LALIT R.

JAIN
110/111, MAHAVIR MARKET,
195/197, ZAVERI BAZAR,
MUMBAI-400002

ACCOUNTING YEAR ENDED : 31 MARCH 2022

ASSESSMENT YEAR : 2022 - 2023 P.A.N : AEUPJ 9590 A
STATUS : INDIVIDUAL RESIDENTIAL STATUS :ORDINARY RESIDENT

STATEMENT OF TOTAL INCOME AMOUNT

1 . INCOME FROM HOUSE PROPERTY

RENT RECD (RESI) 286,500
LESS: DEDUCTION @ 30% 85,950 200,550

2 . INCOME FROM BUSINESS

NET INCOME AS PER INCOME & EXPENDITURE ACCOUNT 120,430

3 . INCOME FROM OTHER SOURCES

INT RECD FROM BHAWANI JEWELLERS 208,996
FDR INT 3,288
BANK INTEREST 25,714 237,998

GROSS TOTAL INCOME 558,978

LESS : DEDUCTION UNDER CHAPTER VI-A

U/S 80C : LIC,SCHOOL FEES 150,000
U/S 80D : MEDICLAIM 25,000
U/S 80TTA : SAVING BANK INT 10,000 185,000

TOTAL INCOME 373,978

R/OFF 373,980
NOTES :
1. TAX PAYABLE 6,199

LESS: REBATE U/S 87A 6,199

-

LESS: TDS RECD 2,169

REFUND DUE (2,169)
2 . GENERAL PARTICULARS

NAME : SHREE PARASMANI

ADDRESS : AS ABOVE

NATURE OF BUSINESS : MANUFACTURERS & DISTRIBUTORS OF GOLD

ORNAMENTS & BRANDED GOLD PLATED ITEMS
BOOKS OF ACCOUNT MAINTAINED
ALL NECESSARY BOOKS

METHOD OF STOCK VALUATION

AT :COST OR MARKET VALUE WHICHEVER IS
LESS
 BRANCHES : NIL

3 . LIC REFUND OF RS 7,72,778 IS EXEMPT U/S 10(10D)

SHRI PARASMANI
( PRO. LALIT R JAIN)

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2022

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO OPENING STOCK 8,128,320 BY LABOUR RECD 216,847

TO PURCHASES 218,952 BY CLOSING STOCK 8,347,272
TO BANK CHARGES 283
TO ACCOUNTING CHGS 7,500
TO DEPRECIATION 32,692
TO SALARY EXPS 3,500
TO SHOP EXPS 952
TO ELECTRICITY CHGS 34,952
TO CONVEYANCE EXPS 5,359
TO TELEPHONE EXPS 11,179

TO EXCESS INCOME OVER

EXPEND TRASF CAPITAL A/C 120,430

TOTAL 8,564,119 TOTAL 8,564,119

-
CAPITAL ACCOUNT AS ON 31ST MARCH 2022

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO DRAWINGS 120,000 BY BALANCE B/D 779,853

TO TDS RECD 2,169 BY NET INCOME TRANSFERRED FROM
INCOME & EXPENDITURE ACCOUNT 120,430
BY CAPITAL TRANSFER 86,740

TO BALANCE C/D 864,854

TOTAL 987,023 TOTAL 987,023

SHRI PARASMANI
( PRO. LALIT R JAIN)

BALANCE SHEET AS ON 31ST MARCH 2022

LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT 864,854 FIXED ASSETS

ACTIVA 20,386
LAPTOP 3,617
UNSECURED LOANS AC 195
HAGMIBAI H JAIN 210,200 BIKE 1,771
LAXMAN KUMAR 196,219 MOBILE 10,961
PUSHPABAI M JAIN 210,199 MOTOR BIKE 14,166
RUKMANI R JAIN 325,863 NEW MOTOR CAR 124,117
RUPAL JAIN 6,475,786 STOCK IN HAND 8,347,272
NEELU L JAIN 120,000 (GOLD 2507.595 GMS)

PROVISIONS LOANS & ADVANCES

ACCOUNTING CHGS 7,500 GST C/F 33,352
ELECTRICITY CHGS 2,920
TELEPHONE CHGS 530 SUNDRY DEBTORS
CHODANKAR JEWELLERS (DAHISAR) (103,000)
SUNDRY CREDITORS CASH & BANK BALANCE
SHREE AMBIKA JEWELLERS(KANDIVALI) 104,998 CASH IN HAND 9,737
AJEET KUMAR MAJI (L) 126,965 KOTAK MAHINDRA BANK 183,460

TOTAL 8,646,034 TOTAL 8,646,034

0
LALIT R. JAIN

CAPITAL ACCOUNT AS ON 31ST MARCH 2022

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO DRAWINGS 120,000 BY BALANCE B/D 8,073,413

TO LIC 229,165 BY PROFIT FROM PARASMANI 120,430
TO BANK CHGS 1,016 BY BANK INTEREST RECD 25,714
TO LOCKER RENT 1,770 BY LIC REFUND 772,778
TO TDS RECD 2,169 BY RENT RECD (RESI) 286,500
TO SCHOOL FEES 54,837 BY INT RECD FROM BHAWANI JEW 208,996
TO MEDICLAIM 36,630 BY IT REFUND 1,350
BY FDR INT 3,288

TO BALANCE C/D 9,046,882

TOTAL 9,492,469 TOTAL 9,492,469

-

BALANCE SHEET AS ON 31ST MARCH 2022

LIABILITIES AMOUNT ASSETS AMOUNT

CAPITAL ACCOUNT 9,046,882 FIXED ASSET

FLAT 550,000
SECURED LOAN SHOP (1/2 ) 689,200
LIC LOAN 1,082,750 INVESTMENT
INVESTMENT IN SHREE PARASMANI 864,854
SHARES 10,139
UNSECURED LOAN LOANS & ADVANCES
DHARAMCHAND JAIN 223,162 BHAWANI JEWELLERS 3,322,163
PARWATI BAI CHAVAN 44,700 RUPLAL JAIN 10,000
ROOPLAL SINGHVI HUF 930,555 NEELU L JAIN 200,000
PRADEEP MOTILAL 126,777 FD WITH PUNJAB 68,321
RUKMANI R JAIN (1/2) 596,742
SUNDRY CREDITORS OTHER ASEETS 4,966,243
AMRISH RASHIKLAL SHAH (34,104) CASH & BANK BALANCE
APPRIOA RETAIL PVT LTD 36,990 PUNJAB NATIONAL BANK 34,364
ROHAN URBAN DEVELOPMENT (41,691) CASH IN HAND 103,995

TOTAL 11,416,021 TOTAL 11,416,021

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