A.Y.

2023-24
Name : Srinivasan P Previous Year : 2022-23
Father's Name : Padmanabhan N PAN : AQOPS 2288 Q
Address : 1376
C&D Block Status : Individual
Kuvempunagar, Mysuru - 570 023 Date of Birth : 30-Jul-1972

Resident
Statement of Income Rs. Rs. Rs.
1 Income from House Property
Let-out properties
Property-1: W-123,, 3RD AVENUE, -Chennai
Gross annual value 2,032,476
Less: Municipal taxes 57,612.25
Net annual value 1,974,864
Less: Standard deduction u/s 24(a) 592,459
Net Income from Property-1 1,382,405
Property-2: 1376, 1st Floor - Mysore
Gross annual value 18,000
Less: Municipal taxes
Net annual value 18,000
Less: Standard deduction u/s 24(a) 5,400
Net Income from Property-2 12,600
Property-3: FLAT NO B-303, LE TERRACE - Bengalore
Gross annual value 353,870
Less: Municipal taxes 9,909
Net annual value 343,961
Less: Standard deduction u/s 24(a) 103,188
Less:Interest on borrowed capital u/s 24(b) 87,782
Net Income from Property-3 152,991
Income chargeable under the head "House Property" 1,547,995
2 Profits and gains of Business or Profession
Profession-1: INCOME FROM PROFIT AND LOSS ACCOUNT
Net Income Before Tax as per P & L a/c 7,822,465.68
Add: Inadmissible expenses & Income not included
Depreciation as per P&L A/c 155,772
37 disallowance 60,000
40 disallowance 11,335
Expenses/losses consider under other head 155,303 382,410
8,204,876
Less: Deductible expenditure & income to be excluded
Exempted Income U/s 10(10D) 12,500
Incomes considered separately 2,923,335
Adjusted Income of Profession-1 5,269,040
Total income of Business and Profession 5,269,040
Less: Depreciation as per IT Act 173,093
Income chargeable under the head "Business and Profession" 5,095,947
3 Income from other sources
Interest income 554,621
Income chargeable under the head "other sources" 554,621

Less - Brought forward losses set off -

4 Gross Total Income 7,198,564
Deductions under Chapter VI-A
80D: Mediclaim Policy 75,000
80TTA: Interest on Saving a/c 10,000
80G : Donation 60,000 30,000
Investment u/s 80C, CCC, CCD
Life insurance premium 150,000
Tuition fees 160,700
Housing loan repayment 152,218
Deduction subject to ceiling u/s 80CCE 150,000 265,000.00
5 Total Income 6,933,564
 A.Y. 2023-24
Name : Srinivasan P Previous Year : 2022-23
Father's Name : Padmanabhan N PAN : AQOPS 2288 Q
Address : 1376
C&D Block Status : Individual
Kuvempunagar, Mysuru - 570 023 Date of Birth : 30-Jul-1972

Resident
Statement of Income Rs. Rs. Rs.
Total income rounded off u/s 288A 6,933,570
 A.Y. 2023-24
Name : Srinivasan P Previous Year : 2022-23
Father's Name : Padmanabhan N PAN : AQOPS 2288 Q
Address : 1376
C&D Block Status : Individual
Kuvempunagar, Mysuru - 570 023 Date of Birth : 30-Jul-1972

Resident
Statement of Income Rs. Rs. Rs.
Tax on total income 1,892,571
Add: Surcharge 189,257
Tax with Surcharge 2,081,828
Add: Cess 83,273
Tax with surcharge and cess 2,165,101
Net Tax 2,165,101
TDS 1,142,895
Advance Tax 600,000
Total prepaid taxes 1,742,895
Balance Tax 422,206
Interest u/s 234A
Interest u/s 234B 12,664
Interest u/s 234C 21,516 34,181

6 Self Assessment Tax Paid 500,000

7 Refund (43,613)

Date : [ SRINIVASAN P ]
Place : Mysuru
 P. SRINIVASAN
Balance Sheet as on 31-03-2023

2021-22 Liabilities 2022-23 2021-22 Assets 2022-23

36,182,536.19 Capital 40,647,629.78 25,957,009.40 Fixed Assets 27,160,987.22
( Schedule - 1 )

