Tax Audit Report

Tax Audit Report
[Assessment Year 2021-22]
of
KTL Textile Machines Private Limited

S. R. SOMANI & CO.
Chartered Accountants
1001, Rathi Palace, Ring Road, Kamela Darwaja, Surat-395002 Gujarat
Phone : , E-Mail :
Form No 3CA
[See rule 6G(1)(a)]
Audit report under section 44AB of the Income-tax Act, 1961, in a case where the accounts of
the business or profession of a person have been audited under any other law
1. We report that the statutory audit of KTL TEXTILE MACHINES PRIVATE LIMITED, U-9, ASHIRWAD
SQUARE, SOSYO CIRCLE, U M ROAD, SURAT, GUJARAT-395002. PAN - AAHCS7722B was
conducted by M/s S. R. SOMANI & CO. in pursuance of the provisions of the Companies Act Act,
and We annex hereto a copy of our audit report dated 13/09/2021 along with a copy each of -
(a) the audited Profit and loss account for the period beginning from 01/04/2020 to ending on
31/03/2021
(b) the audited balance sheet as at 31st March, 2021
(c) documents declared by the said Act to be part of, or annexed to, the Profit and loss account and
balance sheet.
2. The statement of particulars required to be furnished under section 44AB is annexed herewith in
Form No. 3CD.
3. In our opinion and to the best of our information and according to examination of books of account
including other relevant documents and explanations given to us, the particulars given in the said
Form No. 3CD are true and correct subject to the following observations/qualifications, if any:
SN Qualification Type Observation/Qualification

1 Creditors under Micro, Small and Medium The assessee has not received the required
Enterprises Development Act, 2006 are information from supplier regarding their registration
not ascertainable under the Micro, Small and Medium Enterprises
Development Act, 2006. Hence, disclosures, if any,
pertaining to amounts unpaid as at the year end
togather with interest paid/payable as required under
the said act have not been made
2 Records produced for verification of Reliance has been made on Certificate Received
payments through account payee cheque from the assessee
were not sufficient
3 Others In regards to transactions covered u/s 40A(3) read
with Rule 6DD, reporting has been done relying on
certificate given by the management. However, it is
not possible for us to verify whether the payments in
excess of Rs. 10000/- have been made otherwise
than by crossed cheque or bank draft, as the
necessary evidences are not in possession of the
assessee.
4 Others In regards to Unsecured Loans, it is not possible for
us to verify whether loans or deposits have been
taken or accepted otherwise than by a A/c payee
cheque/bank draft, as the necessary evidence is not
in possession of the assessee.
5 Others Closing stock has been valued as certified by
management
6 Others Classification of persons specified under S.
40A(2)(b) have been certified by the management
For S. R. SOMANI & CO.

Digitally signed by
LAVKUSH SOMANI
LAVKUSH SOMANI Date: 2021.09.20
13:53:43 +05'30'
Ca. Lavkush Shashiranjan Somani
(Partner)
M. No. : 129473
FRN : 0110367W
Date : 13/09/2021 1001, Rathi Palace, Ring Road, Kamela Darwaja,
Place : Surat Surat-395002 Gujarat
UDIN : 21129473AAAAIK4388
FORM NO. 3CD
[See rule 6G(2)]
Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961
PART-A
1 Name of the assessee : KTL TEXTILE MACHINES PRIVATE LIMITED
2 Address : U-9, ASHIRWAD SQUARE, SOSYO CIRCLE, U M

ROAD, SURAT, GUJARAT-395002
3 Permanent Account Number : AAHCS7722B
4 Whether the assessee is liable to pay indirect tax like excise duty, service tax, sales tax, goods and : Yes
services tax,customs duty,etc. if yes, please furnish the registration number or,GST number or any
other identification number allotted for the same
SN Type Registration Number
1 Goods and Services Tax (GUJARAT) 24AAHCS7722B2ZL
5 Status : Company
6 Previous year from : 01/04/2020 to 31/03/2021
7 Assessment year : 2021-22
8 Indicate the relevant clause of section 44AB under which the audit has been conducted
SN Type
1 Clause 44AB(a)- Total sales/turnover/gross receipts of business exceeding specified limits
8a Whether the assessee has opted for taxation under section 115BA/115BAA/115BAB : Yes
Section under which option exercised…… : 115BAA
PART-B
9 a If firm or Association of Persons, indicate names of partners/members : NA

and their profit sharing ratios
b If there is any change in the partners or members or in their profit sharing : NA

ratio since the last date of the preceding year, the particulars of such
Change.
10 a Nature of business or profession.

Sector Sub sector Code
WHOLESALE AND RETAIL TRADE Wholesale of other machinery, 09019
equipment and supplies(09019)
WHOLESALE AND RETAIL TRADE Wholesale of other products 09027
n.e.c(09027)
b If there is any change in the nature of business or profession, the : No

particulars of such change.
Business Sector Sub sector Code
Nil Nil Nil Nil
11 a Whether books of accounts are prescribed under section 44AA, if yes, list : No
of books so prescribed.
Nil
b List of books of account maintained and the address at which the books of accounts are kept.(In case books
of account are maintained in a computer system, mention the books of account generated by such computer
system. If the books of accounts are not kept at one location, please furnish the addresses of locations
along with the details of books of accounts maintained at each location.)
Books Address line 1 Address line 2 City/Town/Dist State Pincode
maintained rict
Ledger U-9, ASHIRWAD SURAT GUJARAT 395002
SQUARE, SOSYO
CIRCLE, U M ROAD
Purchase U-9, ASHIRWAD SURAT GUJARAT 395002
Register SQUARE, SOSYO
CIRCLE, U M ROAD
Sales Register U-9, ASHIRWAD SURAT GUJARAT 395002
SQUARE, SOSYO
CIRCLE, U M ROAD
Cash Book U-9, ASHIRWAD SURAT GUJARAT 395002
SQUARE, SOSYO
CIRCLE, U M ROAD
Bank Book U-9, ASHIRWAD SURAT GUJARAT 395002
SQUARE, SOSYO
CIRCLE, U M ROAD
Books have U-9, ASHIRWAD SURAT GUJARAT 395002
been SQUARE, SOSYO
maintained and CIRCLE, U M ROAD
generated
through
computer
system
Books of accounts are maintained under computer system
c List of books of account and nature of relevant documents examined.

