SRI VENUGOPAL KARWA

SIRWAR

A/C YEAR ENDED : 31.03.2008

I.T. ASST. YEAR
: 2008-2009
CAPITAL ACCOUNT

PARTICULARS
To Tax Deducted at Source
for Asst.Year: 2008-09 on:
a) Salary
4,428.00
b) Interest
3,701.00
b) Commission
6,599.00

AMOUNT

By Balance B/F (Dt: 01.04.2007)

14,728.00

" Bank ( L I P )

8,540.00

" Auditor's Fees

1,403.00

" Prof. Tax Deducted from

Salary
" Bank / Demat Charges

4,000.00

" Interest Paid to S B M, Rcr

on Home Loan
" Interest Paid to:
a) Vimala M
Mootha, Rcr
b) Shakuntala
Karwar, Sirwar
c) Ghanshyamdas
Karwa (B-HUF)
Sirwar
d) Ghanshyamdas
Karwa, Sirwar

1,800.00
672.44

" Cash (Tution Fees of

Daughter Paid)

61,087.00

AMOUNT
1,681,729.84

" Salary (Gross) from Square

Colour Lab (P) Ltd., Raichur
(TDS - Rs.4,428/-)

150,000.00

" Bank (Dividend received on

Shares)

4,642.50

" Income from Firm Krishna

Developers, Bagalkot
as Partner - Interest
" Gross Interest from :
a) Central Bank of India, Rcr
on S.B. A/c
c) Central Bank of India, Rcr
on Joint S.B. A/c
d) State Bank of Hyderabad,
Raichur on PPF A/c
e) Encashment of NSC
f) Square Colour Lab (P) Ltd,
Rcr (TDS - Rs. 3,701/-)

38,711.00

106.00
28.66
10,302.00
9,687.00
35,934.00

14,000.00
55,538.00

17,055.00
22,517.00

1,764.00

" Share of Loss from

S.M. Trading Co, Raichur

403.00

" Drawings
" Balance C/F (Dt: 31.03.2008)

" Commission (Gross) received

from R. Motilal & Co, Raichur
(TDS - Rs. 6,599/-)

64,050.00

" Short Term Capital Gain on

Sale of Shares

83,312.99

" Long Term Capital Gain on

Sale of Shares / Units

73,767.78

" Bank (Dt: 26-06-2007, I.T.

Refund received for Asst. Year
06-07 (including int. Rs. 306/-)

10,520.00

" Bank (Dt:12-03-2008 I T

Refund received for Asst. Year
07-08 (including int. Rs. 164/-)

4,303.00

109,110.00

" 1/3 share in Muncipal Tax

T O TAL

PARTICULARS

12,000.00
1,951,587.33

2,167,094.77

T O TAL

2,167,094.77

SRI VENUGOPAL KARWA

SIRWAR

A/C YEAR ENDED : 31.03.2008

I.T. ASST. YEAR : 2008 - 2009
BALANCE SHEET AS AT 31ST MARCH, 2008

CAPITAL & LIABILITIES

AMOUNT

Capital Account

1,951,587.33

Secured Loans
Unsecured Loans

ASSETS
Cash in Hand

1,226.60

710,602.22

Cash at Banks

11,314.34

625,000.00

Investments & Deposits

397,354.83

Investment as Partner

383,743.78

Advances

6,370.00

Fixed Assets

T O TAL

AMOUNT

3,287,189.55

T O TAL

2,487,180.00

3,287,189.55

SRI VENUGOPAL KARWA

SIRWAR

A/C YEAR ENDED : 31.03.2007

I.T. ASST. YEAR : 2007 - 08
SHARES SPECULATIVE BUSINESS ACCOUNT

PARTICULARS

AMOUNT

To Purchases

PARTICULARS

3,728,990.45 By Sales

" Security Transactions Tax etc

3,916,310.00

1,910.49

" Interest paid

93,733.00

" Net Profit trfd to Capital

91,676.06

T O TAL

AMOUNT

3,916,310.00

T O TAL

3,916,310.00

ABSTRACT OF ACCOUNT IN THE BOOKS OF : (As Partner)

KRISHNA DEVELOPPERS, BAGALKOTE
To Share in Firm's Income-tax
a) Earlier Years
186.40
b) Current Year
7,000.00
" Share in Earlier Year's
Firm Loss Adjusted
" Balance c/f
(Dt : 31-03-07)

T O TAL

By Balance b/f
(Dt : 01-04-06)

100,000.00

7,186.40
" G B Bhutada A/c
(Dt : 01-04-06)

