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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2013 pls refer below P & L
------------------------------------------
Particular ! Amount ! Perticular ! Amount
Op.Stock ! 3637827 ! Sale ! 9664896
Purchase ! 4834401 ! Cl.stock ! 00
Direct Exp ! 335371 ! !
Gross Profit! 857295 ! !
--------------------------------------------
Indirect Exp! 1515264 !Gross Profit ! 857295
Net Profit ! 383747 !div/interest ! 41716
! !Factory Rent !1000000
---------------------------------------------
Note-Audit is not done as turnover of sale is below 1 crore.PLEASE TELL MY TAX LIABILITY
THANKING YOU
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 December 2013 Net profit is business income 3,83,747
Income from other sources 10,47,716
(Div + rent)
================
Total Income 14,31,463
Tax liab
Upto 2,00,000 Nil
2,00,001-5,00,000 @10% 30,000
5,00,001-10,00,000 @20% 1,00,000
>10,00,000 (4,31,463 * 30 %)
Total Income Tax
Add: 3% edu cess
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 December 2013 Net profit is business income 3,83,747
Income from other sources 10,47,716
(Div + rent)
================
Total Income 14,31,463
Tax liab
Upto 2,00,000 Nil
2,00,001-5,00,000 @10% 30,000
5,00,001-10,00,000 @20% 1,00,000
>10,00,000 (4,31,463 * 30 %)
Total Income Tax
Add: 3% edu cess
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