Ledger
Purchase Register
Sales Register
Cash Book
Bank Book
12 Whether the profit and loss account includes any profits and gains assessable : No
on presumptive basis, if yes, indicate the amount and the relevant section
(44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, Chapter XII-G, First
Schedule or any other relevant section.)
Section Amount
Nil Nil
13 a Method of accounting employed in the previous year. : Mercantile system
b Whether there has been any change in the method of accounting : No

employed vis-à-vis the method employed in the immediately preceding previous
year.
c If answer to(b) above is In the affirmative, give details of such change ,and the effect thereof on the profit or
loss.
Particulars Increase in profit Decrease in profit
Nil Nil Nil
d Whether any adjustment is required to be made to the profits or loss for : No

complying with the provisions of income computation and disclosure
standards notified under section 145(2).
e If answer to (d) above is in the affirmative, give details of such adjustments:

ICDS Increase in profit Decrease in profit Net Effect
Nil Nil Nil Nil
Total Nil Nil Nil
f Disclosure as per ICDS:

ICDS Disclosure
ICDS I-Accounting Policies As per certification received from the client, there
were no changes in Accounting Policies adopted by
the Assessee during the year
ICDS II-Valuation of Inventories As per certification received from the client,
Inventories were valued at Cost or Market Value,
whichever is less. Further, there were no changes in
method of Inventory Valuation adopted by the
Assessee during the year
ICDS III-Construction Contracts Not Applicable
ICDS IV-Revenue Recognition As per certification received from the client, all
revenues accruing during the year under
consideration have been duly recognized. Further,
there were no changes in Accounting Policies
adopted by the Assessee during the year
ICDS V-Tangible Fixed Assets As per certification received from the client,all
tangible fixed assets during the year under
consideration have been duly recognized and all
intangible assets are depreciated at the prescribed
rates.
ICDS VII-Governments Grants Not Applicable
ICDS IX Borrowing Costs As per the certification received from client, all the
borrowing costs have been accrued during the year
under consideration. There were no borrowing costs
eligible for capitalization during the year.
ICDS X-Provisions, Contingent Liabilities and As per certification received from the client, there
Contingent Assets were no Contingent Liabilities or Contingent Assets
as on Balance Sheet Date. Further, client has also
certified that all the required provisions have been
made as on Balance Sheet Date
14 a Method of valuation of closing stock employed in the previous year. : At Cost or Net Realisable
Value, which ever is lower
As certified by the management
b In case of deviation from the method of valuation prescribed under section : No

145A, and the effect thereof on the profit or loss, please furnish.
Particulars Increase in profit Decrease in profit
Nil Nil Nil
15 Give the following particulars of the capital asset converted into stock-in-trade: -
Description of capital asset Date of Cost of Amount at which asset is
acquisition acquisition converted in to stock in
trade
Nil Nil Nil Nil
16 Amounts not credited to the profit and loss account, being: -
a The items falling within the scope of section 28.

Description Amount
Nil Nil
b The proforma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or
value added tax or Goods & Services Tax, where such credits, drawbacks or refund are admitted as due by
the authorities concerned.
Description Amount
Nil(Nil) Nil
c Escalation claims accepted during the previous year.

Description Amount
Nil Nil
d Any other item of income.

Description Amount
Nil Nil
e Capital receipt, if any.

Description Amount
Nil Nil
17 Where any land or building or both is transferred during the previous year for a consideration less than value
adopted or assessed or assessable by any authority of a State Government referred to in section 43CA or 50C,
please furnish:
Details of Address Address City/Town/ State Pincod Consideration Value adopted
property line 1 line 1 District e received or or assessed or
accrued assessable
Nil Nil Nil Nil Nil Nil Nil Nil
18 Particulars of depreciation allowable as per the Income-tax Act, 1961 in respect of each asset or block of assets,
as the case may be, in the following Form :-
Descripti Rate Openin Adjust Adjus Additions Deducti Deprecia Written

on of the of g WDV ment ted ons tion down
block of deprec made writte allowabl value
assets iation to the n e at the
written down end of
down value the
value year
under
section
115BA
A (for
assess
ment
year
2020-21
only)
Purchas Adjustment on account of Total value
e value of
purchase
CENVAT Change in Subsidy/Gr
rate of ant
exchange
(18r) 10% 36936 3693 13451 0 0 0 13451 4367 46020
Furnitur 6
es &
Fittings
@ 10%-
Sec
32(1)(ii)
(18a) 15% 29679 2967 2317307 0 0 0 2317307 748242 45370
Plant & 58 958 23
Machin
ery @
15%-
Sec
32(1)(ii)
(18c) 40% 51941 5194 20776 31165
Plant & 1
Machin
ery @
40%-
Sec
32(1)(ii)
Total 30568 0 3056 2330758 0 0 0 2330758 0 773385 46142
35 835 08
Additions : (18r) Furnitures & Fittings @ 10%- Sec 32(1)(ii)

Date of Date of put Amount MODVAT Exchange Subsidy Total
purchase to use rate change grant Amount
16/10/2020 16/10/2020 13451 0 0 0 13451
Total 13451 0 0 0 13451
Additions : (18a) Plant & Machinery @ 15%- Sec 32(1)(ii)

Date of Date of put Amount MODVAT Exchange Subsidy Total
purchase to use rate change grant Amount
16/10/2020 16/10/2020 41984 0 0 0 41984
10/11/2020 10/11/2020 167500 0 0 0 167500
10/10/2020 10/10/2020 21186 0 0 0 21186
22/01/2021 22/01/2021 9407 0 0 0 9407
22/01/2021 22/01/2021 13636 0 0 0 13636
22/01/2021 22/01/2021 9441 0 0 0 9441
22/01/2021 22/01/2021 11008 0 0 0 11008
22/01/2021 22/01/2021 11864 0 0 0 11864
22/01/2021 22/01/2021 10678 0 0 0 10678
22/01/2021 22/01/2021 11864 0 0 0 11864
22/01/2021 22/01/2021 7203 0 0 0 7203
06/08/2020 06/08/2020 1723344 0 0 0 1723344
29/10/2020 29/10/2020 54687 0 0 0 54687
27/10/2020 27/10/2020 223505 0 0 0 223505
Total 2317307 0 0 0 2317307
19 Amount admissible under sections 32AC / 33AB / 33ABA / 35 / 35ABB / 35AC / 35CCA / 35CCB / 35D / 35DD /
35DDA / 35E
Section Amount debited to profit and Amounts admissible as per the provisions of the
loss account Income-tax Act, 1961 and also fulfils the conditions, if
any specified under the relevant 14 provisions of
Income-tax Act,1961 or Income-tax Rules,1962 or any
other guidelines, circular, etc., issued in this behalf.
Nil Nil Nil
20 a Any sum paid to an employee as bonus or commission for services rendered, where such sum was
otherwise payable to him as profits or dividend. [section 36(1)(ii)]
Description Amount
Nil Nil
b Details of contributions received from employees for various funds as referred to in section 36(1)(va):
Nature of fund Sum received Due date for The actual The actual date
from payment amount paid of payment to
employees the concerned
authorities
Any Fund set up under the 530 15/05/2020 530 06/06/2020
provisions of ESI Act , 1948
21 a Please furnish the details of amounts debited to the profit and loss account, being in the nature of capital,
personal, advertisement expenditure etc.
Capital expenditure
Particulars Amount
Donation 5000
Personal expenditure
Particulars Amount
Nil Nil
Advertisement expenditure in any souvenir, brochure, tract, pamphlet or the like published by a political
party
Particulars Amount
Nil Nil
Expenditure incurred at clubs being entrance fees and subscriptions