70,000.00

1,220.05
" Bank ( Dt :18-12-06 Capital
introduced in the year)

100,000.00

322,595.43
" Remuneration as Working
Partner

25,000.00

" Interest on Capital

11,050.00

" Share in Net Profit

24,951.88

331,001.88

T O TAL

331,001.88

S .M. TRADING CO, RAICHUR

To Bank ( Dt : 28-03-07 )
" Balance c/f ( Dt : 31-03-07 )

100,000.00 By Bank ( Dt : 29-12-06 )

8,000.00
108,000.00

108,000.00

"
108,000.00

Details of Interest Paid :

2) Vimala. M. Mootha, Rcr
3) Shakuntala Karwa
4) Preeti .S. Jain
5) G H Kawa (Indl), Sirwar
6) G H Karwa ( B. HUF), Sirwar
7) Govind Narayan Industries

12,000.00
37,379.00
24,000.00
5,753.00
3,801.00
10,800.00
93,733.00

Page 5
VENUGOPAL KARWA
SIRWAR

A/C YEAR ENDED : 31.03.2007

I.T. ASST.YEAR : 2007 - 08
DETAILS OF BALANCE SHEET

01. SECURED LOANS:

1.01 One-Third Share in Home Loan from State Bank of Mysore, Raichur for
House Under Construction at Paras garden, Raichur
T O TAL

710,602.22
710,602.22

T O TAL

325,000.00
300,000.00
625,000.00

T O TAL

9,391.40
708.33
1,214.61
11,314.34

02. UNSECURED LOANS:

2.01 Brijmohan Karwa (HUF), Sirwar
2.02 Sri. G H Karwa (S. HUF), Sirwar

03.
3.01
3.02
3.03

CASH AT BANKS:
Central Bank of India, Raichur - S.B. A/c No.10440
Central Bank of India, Raichur - Joint S.B. A/c No.11860
ICICI Bank Ltd, Bagalkot

04. INVESTMENTS & DEPOSITS:

4.01 National Savings Certificates VIIIth Issue:
Opening Balance B/F
Less: Encashed during the year
4.02 P.P.F. Account at SBH, Raichur
Opening Balance B/F
Add : a) Subscription during the year
b) Interest credited Bank
4.03
1
2
3
4
5
6
7
8
9

Units of Mutual Fund

Franklin India Opportunity Fund
Franklin Templation Flexi Cap Fund
I C I C I Infrastructure Fund
Birla Top 100 Fund
DSP Merryl Tech.Com Fund
I C I C I Discovery Fund
I C I C I Dynamic Fund
Fidelity International Opportunity Fund
Reliance Diversified Power Sector

2/8/2007
5/25/2006
2/7/2007
9/25/2006
2/9/2007
9/25/2006
2/7/2007
5/28/2007
8/13/2007

883.704
520.291
1,256.913
682.822
923.736
381.098
353.967
977.995
411.484

68,000.00
(13,000.00)

55,000.00

127,529.40
15,000.00
10,302.00

152,831.40

25,000.00
10,000.00
25,000.00
10,000.00
25,000.00
10,000.00
25,000.00
10,000.00
12,000.00

152,000.00

4.04 Investment in Equity Shares - (As per Statement)

37,523.43
T O TAL

05.
5.01
5.02
5.03

INVESTMENT AS PARTNER
Krishna developers, Bagalkote
Sri Maruti Trading Co, Raichur
Krishna Leasing, Bijapur (O.B)

397,354.83

361,306.43
10,000.00
12,437.35
383,743.78

06. ADVANCES
6.01 Square Colour Lab Pvt Ltd., Raichur
6.02 R.Motilal and Co., Raichur
T O TAL

6,154.00
216.00
6,370.00

Page 6
VENUGOPAL KARWA
SIRWAR

A/C YEAR ENDED : 31.03.2007

I.T. ASST.YEAR : 2007 - 08
DETAILS OF BALANCE SHEET

07. FIXED ASSETS:

7.01 One-third Share in Open Plot No.12-10-97/86,
situated at Paras Parden, Raichur (O.B - at cost)
7.02 Building Under Construction at Paras Garden, Raichur:
Opening Balance B/F
Add: Invested during the year

74,250.00
1,192,901.00
250,000.00

7.03 One Plot at Bagalkot Town development Authority, Bagalkot (O.B.)

7.04 1/3 rd share in Commercial Plot at Bus stand Road, Bagalkot
purhcased on 18-09-2007 including Stamp Duty and
Registration Expenses
Add: Building under Construction

