Copmputation of Income

Name of Assessee
PAN of Assessee
ADDRESS
Financial Year
Assessment Year

Particulars

Net Profit as per PL

Gross Total Income

Net Taxable Income

round off

Tax Liability@30%
Education Cess

Interest 234A/B/C

TDS Deducted/TCS Receivables

Other Income
Tax Payable/(Refund)
Round off
Copmputation of Income
M/S UTKAL PLUMBING SYSTEM

2023-2024
2024-2025

Amount

(1,428,267)

(1,428,267)

(1,428,267)
(1,428,263)

(428,479)
(17,139)
(445,618)
-

(445,618)
(445,617)

M/S UTKAL PLUMBING SYSTEM

Prop.
 AIS
GST TURNOVER
GST PURCHASE
BUSINESS RECEIPTS

26AS
TDS TRANSACTION AMOUNT
TDS DEDUCTED
M/S UTKAL PLUMBING
SYSTEM
Provisional Statements Of Profit & Loss Account
for the year ended 31st March, 2024

Particulars Amount Particulars Amount

Op. Stock 12,130,800 Sales 46,263,562
Purchase 29,012,604 Direct Income -
Direct Exp. 3,146,739 Closing Stock -
Gross Profit 1,973,419
4% #REF!
Total 46,263,562 Total 46,263,562
-4,880,489.48
STAFF WELFARE 11,653 Gross Profit 1,973,419
Administraton Charges on EPF 6,599
Bank Charges 15,757 Other Income 83,901
Car Insurance 24,500
CGTMSE FEE 60,451
Conveyance Expenses 55,000
Employer Cont. in EPF 5,625
EPF Penality Charges 4,514
Freight & Forwarding Charges 186,349
Freight & Forwarding Charges(RCM) 63,100
INTEREST ON LOAN 1,106,184
INTERGLOBE AVIATION LIMITED (5,647)
Labour Welfare Cess 181,703
LOAN PROCESSING FEES (26,399)
Miscellaneous Expenses 18,242
Office Maintenance Expenses 971
OIL & PETROL 33,725
Printing & Stationery 19,323
Professional Exp 93,780
Repair & Maintenance 250
Repair & Maintenance (Computers) 5,450
Repair & Maintenance (Machinery) 9,406
Repair & Maintenance (Vehicle) 11,392
Rounded Off (39)
Salary 1,104,842
Service Charges Paid 23,671
Software Expsense 13,220
Staff Welfare Expenses 6,123
Telephone Expenses 3,200
Tour & Travelling Expenses 69,946
Travelling expenses 200,885
Water & Electricity Expenses 181,811
Net Loss (1,428,267)
Total 2,057,320 Total 2,057,320

M/S UTKAL PLUMBING SYSTEM

ANIRUDHA JENA
Prop.
 M/S UTKAL PLUMBING SYSTEM

For the period ended 31st

March, 2024
Rs.

10 - Sales
Sales 46,263,562
46,263,562

Direct Incomes -
-

Op. Stock 12,130,800

12,130,800

Cl.Stock -
-
11 - OTHER INCOMES
Bank Interest 9,901
Rental Income 84,000
Misc Income (10,000)
83,901

12 - Purchases
Opening Stock
Purchases 29,012,604
Discount received on Purchases -
Purchase return less -
Less Closing Stock -
29,012,604

12 - Direct Expenses
Employer ESI Contribution 28,743
Employer's Cont. Payable in EPF 216,925
SITE EXPENSES 259,747
Wages And Salary 2,641,324
3,146,739

13 - ADMINISTRATIVE EXPENSES

STAFF WELFARE 11,653

Administraton Charges on EPF 6,599
Bank Charges 15,757
Car Insurance 24,500
CGTMSE FEE 60,451
Conveyance Expenses 55,000
Employer Cont. in EPF 5,625
EPF Penality Charges 4,514
Freight & Forwarding Charges 186,349
Freight & Forwarding Charges(RCM) 63,100
INTEREST ON LOAN 1,106,184
INTERGLOBE AVIATION LIMITED (5,647)
Labour Welfare Cess 181,703
LOAN PROCESSING FEES (26,399)
Miscellaneous Expenses 18,242
Office Maintenance Expenses 971
OIL & PETROL 33,725
Printing & Stationery 19,323
Professional Exp 93,780
Repair & Maintenance 250
Repair & Maintenance (Computers) 5,450
Repair & Maintenance (Machinery) 9,406
Repair & Maintenance (Vehicle) 11,392
Rounded Off (39)
Salary 1,104,842
Service Charges Paid 23,671
Software Expsense 13,220
Staff Welfare Expenses 6,123
Telephone Expenses 3,200
Tour & Travelling Expenses 69,946
Travelling expenses 200,885
Water & Electricity Expenses 181,811
3,485,587
 0
M/S UTKAL PLUMBING SYSTEM
Provisional Statements Of Profit & Loss Account
for the year ended 31st March, 2024

