Professional Documents
Culture Documents
COMPUTATION
COMPUTATION
COMPUTATION
2022-2023
Description Amount
Rent 48,000
Gross annual value 48,000
Less: Municipal taxes NIL
Net annual value 48,000
Less: Standard deduction u/s 24(a) 14,400
Net Income from Property-1 33,600
Property-2: Flat 205 Chakan 4
Description Amount
RENT 36,000
Gross annual value 36,000
Less: Municipal taxes 45,142
Net annual value -9,142
. Interest on borrowed capital u/s 24(b) 5 45,142 45,142
Net Income from Property-2 -54,284
Property-3: FLAT NO.10, SIDDHIVINAYAK 6
Description Amount
RENT 1,61,000
Gross annual value 1,61,000
Less: Municipal taxes NIL
Net annual value 1,61,000
Less: Standard deduction u/s 24(a) 48,300
Net Income from Property-3 1,12,700
Income chargeable under the head "House Property" -1,07,984
... 2
2
Atul Shankar Prabhune Asst year: 2022-2023
... 3
3
Atul Shankar Prabhune Asst year: 2022-2023
Schedule 1
Details of the property
FLAT AT OM RELATOR, PUNE-411018, Maharashtra
Details of Owner
Owner Self
Assessee's share in the property (%) 100
Schedule 2
Interest on Borrowed Capital
Particulars Amount
INTEREST 2,00,000
Total 2,00,000
Schedule 3
Details of property
Flat 8, Ganga Sidhivinayak Prabha, Nigdi, Pune-411044,
Maharashtra
Details of Owner
Owner Self
Assessee's share in the property (%) 100
Schedule 4
Details of property
Flat 205 Chakan, Chakan, Pune-410501, Maharashtra
Details of Owner
Owner Self
Assessee's share in the property (%) 100
Schedule 5
Interest on Borrowed Capital
Particulars Amount
INTEREST 45,142
Total 45,142
Schedule 6
Details of property
FLAT NO.10, SIDDHIVINAYAK
Details of Owner
Owner Self
Assessee's share in the property (%) 100
... 4
4
Atul Shankar Prabhune Asst year: 2022-2023
Schedule 7
Income from partnership firm
Name: Sai Packaging Industries
PAN AAEFS1046A
Whether Firm is liable for audit? Yes
Whether Section 92E is applicable to the Firm? No
Capital Balance on 31st March 1,83,61,723
Share of Profit (%) 60
Share of Profit - exempt u/s 10(2A) 22,56,774
Taxable income
Interest on capital 17,71,735
Salary 8,80,000
Gross Taxable income 26,51,735
Net Taxable income 26,51,735
Schedule 8
Amount
Others
Interest from partnership firm 17,71,735
Salary from partnership firm 8,80,000
Income considered under other heads
Rent received 1,61,000
Interest received 45,746
Grand total 28,58,481
Schedule 9
Interest income (other than NSC/KVP interest)
Name of the Bank Interest
Interest on Time Deposits
Canara Bank 891
Central Bank of India 489
Total 1,380
Interest on Savings a/c (80TTA)
HDFC Bank 904
Corporation Bank 3,061
Central Bank of India 35,850
ICICI Bank 1,049
IDBI Bank 3,224
Canara Bank 650
KOTAK 1,008
... 5
5
Atul Shankar Prabhune Asst year: 2022-2023
Total 45,746
Taxable Interest 47,126
Schedule 10
80D-Medical Insurance Premium/Contribution,
Medical expenses, etc.
In respect of Parents Insurance Medical Health check-up
Premium expenses
In respect of Self / Family
Others 25,000
Total 25,000
Schedule 11
TDS as per Form 16A
Deductor, TAN TDS TDS claimed Gross receipt
deducted in current year offered
Avadhoot Paper Products, TAN- MUMA02275A 1,02,680 1,02,680 20,53,606
Canara Bank, TAN- BLRC19653E 0
Central Bank Of India, TAN- PNEC05738F 0
Total 1,02,680 1,02,680 20,53,606
Schedule 12
Advance tax paid
Name of the Bank and BSR Code Date of deposit Challan Sl.no. Amount
Union Bank of India-0290179 14-Jun-2021 24368 1,00,000
Union Bank of India-0290179 14-Sep-2021 24975 25,000
Union Bank of India-0290179 15-Dec-2021 32480 1,25,000
Union Bank of India-0290179 15-Mar-2022 25014 1,00,000
Total tax 3,50,000
Date : 29-Nov-2022
Place : Pune (ATUL SHANKAR PRABHUNE)