Particulars Amount
Nil Nil
Expenditure incurred at clubs being cost for club services and facilities used
Particulars Amount
Nil Nil
Expenditure by way of penalty or fine for violation of any law for the time being force
Particulars Amount
Interest on TDS 318
Interest on Income Tax 56500
Expenditure by way of any other penalty or fine not covered above

Particulars Amount
Nil Nil
Expenditure incurred for any purpose which is an offence or which is prohibited by law
Particulars Amount
Nil Nil
b Amounts inadmissible under section 40(a):-
i. as payment to non-resident referred to in sub-clause (i)
(A) Details of payment on which tax is not deducted:

Date of Amount of Nature of Name of the PAN of Address Address City/Town Pincod
payment payment payment payee the payee line 1 line 2 /District e
Nil Nil Nil Nil Nil Nil Nil Nil Nil
(B) Details of payment on which tax has been deducted but has not been paid during the previous year or in
the subsequent year before the expiry of time prescribed under section 200(1)
Date of Amount Nature of Name of the PAN of Address Address City/Town Pincode Amount
payment of payment payee the payee line 1 line 2 /District of tax
payment deducted
Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
ii. as payment referred to in sub-clause (ia)
(A) Details of payment on which tax is not deducted:

(B) Details of payment on which tax has been deducted but has not been paid on or before the due date
specified in sub- section (1) of section 139
Date of Amount Nature Name of PAN of Addres Addres City/To Pincod Amount Amount
paymen of of the payee the s line 1 s line 2 wn/Dist e of tax out of
t paymen paymen payee rict deducte (VI)
t t d deposite
d, if any
Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
iii. as payment referred to in sub-clause (ib)
(A) Details of payment on which levy is not deducted:

(B) Details of payment on which levy has been deducted but has not been paid on or before the due date
specified in sub- section (1) of section 139
Date of Amount Nature Name of PAN of Addres Addres City/To Pincod Amount Amount
paymen of of the payee the s line 1 s line 2 wn/Dist e of levy out of
t paymen paymen payee rict deducte (VI)
t t d deposite
d, if any
Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
iv. Fringe benefit tax under sub-clause (ic) : Nil
v. Wealth tax under sub-clause (iia) : Nil
vi. Royalty, license fee, service fee etc. under sub-clause (iib) : Nil
vii. Salary payable outside india/to a non resident without TDS etc. Under sub-clause (iii)
Date of Amount of Name of the PAN of the Address Address City/Town/D Pincod
payment payment payee payee line 1 line 2 istrict e
Nil Nil Nil Nil Nil Nil Nil Nil
viii. Payment to PF/other fund etc. under sub-clause (iv) : Nil
ix. Tax paid by employer for perquisites under sub-clause (v) : Nil
c Amounts debited to profit and loss account being, interest, salary, bonus, : NA
commission or remuneration inadmissible under section 40(b)/40(ba) and
computation thereof
d Disallowance/deemed income under section 40A(3):
(A) On the basis of the examination of books of account and other : Yes
relevant documents/evidence, whether the expenditure covered under
section 40A(3) read with rule 6DD were made by account payee cheque
drawn on a bank or account payee bank draft. If not, please furnish the
details
Date of Nature of payment Amount Name of the payee PAN of the
payment payee
Nil Nil Nil Nil Nil
Reporting has been done relying on certificate given by the management. However, it is not possible for us
to verify whether the payments in excess of Rs. 10000/- have been made otherwise than by crossed cheque
or bank draft, as the necessary evidences are not in possession of the assessee.
(B) On the basis of the examination of books of account and other : Yes
relevant documents/evidence, whether the payment referred to in section
40A(3A) read with rule 6DD were made by account payee cheque drawn
on a bank or account payee bank draft If not, please furnish the details of
amount deemed to be the profits and gains of business or profession
under section 40A(3A)
Date of Nature of payment Amount Name of the PAN of the payee
payment payee
Nil Nil Nil Nil Nil
Reporting has been done relying on certificate given by the management. However, it is not possible for us
to verify whether the payments in excess of Rs. 10000/- have been made otherwise than by crossed cheque
or bank draft, as the necessary evidences are not in possession of the assessee.
e provision for payment of gratuity not allowable under section 40A(7) : Nil
f any sum paid by the assessee as an employer not allowable under : Nil
section 40A(9)
g Particulars of any liability of a contingent nature

Nature of liability Amount
Nil Nil
h Amount of deduction inadmissible in terms of section 14A in respect of the expenditure incurred in relation to
income which does not form part of the total income
Particulars Amount
Nil Nil
i amount inadmissible under the proviso to section 36(1)(iii) : Nil
22 Amount of interest inadmissible under section 23 of the Micro, Small and : Nil
Medium Enterprises Development Act, 2006.
23 Particulars of any payment made to persons specified under section 40A(2)(b).

Name of related party PAN Relation Nature of Transaction Payment
Made
(Amount)
ANIL M CHOPRA ABKPC8507F DIRECTOR DIRECTORS 1250000
REMUNERATION
SUMIT MAHAJAN DIRECTOR DIRECTORS 597000
REMUNERATION
PRAGNESH G. BAROT DIRECTOR DIRECTORS 500000
REMUNERATION
AVIRAL A CHOPRA BASPC6077Q DIRECTOR'S SON SALARY 750000
AARTI A CHOPRA AHHPC2608L DIRECTOR'S WIFE SALARY 400000
ANIL M CHOPRA ABKPC8507F DIRECTOR RENT PAYMENT 120000
PAN & Relationship have been reported as certified by the assessee
24 Amounts deemed to be profits and gains under section 32AC or 32AD or 33AB or 33AC or 33ABA.
Section Description Amount
Nil Nil Nil
25 Any amounts of profits chargeable to tax under section 41 and computation thereof
Name of party Amount of income Section Description of Computation
transaction
Nil Nil Nil Nil Nil
26 (i) In respect of any sum referred to in clause (a),(b),(c),(d),(e),(f) or (g) of section 43B, the liability for which:-
A Pre-existed on the first day of the previous year but was not allowed in the assessment of any preceding
previous year and was:-
(a) Paid during the previous year

Section Nature of Liability Amount
Nil Nil Nil
(b) Not paid during the previous year;

Nil Nil Nil
B Was incurred in the previous year and was:-
(a) paid on or before the due date for furnishing the return of income of the previous year 139(1);
Nil Nil Nil
(b) Not paid on or before the aforesaid date.

