Income Computaion Excell File A.Y2024-25

Sir,

 

 

Please Send Income Computaion  Excell Format A.Y 2024-25(Business 44ad)

 

 

Thanking You,

Satyanarayana.

Replies (3)
Quick Summary
This discussion provides an Excel format for computing business income under Section 44AD for the Assessment Year 2024-25. It outlines the structure for calculating presumptive income based on gross receipts, allowing for relevant deductions. The provided format is a basic template for businesses opting for the presumptive taxation scheme and advises consulting a tax professional for accuracy.

I can provide you with a format for computing income for A.Y. 2024-25 under Section 44AD (Business):

Income Computation Format (A.Y. 2024-25)

*Business Details* -

 Business Name: ______________________________ - PAN: ______________________________ - Financial Year: 2023-24 (A.Y. 2024-25)

 *Gross Receipts* - Total Receipts: ₹____________________________ - Less: Deductions (if any): ₹_____________________ - Net Receipts: ₹____________________________

*Presumptive Income (44AD)* - 8% of Net Receipts (or 6% for digital transactions): ₹_____________________ *Less:

Allowable Deductions* - Business Expenses (if any): ₹_____________________ - Interest on Borrowings (if any): ₹____________________ - Depreciation (if any): ₹_____________________ *Total Deductions*:

₹_____________________ *Net Income (A.Y. 2024-25)* - ₹_____________________

Please note that this is a basic format and may require adjustments based on your specific business and expenses.

 Additionally, this format is for businesses that opt for the presumptive taxation scheme under Section 44AD.

 Please consult a chartered accountant or tax expert to ensure accurate calculations and compliance with the latest tax laws and regulations.

I can provide you with a format for computing income for A.Y. 2024-25 under Section 44AD (Business):

Income Computation Format (A.Y. 2024-25)

*Business Details* -

 Business Name: ______________________________ - PAN: ______________________________ - Financial Year: 2023-24 (A.Y. 2024-25)

 *Gross Receipts* - Total Receipts: ₹____________________________ - Less: Deductions (if any): ₹_____________________ - Net Receipts: ₹____________________________

*Presumptive Income (44AD)* - 8% of Net Receipts (or 6% for digital transactions): ₹_____________________ *Less:

Allowable Deductions* - Business Expenses (if any): ₹_____________________ - Interest on Borrowings (if any): ₹____________________ - Depreciation (if any): ₹_____________________ *Total Deductions*:

₹_____________________ *Net Income (A.Y. 2024-25)* - ₹_____________________

Please note that this is a basic format and may require adjustments based on your specific business and expenses.

 Additionally, this format is for businesses that opt for the presumptive taxation scheme under Section 44AD.

 Please consult a chartered accountant or tax expert to ensure accurate calculations and compliance with the latest tax laws and regulations.

 

thank you sir

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