Liabilities Amount Assets Amount

Capital - Fixed Assets 1,366,845
Partner Capital Account 826,200 0

Add Capital Introduce/Withdrawal - Inventory -

Net Profit (1,428,267) Loans And Advances Assets 1,658,090

SHORT TERMS BORROWINGS:- Sundry Debtors 11,466,324

Unsecured Loans 1,727,442
Bank O/D A/c 10,045,748 Current Assets 6,501,976
Secured Loans 1,468,764
Adaita Jean (811,527) GST Receivable -

Sundry Creditors 10,953,044 Cash & Cash Equivalents 1,183,704

Other Current Liablities (2,251,822) Advances to Supplier (336,877)

Advance received from Customer 1,400,000 Suspenses 89,521

Total 21,929,583 Total 21,929,583 (0)

M/S UTKAL PLUMBING SYSTEM

Prop.
 M/S UTKAL PLUMBING SYSTEM
As at 31st March, 2024
Rs.

1 - PARTNERS' CONTRIBUTION
Op. Capital
Reserves & surplus
Anirudha Jena Drawings (2,328,895)
Anirudha Jena capital A/C 3,155,095

826,200

2 - RESERVES AND SURPLUS

Surplus in Statement of Profit and Loss
Opening Balance
Profit (Loss) for the Period (1,428,267)

(1,428,267)

3 - SHORT TERMS BORROWINGS

Secured Loans 1,468,764

Unsecured Loans 1,727,442.00
Bank O/D A/c 10,045,747.87
Adaita Jean (811,527.00)
12,430,427

CURRENT LIABILITIES
Sundry Creditors 10,953,044
10,953,044

4 - Other CURRENT LIABILITIES

Partner Remuneration Payable -
GST Payable -
Duties & Taxes (327,757)
Provisions (2,016,151)
Employer's Cont. Payable in EPF (5,400)
EPF Payable 97,486
Bank Overdraft -
Audit Fee Payable -
Interest on TDS Payable -
(2,251,822)

Advance received from Customer 1,400,000

1,400,000

5 - FIXED ASSETS

Car 820,392
Refrigerator 7,080
Air conditioner 131,860
CCTV 12,016
Computer 56,797
Furniture &Fixture 197,918
LED 32,486
Plant& Machinery 5,012
Telephone 8,267
Office Equipments 25,120
Office Tools 12,117
Mobile 47,303
Printer 10,477
1,366,845

6- Inventory
Closing Stock -
-

7 - CASH & CASH EQUIVALENTS

Cash in Hand 1,712,647
Balance with Bank (528,943)
1,183,704

8 - LOANS AND ADVANCES ASSETS

Chandravanu Jena - loan 160640
Gokul Mahapatra- loan 2403807
Sarat kumar Parida -1030501
Surjeet Singh -loan 124144
1,658,090

9 - CURRENT ASSETS
Prepaid Insurance 21,731
Security Deposits 1,034,911
TDS Receivable Tata Capital 27,105
TDS Receivable 715,410
CGST Cash 70,391
Fixed Deposit 5,216,816
IGST Cash (641,932)
Income Tax Refund (211,277)
Security With President Estate 380,456
SGST Cash (111,635)

6,501,976

Sundry Debtors 11,466,324

11,466,324

Advances to Supplier (336,877)

(336,877)
Annexure : D : Property, Plant & Equipment

Type of Addition made during

Dep. Rate Opening Balance Sold during the year
Assets the year

Air Condition 15% 197,081.00

Car 15% 1,122,333.20

CCTV Camer 15% 27,213.60

Computers 40% 48,754.80

Furniture & F 10% 628,126.20

Led 15% 36,113.10

-
Offcie Equip 15% 46,852.00
-
Office Tools 15% 21,538.15
-
Plant & Mach 15% 89,260.20
-
Printer 15% 8,905.45
-
Refrigrator 15% 6,018.00
-
Telephone 15% 7,026.95
-
Mobile Phone 15% 65,707.55

GRAND TOTAL 2,304,930.20 - 5,000.00

Closing Balance Depreciation Net Closing Balance

197,081.00 29,562.15 167,518.85

1,122,333.20 168,349.98 953,983.22

-
27,213.60 4,082.04 23,131.56
-
48,754.80 19,501.92 29,252.88
-
628,126.20 62,812.62 565,313.58
- -
36,113.10 5,416.96 30,696.14
- - -
46,852.00 7,027.80 39,824.20
- - -
21,538.15 3,230.72 18,307.43
- - -
89,260.20 13,389.03 75,871.17
- - -
8,905.45 1,335.82 7,569.63
- - -
6,018.00 902.70 5,115.30
- - -
7,026.95 1,054.04 5,972.91
- - -
65,707.55 9,856.13 55,851.42
-
2,304,930.20 326,521.92 1,978,408.28
Query
S.No
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2
3
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7