- Secured Loan Investment

- 155,000.00 Mutual Fund 185,000.00
998,659.00 Housing loan - HDFC,Mysore 846,441.00 800,000.00 HDFC Life 800,000.00
1,676,205.18 Gold Investment 1,879,705.18
- 2,925,320.00 LIC 4,417,972.08
354.00 Shares 354.00

Current Assets,Loans
4,335,251.44 Unsecured Loan 4,620,897.12 Advances:
(Sch 6) 1,010,000.00 Loans and Advances 390,000.00
( Schedule - 2 )
8,710,576.50 Deposits ( Schedule - 3) 9,237,668.90
335,972.54 Bank Balance 1,748,248.97
( Schedule - 5)
Current Liabilities &
3,894,389.59 Provisions (Sch 7) 2,199,281.90 10,383.70 Cash 37,231.45

257,940.00 Raj Concretech - Balance With Revenue

3,410,586.60 Authorities 1,742,895.00
( Schedule - 4 )

Other Current Assets:

26,565.00 Rent receivable -
633,572.00 Consultancy receivable 714,187.00
17,231.32 Interest Accrued -

45,668,776.24 48,314,249.80 45,668,776.24 48,314,249.80

As per report of even date

For Loknath An Co.,
Chartered Accountants

Sd/- Sd/-
(S.Loknath) ( P.Srinivasan )
Proprietor
Mem.No.19676
Firm Reg.No. 001876S
Place : Mysore
Date : 30/08/2023
UDIN :23019676BGXXYU7250
 P.SRINIVASAN
Profit and Loss account for the year ending 31-03-2023
2021-22 Particulars 2022-23 2021-22 Particulars 2022-23
3,501.37 Bank charges 4,642.92 Consultancy Fees -
168,000.00 Clinic rent paid 168,000.00 6,397.00 BGS - Apollo -
133,155.60 Clinic Consumables 373,831.40 7,969,500.00 Clear Medi Healthcare Pvt Ltd 8,846,450.00
- Clinic Maintenance 44,264.00
- Interest on Loan 11,111.01 - Clinic 314,400.00
250,001.00 Donation 60,000.00 128,334.00 Sun Pharma 75,000.00
5,000.00 Miscellaneous Expenses 40,100.00 Others 792.00
- Income Tax Paid 11,334.60
15,308.00 Insurance on Prof. Idemnity 4,248.00
16,568.00 Membership & Subcription 32,626.34 Rental Income
25,971.00 Power charges 78,244.28 163,350.00 Mysore 18,000.00
90,572.00 Interest on New Flat- HDFC 87,782.00 1,186,800.00 Karnataka Bank Ltd 1,186,800.00
68,720.00 Property tax - Chennai 57,612.25 484,200.00 UTI - AMC 484,176.00
15,100.00 Property tax - Mysore - 270,000.00 Tokio life 345,000.00
4,484.00 Property tax - Bangalore 9,909.00 206,000.00 Flat- Bangalore 260,000.00
1,321,000.00 Salary & wages 1,668,000.00 Flat- Bangalore2 93,870.00
165,156.79 Staff welfare expenses 174,285.00 Flat- Chennai 16,500.00
9,919.50 Printing & Stationery 6,060.00
- Water Charges - Interest received
47,986.92 Telephone expenses 57,988.39 50,537.91 Savings Bank A/c 28,957.00
744,375.18 Traveling expenses 1,059,588.30 392,592.00 Interest On FD & RD 490,032.30
57,333.90 Vehicle Insurance & Maintenance 51,584.00
2,900.00 Repairs & Maintenance - LIC Survival benefit 12,500.00
47,400.00 Rent Paid (Staff) 193,000.00
18,356.00 Office Expenses -
70,300.49 Writeoff - Assets -
257,940.00 Modification of Clinic Interiors -
0.75 Round off 27.96
154,227.50 Depreciation 155,772.17

7,164,432.91 Net Profit Before Tax 7,822,465.68

2,031,211.02 Provision For Taxations 2,199,281.90
5,133,221.89 Net Profit Before Tax 5,623,183.79

