS1046A
Whether Firm is liable for audit? Yes
Whether Section 92E is applicable to the Firm? No
Capital Balance on 31st March 1,83,61,723
Share of Profit (%) 60
Share of Profit - exempt u/s 10(2A) 22,56,774
Taxable income
Interest on capital 17,71,735
Salary 8,80,000
Gross Taxable income 26,51,735
Net Taxable income 26,51,735

Schedule 8
Amount
Others
Interest from partnership firm 17,71,735
Salary from partnership firm 8,80,000
Income considered under other heads
Rent received 1,61,000
Interest received 45,746
Grand total 28,58,481

Schedule 9
Interest income (other than NSC/KVP interest)
Name of the Bank Interest
Interest on Time Deposits
Canara Bank 891
Central Bank of India 489
Total 1,380
Interest on Savings a/c (80TTA)
HDFC Bank 904
Corporation Bank 3,061
Central Bank of India 35,850
ICICI Bank 1,049
IDBI Bank 3,224
Canara Bank 650
KOTAK 1,008

... 5
 5
Atul Shankar Prabhune Asst year: 2022-2023

Total 45,746
Taxable Interest 47,126

Schedule 10
80D-Medical Insurance Premium/Contribution,
Medical expenses, etc.
In respect of Parents Insurance Medical Health check-up
Premium expenses
In respect of Self / Family
Others 25,000
Total 25,000

Total Deductible amount 25,000

Schedule 11
TDS as per Form 16A
Deductor, TAN TDS TDS claimed Gross receipt
deducted in current year offered
Avadhoot Paper Products, TAN- MUMA02275A 1,02,680 1,02,680 20,53,606
Canara Bank, TAN- BLRC19653E 0
Central Bank Of India, TAN- PNEC05738F 0
Total 1,02,680 1,02,680 20,53,606

Schedule 12
Advance tax paid
Name of the Bank and BSR Code Date of deposit Challan Sl.no. Amount
Union Bank of India-0290179 14-Jun-2021 24368 1,00,000
Union Bank of India-0290179 14-Sep-2021 24975 25,000
Union Bank of India-0290179 15-Dec-2021 32480 1,25,000
Union Bank of India-0290179 15-Mar-2022 25014 1,00,000
Total tax 3,50,000

Income with full exemption

Income Section Amount
Share of profit from partnership 10(2A) 22,56,774
Total exempt income 22,56,774

Bank A/c: SYNDICATE BANK 53222010030280 IFSC: SYNB0005322

Date : 29-Nov-2022
Place : Pune (ATUL SHANKAR PRABHUNE)