Computation Of Income(educationpoint.co.cc)

t' I

I

=-'*-

ffi,fiw

U"l fr}RS$##*K##^,:' f llrlllllrllEllEillllrllrllrllnlIlliltIlllilr,taua,,a,,a,,r,,aut,,r,,]trlt]trltril!t Inceme from Business computation of,,, Taxabre Income fram Busines.s of Mr. zuboir Aram ' ; for the Assessment7ear (2005 - ZOOb) InCdme -from . Busin" " " Account. Net Pro-fit as per profit/Loss

Add

ts allowed fDis- admissi

:

1.

"2.

5. 6. 7. 8. 9. 10. 11. L2. 13.

L4. 15. 16. 17. 18. 19.

24. 21. 22.

23. 24.

25. 26. 27.

28. 29. 30. 31. 32. 33. 34. 35. 36. ALAIV, 1

Repairs (House property) PPP Reserve for Repairs PPP Repairs & Renewal Reserve trPP Taxes [House property) PPP I:rt-& Municipal Taxes (House proplrffJ PPP Income Tax PPP Taxation Reserve PPP Income Tax Reserve PPP Reserve for Income Tax PPP Income Tax provision PPP Provision for Income Tax PPP Wealth Tax PPP Gift tali PPP Gifts and Presents PPP Gifts to Employees PPP Secret Reserve PPP Bad Debts Reserve PPP Reserve foi Bad Debts PPP Reserve for Bad & Doubt fui Debts PPP Provision for Bad & Doubt ful Debts PPP Contingency Reserve PPP Any Reserves & Funds PPP Interest on Capital PPP Excess Depreciation PPP Contribution to Staff Welfare Fund PPP Contribution to Staff provident Fund PPP D onation/ Charity/ Subscription PPP Donation to Hospital PPP Donation to Educational Institution PPP Donation to National Defence Fund PPP Donation to Prime Ministers Nationai Relie FundPPP Purchases of Books PPP Purchase of personal Assets PPP Personal Expenses PPP Motor Car Expenses PPP Loss on Sale of I4vestment PPP

INSNruTE XIALAM

INSilru

€* @/nv rllrlllllllllllrllrllrllrllrlltllrlltll]llil]tlilril]t]t]llilrlt]t]t]tlillrtrilrh AIAM INSII]UIE ixAIAM

_

-

INSIITUIFX]

n

?7. Loss qn- Revaluation of Investment 38. Loss on-Sale of Fixed Assets 39. Loss on Revaluation of Fixed Assets

-

40. Advance to Suppliers 4L. Liability Foregone 42. Rent of premises belonging to the proprieto 43. Household Expenses

44. Cost of new Sign Board 45. Cost of pucca Well

46. Proprietor,s Sala4r 47. Life Insurance premium 48. Legal Charges for personal Work Legal Expenses for Smuggling of Goods 19. 50. Purchase of Capital nxpJiaiture 51. Addition to Business *emises

5_?. , Family planning Expenditure (Exempt)

53. 21. 55.

Advertisement Or, Free Sample {Exempt} Patent Rights {Less : DeprecLdon @ ZEJt"l Other Miscellaneous Expenses/LoJses

Less : Incomes ns Dis-ailoweci s-admissibl 1. Rent of Property {House property} 2. Rent of House property 3. Rent of Buitdings (House property) 4. Dividend Or, Dividend received 5. Dividend on Shares 6. Interest on Investment 7. Interest on Debenture 8. Interest on Government Bonds 9. Interest on Securities 10. Interest from post Office Cash Certificate 11. Interest from post Office National Savings 12. Bank Interest received 13. Interest on Relief of Advance Tax 14. Profit on Sale/Revaluation of Investment 15. Prolit on Sale of Fixed Assets 16. Profit on Revaluation of Fixed Assets 17. Bad debts recovered dis_ailowed 18. Part Time Salary 19. Other Miscellaneous om Business (_ -rr

-rr?r<:_-cJrp+rF\g-

..===-___=*

\r r*=J/

rcmti---%%*ffi

-

PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP

PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP

ificatePPP PPP PPP PPP PPP PPP PPP PPP PPP

r"

fnr*

€X lllrllrllrllrllEllEllrlllllrllrllrllnlnlilllililt!ilrlt$ttilrltiltilllillltrilril]tlt /

computation

of

Taxabre Income from profession of Mr. Zubair Aram fortheAssessmentgear QOAS - ZOOOI Particulars

Income from Profession : Gross Pro fessional Incomes

Professionai Fees Legal Fees Fees Received Income from Acting as Special Commission Special Commission Fees Presents from a Clients Special deputation Fees Other Miscellaneous Remuneration from Articles trr-rblished in Professional Jour riais

(B) (Medical 1.

2. 3. 4. 5.

6. 7.

PPP PPP PPP PPP PPP PPP PPP PPP PPP

practitioned

Professional Fees Fees Received

Consultation Fees Visiting Fees Sales of Medicines Gifts & Presents from patients Other Miscellaneous

(*)

PPP PPP PPP PPP PPP PPP PPp

(A) {Chartered Accountantl 1.

2.

-

J.

4. 5. 6.