Nil Nil Nil
state whether sales tax,goods & services Tax, customs duty, excise duty : Yes
or any other indirect tax,levy,cess,impost etc.is passed through the profit
and loss account
Rs. 3724927.17 CUSTOM DUTY
Rs. 3724927.17/ - COSTOM DUTY
27 a Amount of Central Value Added Tax Credits/ Input Tax Credit(ITC) availed : Yes
of or utilised during the previous year and its treatment in profit and loss
account and treatment of outstanding Central Value Added Tax
Credits/Input Tax Credit(ITC) in accounts.
CENVAT / ITC Amount Treatment in Profit && Loss / Accounts
Opening Balance 1143898 Opening Receivable - No effect in Profit &
Loss Account
Credit Availed 13966000 GST on Purchases and Challans Paid - No
effect in Profit & Loss Account
Credit Utilized 14672610 GST on Sales - No effect in Profit & Loss
Account
Closing / outstanding Balance 437288 Closing GST - No effect in Profit & Loss
Account
b Particulars of income or expenditure of prior period credited or debited to the profit and loss account.:-
Type Particular Amount Prior period
Nil Nil Nil Nil
28 Whether during the previous year the assessee has received any property, : NA
being share of a company not being a company in which the public are
substantially interested, without consideration or for inadequate consideration
as referred to in section 56(2)(viia), if yes, please furnish the details of the
same.
29 Whether during the previous year the assessee received any consideration for : NA
issue of shares which exceeds the fair market value of the shares as referred
to in section 56(2)(viib), if yes, please furnish the details of the same.
A Whether any amount is to be included as income chargeable under the : No

head ‘income from other sources’ as referred to in clause (ix) of sub-section (2)
of section 56, If yes, please furnish the following details:
Nature of income Amount
Nil Nil
B Whether any amount is to be included as income chargeable under the : No

head ‘income from other sources’ as referred to in clause (x) of sub-section (2)
of section 56, If yes, please furnish the following details:
Nature of income Amount
Nil Nil
30 Details of any amount borrowed on hundi or any amount due thereon : No

(including interest on the amount borrowed) repaid, otherwise than through an
account payee cheque,(Section 69D)
Name PAN of Addres Addres City/To State Pincod Amount Date of Amount Amount Date of
of the s line 1 s line2 wn/Dist e borrow borrowi due repaid repaym
person person rict ed ng includi ent
from ng
whom interest
amount
borrow
ed or
repaid
on
hundi
Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
A Whether primary adjustment to transfer price, as referred to in sub-section : No

(1) of section 92CE, has been made during the previous year, If yes,
please furnish the following details
Under which Amount of Whether the If yes, whether If no, the Expected date
clause of sub- primary excess money the excess amount (in Rs.) of repatriation
section (1) of adjustment available with money has of imputed of money
section 92CE the associated been interest income
primary enterprise is repatriated on such excess
adjustment is required to be within the money which
made? repatriated to prescribed time has not been
India as per the repatriated
provisions of within the
sub-section (2) prescribed time
of section 92CE
Nil Nil Nil Nil Nil Nil
B Whether the assessee has incurred expenditure during the previous year : No
by way of interest or of similar nature exceeding one crore rupees as
referred to in sub-section (1) of section 94B, If yes, please furnish the
following details
Amount of Earnings Amount (in Rs.) Details of interest Details of interest
expenditure before interest, of expenditure expenditure brought expenditure carried
by way of tax, by way of forward as per sub- forward as per sub-
interest or of depreciation interest or of section (4) of section 94B section (4) of section 94B
similar nature and similar nature
incurred amortization as per (i) above
(EBITDA) which exceeds
during the 30% of EBITDA
previous year as per (ii)
above
Assessmen Amount Assessmen Amount
t Year t Year
Nil Nil Nil Nil Nil Nil Nil
C Whether the assessee has entered into an impermissible avoidance : NA