705,029.00

73,160.00
191,840.00
T O TAL

08.
8.01
8.02
8.03
8.04
8.05
8.06
8.07
8.08

INVESTMENTS IN SHARES:
Square Colour Lab (P) Ltd
DMC Vaults Ltd
Sirwar Co-op Bank Ltd

Reliance Power
IFCI Ltd
Reliance Natural Resources Ltd
Ideal Cellular Ltd
Reliance Petroleum Ltd

Date
O.B
12/20/2007
1/29/2008
2/2/2008

29/6/2007
29/6/2007
2/2/2007
5/5/2006
T O TAL

1,442,901.00

265,000.00
2,487,180.00

Shares
550
5,000
10

Amount
5,500.00
1,000.00

17
100
50
123
116
5,966

7,310.00
5,665.18
1,863.25
9,225.00
6,960.00
37,523.43

Assessment Year

2008-09

Share Name
(Select/Fill share name)

Sale Date
Share Type
(dd/mm/yy)
(Listed/unlisted,etc.)
Format

PARSVANATH
MELSTAR INFO
DIG PETRO
WELSPUN GUJ
LANCO INFRA
LANCO INFRA
BOMBAY RAYO
INDIA CEMENT
INDIA CEMENT
INFOSYS
R COM
DMC VAULTS
DIANA TEA
RANBAXY
R COM
MC DOWELL
MC DOWELL
DC BANK
OUDH SUGAR
PETRONET
IDEA
IDEA
BIOCON
BIOCON
R COM
MTNL
ALSTOM
ALSTOM
IFCI
NIIT LTD
NAG FERTILI
NAG FERTILI
PETRONET
WELSPUN GUJ
WELSPUN GUJ
NAVNEET PUB
IDFC
NAG FERTILI
LT
LT

Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax
Transaction Tax

26/6/2007
5/9/2007
22/5/2007
20/4/2007
7/6/2007
26/6/2007
22/2/2008
3/9/2007
13/9/2007
24/9/2007
20/4/2007
7/12/2007
22/8/2007
31/7/2007
20/4/2007
22/5/2007
30/5/2007
22/5/2007
31/8/2007
4/7/2007
19/7/2007
20/9/2007
28/05/2007
26/6/2007
12/9/2007
7/11/2000
28/9/2007
10/10/2007
3/12/2007
20/9/2007
1/1/2008
30/8/2007
10/10/2007
30/11/2007
3/12/2007
28/9/2007
9/10/2007
1/1/2008
5/12/2007
8/1/2007

Sale Amount
(No decimal,
No comma)

6632
903
61887
63195
1701
17659
50341
25164
27265
17606
4492
125909
44022
11636
22458
30540
29963
21922
25471
28773
32825
30662
191115
45209
21608
33330
20640
21386
10614
18047
8146
3570
7952
20690
21383
25542
32147
20365
85542
129379

Transfer
Expenses
(No decimal,
No comma)

Purchase
Date
(dd/mm/yy)
Format

24/11/2006
4/1/2000
26/4/2007
2/2/2007
6/2/2007
6/2/2007
8/2/2007
9/2/2007
9/2/2007
15/3/2007
15/3/2007
11/11/2006
10/7/2007
30/3/2007
30/3/2007
24/4/2007
24/4/2007
3/5/2007
22/5/2007
22/5/2007
23/5/2007
23/5/2007
24/5/2007
24/5/2007
29/5/2007
1/6/2007
29/6/2007
29/6/2007
29/6/2007
29/6/2007
2/8/2007
2/8/2007
3/8/2007
13/9/2007
13/9/2007
17/9/2007
24/9/2007
12/10/2007
30/11/2007
30/11/2007

Purchase
Amt (No
decimal, No
comma)

6000
7200
49030
60600
2504
22534
43262
21842
21842
20626
4080
65781
30125
10423
21156
21841
21841
15773
32063
26932
30355
30355
196720
49180
20866
32543
20331
20331
5665
15350
2263
2263
6078
13384
13384
24643
29115
15243
82835
124253

Gain Type
(Short/Long
Term)
#VALUE!
Long Term
#VALUE!
#VALUE!
Short Term
#VALUE!
#VALUE!
Short Term
#VALUE!
#VALUE!
#VALUE!
Short Term
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Short Term
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Short Term
#VALUE!
Short Term
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Short Term
#VALUE!
#VALUE!

Sale Period
(Do not fill if sale
date is filled)

Purchase Yr.
(Do not fill if
purch. Date is
filled)