Audit Fees Consultation Fees Appellate Tribunal Appearance Gifts & Presents from Clients

PPP PPP PPP DDL ltt

Professional Fees Fees Received Other Miscellaneous

l-ry,

PPP

f{))ILlt<eA,T

(+)

f*

lK>lr\nf

PPP PPP PPP

PPP

AII-AINYJ /ni) (fl/Nealr N4lfissflom

vIJ :irg Cornnrgrornmd Ramalhrfi:I" s:_rIl"]_1"

.'F..

rllrllrllllllllEllrllEllrllrllEllIllIllnlilllilrltril]llilIltntIlt]trlt]t]trilrltrt ALAM INSIIIUIE;AIAM INSIIIUIE#AIAM lNSTllUitt-.iALAM

less : Gross Pro essional i. c 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 1A 1+. 15. 15.

17. 18. 19.

24. 21. 22.

23. 24.

25. 26. 27.

28. 29. 30.

lNSIlUft-:

'admissib

Office Expenses Office Rent, Rates Taxes Rent paid/Salaries paid Rent of Clinic Rent of Chamber Rent of Dispensary Salaries & Wages Printing & Stationary Subscription of Larv Journais General Expenses Miscellaneous Ofhce Expenses Telephone Expenses Insurance Premium Journal Subscription Interest on Loan Car Expr:nses Proporti,:nate Magazine Subscription Motor Car Expenses Cost of Medicines Electric ChargeslWater Bills Cost of Books/Magazines Local Taxes/M. Taxes Depreciation Motor Car (Depreciation @ t5o/ol Type Writer (Depreciation @ 1S%) Surgical Equipments (Depreciation @ t|%l Books/Professional Books (Depreciation @ 600/o I @ rcO%) Other Subscription to Chartered Accounra Institute of India (Compulsory Subscriprion Travelling Expenses Other Miscellan

.a."*i*fi?E/ f"ur ,rl

ySSiltUiF

PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PFF PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP

)

income from Profession (+) Or, Loss from professio

PPP

ALANfr M$STITUJTtr [-IEARF$ GO(DID C€-)NzffireRCre I@DTIYC-A3T]I@]NT

-$

Incalne from Efo,use Proogfu : H*use PrcPerag (qwq vqfu) olncome from House prapeftg" trw ba"sis of chnrge lnder the head ;alue oi ProPertY.

-*

o'l;noa'o,nrrrts

ttlB Anrtual

,ands lpryrt",?ant trrcre to, a\aclwd land) EfppgrtA-Ueans bttildinct and Of 114ich the sssc{:cnP is the otuner, and

of anig

tiit

k

i..tssessee

ls-

Builctu.t.Q

iir(

,or

,.,-:J-llg-ProPSrtA)

(iii)Wfuchisnotusedforpurposesofassessee,sbusinessOr' Profession. &ppen snoUa

rttri A:-4t941!9-

(section 22)

any building or' land rhe annual va-lue of pr:opei'tJ consistilS 9r trre owner' other than such appurtenant thereto of which the iis.sessee is for the.purpose of 'any portions of such property as he ilnay occupythe profits of which are irusiness or, any professiori t-itrt-ie<1 by him' to Income:"*-:ffii rhargEable to tr.'come Tax, shalt be chargeable - 1e61 .#*----

'l\1

ilw3tr: 'ALAM

.....-.-....*...-_... .....secti on22: rncomeraxAct

t

ir-mFi sr1ffr ynd6. s=T

{uFrT

of qrft

t ffiffiT

q{ 3{lrl jfrt ffitt'3{elcn .n-i{ e.tft Eg 'fltrr d *ffif. @ qs q-d fiffi td qranq 3{QIqr tt o{ETCil €].t t 3fl}q fr€ 22

*ftqli*q;{Sio-{dl*ffiar*fiw3nqzF-{di{r(TT

...ALAM INSTITLJ"'NINU

TNS

:r-re-a-'F5G,.6,

q.STEM INSTITUTE'

re 1

?//fur- t4" e64'ttt4ta& 6"4':t'4 a ec
Income .from Xfouse Pro?ertv .L.$,{ INSTITIJ (l\
frl be gi"':

*

Aou'

qu"fuil

Gross Anrtual uctlue (i) Mutticiltul 1'11' r1? fti) Fair Rr:r it'i; \ tt!i!i'

(i) (it)

ExPected l"t'r':t Standarcl l?r'r'rf tt,lrt'rt etter is tnot'e but ito't tnare thatt slctttdtlrd Rent

(i) ExpectetT Rettl,' strt' Rett (ii) Actual Rertt

XXXX

xxxx

,

IrE'ALAM ift (Note : Standard. Rent is ftot ta be giuen

Gross Annuctl ua'ltte

INIIIIUItr

AO

:

xxxx ., MurticiPul t''ttl'ue x)LXx Fair Rettrtl Value as Expected Rettt 1,lrii..l1 (,t,t)t is more Rs. ' ----- (r'nr';t'e antouttt)

(t) (A

xxxx \\xx (ii) Allrirtl lit rr; Aruual ttolue: is nore J{s.. ----- (ttt()ft'e ctrrrcunt)as Gros's

(i)