arrangement,as referred to in section 96, during the previous year.
(This Clause is applicable from 1st April,2022)
Nature of the impermissible Specify Others Amount (in Rs.) of tax benefit in
avoidance arrangement the previous year arising, in
aggregate, to all the parties to
the arrangement:
NA NA NA
31 a Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or
accepted during the previous year :-
Name of the Address of the PAN of Amount Whether Maximum whether in case
lender or lender or the lender of loan or the amount the loan the loan
depositor depositor or deposit loan/depo outstandi or deposit or
depositor taken or sit was ng in the was taken deposit
accepted squared account or was
up during at any accepted taken or
the time by accepted
Pervious during cheque or by
Year the bank draft cheque
Previous or use of or bank
Year electronic draft,
clearing whether
system the same
through a was
bank taken or
account accepted
by an
account
payee
cheque
or an
account
payee
bank
draft
ANIL M.CHOPRA C/O. FLAT AAKPJ052 500000 Yes 500000 Yes- Account
NO.206 9R Cheque payee
PARSHWANAGA cheque
R APARTMENT-
2 ADAJAN PATIA
SURAT
GULSHAN B-206, Parashav AADPJ287 3500000 No 3500000 Yes- Account
PRINTS Nagar Appt, 2J Cheque payee
PVT.LTD. Adajan Patia, cheque
Surat
- It is not possible for us to verify whether loans or deposits have been taken or accepted otherwise than by
a A/c payee cheque/bank draft, as the necessary evidence is not in possession of the assessee. Reporting
is corely on the basis of declaration received from assessee
- Interest & TDS figures are not considered in the above calculations and the accounts having only Interest
& TDS figures are not given in the list.
- PAN & Address have been reported on the basis of details provided by the management.
b Particulars of each specified sum in an amount exceeding the limit specified in section 269SS taken or
accepted during the previous year:-
Name of the Address of the PAN of the Amount of Whether the In case the
person from person from person from specified sum specified sum specified sum
whom specified whom specified whom taken or was taken or was taken or
sum is received sum is received specified sum accepted accepted by accepted by
is received cheque or bank cheque or
draft or use of bank draft,
electronic whether the
clearing same was
system taken or
through a bank accepted by an
account account payee
cheque or an
account payee
bank draft
(a) Particulars of each receipt in an amount exceeding the limit specified in section 269ST, in aggregate
from a person in a day or in respect of a single transaction or in respect of transactions relating to one event
or occasion from a person, during the previous year, where such receipt is otherwise than by a cheque or
bank draft or use of electronic clearing system through a bank account
Name of the Address of the PAN of the Nature of Amount of Date Of receipt
Payer Payer Payer transaction receipt
(b) Particulars of each receipt in an amount exceeding the limit specified in section 269ST, in aggregate
from a person in a day or in respect of a single transaction or in respect of transactions relating to one event
or occasion from a person, received by a cheque or bank draft, not being an account payee cheque or an
account payee bank draft, during the previous year :-
Name of the Payer Address of the Payer PAN of the Amount of
Payer receipt
Nil Nil Nil Nil
(c) Particulars of each payment made in an amount exceeding the limit specified in section 269ST, in
aggregate to a person in a day or in respect of a single transaction or in respect of transactions relating to
one event or occasion to a person, otherwise than by a cheque or bank draft or use of electronic clearing
system through a bank account during the previous year
Name of the Address of the PAN of the Nature of Amount of Date Of
Payee Payee Payee transaction Payment Payment
(d) Particulars of each payment in an amount exceeding the limit specified in section 269ST, in aggregate to
a person in a day or in respect of a single transaction or in respect of transactions relating to one event or
occasion to a person, made by a cheque or bank draft, not being an account payee cheque or an account
payee bank draft, during the previous year
Name of the Payee Address of the Payee PAN of the Amount of
Payee Payment
Nil Nil Nil Nil
c Particulars of each repayment of loan or deposit or any specified advance in an amount exceeding the limit
specified in section 269T made during the previous year:—
Name of the Address of the PAN of the Amount of Maximum Whether the In case the
payee payee payee the amount repayment repayment
repayment outstanding was made was made
in the by cheque by cheque
account at or bank or bank
any time draft or use draft,
during the of whether the
previous electronic same was
year clearing taken or
system accepted by
through a an account
bank payee
account cheque or
an account
payee bank
draft
ANIL M.CHOPRA C/O. FLAT AAKPJ0529R 500000 500000 Yes-Cheque Account
NO.206 payee cheque
PARSHWANAGA
R APARTMENT-
2 ADAJAN PATIA
SURAT
- It is not possible for us to verify whether loans or deposits have been taken or accepted otherwise than by
a A/c payee cheque/bank draft, as the necessary evidence is not in possession of the assessee. Reporting
is corely on the basis of declaration received from assessee
- Interest & TDS figures are not considered in the above calculations and the accounts having only Interest
& TDS figures are not given in the list.
- PAN & Address have been reported on the basis of details provided by the management.
d Particulars of repayment of loan or deposit or any specified advance in an amount exceeding the limit
specified in section 269T received otherwise than by a cheque or bank draft or use of electronic clearing
system through a bank account during the previous year:—
Name of the payer Address of the payer PAN of the Amount of loan or deposit
payer or any specified advance
received otherwise than
by a cheque or bank draft
or use of electronic
clearing system through a
bank account during the
previous year
Nil Nil Nil Nil
e Particulars of repayment of loan or deposit or any specified advance in an amount exceeding the limit
specified in section 269T received by a cheque or bank draft which is not an account payee cheque or
account payee bank draft during the previous year:—
Name of the payer Address of the payer PAN of the Amount of loan or deposit
payer or any specified advance
received by a cheque or a
bank draft which is not an
account payee cheque or
account payee bank draft
during the previous year
Nil Nil Nil Nil
32 a Details of brought forward loss or depreciation allowance, in the following manner, to extent available:-
SN Assessment Nature of loss Amount as All Amount as Amount as Order No and Remarks
Year: /Depreciation returned losses/allowance adjusted by assessed Date
allowance s not allowed withdrawal
under section of additional
115BAA depreciation
on account
of opting for
taxation
under
section
115BAA (To
be filled in
for
assessment
year 2020-21
only)
b Whether a change in shareholding of the company has taken place in the : No

previous year due to which the losses incurred prior to the previous year
cannot be allowed to be carried forward in terms of section 79.
c Whether the assessee has incurred any speculation loss referred to in : No

section 73 during the previous year, If yes, please furnish the details of
the same.
Nil
d Whether the assessee has incurred any loss referred to in section 73A in : No
respect of any specified business during the previous year.
Nil
e In case of a company, please state that whether the company is deemed : No

to be carrying on a speculation business as referred in explanation to
section 73.
Nil
33 Section-wise details of deductions, if any, admissible under Chapter VIA or : Yes

