SK TRADERS AY 2022-23 (i.e.

FY 2021-22)
Address 2, DHINCHDA B.O, JAMNAGAR, GUAJRAT - 361009

Computation of Income (ITR-4)

PAN : GDCPK9841N Aadhar : 75xxxxxx5570
DOB : 15/05/1990 Status : Individual
Father's Name : OSAMAN KHIRA

Tax Summary (Amount in 'Rs.')

Income from Salary 161,800.00
Income from House Property 100,440.00
Income from Business & Profession 366,949.00
Income from Capital Gains 120.00
Income Other Sources 8,320.00
Gross Total Income 637,629.00
Less : Total Deductions 78,060.00
Total Income 559,569.00
Total Income (Rounded-Off) 559,570.00
Total Income Taxable as per slab rate 559,450.00 Tax Liability 24,390.00
Total Income Taxable at special rate 120.00 Tax Liability 18.00
Tax Liability (Total) 24,408.00
Less : Rebate u/s-87A (upto Rs. 12,500) -
Tax Liability without Cess 24,408.00
Add : Cess @ 4% 976.00
Total Tax Liability 23,432.00
Add : Interest u/s-234A/B/C -
Add : Late-Fee u/s-234F -
Total Tax, Cess, Interest & Late-Fee 23,432.00
Less : Prepaid Taxes
(i) Advance Tax / Self Assessment Tax 23,430.00
(ii) TDS / TCS -
Tax Payable / (Refundable) -
Tax Payable / (Refundable) Rounded-Off -

DETAILS OF INCOME
SALARY
Particulars Total Amount
Gross Salary Received from Tax Solutions, Delhi-110092 252,000.00
Less : Allowances & Exemptions
HRA u/s-10(13A) 37,800.00
Standard Deduction u/s-16(ia) 50,000.00
Professional Tax u/s-16(iii) 2,400.00
Taxable Salary 161,800.00

HOUSE PROPERTY (RENTAL INCOME)

Particulars Total Amount
Gross Rent Received/Receivable 144,000.00
Less : House Tax / Municipal Tax 360.00
Less : Standard Deduction 43,200.00
Less : Interest on Home Loan -
Net Annual Value (N.A.V.) 100,440.00

BUSINESS & PROFESSION

Nature of Business Income Type Business Code Trade Name
Retail Sale Income u/s-44AD 09028 SRI RAM TRADERS
Particulars Digital Transaction Non-Digital Transaction Total Amount
Gross Receipts - 3,100,000.00 3,100,000.00
Presumptive Income u/s-44AD - 366,949.00 366,949.00

CAPITAL GAINS
Particulars STCG LTCG Total Amount
Sales Consideration 1,000.00 - 1,000.00
Less : Cost of Acquisition 880.00 - 880.00
STCG/LTCG 120.00 - 120.00

OTHER SOURCES
Particulars Total Amount
Interest from Savings Bank A/c 260.00
Interest from Deposits 8,060.00
Other Misc. Income -
Total 8,320.00

DEDUCTIONS
Section Amount Deductible Amount
80C 151,000.00 60,000.00
80D 17,800.00 17,800.00
80TTA 260.00 260.00
Total 169,060.00 78,060.00
 SK TRADERS
PROP: SALMABEN KHIRA
Address: 2, DHINCHDA B.O, DHINCHDA, JAMNAGAR, GUJARAT- 361009

Trading & Profit & Loss A/c for the year ended 31st March 2022

Particulars Amount Particulars Amount

To Opening Stock 210000.00 By Sales 3100000.00
To Purchases 2542000.00
To Gross Profit 658000.00 By Closing Stock 310000.00
3410000.00 3410000.00
To Salary & Wages 151000.00 By Gross Profit 658000.00
To Rent 91000.00
To Staff Welfare 3100.00
To Bank Charges & Interest 151.00
To Festival Exps 5100.00
To Power & Fuel 6000.00
To ITR & Legal Filings 12000.00
To Printing & Stationary 1500.00
To Mobile & Wi-Fi 9100.00
To Travelling & Conveyance 11000.00
To Misc. Charges 1100.00
To Net Profit 366949.00
658000.00 658000.00

For SK Traders

SALMABEN KHIRA
(Proprietor)
 SCHEDULES FORMING PART OF BALANCE SHEET AY : 2022-23
FY : 2021-22
Capital Account of : SK TRADERS PROP: SALMABEN KHIRA
Annexure - 1
Particulars Amount (Rs.)
Opening Balance 499541.00
Add : Introduction 0.00
Add : Profit (C.Y.) 637629.00
Total 1137170.00
Less : Drawings 210000.00
Closing Balance 927170.00

Schedule of Depreciation as per Income Tax Act, 1961

Annexure - 2
Addition Addition
Particulars Opening
Rate WDV for more for less Deletion Total (Rs.) Depreciati Closing
(Rs.) than 180 than 180 (Rs.) on (Rs.) WDV (Rs.)
days (Rs.) days (Rs.)
Furniture & Fixtures 10% 210000.00 0.00 0.00 0.00 210000.00 21000.00 189000.00
Mobile 15% 8100.00 0.00 0.00 0.00 8100.00 1215.00 6885.00
Bike 15% 51000.00 0.00 0.00 0.00 51000.00 7650.00 43350.00
Equipment for Work 15% 11000.00 2100.00 0.00 0.00 13100.00 1965.00 11135.00
Total 280100.00 2100.00 0.00 0.00 282200.00 31830.00 250370.00

For SK Traders

SALMABEN KHIRA
(Proprietor)
 SK TRADERS
PROP: SALMABEN KHIRA
Address: 2, DHINCHADA B.O, DHINCHADA, JAMNAGAR, GUAJRAT - 361009
BALANCE SHEET
(as on 31-03-2022)

LIABILITIES Details (Rs.) Amount (Rs.) ASSETS Details (Rs.) Amount (Rs.)
Capital A/c Fixed Assets
Proprietor's Fund 927170.00 927170.00 Gross Block (Anx.-2) 282200.00
(Anx.-1) Less : Dep. (Anx.-2) 31830.00 250370.00

Lonas & Liabilities Deposits & Investments

Secured Loans : 0.00 0.00 F.D./R.D./Deposits 101000.00
Unsecured Loans : 0.00 0.00 Other Assets 21000.00 122000.00

Current Liabilities Current Assets

Sundry Creditors 151000.00 Stock in Trade 310000.00
Salary Payable 5100.00 Sundry Debtors 251000.00
Misc. Payables 1100.00 157200.00 Cash and Bank 151000.00 712000.00

Total 1084370.00 Total 1084370.00

FOR SK TRADERS

SALMABEN KHIRA
(Proprietor)