E.xPected Rcritl

ffi[TruJTre I

TT'.TWZ-,

ZrAA"r*

fl-{')

..--,r--.
ile &au'nsr+ ful/*ea ot' ctst' pdla""

--fli

Income .from ffIouse ho?ertu

of

House ^Propetlu for the AssessmerutYear (2008 - 2OO9)

Computation of Taxablt: Income

fno*

Atnount

Paftiailars

Amount

()ttt / House Let)| Income frorn House Prollerty : (I'eti House wlticlt is couerr:cl unrler Rettt Control Act

I

I

Gross Annual

a

ML z'Alam

Value

I

iil MuniciPal value iii) Fair Rental r'alui

)ol\x

{i} ExPectecl Rent (ii) Stdndard Rent lvhich ever is less Fls,_-

xxxx

xxxx

1

I

xx)Lx

Which errer is tnore iils.. ---,-- eis L'-'ipe! te
-- as Exper:tetl Rentf std. Rent )aooi (i) Expectecl RerltiSt'i. Rerlt )ooo< iii) Actual Rent --:-- as Gross,Annu @:s.. Less : rtf.-lAul}lqpal&,\ (Ni,tru-qui@) iiir unreatises-Bei:'t

xxxx )offix

Annual.ValuerA\,lor,NetAt.ttttlc,lValuerN.A.V/ Less '. Deductiort u,'s 2!! (i) Standard Declu<:tiort tt/ s,24 ( i 'l

-

xtoo(

XXXX

xxxx

xxxx

Rttle

-. i ( )r. li' l"v Rs. 'rrrr

({L3A%of

\\XX

(ii) hfierest on Locltt u/ s 24. ( til in taken for the l)rlrl)ilst. 0f : ..... I'ttt't::hasing; Repairing, FIou se i otr (jr, con stnnct]91^qf' the r odelling, reconstrut: t reiating to previous veal QAOT - 2008):

r

Buls (Full Amount - i'io Limit aPPlies| Rs. s.x'rx

(iit) Nlditional

lr"tterest on Loan

w's 24 (iiil

I

Rttle

] tn of ltrterest iDePosit) 5 Rs -',irx Lu*" ft! :om.e fronr House Prop",I! &ut 04) /

WA.r* thp &nnrz& 6u/*4a

X-\X)i p1

ct' tt&01

pet Out)

pdfid""

- xllxx

xxxx

ffi,'

Inc,trye from lfouse PropertA Computation

of Taxable Income from House Propertg of Mr. Z. Alafrt forthe Assessment.gear

(2OO8 - 2009)

Pnfticulars

Income from House Propertg : (I,et - Out / I{ouse Let) House tuhiclt is rrof couered under Ren.t Cottrol A

Qross Anryual Value

(i)

Municipal value Fair Rental r'alue {ii) Which evel is more Rs.. ---_- as nxpectaa ncnt

(i)

Expected RenL Rent Which ever is more Rs.. ----- as Gross,A.nnual r-alue

(ii) Actual Less

:

(i) Municipai

Ta-r

{ii) Lrnrealised

l$frUeiU.rl l'ax paid b-v ori neri

_[E11t

Anrtual Yalue {A.Vl Or, I{et AnrMaI V'alye /N.A.q Less : Dedyction u/ s 24 (i) Standard" Deductiort tl s 24 ( i I Rule

r@

3Oo,'"

of t. :,i Ol', ii . A. V Rs. pi,rr

(ii) Loan taken for the purpose of : ..... Purchasing, Repairing, remodelling, reconstruction Or, constrtu'ction of the House relating to previous vear (2007 - 2008) Rule (Frrll An-roLlnt - No Lirnit appllies) Rs. x-sr

(iii) adaitional Inter.est an Loqn w/ s 2.4 (iii.l

ltn 5

Income

Rule

of Interest (Deposit) Rs.

xpoi

E\.\X

ttt Hous Properlg (Let Out)

I'ALAM nrsrrT

/

Loss Jiorn House

-

)a(xx

g (Let Out)

E.ALAM INSTTTUTE.ALAM INSTITUTE.ALAM TNSTITUTE

Tr .rr?f- ."*\-rJg-<:[-.-f

vJ l_mss'T_rfTuJ-T r*c, (

f

C:l-<--(-)> <-C)>]-T-t>,:

=D',

?,l6zrre ile

I]::.,-l IJr<:C*,r{>;l1J:r-

C:)>:lS/fEIR/aI:fED', l I.:-C=>:IFS-

-<"--: <

lE<<-.'<='rRF-

&mputation of raxabte Income fro* House hopertg of Mr. z.Alam for

the: Assessme

ntt year IOAS _ ZOO7I

Pctrliculars

Income from House_ Prat:ertU: lSci/. Occupied. House) ( S el.t O q c'u p i e d H ou s e ,1 _Se{ Aeqglr34llglHou Se./

Annugl ualue u,/F 23 (.1)!lL Less .' Deductlons (i) Intgfest ory Lp_W_tti;. e!rtry) .. ,i1l 1o .r!(i.lliril i-)r, illj tii L!ir

Ioss from

SeIJ'

,,,

Qcatpier] House

t computation of TTyable.incanie

.fr-,orn Harce .for tlrc As.ses.srnettt i|so, (ZOO?

