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Gajendra Sharma Tax Assessment Summary

Gajendra Sharma, an individual taxpayer with PAN FSDPS1878E, has filed income tax returns for the assessment years 2023-2024, 2024-2025, and 2025-2026, reporting income primarily from his dairy milk business. His total income for these years was 495,220, 655,980, and 658,810 respectively, with no tax payable due to rebates under section 87A. His financial particulars indicate no liabilities or inventories, with cash-in-hand reported at 18,780, 19,860, and 17,660 across the three years.

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0% found this document useful (0 votes)
7 views7 pages

Gajendra Sharma Tax Assessment Summary

Gajendra Sharma, an individual taxpayer with PAN FSDPS1878E, has filed income tax returns for the assessment years 2023-2024, 2024-2025, and 2025-2026, reporting income primarily from his dairy milk business. His total income for these years was 495,220, 655,980, and 658,810 respectively, with no tax payable due to rebates under section 87A. His financial particulars indicate no liabilities or inventories, with cash-in-hand reported at 18,780, 19,860, and 17,660 across the three years.

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NAME OF ASSESSEE : GAJENDRA SHARMA

PAN : FSDPS1878E
FATHER'S NAME : PRAMOD SHARMA
RESIDENTIAL ADDRESS : 819/102A, RAMPURI, RAMPURI, MUZAFFAR NAGAR, UTTAR PRADESH-
251002
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2023 - 2024
WARD NO : WARD 3 (1)(2) MZR FINANCIAL YEAR : 2022 - 2023
GENDER : MALE DATE OF BIRTH : 01/06/1976
EMAIL ADDRESS : sharma.gajendr1030@[Link]
RESIDENTIAL STATUS : RESIDENT
NATURE OF BUSINESS : DARY MILK
NAME OF BANK : PUNJAB NATIONAL BANK
IFSC CODE : PUNB0159100
ADDRESS : MUZAFFAR NAGAR
ACCOUNT NO. : 1591001700056128
OPTED FOR TAXATION : NO
U/S 115BAC
RETURN : ITR-4 : ORIGINAL (FILING DATE : 06/06/2023 & NO. : 203658040060623)
IMPORT DATE : AIS : TIS : 26AS : 06-06-2023 12.22 PM

COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND 495220


PROFESSION

PROFIT U/S 44AD - DARY MILK


PROFIT DEEMED U/S 44AD @ 8% OF RS. 1470450 117636
PROFIT DECLARED U/S 44AD 495220
PROFIT (HIGHER OF THE ABOVE) 495220
INCOME FROM OTHER SOURCES 379
BANK INTEREST 379
TOTAL 379

GROSS TOTAL INCOME 495599

LESS DEDUCTIONS UNDER CHAPTER-VIA


80TTA INTEREST ON DEPOSITS IN SAVINGS ACCOUNT 379
TOTAL DEDUCTIONS 379
TOTAL INCOME 495220
TOTAL INCOME ROUNDED OFF U/S 288A 495220

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 250000 NIL
TAX ON RS. 245220 (495220-250000) @ 5% 12261
TAX ON RS. 495220 12261
12261
LESS : REBATE U/S 87A 12261
TAX PAYABLE NIL

Financial Particulars of Business


Sundry creditors Nil
Total capital and liabilities Nil
Inventories Nil
Sundry debtors Nil
Cash-in-hand 18780
Total assets 18780
NAME OF ASSESSEE : GAJENDRA SHARMA
PAN : FSDPS1878E
FATHER'S NAME : PRAMOD SHARMA
RESIDENTIAL ADDRESS : 819/102A, RAMPURI, RAMPURI, MUZAFFAR NAGAR, UTTAR PRADESH-
251002
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2024 - 2025
WARD NO : WARD 3 (1)(2) MZR FINANCIAL YEAR : 2023 - 2024
GENDER : MALE DATE OF BIRTH : 01/06/1976
EMAIL ADDRESS : sharma.gajendr1030@[Link]
RESIDENTIAL STATUS : RESIDENT
NATURE OF BUSINESS : DARY MILK
NAME OF BANK : PUNJAB NATIONAL BANK
IFSC CODE : PUNB0159100
ADDRESS : MUZAFFAR NAGAR
ACCOUNT NO. : 1591001700056128
OPTED FOR TAXATION : YES
U/S 115BAC
RETURN : ITR-4 : ORIGINAL (FILING DATE : 27/05/2024 & NO. : 245074320270524)
IMPORT DATE : AIS : TIS : 26AS : 27-05-2024 08.01 PM

COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND 655870


PROFESSION

PROFIT U/S 44AD - DARY MILK


PROFIT DEEMED U/S 44AD @ 8% OF RS. 1789000 143120
PROFIT DECLARED U/S 44AD 655870
PROFIT (HIGHER OF THE ABOVE) 655870
INCOME FROM OTHER SOURCES 113
BANK INTEREST 113
TOTAL 113

GROSS TOTAL INCOME 655983


TOTAL INCOME 655983
TOTAL INCOME ROUNDED OFF U/S 288A 655980

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 300000 NIL
TAX ON RS. 300000 (600000-300000) @ 5% 15000
TAX ON RS. 55980 (655980-600000) @ 10% 5598
TAX ON RS. 655980 20598
20598
LESS : REBATE U/S 87A 20598
TAX PAYABLE NIL

Financial Particulars of Business


Sundry creditors Nil
Total capital and liabilities Nil
Inventories Nil
Sundry debtors Nil
Cash-in-hand 19860
Total assets 19860
NAME OF ASSESSEE : GAJENDRA SHARMA
PAN : FSDPS1878E
FATHER'S NAME : PRAMOD SHARMA
RESIDENTIAL ADDRESS : 819/102A, RAMPURI, RAMPURI, MUZAFFAR NAGAR, UTTAR PRADESH-251002
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2025 - 2026
WARD NO : WARD 3 (1)(2) MZR FINANCIAL YEAR : 2024 - 2025
GENDER : MALE DATE OF BIRTH : 01/06/1976
EMAIL ADDRESS : sharma.gajendr1030@[Link]
RESIDENTIAL STATUS : RESIDENT
NATURE OF BUSINESS : DARY MILK
NAME OF BANK : PUNJAB NATIONAL BANK
IFSC CODE : PUNB0159100
ADDRESS : MUZAFFAR NAGAR
ACCOUNT NO. : 1591001700056128
OPTED FOR TAXATION U/S : YES
115BAC
RETURN : ITR-4 : ORIGINAL (FILING DATE : 27/06/2025 & NO. : 205382280270625)
IMPORT DATE : AIS : TIS : 26AS : 27-06-2025 11.41 AM

COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND PROFESSION 6,40,880

PROFIT U/S 44AD - DARY MILK


PROFIT DEEMED U/S 44AD @ 8% OF RS. 20,80,980 1,66,478
PROFIT DECLARED U/S 44AD 6,40,880
PROFIT (HIGHER OF THE ABOVE) 6,40,880
INCOME FROM OTHER SOURCES 17,932
INTEREST FROM SAVING BANK AC 17,932
TOTAL 17,932

GROSS TOTAL INCOME 6,58,812


TOTAL INCOME 6,58,812
TOTAL INCOME ROUNDED OFF U/S 288A 6,58,810

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 3,00,000 NIL
TAX ON RS. 3,58,810 (6,58,810 - 3,00,000) @ 5% 17,940
TAX ON RS. 6,58,810 17,940
17,940
LESS : REBATE U/S 87A 17,940
TAX PAYABLE NIL

Financial Particulars of Business


Sundry creditors Nil
Total capital and liabilities Nil
Inventories Nil
Sundry debtors Nil
Cash-in-hand 17,660
Total assets 17,660

INTEREST FROM SAVING BANK A/C, CO-OPERATIVE BANK AND POST-OFFICE

INTEREST FROM SAVING BANK AC


Sr No Particular Amount
1 BANK INTEREST 17,932
Total 17,932

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