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    Srinivas Vutukuri AY 2021-2022: Computation of Income (ITR4)

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    forty one
    This document contains an income tax return (ITR4) for Srinivas Vutukuri for the assessment year 2021-2022. [1] It provides personal details like name, address, PAN, and bank account. [2] It summarizes the total income of Rs. 9,26,870 including losses from house property of Rs. 1,37,851 and business income of Rs. 12,14,724 under presumptive taxation. [3] The total tax payable is Rs. 1,10,940 including interest of Rs. 9,153.

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    Srinivas Vutukuri AY 2021-2022: Computation of Income (ITR4)

    Uploaded by

    forty one
    44 views3 pages
    This document contains an income tax return (ITR4) for Srinivas Vutukuri for the assessment year 2021-2022. [1] It provides personal details like name, address, PAN, and bank account. [2] It summarizes the total income of Rs. 9,26,870 including losses from house property of Rs. 1,37,851 and business income of Rs. 12,14,724 under presumptive taxation. [3] The total tax payable is Rs. 1,10,940 including interest of Rs. 9,153.

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    This document contains an income tax return (ITR4) for Srinivas Vutukuri for the assessment year 2021-2022. [1] It provides personal details like name, address, PAN, and bank account. [2] It summarizes the total income of Rs. 9,26,870 including losses from house property of Rs. 1,37,851 and business income of Rs. 12,14,724 under presumptive taxation. [3] The total tax payable is Rs. 1,10,940 including interest of Rs. 9,153.

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    Download as pdf or txt
    44 views3 pages

    Srinivas Vutukuri AY 2021-2022: Computation of Income (ITR4)

    Uploaded by

    forty one
    This document contains an income tax return (ITR4) for Srinivas Vutukuri for the assessment year 2021-2022. [1] It provides personal details like name, address, PAN, and bank account. [2] It summarizes the total income of Rs. 9,26,870 including losses from house property of Rs. 1,37,851 and business income of Rs. 12,14,724 under presumptive taxation. [3] The total tax payable is Rs. 1,10,940 including interest of Rs. 9,153.

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    of 3

    SRINIVAS VUTUKURI AY 2021-2022

    Address: FLOT NO 103 PLOT 152 153 BANDARI LAYOUT, QUTHBULLAPUR


    K.V.Rangareddy, TELANGANA - 500090
    Mobile: 91-8121968098
    E-Mail: [email protected]
    Computation of Income (ITR4)

    PAN: AEBPV1877P Status: Individual


    Date of Birth 09/06/1980 Residential Status: Resident
    Father's Name: GALAIAH Gender: Male
    Bank A/C no.: 5130138707 IFSC code: CITI0000006
    E-Filing Status: Not E-Filed Aadhaar Card Number: 272748723971
    Selected tax regime OldRegime

    Tax Summary (Amount in 'Rs')

    House Property -1,37,851


    Business and Profession 12,14,724
    Gross Total Income 10,76,873
    Less: Total Deductions - 1,50,000
    Rounded off from 9,26,873 as
    Total Income (Taxable) per Section 288A
    9,26,870
    Tax Payable 1,01,789
    Interest & Fees + 9,153
    Total Tax Payable 1,10,942
    Rounded off from 1,10,942 as
    Tax Due per Section 288B 1,10,940
    Taxes are applicable as per normal provision
    Please refer Annexure for details
    House Property Income

    Property 1 : FLOT NO 103 PLOT 152 153, BANDARI LAYOUT,, QUTHBULLAPUR, K.V.Rangareddy,
    TELANGANA, INDIA, 500090
    Occupancy of House Self Occupied
    Ownership 100
    Deduction : Interest on Borrowed capital us 24b -1,37,851
    Total Deduction -1,37,851
    Income From House Property 1 -1,37,851
    Total Income From House Property -1,37,851
    Business and Profession
    Particulars Amount
    Presumptive Income u/s 44AD 12,14,724
    Net Income under the head "Business and Profession" 12,14,724

    Section 44AD
    Business nature Business code Trade Name
    Computer training and educational institutes 14009 ONLINE COACHING
    Particulars From Non-Digital Transactions Total
    Gross Receipt 19,95,743 19,95,743
    Income u/s 44AD 12,14,724 12,14,724

    Deductions

    Section Gross Amount Deductible Amount


    80C (Total) 1,50,000 1,50,000
    Total 1,50,000
    Loss Report Collection
    Year of Loss Category of Loss SetOff Category Amount SetOff
    2021-2022 HouseProperty BusinessAndProfession Rs. 1,37,851
    Income Tax
    Total Income 9,26,870
    Basic Exemption 2,50,000
    Income Tax 97,874
    Health and Education Cess 3,915
    Total Tax 1,01,789
    Interest Due 9,153
    234A(0 month(s)) 2,034
    234B(6 month(s)) 6,102
    234C 1,017
    Payable 1,10,940

    Interest u/s 234C

    Percentage of
    Installment Tax Tax to be Tax Remaining Interest Interest
    Tax to be
    period Due Deposited Paid Tax due Rate u/s 234C
    Deposited
    1st Quarter
    0 15% 0 0 0 3% 0
    (Upto 15th Jun)
    2st Quarter
    0 45% 0 0 0 3% 0
    (Upto 15th Sep)
    3st Quarter
    0 75% 0 0 0 3% 0
    (Upto 15th Dec)
    4st Quarter
    1,01,789 100% 1,01,789 0 1,01,789 1% 1,017
    (Upto 15th Mar)
    1,017

    Taxes Paid
    (Self-Assessment Tax)

    Self-Assessment Tax

    BSR Code Date Challan No Amount


    U/S 140(A) 1,10,940

    Bank Account Details

    SI No. IFSC Code Name of the Bank Account No.


    1 CITI0000006 CITI BANK 5130138707

    Financial Particulars

    In case of presumptive income

    Financial particulars as on 31/03/2021


    Sundry Debtors 0
    Sundry Creditors 0
    Stock-in-trade 0
    Cash Balance 20,000

    Signature

    For SRINIVAS VUTUKURI

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