Income

?aIIV

prcww of Mn z. Alan

- Zenal-

from f-{o-tLse property :

Le:t

p:tt:l1g_p{}tflU Sef Occl&ipA : {-} roo<x

Let Out House [..os.s)

Add : Self Ocvtpied

Fi,.>ust'

lloss/ Loss from House propertg

(-|

>ooo<

@

Computation of Taxable lnconur .lrorn House Prroltefty of Mr. Z.Alam ,for the Assessrrrrltti !/ear (2OOS

[rrcome

- 2o0e)

from House propertg :

Partlu kt lt?t and peirttu Self occtlpied Let aut House (fizcone) (+| :ooor

less:

Self Ouupi*d Housr,,

/Loss/

Income from House Propefiy

(-) :cuor

]ffi

AM ;NStTTTJTE.ALAM rNsTlfiirs :rlLA\a,tNSTmVrn. ?rilie/te t6e &autzrtr* 6cq*oa cr, 6e(t, pdlL...

co,meuntion of

v"n';::::Itr"#;;:;:;s"rr"{

Mr Zubair Atam

1. }1l fees Or, Co**i.*io., .."iGa by an Employee from'a person other than this

^ 2. A

+. 5. 6. 17

B.

9. 10. 11.

12. 1-

tJ.

14. 15.

76. 17. 18. 19.

20.

Empi.jr.r. Any fees Or, Commission not chaig".Ut. under the head Business Or, profession,. Any annuit5r received under a wilr. It does not inciude an annuit5r received by an employee from tris-emptoye. Interest received by an employee on his own contribution to an unrecognised provident fund Interest on Deposits Interest on Bank Deposits

Interest on Deposit received from a Bank interest on Fixid Deposit ..".iu.a from a Bank Interest on Savings Bank Deposit received from a Bank Interest on Deposit received irom post office Interest on Fixed Deposit received from post oflice Interest on savings Bank Deposit received post rlifice rrom Interest on Recuring Deposiireceived post from office Interest on cumurative ti*. Deposit received from posr office Interest received on Deposits with c"-;;;;Iri". Bank Ltd. Interest on Deposits received from " a Firm Interest received on securities of Co_op".utive society Interest of Debentures of a Co_operative society All Interest other than Interest on Securiti.s .1g., Interest on Bank Deposits, Interest on Bank loan Interest on Securities & Others :_ (a) Government Securities i (b) Commercial Securities Foreign Government Securities l:l Foreign I Commerclal Securitles (at (e) Government Bonds (0 Foreign Government Bonds Municipal Corporation Bonds !g) Allahabad (i) Development eo"A. (h) Port Trust Bonds (t) State Electricity Board Bonds (k) National Development Bonjs 0 Capital Investment Bonds (m) Debentures {n) Debentures i.ssusd by a Company (o) Debenture of a Co_oierative society (p) Debentures is-ssuea UV Oevllopment Authority (q) Savings Certificat."prr.fr...a

PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP

PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP

Particwlars

2I. 22. 23. 24. 25. 26.

Dividend Dividend Dividend Dividend Dividend Dividend

Amount Amount

received on Shares received from an Indian Company on Shares received from a Foreign Company on Preference Shares received from an Indian Compe ny on Equity Shares received from an Indian Company on Shares received from a Co-operative socief'

PPP PPP PPP PPP PPP PPF

Final Dividend on Preference Shares received from an Indian ( o . PPP PPP Final Dividend on Equity Shares received from an Indian Co. indian PPP on from an Company Shares received Interim Dividend PPP Income froin sub- letting House PPP Income received from (tenant) sub- letting the world whole Or, part of the House Property PPP 32. Ground Rent PPP 33. Ground Rent for Land PPP 34. Income from Land (Months) PPP 35. Income from Plot of Land urePPP 36. Rental income from Land, Building, Plant, Machinery &.Furni PPP 37. Rent on Land not appurtenant to any Building PPP 38. Income from markets, ferries and fisheries, etc. PPP 39. Income from Land used for market PPP 4A. Income from lease hold property PPP 4I. Income of Royalty PPP 42. Royalty from a coal mine PPP 43. Royalty from Books 44. Royalty for writting Books PPP 45. Income from Lectures PPP 46. Honorarium for delivering Lectures in a registered sociery PPP PPP 47. Income from Articles & Journals 48. Remuneration received for writing articles in journals PPP 49. Remuneration received by a Teacher or, a Lawyer for doing PPP Examination work 50. Reqruneration received by a Teacher or, a Lawyer for doing PPP Invigilation work 51. Radio talk-Remuneration PPP 52. Examination Remuneration PPP 53. Income from Examinership (Remuneration) PPP 54. Income from Invigilation (Remuneration) PPP 55. Income from Foreign Securities PPP 56. Income from Card Games PPP 57. Income from Bettings PPP 58. Income from Chess PPP 59. Scholarship PPP 60. Director's fees PPP 61. Director's sittings fees PPP 62. Director's Commission for giving guarantee to Bank PPP ALAM INSTITUTE"* ALAM INSTITIITE TUTE ALAM INSTITUTE .-.-3 ALAM INSTITIJTE

27. 28. 29. 30. 31.