10,857,710.91 12,172,477.30 10,857,710.91 12,172,477.30

As per report of even date
For Loknath An Co.,
Chartered Accountants

Sd/-
(S.Loknath) Sd/-
Proprietor ( P.Srinivasan )
Mem.No.19676
Firm Reg.No. 001876S
Place : Mysore
Date : 30/08/2023
UDIN :23019676BGXXYU7250
 P. SRINIVASAN
Schedules for the FY 2022-23

Particulars 2022-23 2021-22

Schedule 2
Loans and Advances
Advance for purchase of land - MUDA 110,000.00 110,000.00
Skanda Developers - 780,000.00
Rental Advance 280,000.00 120,000.00
-
390,000.00 1,010,000.00

Schedule 3
Deposits
FD - HDFC 4,339,187.70 6,336,303.50
RD - HDFC 1,413,862.20 38,673.00
FD - ICICI 1,315,933.00 215,933.00
FD -Axis Bank 1,115,891.00 1,069,536.00
FD - Karnataka Bank 1,052,795.00 1,050,131.00
9,237,668.90 8,710,576.50
Schedule 4
Balance With Revenue Authorities

Advance Tax A.Y. 2022-23 - 450,000.00

Advance Tax A.Y. 2022-23 - 500,000.00
Advance Tax A.Y-2023-24 600,000.00 -
Self Assessment Tax AY 2021-22 680,000.00
TDS A.Y. 2021-22 736,946.00
TDS A.Y. 2022-23 1,043,640.60
TDS A.Y. 2023-24 1,142,895.00 -
1,742,895.00 3,410,586.60

Schedule 5
Cash & Bank Balance
Canara Bank 11,110.20 30,267.20
Karnataka bank 198,620.29 10,829.58
SBI - Mysore 19,936.14 19,407.14
ICICI Bank - Mysore 27,832.93 24,952.89
Axis Bank Limited 90,187.05 49,249.00
HDFC Bank 1,349,925.80 155,738.53
Axis bank Joint A/c 31,132.29 31,132.29
Kotak Mahindra bank 19,504.27 14,395.91
1,748,248.97 335,972.54

SCH
 P. SRINIVASAN
Schedules for the FY 2022-23
Schedule 6
Unsecured Loan
-
Loan from Kasthuri 1,783,000.00 2,413,000.00
Loan from Brother 683,230.00 683,230.00
Loan from Balaji 300,000.00 300,000.00
CITI card (19,222.23) (144.90)
ICICI credit card (183.58) (183.58)
ICICI credit card (4,476.33) (5,068.33)
Rental Advance - Banlgore Flat 107,000.00 107,000.00
Rental Advance - Karnataka Bank 252,247.25 252,247.25
Rental Advance - Karnataka Bank 303,571.00 303,571.00
Rental Advance - Mysore 1st Floor 127,500.00 127,500.00
Rental Advance - FLAT CHENNAI 50,000.00 50,000.00
Rental Advance - UTI CHENNAI 50,000.00 50,000.00
Rental Advance - Rohit Ravi - (3,900.00)
Rental Advance - 58,000.00
Rental Advance - Ashish Shrivast (Bangalore) 100,000.00 -
Rental Advance - Eswaripalani ( Chennai) 30,000.00 -
Rental Advance - Balaji (Mysore) 100,000.00 -
Rental Advance - K T Ranjith (Bangalore) 90,000.00 -
Vehicle Loan 210,118.01 -
ICICI Current A/c 458,113.00 -

4,620,897.12 4,335,251.44
Schedule 7
Current Liabilities & Provisions -
Provision For Taxations 2,199,281.90 3,894,389.59
Duties And Taxes -
2,199,281.90 3,894,389.59

SCH
 P. SRINIVASAN
Schedule for the Depreciation for the FY 2022-23

Particulars Opening Balance Additions Additions Deletions Closing Balance Opening Dep for the Dep on Total Disallowance WDV as on WDV as on Rate of
>180 Days <180 Days Depreciation Year Deletion 31/03/2022 31/03/2022 Dep

Agricultural Land 1,375,382.00 1,375,382.00 - - - - - 1,375,382.00 1,375,382.00 -

