Income Computaion Excell File A.Y2024-25

Tax queries 220 views 3 replies
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accountant
23 Points Joined March 2024

Sir,

 

 

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

 

 

Thanking You,

Satyanarayana.

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On 29 October 2024 at 15:07 Report
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Master in Accounts & high court Advocate
9489 Points Joined December 2011

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.

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On 29 October 2024 at 15:13
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Master in Accounts & high court Advocate
9489 Points Joined December 2011

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.

1 Reply
On 29 October 2024 at 15:13
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accountant
23 Points Joined March 2024

 

thank you sir

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On 04 November 2024 at 08:16


CCI Pro

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