*

I

IMSSTTNTTUYTre AT-AN4I F$ear Nffissfl@m Cornnrrcxoumd RamcThfi:rr la-aarli-trElt-la:lr-ll-rt-arrrrf

&lr-rrntlS

rr-ta-at4trsttrrrntarrf -ta-aa-

Particulars

/

Amount Amount

63. Director's Commission for Underwriting share of a ne\ r compa y 64. Income from Agricultural land situated in India 65. Income from Agricultural land situated outside India 66. Income from non Agricultural land situated in India 67. ' income from non Agricultural land situated outside India 68.

Income from Units of Mutual Fund 69. Management Consultant's Remuneration 7A. income from undisclosed sources: (a) Cash credits which are unexplained (Sec. 68) tb) Undisclosed Income (c) Unexplained Income (d) Unexplained Investments (Sec. 69) (e) Unexplained Money (Sec. 69,{) tq Unexplained Expenditure (Sec. 69C) (g) Amount borrowed or repaid on Hundi othenvise than through an Account payee cheque drawn on a bank 71. Casual Income 72. Winning from Lotteries 73. Winning from Horse Race 74. Winning from Race-course 75. Winning from crossword Puzzles '76. Salary of a Member of a Parliament or council 77. Salary of a Member of Legislative Assembly Or, council 78. Daily Allowances as Member of a Parliament Or, councii 79. Daily Aliowances as Member of Legislative Assembll. Or, coun, 80. Daily Allowances received for attending pariiament meetings B 1. Farnily pension 82. Family pension received by the widow and heirs of the decease employees. How ever pension received by the widow of an Employee of the U.N.O. is exempt. ICIT Vs. Smt. Majjidunn Begum (1996) 221 ITR 189 (AP)l similarly the family pension c gallantry awardee is exempt u/s 10(18) 83. Gratuity received by a director who is not an employee of the c 84. Amount withdrawn from Deposit in National savings Scheme. 1987 on which deduction u/s 80CCA has been allorn'ed including interest there-on 85. Tips received by a writer/taxi-driver, not being given by his em 86. Tax paid by an Indian company on behalf of a foreigner whr was sent to India by a foreign company with whom the compa had entered in to an agreement, was income of the foreignr Taxable under the head Income from other Sources'because the assessee was not an employee of an Indian Company 87. Refund of money by Life Insurance co. under money back poli

Gross (Taxable.l Income Less

:

(1) Bank Charges, Bank Commission, Collection Cha (2) Interest on Loan (Bank Loan)

Taxable Income from

Gher

Sources

.

il t

'PPP PPP PPP PPP PPP PPP PPP

PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP PPP

la PPP PPP PPP

loyer ry

r

:vs PPP PPP r PPP PPP

PPP

(-)PPP PPP

Salaru

- (M

tsection tn J...LL'... 5...tc'...

lx)eULtl)IL

r1

7)

Salaries lny regrun€ration pai l by an employer to his employee in consideration

I his ecrvices is callctl r,alary' It includcs monetary "'illue of those "clrcfits gnrl far:ililir:s pro,. irlerl b.y thc t:tttJrlo-yr:t' wltit:lr al't: trtxitblt:. Tfuq)

m EE * frilfr i"$ps rrur srq;\ .rilf.rrfrdi Efr s-{d gmr o1 rr{ r\-{K}T) ffi"fr q gfr rn6 qr r$rrr-H,q qq cil qrRa{kr ftqr qroT t q-6 ten oaoror tr I qrft@tr d q-6q nffi ii etRftm sq EAqrcnT ol *Fr $q q rytt "ry qilfut *iq-i g{ sil{ *-qpa sr,n t dr a'r furffir t r :m * , dt, fd'.ft t I gTr{rfiq

-:'i : ' l*.. il

slJ. i:it .i

1.,

.

SalarA

hofits

in lieu *f Salary tffi d

Y€fiq r;.q arq

Entertainment AIlowance

Toxable $alary Comprytatio*

of Taxable SqIary

Partitulars

l. ', il;. : III, Ot,

t,j;

, j

less

iI.

Amount

Bbsic Salar]'

XXXX

Allowances

XXXX

Perquisites Profits in lieu of Slku_v Gross $a.I"slt-t

X)C\LX

XXXX

.\\L\

,{XXX

:- Deductions u/s l6(ii], u/s f6tiii] Entertainment Allawance u/'s 16{ii)

l'

, IL

Anrcutll

EmploymentTaxlFrofessional Taxdblc

fuloru

Ta>r

X)o(x

u/s

16{iii}

XJO(X "YXXX

-

)oclc(

)ooo(

rceru computation of Taxuble Income from salary of Mr. zubair Aram fctr the l.ssessm en,t gectr pOAS I ZOOg)

Pctrticulqrs

Amount

liasic S;,rlil.ri, ('lr, Wrr;r,r-s h
Overtime pasrments Derrrn e ss AIJrsw ancc: ()r, I)earnr.: Ekrnu s/ Annuitl' / Com m i ssion Fer:s and interim reliel'

s

s

pav

Pension ........Or, Unr:omrnuted pension Allorvances :{er)

