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    Rahul Kumar filed his original income tax return for the 2023-2024 assessment year. He reported a total income of Rs. 478880 which included a profit of Rs. 478880 from business and profession. This included a profit of Rs. 243644 declared under section 44AD and an income from profession of Rs. 235236. After computing the tax payable as Rs. 11444, Rahul was eligible for a rebate and had a net tax of Rs. 0 after including cess but before any interest charges.

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    Rahul Kumar filed his original income tax return for the 2023-2024 assessment year. He reported a total income of Rs. 478880 which included a profit of Rs. 478880 from business and profession. This included a profit of Rs. 243644 declared under section 44AD and an income from profession of Rs. 235236. After computing the tax payable as Rs. 11444, Rahul was eligible for a rebate and had a net tax of Rs. 0 after including cess but before any interest charges.

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    15 views10 pages

    Ilovepdf Merged

    Uploaded by

    knowthebest787
    Rahul Kumar filed his original income tax return for the 2023-2024 assessment year. He reported a total income of Rs. 478880 which included a profit of Rs. 478880 from business and profession. This included a profit of Rs. 243644 declared under section 44AD and an income from profession of Rs. 235236. After computing the tax payable as Rs. 11444, Rahul was eligible for a rebate and had a net tax of Rs. 0 after including cess but before any interest charges.

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    NAME OF ASSESSEE : RAHUL KUMAR

    PAN : IBYPK3171D
    FATHER'S NAME : NAWAB SINGH
    RESIDENTIAL ADDRESS: JANDEHRA SAMASPUR SAHARANPUR , 31-Uttar Pradesh , 91-INDIA ,
    247451
    STATUS : INDIVIDUAL ASSESSMENT YEAR : 2023 - 2024
    WARD NO : WARD 1(3)(2) FINANCIAL YEAR : 2022 - 2023
    SEX : MALE DATE OF BIRTH :10/03/1995
    RESIDENTIAL STATUS : RESIDENT
    NATURE OF BUSINESS : PROFESSION & BUSINESS
    METHOD OF : MERCHANTILE
    ACCOUNTING
    RETURN : ORIGINAL

    COMPUTATION OF TOTAL INCOME

    PROFITS FROM BUSINESS & PROFESSION 478880

    PROFIT U/S 44AD –


    PROFIT DECLARED U/S 44AD 243644
    INCOME FROM PROFESSION- 235236

    GROSS TOTAL INCOME 478880

    LESS DEDUCTIONS UNDER CHAPTER-VIA


    80C DEDUCTION NIL
    TOTAL DEDUCTIONS NIL
    TOTAL INCOME 478880
    TOTAL INCOME ROUNDED OFF U/S 288A 478880

    COMPUTATION OF TAX ON TOTAL INCOME


    TAX ON RS 478880 11444
    TAX ON RS 478880 11444

    LESS : REBATE U/S 87A 11444


    NIL
    ADD: HEALTH &EDUCATION CESS @ 4%
    NIL
    NIL
    ADD: INTEREST U/S-234A-234B-234C
    NIL
    ROUND OFF TAX NIL
    TAX PAID NIL
    REFUND NIL

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