Site - Skanda Enlcave No 49 630,000 630,000.00 630,000.00 -
Site - Skanda Enlcave No 50 630,000 630,000.00 630,000.00 -
Site - Vph Property 1,725,950.00 200,000.00 1,525,950.00 1,525,950.00 1,725,950.00
Building - Mysore 11,494,641.10 11,494,641.10 - - - - - 11,494,641.10 11,494,641.10 -
Building - Chennai 1,625,000.00 1,625,000.00 - - - - - 1,625,000.00 1,625,000.00 -
Sriram - Bangalore - Flat 2,430,763.00 2,430,763.00 2,430,763.00 2,430,763.00 -
Vgn - Chennai - Flat 1,874,906.00 1,874,906.00 1,874,906.00 1,874,906.00 -
Land ( Stamp Duty Paid ) 1,910.00 1,910.00 - - - - - 1,910.00 1,910.00
Flat Bangalore 4,497,914.00 4,497,914.00 - - - - - 4,497,914.00 4,497,914.00 -
Computer 160,247.00 160,247.00 121,628.21 15,447.52 - 137,075.73 - 23,171.27 38,618.79 40%
Mobile Phone 93,224.51 93,224.51 58,179.01 3,504.55 - 61,683.56 - 31,540.95 35,045.50 10%
Furniture & Fixture 335,150.00 40,000 375,150.00 159,686.75 21,546.32 - 181,233.08 - 193,916.92 175,463.25 10%
Equipments 148,946.41 148,946.41 59,185.95 8,976.05 - 68,161.99 - 80,784.42 89,760.46 10%
Car Innova 1,280,562.00 1,280,562.00 931,620.99 52,341.15 - 983,962.14 - 296,599.86 348,941.01 15%
Car Manza - - (0.00) - - (0.00) - 0.00 0.00 15%
Car Maruti Wagon R 473,926.00 - - 473,926.00 279,413.78 29,176.83 308,590.61 165,335.39 194,512.22 15%
Tvs Xl Super 27,418.00 - - - 27,418.00 17,853.11 1,434.87 - 19,287.98 - 8,130.02 9,565.78 15%
Two Wheeler 259,750 259,750.00 - 19,481.25 19,481.25 240,269.64 15%
Led Tv 52,999.00 - 52,999.00 14,362.73 3,863.63 - 18,226.36 34,772.64 38,636.27 10%
- - - - - - - - -
Total 27,598,939.02 40,000 1,519,750 200,000.00 28,958,689.02 1,641,930.52 155,772.17 - 1,797,702.69 - 27,160,987.22 25,957,009.40
Total 27,470,199.51 77,250 121,790 70,300.49 27,598,939.02 1,487,703.01 154,227.50 - 1,641,930.52 - 25,957,009.40 25,912,196.90
 P. SRINIVASAN
Capital Account for the FY 2022-23

2021-22 Particulars 2022-23 2021-22 Particulars 2022-23

183,195.96 Drawings 398,055.87 34,705,995.75 Balance b/d 36,182,525.78

- -
- Drawing - Cash 250,000.00 5,133,221.88 Net profit from P & L 5,623,183.79
34,094.00 Mediclaim Policy 107,619.72
3,188,668.98 College Fees 1,888,250.00 171,915.00 Additions 205,783.95
271,308.85 Tution fees 160,700.00 College Fees Refund 984,406.00
15,082.00 Locker Rent Paid 15,295.40 HDFC Insurance matured 648,248.25
76,790.00 Flat Maintanance 86,942.00 Gift From Mother 630,000.00
59,456.64 Medical Expenses 20,008.00
House Repairs 69,647.00
Gift to Wife 630,000.00

36,182,525.78 Balance c/f 40,647,629.78

40,011,132.62 44,274,147.77 40,011,132.62 44,274,147.77

( P.SRINIVASAN )
Name: SRINIVASAN P A. Y. 2019-2020

Schedule 13
Depreciation as per Income Tax Act
WDV as on Additions used Additions used Depreciatio WDV as on 31-
Block Rate 01-Apr-2018 >=180 days <180 days Deletions Total n Mar-2019 ^
4: Furniture, electrical fittings.. 10% 284,629 67,900 352,529 35,253 317,276
5: Plant, machinery, cars 15% 1,274,248 1,274,248 191,137 1,083,111
8: Computer, Energy saving devices, etc. 40% 40 53,500 53,540 21,416 32,124
Total 1,558,917 121,400 1,680,317 247,806 1,432,511