Fr-r

llv'['

axal'>le Allou'anc.r s

f lt) I';rr lJv J'axal.rlt. Allou'ln{,(.s (c1'I' ax lrrer: AllowAnces U, ['e,rquisites:Itd Taxaltle perrtruisjte.s I'or all emplor-ee. (ltl'l axttttle perqui:lites frrr spr:cilii e.mplor,r," (c:l'L'ax-frr:e perrluisite s fc,,r all emplo-r,ee {}. l,rrfits in lieu of s.|,a4, or, In acid-ition tr: salan-(Jr.. ri.ages ' '', {Amclunt of .,.r-penseitjr.rni -* li t !n,<:ax: rsI' volu'nturj-\, retjrement : l 'f-ax4Tte parl of voluntan' re tirement comrlens'tion 'j lf. rctre:nr;hrrent : Taxable parL r,rf retrcnchinent compensat r -.). fimplrry<:r's c'ntribution to Recognised proviclent fund (ln exce ss of 1 2o/o of Saiaqv w-ill be Taxable) (* lntr:rr.st rec:eived, on Recoqniscd prrvidrnt funrI {Irt r:xcess ctf g.Soh of R.p.F ri-jll be Tarable i On retiremr:nt of cmpiov ee - adrl : tlJw etfug;tivcrl prrtvirk:nt ft rncl :' .!

,

i

:

{ii

Shitr e

o1'

em plot'c:r

{b) Intr:rrst on sh;rrr.
?,04e?z

tie

r:

\;.\:.i

\:.\:_\:-\-

Arnount

Pculiculars

Atttottttt

2lj. Anr-iuttl rr:r't:ivcrl in rr:spcc:t of t'rtcashrrrrnt of car nccl lcavt cltrring tlre sr:rvicc 1tr:riorl {'fer-xablc prLrf ,L4.If' rctre nr:htnent ; T:rx:rirle part (:)f retlt-nchllleltt col1ll)ensat )"5, I'r:nsirrn (it) 'l'ttxtrl.rlt' 1l:u t ol r onrrnutit1rort o1'ltrtrtsion itr) I'r:nsiorr frorn the rlatr.o1'retirenrrr-it till tiic enrl of ltrev lf). Miscrllanr:otts

.,i,i.

\

)

o tl

:

ttl'

'/

Gross Salaru Lr:ss:- I)crJuclions.u/s lfi iirt. ti/s 16 (irii 1 .l;,nltrtajnmr:nt Allor,r'ance .....

u/s lir

\-e

..fDeiltrctron)

Tax.able Salant Or- Irtconte front Stzlaru

Allousances

I

q-rn

)

al_

{r) l'trlh 'lir.r:rl.rlr' .{ilou';ut( ('s (iil I':irtlv J'ar-rzrirle Alllou'ances..............Ur'. I'artiallv Excmpn erl Ailori'an('cs,......,()r. Allrlu'anoes exernpt ull to sllec'iiierl linrit

tiiit 'l'iir l:'r't't' .\llos'rr-rt< t's

Perqutsttes ( 3ry7r"{

)

Classification of Perquisites lrl

(i) (il, tiiil

-\:x\ti ):ti-\)

(ii)

2.l",mpkn'In{:nt lirr (lr,;:t)rj t,':;,r)i Pr ofcssionirl 'f;rx (l)crlr.rt'tion)

t I

,'- -t-t',

'frrxablr: perclur site s for all eurplo.r'ees 'l';r-xable penluisrtes lbI' spec'rlieci eru plovet's 'l ;-r-r lr t't' I)('I (lu lr sit cs tbr aiii ernplolce s

\),li\ ]::ii.

-{llrorullf

n ,.+t!!' :

'

Allotuances

tt:,;li;l .:.,:-,.,

, )t:f-. I . ;,itlt :, .

1.

tUlttl ! :t' !9,:\JJ2k: AlJ e-!r'(lr !I.1-t:s

i I

t)r'

...i

,i

(

!

l"ul I rt'kt.rttltlc' /\llort'rt 1

!;

1

1

|

|r t ;tr

!t1

tI

r: ttll rr,t,r

tl

t

r

tt't':

:'

r r 11

ttII

t

L

t

l'-.r t'

t

r.,

d rh

,/',

It

rt

1,1.;1'71 I

lr'

t.'r t t' r

I i ) (' ( t t1

trt

l)r'atrrr".

t

1

(.:

r.':

L'! r.n i

:''' ; 1\

i I rt t

' 1trtt1

/elrtlrr rtl

(

r

t, c r.'

t

.,111(ttt'rtrtr

r t,r t t,.l .i', ll r t t t'r.t r, r

t'

t

rt t t r'r' o:l t q II ( )t t /(It t ('(: .^,t r t r I l'r( tt 7l 'l't

f f i rt,/t

I!r

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:,r/rtrrl

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t

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( )r x t1. i rn

(h

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ot t t ct r,

) ) Cr

), I i.'. r' r : I I rt

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it' ft

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t'r'

r':

r'tiI

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tr .F rr't' ^-lllot

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t.t,t'ciIi t

ttt

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ll

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t-r,

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Ftit t'lrit : .i lkrit,tl' : r'.' Si i r,t-')ltr rtl-.'r,{ lir;: i'(l r: r't' l() / I :(,' ;' a(rttt1 ()t. -ilirrrl l/i(' (r)llr-1, lii, i,'i' '. .'\.!,t()n't tlI('( . 11)trr I .r''. ( ) (rrlt',':t r-1,ri1'rr1 fr't: :;.'rq'', .-1rJr)lt f)6

t,.'t'