Chapter III (Section 10A, Section 10AA).
Section under which Amounts admissible as per the provision of the Income-tax Act, 1961 and
deduction is claimed fulfils the conditions, if any, specified under the relevant provisions of
Income-tax Act, 1961 or Income-tax Rules,1962 or any other guidelines,
circular, etc, issued in this behalf.
80G 2500
34 a Whether the assessee is required to deduct or collect tax as per the : Yes
provisions of Chapter XVII-B or Chapter XVII-BB, if yes please furnish:
Tax Secti Nature Total Total Total Amount Total Amount Amount
deduction on of amount amount amount of tax amount of tax of tax
and collection payment of on on which deducte on deducte deducte
Account payment which tax was d or which d or d or
Number or tax was deducte collecte tax was collecte collecte
(TAN) receipt required d or d out of deducte d on (8) d not
of the to be collected (6) d or deposite
nature deducte at collecte d to the
specifie d or specified d at less credit of
d in collecte rate out than the
column d out of of (5) specifie Central
(3) (4) d rate Govern
out of (7) ment out
of (6)
and (8)
1 2 3 4 5 6 7 8 9 10
SRTS03865B 192 Salary 2450000 2450000 2450000 323300 0 0 0
SRTS03865B 194A Interest 132329 132329 132329 9925 0 0 0
other than
Interest on
securities
SRTS03865B 194C Payments 3103267 3103267 3103267 47858 0 0 0
to
contractor
s
SRTS03865B 194H Commissi 593585 593585 593585 27534 0 0 0
on or
brokerage
SRTS03865B 194-I Rent 275000 275000 275000 27500 0 0 0
SRTS03865B 194J Fees for 75200 75200 75200 6090 0 0 0
profession
al or
technical
services
SRTS03865B 206C Profits 2728336 2728336 2728336 2729 0 0 0
and gains
from the
business
of trading
in
alcoholic
liquor,
forest
produce,
scrap, etc
b Whether the assessee is required to furnish the statement of tax deducted : Yes
or tax collected, If yes ,please furnish the details:
Tax deduction Type of Form Due date for Date of Whether the If not, please
and collection furnishing furnishing, if statement of furnish list of
Account furnished tax deducted or details/transact
Number (TAN) collected ions which are
contains not reported
information
about all
transactions
which are
required to be
reported
SRTS03865B Form 24Q 31/03/2021 08/08/2020 Yes
SRTS03865B Form 26Q 31/03/2021 26/07/2020 Yes
SRTS03865B Form 24Q 31/03/2021 27/10/2020 Yes
SRTS03865B Form 26Q 31/03/2021 27/10/2020 Yes
SRTS03865B Form 24Q 01/02/2021 12/01/2021 Yes
SRTS03865B Form 26Q 01/02/2021 12/01/2021 Yes
SRTS03865B Form 27EQ 15/01/2021 12/01/2021 Yes
SRTS03865B Form 24Q 31/05/2021 04/05/2021 Yes
SRTS03865B Form 26Q 31/05/2021 06/05/2021 Yes
SRTS03865B Form 27EQ 15/05/2021 04/05/2021 Yes
c Whether the assessee is liable to pay interest under section 201(1A) or : Yes
section 206C(7). If yes, please furnish:
Tax Amount of interest under section Amount paid out of Date of payment.
deduction 201(1A)/206C(7) is payable column (2)
and
Collection
Account
Number(TAN)
SRTS03865B 9 60 10/07/2020
SRTS03865B 5 18 06/03/2021
SRTS03865B 0 6 05/05/2021
35 a In the case of a trading concern, give quantitative details of principal items of goods traded
Item Name Unit Opening Purchase Sale during Closing Shortage/E
stock during the the Stock xcess, if
previous previous any
year year
EMBROIDERY 107-numbers 1 32 32 1 0
MACHINE
PRINTER MACHINE 107-numbers 1 6 5 2 0
PAPER STRAW 107-numbers 1 0 0 1 0
MACHINE
KTL-A700 non 107-numbers 1 1 0 0
woven handle
sealing machine
KTL-B700 non 107-numbers 1 7 6 2 0
woven bag making
machine
KTL-B800 Non 107-numbers 6 5 1 0
Woven Bag Making
Machine(Double
Line)
KTL-C700 Non- 107-numbers 1 1 0 0
Woven Bag Making
Machine
KTL-C800 Non- 107-numbers 1 1 0 0
Woven Bag Making
Machine
KTL-W500 Non 107-numbers 1 1 0 0
Woven Bag Making
Machine
HAND HELD NON 107-numbers 1 1 0 0
WOVEN BAG
MACHINE
ULTRASONIC 107-numbers 1 1 0 0
SEWING MACHINE
PUNCHING 107-numbers 6 9 11 4 0
AIR COMPRESSOR 107-numbers 0 0 0 0 0
3HP
AIR COMPRESSOR 107-numbers 3 1 3 1 0
5HP
Electronic Voltage 107-numbers 4 1 2 3 0
STABLIZER
AIR PRESSURE 107-numbers 53 53 0 0
FILTER
ALLUMINIUM NOSE 107-numbers 2 2 0 0
PIN FIX MACHINE
ALUMINIUM 107-numbers 57 57 0
DEVIDER
ALUMINIUM NOSE 107-numbers 500000 500000 0 0
PIN
BOBBIN HOLDER 107-numbers 193 193 0
HOOK DIE PUNCH 107-numbers 29 5 28 6 0
MASK ROLLING 107-numbers 1 1 0 0
CUTTER
METAL PLATE 107-numbers 40 40 0 0
OIL PUMP 107-numbers 1 1 0 0
ROLLER 107-numbers 1 1 0 0
RUBBER PAD 107-numbers 28 24 52 0
SCISSOR 107-numbers 10 10 0 0
SECONDRY 107-numbers 1 1 0 0
SEALING MOULD
SENCER 107-numbers 2 2 0 0
SPARE PARTS 107-numbers 574 958 734 798 0
CONVERTERS
GENERATOR
HORN
CREEL 107-numbers 1 1 0 0
MASK 107-numbers 500000 500000 0 0
RESPIRATOR
PLASTIC NOSE PIN 107-numbers 75 75 0 0
PRINTER INK 107-numbers 24 24 0 0
DEVICE 107-numbers 413 361 548 226 0
CARD 107-numbers 122 4 0 126 0
EAR BELT 107-numbers 0 6 6 0 0
WELDING
MACHINE
EARLOOP 107-numbers 0 2 2 0 0
MACHINE
EARLOOP 107-numbers 0 4 4 0 0
MACHINE FOR
3PLY MASK
EDGE WELDING 107-numbers 0 1 1 0 0
MACHINE
3 IN 1 AUTOMATIC 107-numbers 0 1 1 0 0
MASK MAKING
MACHINE
FULLY AUTOMATIC 107-numbers 0 1 1 0 0
MASK MACHINE
MAIN MASK BODY 107-numbers 0 1 1 0 0
MACHINE
MASK PACKING 107-numbers 0 1 1 0 0
MACHINE
MASK ROLLING 107-numbers 0 1 1 0 0
CUTTER
MASK SANATIZER 107-numbers 0 2 2 0 0
MACHHINE
HOT AIR SEAM 107-numbers 0 26 19 7 0
SEALING MACHINE
N95 MASK MAKING 107-numbers 0 1 1 0 0
MACHINE
NON WOVEN MASK 107-numbers 0 1 1 0 0
MAKING MACHINE
PLASTIC NOSE PIN 107-numbers 0 1 1 0 0
FIX MACHINE
ULTRASONIC SPOT 107-numbers 0 4 4 0 0
WELDING
MACHINE
VALVE CUTTING 107-numbers 0 1 1 0 0
&PUNCHING
MACHIN WITH 1+1
MOUND
VALVE CUTTING 107-numbers 0 2 2 0 0
&PUNCHING
MACHIN WITH 2+2
MOUND
b In the case of manufacturing concern, give quantitative details of the principal items of raw materials,
finished products any by-products
(A) Raw materials : NA
(B) Finished products : NA
(B) By products : NA
36 In the case of Domestic Company, details of tax on distributed profits under : NA

section 115-O in the following forms:-
A Whether the assessee has received any amount in the nature of dividend : No
as referred to in sub-clause (e) of clause (22) of section 2, If yes, please
furnish the following details:-
Amount received Date of receipt
Nil Nil
37 Whether any cost audit was carried out. ?" : NA

