COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND 409200

PROFESSION

PROFIT U/S 44AD - INCOME FROM BUSINESS

PROFIT DEEMED U/S 44AD @ 8% OF RS. 1688000 135040
PROFIT DECLARED U/S 44AD 409200
PROFIT (HIGHER OF THE ABOVE) 409200
INCOME FROM OTHER SOURCES 419
BANK INTEREST ( SAVING A/C) 419
TOTAL 419

GROSS TOTAL INCOME 409619

LESS DEDUCTIONS UNDER CHAPTER-VIA

80TTA INTEREST ON DEPOSITS IN SAVINGS ACCOUNT 419
TOTAL DEDUCTIONS 419
TOTAL INCOME 409200
TOTAL INCOME ROUNDED OFF U/S 288A 409200

COMPUTATION OF TAX ON TOTAL INCOME

TAX ON RS. 250000 NIL
TAX ON RS. 159200 (409200-250000) @ 5% 7960
TAX ON RS. 409200 7960
7960
LESS : REBATE U/S 87A 7960
TAX PAYABLE NIL

Financial Particulars of Business

Sundry creditors 48600
Total capital and liabilities 48600
Inventories 97500
Sundry debtors 64200
Cash-in-hand 52450
Total assets 214150