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r'r'

trottlttr'/ L,.t'; I.l /.))Ij l)i:l {rtJ 'tt'rrLrr iltrtr' -J.!ltttt r;t:i t tltl I )tttlt1.'1//rrrr/'(1,:r l (('l C'ottt,elJrtr t,,ce AIlort'rit Ltt'

iit tlr'i. ! xtt tt\it li( i, itit I

) I? J tt

l', u

Helper ,4liiott'rtttce /.c eclernic .AllotL''cttice

Ltrtijr.nn A.llou'cntce p e ct al All ctw rt rtce s : rtottfit'd u,/ s ( JOJ I i4 ) iiil IrL1 S1tt'cictI l1t'iI ()!rIP{'| i!.:(tior'I

t.t o l t i r.'

.:.lltnt.4tt(( HIlllL (titlti.,dg ;\ii1lit t;r tt t: |..' r t c u t.r1 rl, :i a I ( h t t t i'. r',-i l,'r.rt i ri I ct' I r to t, Rctt,, r rl .'\ t' r't t . - li, tt t'r t tt C t' enal A uCJlT;n1dir.. --.iloutance

t.t et ri! )l

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lb1 Br-trder,Are$.|llou'Qnce i Psn trtle !o,ul;ftu .A.!loLt'c;t rce

I)I1icttit

. '-7'411 -i-11,67t-'6ti((

i(

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ctr Lc t'

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) Speartl (-"tfttl)ctts(tt.or'.1 Al!otL-'cincr.'

s .t ot.'r t c e ed,{ rea-s "4lio'-i n rL c e: .-\ c r' i r'q.{' t'rts .ll o t' t t ct' 1rI1 Speorti A'l!tttt.,(ttt<'es !,t Et t Lpbyee tL'or'l:1t7(l i t ) ctt ilJ T n l.t cLi .1.r e' a

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orl 0g en c1 e s () r. sV sl e rn Ctaldrert Echi c ctiort.riiotlrlricr-' C'l'rtIrirr:r t -::irtstr:i .4lir,ii (tri t'r' Tr(0is;ttott ),iiot t 'cn Lc'r' lj r,.d erclrar'i ntl .t'il s7'-'67'i 1'1'

ir a n sp

t i) la) ) hI (i I

Ie {

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.",1t t l:l:t r! \i,'!'.i t'r' ll ) ('ottt tit't'lt'sttrtl.'rt< t1 .:'.ilrttt'(trt< ll ) l'{iqi, r:'.ltii'.icJg .J.1i.1111 711;, 7 Irt) Hi{iil!t . ,:tit'r' iicl
l.il

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AIIort'rin*: (rt1 Islnnrl Di:g,4liowcn"ces

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rtrLct'/

IIill A,llrtr"rntct' D t' pt tt.crl.t r,t

.';r'

.' )1

t.tctt i-r:r'

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-,--:!,::-:. .l:'ii+::-.'a;\'-

6L c4e.&

F414.', '

-

ir,:'.,'

(

Allousaruce

'mr ) House Rerut Allowancq

=

Salaru 1.

). a

.).

rrLeurLs

:'

Basic Sala-r1' * Dearness Allowance (Par') . ". ": " " "Or, "'Or, (Retirement benefits).. -'. ernplol'ment} {Uncler the terms of Commission (Fixed percentage at sales Or, turnover) .. ...., .,,> Salan,

x-L\-\ -\)ax_>;

X)LXX

I

xllxx

Rwle 1. ,2,

3.

xxxx xxxx

A<:fual liouse Rent Allorvance rt:ceived Excess of rent pzucl ove r q) IOoh of salan' (Rent Paid - @l loo/o of ,Salary-) {a)

Ordinarv Citr' '-

q)% of Salan' @ (b) MetroPolitan (kl: SOYo oi Salan'

''.

'()r, ' '. 2 15 th of .

| Sala{r')

Citr':

, , , 'Cjtr, ',.. I l2 th of Salar.r')

I

I

xr<.\-\

xxxx

Which ever is ieast u'i1l be ExemPt Rs. xxro< {m<3mr)

"

Taxable Actual House Rent rbceived

4t4M INSTT.ITE A'/.M

INSTITUTE

-

Exempt

ALAM /NSflTUTE'

,

ALAM /NSilTUIF

Basic Sahry :Net Basic Salan' received Aclcl : Tax Decluction at So"urce Aclcl :

Orm Contribution to R'P'F (Recognisecl Provident Fund)

X]L\.X x-x-x-x

xxxx

Basic Salan'

?///oro t/o

3*tonrrt?/t??. /r.en/^otz. a. atall1 eatL. . .

