Praveen Jain S/o Parasmal
Assessement Year : 2023-24 Address : No. 539 1st Floor
Year Ending : 31.03.2023 8th Main Road
Status : Individual Vijaynagar , Bangalore- 560040
Date of Birth : 27/01/1972
Bank Name : Union Bank PAN : ECLPP7422Q
Branch Name : Vijay Nagar A/c No. : 517602010080008
IFSC Code : UBIN0551767 Aadhar : 9362-1010-3997
Computation of Total Income
Income from Capital Gains
Short Term Capital Loss ( C/f To 23-24 Fy) (16,844) -
Income from Business
Net Profit from Arihant Granite And Tools 561,676
Income from other source
Interest & Other Income -
S.B Interest -
Gross Total Income 561,676
Less : Dedn U/s 80C -Tution Fees 115,000
Dedn U/s 80TTA - S.B Interest -
Total Income 446,676
Rounded off to 446,680
Tax Thereon 9,834
Add : Edu cess @ 4% 393
10,227
Less : Rebate U/s 87A (10,227)
-
Less : TDS (3,617)
Tax Refund Due (3,617)
Praveen Jain S/o Parasmal
Capital A/c
" Drawings 112,340 By Balance B/d 4,101,820
" Tution Fee 115,000 Income Tax Refund 3,620
" TDS 194 A 3,617 Dividend Received 300
" TDS 194 30 Interest From Systech Technologies
Interest From Supernovaa Ventures
STCL On Sale Of Shares 16,844 S.B Interest
Interest On Income Tax Refund
Net profit from Arihant Granite &
" Balance C/d 4,436,429 Tools 561,676
4,667,416 4,667,416
Balance Sheet as on 31.03.2024
Capital A/c 4,436,429 Investment in Arihant Granite & Tools 2,464,899
Motor Vehicle 85,000
Systech Technologies 27,229
Supernovaa Ventures 600,000
Sundry Loans & Advances 355,000
Praveen Jain Huf 580,000
Cash @ Bank
- Union Bank 2,675
- ICICI Bank 26,234
Cash @ Hand 295,391
4,436,429 4,436,429
Arihant Granite & Tools
Balance Sheet as on 31.03.2024
Capital A/c 2,464,899 Closing Stock 2,863,450
Anitha Kothari 590,000
Sampath Raj Jain 600,000 Sundry Debtors (As Per List) 3,226,370
Mahima GST Credit Ledger 112,007
Cash @ Bank
ICICI Bank 201,194
Sundry Creditors (As Per List) 4,114,901
Cash @ Hand 186,779
7,179,800 7,179,800
Trading & Profit & Loss Account for the year ending 31.03.2023
To Opening Stock 2,041,230 By Sale A/c 8,541,629
To Purchases 8,624,254
To Gross Profit c/d 739,595 By Closing Stock 2,863,450
11,405,079 ###
" Accounting Charges 12,000 By Gross Profit b/d 739,595
" Shop Rent 156,000
" Bank Charges 2,848
" Electricity Charges 3,950
" Sundry Shop Expenses 3,121
Net Profit 561,676
739,595 739,595
Arihant Granite & Tools
Sundry Creditors Sundry Debtors
Bhavani Maa Stone 97,940 Arihant Marble And Granite 1,660,000
Hema Stone 2,225,022 Divine Granites Point (79,085)
Mahadev Granite And Marble 307,539 Manasi Stone 1,412,409
Shiv Granite 53,100 P.R.R Enterprises 183,486
Shree Shambulingeswara Trader 951,405 Upaan Enterprises 49,560
Shree Tirupati Granites 479,895
4,114,901 3,226,370
Praveen Jain S/o Parasmal
Assessement Year : 2022-23
Year Ending : 31.03.2022
Status : Individual
Date of Birth : 27/01/1972
Bank Name : Union Bank
Branch Name : Vijay Nagar
IFSC Code : UBIN0551767
Capital A/c
" Drawings 101,230
" Tution Fee 45,000
" TDS 194 A 7,800
" Balance C/d 3,826,380
3,980,410
Balance Sheet as on 31.03.2022
Capital A/c 3,826,380
3,826,380
Computation of Total Income
Income from Business
Net Profit from Arihant Granite And Tools
Income from other source
Interest & Other Income
S.B Interest
Arihant Granite & Tools
Balance Sheet as on 31.03.2022
Capital A/c 2,610,223
Narendra Kumar 710,000
Mahima
Sonal Dangi 64,250
Sundry Creditors (As Per List) 3,736,298
7,120,771
Trading & Profit & Loss Account for the year ending 31
To Opening Stock 1,884,850
To Purchases 3,901,063
To Gross Profit c/d 566,980
6,352,893
" Accounting Charges 12,000
" Shop Rent 130,000
" Bank Charges 6,608
" Electricity Charges 3,340
" Sundry Shop Expenses 1,007
Net Profit 414,025
566,980
Sundry Creditors
K.K Granites 212,980
Kamran Granites 429,336
Shreetools (70,067)
Sai Granites 122,720
Shiv Granite 50,000
Sonal Marbles 94,400
Shree Shambulingeswara Traders 2,741,075
Tiles Mart Chennai 155,854
3,736,298
en Jain S/o Parasmal
Address : No. 539 1st Floor
8th Main Road
Vijaynagar , Bangalore- 560040
PAN : ECLPP7422Q
A/c No. : 517602010080008
Aadhar : 9362-1010-3997
Capital A/c
By Balance B/d 3,444,635
Interest From Systech Technologies 78,000
S.B Interest 180
Sundry Interest Income 43,570
Net profit from Arihant Granite & Tools 414,025
3,980,410
Sheet as on 31.03.2022
Investment in Arihant Granite & Tools 2,610,223
Motor Vehicle 85,000
Systech Technologies 577,850
Anitha Jain 280,000
Praveen Jain Huf 200,000
Cash @ Bank
- Union Bank 3,340
- ICICI Bank 17,905
Cash @ Hand 52,062
3,826,380
414,025
121,570
180
Gross Total Income 535,775
Less : Dedn U/s 80C -Tution Fees 45,000
Dedn U/s 80TTA - S.B Interest 180
Total Income 490,775
Rounded off to 490,770
Tax Thereon 12,039
Add : Edu cess @ 4% 482
12,520
Less : Rebate U/s 87A (12,520)
-
Less : TDS (7,800)
Tax Refund Due (7,800)
ant Granite & Tools
Sheet as on 31.03.2022
Closing Stock 2,041,230
Parasmal Jain 50,100
Sundry Debtors (As Per List) 4,518,017
GST Credit Ledger 96,647
Cash @ Bank
ICICI Bank 9,781
Cash @ Hand
Cash @ Hand 404,996
7,120,771
Account for the year ending 31.03.2022
By Sale A/c 4,311,663
By Closing Stock 2,041,230
6,352,893
By Gross Profit b/d 566,980
566,980
Sundry Debtors
Ambika Marbles 111,404
Chandan Marble Granite 495,768
Divine Granites Point 48,775
Hari Om Granites 165,196
Krishna Tiles 91,160
P.R.R Enterprises 783,486
Sambhav Rocks India Pvt. Ltd. 2,436,916
Shiristhi Industries (80,500)
Shiva Granite 320,606
Silpa Shree Enterprises 25,370
Sri Manjunath Traders 131,737
SRI Ranganatha Granites (46,357)
Subbayya Medical College (22,184)
Upaan Enterprises 56,640
4,518,017
(42,842)