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    Ram and Company: Computation of Total Income (Revised) Income From Other Sources (Chapter IV F) 249800

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    THE GLOBUS
    Gurcharan Singh filed his individual income tax return for the assessment year 2020-2021. His total income was Rs. 249800 from other sources of dairy income. He had an agricultural income of Rs. 1010000. His adjusted total income did not exceed Rs 20 lakh so the alternative minimum tax was not applicable. After deducting an agricultural income rebate of Rs. 190440, his tax due was Rs. 0. Details of his agricultural income, bank accounts, and a statement of short-term capital gains were also provided.

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    Ram and Company: Computation of Total Income (Revised) Income From Other Sources (Chapter IV F) 249800

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    THE GLOBUS
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    Gurcharan Singh filed his individual income tax return for the assessment year 2020-2021. His total income was Rs. 249800 from other sources of dairy income. He had an agricultural income of Rs. 1010000. His adjusted total income did not exceed Rs 20 lakh so the alternative minimum tax was not applicable. After deducting an agricultural income rebate of Rs. 190440, his tax due was Rs. 0. Details of his agricultural income, bank accounts, and a statement of short-term capital gains were also provided.

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    comutation 2020-2021

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    Gurcharan Singh filed his individual income tax return for the assessment year 2020-2021. His total income was Rs. 249800 from other sources of dairy income. He had an agricultural income of Rs. 1010000. His adjusted total income did not exceed Rs 20 lakh so the alternative minimum tax was not applicable. After deducting an agricultural income rebate of Rs. 190440, his tax due was Rs. 0. Details of his agricultural income, bank accounts, and a statement of short-term capital gains were also provided.

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    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    37 views2 pages

    Ram and Company: Computation of Total Income (Revised) Income From Other Sources (Chapter IV F) 249800

    Uploaded by

    THE GLOBUS
    Gurcharan Singh filed his individual income tax return for the assessment year 2020-2021. His total income was Rs. 249800 from other sources of dairy income. He had an agricultural income of Rs. 1010000. His adjusted total income did not exceed Rs 20 lakh so the alternative minimum tax was not applicable. After deducting an agricultural income rebate of Rs. 190440, his tax due was Rs. 0. Details of his agricultural income, bank accounts, and a statement of short-term capital gains were also provided.

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    of 2

    LAKKAR MANDI

    RAM AND COMPANY


    CHARTERED ACCOUNTANTS WARD NO 16

    SRI KARANPUR-335073

    Ph. 9828362754

    Name of Assessee GURCHARAN SINGH


    Father's Name KASHMEER SINGH
    Address VPO KOHARIANWALI, FAZILKA,PUNJAB,152123
    E-Mail [email protected]
    Status Individual
    Residential Status Resident
    Sex Male
    Assessment Year 2020-2021
    Ward
    Year Ended 31.3.2020
    PAN HWHPS5088C
    Date of Birth 20/04/1976
    Original Return 25/02/2021 Serial No. 273830820250221
    Aadhaar No: 883828652341 Passport No.:
    Bank Name PUNJAB NATIONAL BANK , ,A/C NO:03014041000629 ,Type: ,IFSC:
    PUNB0030110
    Tele: Mob:9463969330

    Computation of Total Income (revised)

    Income from Other Sources (Chapter IV F) 249800

    Dairy Income 249800

    Gross Total Income 249800

    Total Income 249800


    Round off u/s 288 A 249800
    Agriculture Income 1010000
    Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

    Gross Tax Payable 190440


    Rebate Agriculture Income 190440
    Tax Due 0
    Tax Payable 0

    Details of Agricultural Income


    S.No. Particulars Amount
    i Agricultural Income 1600000
    ii Expenses relating to above Agricultural income 590000
    iii Brought forward loss as per part IV of Schedule I of the Finance Act 0
    iv Net Agricultural income for the year (i – ii – iii) 1010000
    NAME OF ASSESSEE : GURCHARAN SINGH A.Y. 2020-2021 PAN : HWHPS5088C

    Due date extended to 10/01/2021

    Statement of Short Term Capital Gain (Transaction Tax)


    Name of Company Date of Sale Sales Price Tr. Exp. Net Sale Purchase Purchase Loss u/s Capital
    Price Date cost 94(7)/(8) gain
    Share u/s 111A (1) Bef. 31/3 0 0 0 0 0 0
    TOTAL

    Bank Account Detail


    S. No. Bank Address Account No MICR NO IFSC Code Type
    1 PUNJAB NATIONAL BANK 03014041000629 PUNB0030110 (Primary)
    2 PUNJAB NATIONAL BANK 03012191004245 PUNB0030110

    Signature
    (GURCHARAN SINGH)
    Date-18.03.2021
    CompuTax : [GURCHARAN SINGH]

    Page 2

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