Nil
38 Whether any audit was conducted under the Central Excise Act, 1944. ? : NA
Nil
39 Whether any audit was conducted under section 72A of the Finance Act,1994 : NA
in relation to valuation of taxable services, finance act 1994 in relation to
valuation of taxable service as may be reported/identified by the auditor. ?
Nil
40 Details regarding turnover, gross profit, etc., for the previous year and preceding previous year:
Particulars Previous year Preceding previous year
Total turnover of the assessee 130945314 199635942
Gross profit/turnover 11482621 130945314 8.77 12166158 199635941 6.09
Net profit/turnover 676202 130945314 0.52 1662513 199635941 0.83
Stock-in-trade/turnover 8994797 130945314 6.87 5853378 199635941 2.93
material consumed/Finished goods 0 0 0.00 0 0 0.00
produced
41 Please furnish the details of demand raised or refund issued during the : NA
previous year under any tax laws other than Income tax Act, 1961 and Wealth
tax Act, 1957 alongwith details of relevant proceedings.
42 Whether the assessee is required to furnish statement in Form No.61 or Form : No

No. 61A or Form No. 61B, If yes, please furnish
Income-tax Type of Form Due date for Date of Whether the If not, please
Department furnishing furnishing, if Form contains furnish list of
Reporting Entity furnished information the
Identification about all details/ details/transacti
Number transactions ons which are
which are not reported
required to be
reported
43 Whether the assessee or its parent entity or alternate reporting entity is liable : No
to furnish the report as referred to in sub-section (2) of section 286:
if yes, please furnish the following details:
Whether report has been Name of parent entity Name of alternate Date of furnishing of
furnished by the reporting entity (if report
assessee or its parent applicable)
entity or an alternate
reporting entity
Nil Nil Nil Nil
If Not due , please enter expected date of furnishing the report Nil
44 Break-up of total expenditure of entities registered or not registered under the GST.
(This Clause is applicable from 1st April,2022)
Total amount of Expenditure in respect of entities registered under GST Expenditure
Expenditure relating to
incurred during entities not
the year registered under
GST
Relating to Relating to Relating to other Total payment
goods or entities falling registered to registered
services exempt under entities entities
from GST composition
scheme
NA NA NA NA NA NA
For S. R. SOMANI & CO.
LAVKUSH Digitally signed by
LAVKUSH SOMANI
SOMANI Date: 2021.09.20

13:54:32 +05'30'
Ca. Lavkush Shashiranjan Somani
Partner
M. No. : 129473
FRN : 0110367W
Date : 13/09/2021 1001, Rathi Palace, Ring Road, Kamela Darwaja,
Place : Surat Surat-395002 Gujarat
Notes forming part of Form 3CD
1. Ref. – Point No. 21(a)
Disallowance to the tune of Rs.5000/- being donation made
Disallowance to the tune of Rs.318/- being interest on TDS made
Disallowance to the tune of Rs.56500/- being interest In Income Tax made
2. Ref. - Point No 21(d)(A)

Reporting has been done relying on certificate given by the management. However,
it is not possible for us to verify whether the payments in excess of Rs. 10000/- have
been made otherwise than by crossed cheque or bank draft, as the necessary
evidences are not in possession of the assessee.
3. Ref. - Point No. 23

The relationship & PAN have been reported on the basis of details provided by the
management.
4. Ref. - Point No. 31(a) & 31(b)

It is not possible for us to verify whether loans or deposits have been taken or
accepted otherwise than by a A/c payee cheque/bank draft, as the necessary
evidence is not in possession of the assessee.
Interest & TDS figures are not considered in the above calculations and the accounts
having only Interest & TDS figures are not given in the list.
PAN & Address have been reported on the basis of details provided by the
management.
5. Ref. - Point No. 33

Donations eligible for deduction u/s 80G are as under:
Rs. 2500/- being 50% of Rs. 5000/- of Donation made to PANDESARA WEAVERS
CO OP SOCIETY LIMITED. Pan :AAAAP3925A)
for KTL Textile Machines Private for S. R. SOMANI & CO.

