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Computation Gajjan Singh 2024-25

Gajjan Singh, a resident of Punjab, filed his income tax return for the assessment year 2024-2025, reporting a total income of ₹2,76,000 with no tax payable due to agricultural income rebate. His business income from dairy manufacturing is ₹2,75,635, and he has additional interest income from bank accounts totaling ₹369. The return was filed on July 12, 2024, with an acknowledgment number of 672709600120724.

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35 views2 pages

Computation Gajjan Singh 2024-25

Gajjan Singh, a resident of Punjab, filed his income tax return for the assessment year 2024-2025, reporting a total income of ₹2,76,000 with no tax payable due to agricultural income rebate. His business income from dairy manufacturing is ₹2,75,635, and he has additional interest income from bank accounts totaling ₹369. The return was filed on July 12, 2024, with an acknowledgment number of 672709600120724.

Uploaded by

vishal.abrglobal
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We take content rights seriously. If you suspect this is your content, claim it here.
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Name of Assessee GAJJAN SINGH

Father's Name NISHAN SINGH


Address S/O NISHAN SINGH,VILLAGE MEHMAN,FEROZEPUR,PUNJAB,152002
E-Mail [email protected]
Status Individual Assessment Year 2024-2025
Ward Year Ended 31.3.2024
PAN LSNPS5129N Date of Birth 28/10/1997
Residential Status Resident Gender Male
Nature of Business MANUFACTURING-Manufacture of dairy products(04005)
Filing Status Original
Return Filed On 12/07/2024 Acknowledgement No.: 672709600120724
Last Year Return Filed On 12/07/2024 Acknowledgement No.: 672617800120724
Last Year Return Filed u/s Normal
Aadhaar No: 344440390950 Mobile No Linked with
Aadhaar:
Bank Name PUNJAB NATIONAL BANK, , A/C NO:85360100076202 ,Type: Saving ,IFSC:
PUNB0PGB003
Tele: Mob:9463890632

Computation of Total Income [As per Section 115BAC (New Tax Regime)]

Income from Business or Profession (Chapter IV D) 2,75,635


Income u/s 44AD 2,75,635

Profit as per Profit and Loss a/c 0

Income from Other Sources (Chapter IV F) 369

Interest From Saving Bank A/c(as per Annexure) 267


Interest on F.D.R.(as per Annexure) 102
369

Gross Total Income 2,76,004

Less: Deductions (Chapter VI-A)


0
Total Income 2,76,004
Round off u/s 288 A 2,76,000
Agriculture Income 2,89,144
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Gross Tax Payable 13,257


Rebate Agriculture Income 13,257
Tax Due (Exemption Limit Rs. 300000) 0
Tax Payable 0
Due Date for filing of Return July 31, 2024
Income Declared u/s 44 AD
Gross Receipts/Turnover 356236.00
Deemed Profit 28498.88 8.00 %
Net Profit Declared 275635.00 77.37 %
NAME OF ASSESSEE : GAJJAN SINGH A.Y. 2024-2025 PAN : LSNPS5129N Code :1089

Bank Account Detail


S. No. Bank Address Account No MICR NO IFSC Code Type
1 PUNJAB NATIONAL BANK 85360100076202 PUNB0PGB003 Saving(Primary)
2 HDFC BANK 50100332101694 HDFC0003009 Saving

Details of Interest From Bank


S.NO. PARTICULARS AMOUNT
1 HDFC BANK LIMITED 267
TOTAL 267

Details of Interest on F.D.R.


S.NO. PARTICULARS AMOUNT
1 HDFC BANK LIMITED 102
TOTAL 102

Details of Taxpayer Information Summary (TIS)


S.NO INFORMATION CATEGORY DERIVED As Per Computation Difference
. VALUE(Rs.)
1 Dividend 0
2 Interest from deposit 102 Interest on FDR 102 NIL
3 Interest from savings bank 267 Interest from saving bank 267 NIL
a/c
Business receipts Total Gross 356236
Receipts/Turnover (44AD)
356236 356236

Detail of assets and income given in return form


Balance Sheet
Liabilities Assets
S.No Particulars Amount S.No Particulars Amount
1. Partner/Member 0 1 Fixed Assets 0
capital
2. Secured Loans 0 2. Inventories 0
3. Unsecured Loans 0 3. Sundry debtors 0
4. Advances 0 4. Balance with banks 0
5. Sundry Creditors 0 5. Cash in hand 16000
6. Other liabilities 0 6. Loan and advances 0
7. Other Assets 0
Total 0 Total 16000

Signature
(GAJJAN SINGH)
Date-12.07.2024
CompuTax : 1089 [GAJJAN SINGH]

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