Limited Chartered Accountants
ANIL Digitally signed by ANIL
MATHURADASS MATHURADASS CHOPRA LAVKUSH Digitally signed by
LAVKUSH SOMANI
Date: 2021.09.20
CHOPRA 13:35:17 +05'30' SOMANI Date: 2021.09.20
13:54:53 +05'30'
Anil Chopra CA. Lavkush Somani
DIN: 00966048 Partner
Director M. No. 129473
FRN: 110367W
Place : SURAT
Date : 13.09.2021
To
M/s. S. R. Somani & Co.
1001, Rathi Palace,
Opp. India Textile Market,
Ring Road,
Surat – 395002
Dear Sir,
Re.: Appointment as auditors to conduct audit as required u/s 44AB of The Income Tax Act, 1961
We are pleased to inform you that you have been appointed as auditors of KTL Textile Machines
Private Limited for the Assessment Year 2021-22 to conduct audit as required u/s 44AB of The
Income Tax Act, 1961. This appointment will be deemed to be renewed in every successive
assessment year until any change is not communicated to you through a written communication.
Thanking you,
Yours Faithfully,
For KTL Textile Machines Private Limited
ANIL
Digitally signed by ANIL
MEHUL Digitally signed by
MEHUL DINESHKUMAR
MATHURAD MATHURADASS CHOPRA
Date: 2021.09.20 13:55:43 +05'30' DINESHKUM KHATRI
ASS CHOPRA Date: 2021.09.20
AR KHATRI 13:56:03 +05'30'
Director Director
To
M/s. S. R. Somani & Co.
1001, Rathi Palace,
Ring Road,
Surat – 395002
Dear Sir,
Re.: Certification
This is to certify that:
1) All the payments relating to any expenditure covered under section 40A (3) i.e. expenditure of sum exceeding Rs.10000/- were
made by account payee cheques drawn on a bank or account payee bank draft, as the case may be.
2) All the loans and deposits are accepted through an account payee cheques or an account payee bank draft and the repayment
of loans and deposits are through an account payee cheques or an account payee bank draft.
3) Cash Balances: The cash balance as appearing in the books of accounts as on 31.03.2021 was physically verified and found
correct by us.
4) Bank/Loan Balances: All the bank accounts and loan accounts have been duly reconciled and the bank reconciliation
statement has been prepared, where required.
5) Stocks: Closing Stock has been valued on Cost or Market Value whichever is lower and has been physically verifies on
31.03.2021.
6) Debtors: All the debtors as appearing in books of accounts as on 31.03.2021 were good and realizable. Necessary provisions,
wherever required, have been made in books of accounts.
7) Fixed Assets: All the fixed assets held by us during the year under consideration have been included in the books of accounts.
8) Expenditure & Income: That all the expenditures and incomes have been accounted for upto the year-end on mercantile
(accrual) method of accounting except certain expenses like insurance exp, etc. which have been accounted for on cash basis on
year to year basis.
9) Loans or Deposits on Hundi: There were no loans or deposits taken on Hundi during the year.
10) Payment to Relative: Payments to Related parties as required under S. 40A(2)(b) of Income Tax Act, 1961, as reported in Form
3CD are correct.
11) Contingent Liabilities: There were no contingent liabilities against the concern at the closing of the year.
12) Quantity Details: Quantity details provided to the auditor are true and complete to the best of our knowledge and belief.
13) The financial statements are free of material misstatements, including omissions.
14) We have no plans or intentions that may materially affect the carrying value or classifications of assets and liabilities reflected
in the financial statements.
15) The allocation between capital and revenue has been done correctly and that no items of capital nature have been debited to
Profit & Loss account and vice versa.
16) No personal expenses have been charged to Profit & Loss account i.e. all the expenses charged to Profit & Loss accounts are
business expenditure/s and duly supported with necessary documents.
17) No fraud has been committed during the year.
18) No advertisement is given in souvenir, brochure, tract or pamphlet or like published by political party.
19) No expenditure have been incurred at any clubs as entrance fees and subscriptions or as costs for club services and facilities
used as except as disclosed.
20) All the investments have been shown at cost.
21) ICDS Declarations:
ICDS-I There were no changes in Accounting Policies adopted during the year
Accounting Policies
ICDS-II Inventories were valued at Cost or Market Value, whichever is less. Further, there were no
Valuation of Inventories changes in method of Inventory Valuation adopted by us during the year
ICDS-III Not Applicable
Construction Contracts
ICDS-IV All revenues accruing during the year under consideration have been duly recognized. Further,
Revenue Recognition there were no changes in Accounting Policies adopted by us during the year
ICDS-V As per certification received from the client, all tangible fixed assets during the year under
Tangible Fixed Assets consideration have been duly recognized and all intangible assets are depreciated at the
prescribed rates.
ICDS-VI There were no foreign exchange transactions during the year
Effects of Changes in
Foreign Exchange Rates
ICDS-VII No Government Grants were received during the year
Government Grants
ICDS-VIII There were no securities held as stock-in-trade during the year
Securities
ICDS-IX All the borrowing costs have been accrued during the year under consideration. There were no
Borrowing Costs borrowing costs eligible for capitalization during the year.
ICDS-X There were no Contingent Liabilities or Contingent Assets as on Balance Sheet Date.
Provisions of Contingent All the required provisions have been made during the year.
Liabilities and
Contingent Assets
Thanking you.
Yours faithfully,
For KTL Textile Machines Private Limited
ANIL Digitally signed by ANIL MEHUL Digitally signed by

MEHUL DINESHKUMAR
MATHURAD MATHURADASS CHOPRA
Date: 2021.09.20 13:56:31
DINESHKUM KHATRI
ASS CHOPRA +05'30'
Date: 2021.09.20
AR KHATRI 13:56:47 +05'30'
Director Director

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Tax Audit Report

[Assessment Year 2021-22]

KTL Textile Machines Private Limited

(b) the audited balance sheet as at 31st March, 2021

SN Qualification Type Observation/Qualification

For S. R. SOMANI & CO.

1 Name of the assessee : KTL TEXTILE MACHINES PRIVATE LIMITED

2 Address : U-9, ASHIRWAD SQUARE, SOSYO CIRCLE, U M

3 Permanent Account Number : AAHCS7722B

6 Previous year from : 01/04/2020 to 31/03/2021

7 Assessment year : 2021-22

9 a If firm or Association of Persons, indicate names of partners/members : NA

b If there is any change in the partners or members or in their profit sharing : NA

10 a Nature of business or profession.

b If there is any change in the nature of business or profession, the : No

c List of books of account and nature of relevant documents examined.

13 a Method of accounting employed in the previous year. : Mercantile system

b Whether there has been any change in the method of accounting : No

d Whether any adjustment is required to be made to the profits or loss for : No

e If answer to (d) above is in the affirmative, give details of such adjustments:

f Disclosure as per ICDS:

b In case of deviation from the method of valuation prescribed under section : No

16 Amounts not credited to the profit and loss account, being: -

a The items falling within the scope of section 28.

c Escalation claims accepted during the previous year.

d Any other item of income.

e Capital receipt, if any.

Descripti Rate Openin Adjust Adjus Additions Deducti Deprecia Written

Additions : (18r) Furnitures & Fittings @ 10%- Sec 32(1)(ii)

Additions : (18a) Plant & Machinery @ 15%- Sec 32(1)(ii)

Expenditure incurred at clubs being entrance fees and subscriptions

Expenditure by way of any other penalty or fine not covered above

b Amounts inadmissible under section 40(a):-

i. as payment to non-resident referred to in sub-clause (i)

(A) Details of payment on which tax is not deducted:

(A) Details of payment on which tax is not deducted:

iii. as payment referred to in sub-clause (ib)

(A) Details of payment on which levy is not deducted:

iv. Fringe benefit tax under sub-clause (ic) : Nil

v. Wealth tax under sub-clause (iia) : Nil

viii. Payment to PF/other fund etc. under sub-clause (iv) : Nil

d Disallowance/deemed income under section 40A(3):

g Particulars of any liability of a contingent nature

i amount inadmissible under the proviso to section 36(1)(iii) : Nil

23 Particulars of any payment made to persons specified under section 40A(2)(b).

(a) Paid during the previous year

(b) Not paid during the previous year;

B Was incurred in the previous year and was:-

(b) Not paid on or before the aforesaid date.

Rs. 3724927.17/ - COSTOM DUTY

A Whether any amount is to be included as income chargeable under the : No

B Whether any amount is to be included as income chargeable under the : No

30 Details of any amount borrowed on hundi or any amount due thereon : No

A Whether primary adjustment to transfer price, as referred to in sub-section : No

C Whether the assessee has entered into an impermissible avoidance : NA

b Whether a change in shareholding of the company has taken place in the : No

c Whether the assessee has incurred any speculation loss referred to in : No

e In case of a company, please state that whether the company is deemed : No