+,ff

Actual amouut of lease renrrtal paicl ancl Actual rent pard by t"he eruprloYer .... "()r, fi('h of Salarv ' u'irich ever is Less Unfurnisheci Housg {Rent frec FIor-tst') Acld : 1Ooft p.ir. (lost ttllitnri1111'1'()t" I Iirt'r'hitrg frtrnishcd Housc (Rent tree House) Less : Arnount paid b-v emplol'ee Or, assessee Conqgssional Rent House .'-.-:t'."""""' """"'>

:i, '1LAM tNS;rtfU:fE A,tetW

tvSnrAff

'*.

XXXX X,\XX XXXX XXXX

ALArV tNSftfUTE ALAM

INSTITUTE

a. Taxaltle perauisitls for specified emplouees Jor' ErarnStle

f

ll

ger emplo]'ee/A -secretan' empioysq ,t*t"l""t t" t votitrq Power

'Ei-

,lI

I

0L ,{onetan' receipts after ne

(a) (b) (c) (d) (e) (f) (g) (h) (i) tl) tk)

I;{otor Car Charrffeu r /!Dtiver

liu'eeper Watchmarrr

liervant (la-rdenei-

F'ersonal Attentlant

(ias,

Elec;tt'rc' s1-i€-:l $\ etttil r"'ittet' Eclucattiotr Fac:riitr T'ransPort Faciiit-r'

Other benefits/amenities Exempt mentierned in I Or, iII

\F/]hcerre'iuhie c6l ifrii Lnneu'igg b e;;-1;;11x1 (Qll--I

I

I I !

ila.

Deduction u's - 16 1. Stardard. Deducttort u/

s - 16 (i)

with effect from assessment veat {2006 - 2007) ished. eduction has Deduction of stand

Note

:

2. Entertainrr;glnt allowetu:c€

@)A"r"tW

deduction u/

s - 16 1!)

: .......... Deductiort

(a) {gy 209i, Or, 1/5 th of Elasic Salarv (b) Actual r:ntertainment ailon'ance receivecl (c) Maximrtm exemPtionr limit rvhich ever is Less (b)

i

i

MetwJeaes

',,',,NIt'

..

i,,,-j'l+*lt: ,:::tii:-r

..Full Amount. (a) Government Empllovee : ... (iovernme (bJ Non nt Empiove e : , ... , . Full Amount.

Prouident fund ;'he word ,provident Funcl' nreans to Provide for t-he future, hence t]'is furld is to

;rrnvicle fBr the future, this fund is creriited b,v an amount deducted from the sala:t'of iire employee every month at a certain rate and this empiover a-iso makes his oun

t;*ntr:jbutilt, to this funcl, thcse contributjon are invested to earn interest, rvhich is i,iso crgrlitecl to the employefs proviclent fund account, when on empldl'ee retires quit' and J,.pm his Service, he rec.iue* il:is amount in lump-sum along with interest, i'.,, agreathelp to him at that t"1me.

Classifrcation af prouident fund

(i) (ii} (iii) {iv)

:iti,rtuton'provicit'nt lurrtl (Not t:onsiclered uncle'r the hcacl Salru-r') Recognisecl Pr-,ovident fund (Considered uncler the head Salar]') Unrecognised provident fund (Considerecl urrcler the head Salar:') Public provicler-rt funcl (Not considerecl uncler the heacl Salarl')

(a)

vill

{ln excess of Qq l2"h af salary

be taxable)

........(lr L.tr:arnr:ss Allorvance" (F'ii1'j { )I Lrt'nrfitSll ..... [Rc'ttrt'nit:rrt (tJrtrlt-:t 1 lrt' ltl't:ts rlf ,t'ttt1:rlulntt'ttl) Cornmission {Fixed percentag,e Salzrn'

at

_\IS\

"\\-\\

sales Or'. turnover}

Rmle

Emplo,r'er's

Contnlaution

| -xxr-x

[-ess.Eremptron

lssxs

((tt 72'',' rtf- Saiartr' Excess amount (Ta-xable) )

;. ,ILAM

INSTITUTE

AUM

......i I s:isx

ALAM INSTITUTE AAM II,JSITiUiF

INSI/IUIF

(b) Intere,st receiued on Recognised prouident -fund {ln excess of @ LSoh of R. P. F u'ill be ta.xable) F:) -- Irttt' receiued x loo fu,itclsil l!-<J'.

o.rit

Rule

Interest received

XXX.\

Less : Exemption ( Gi: 9.5o/o of R. P. F Excess amount {Ta-xable)

xxxx

)

.

(c) Anrecoqrused pr"ouident fund Rule

Lump-sum amount received from Unrecognised Provident fund after retirement and resign one haU (%) arnount rvill be Ta-xable.

/-,i ./ ^]L-/::,-)L.:z) ,{u; ,:;, .,r)L! a.: j::

;i;1,;;

t.,

Classif cation of PerrTursires

'l'a.ral;le l'et'tlttisites for ail Emplovees

(i)

(ij)'l'axallle l'errrttisites lbr Stteciliecl (iii1

Enrp]ovee

l'ax {'rgc F'errluisines for all Emplovees L

'l'ctxctble perqlistites

for all emploVees

Valuation of Resideurtial Accom modation Rule 3 (1) (A) Rent free House (B) Concessional Rertt House

Salary meuns

i, ii.

I;l;rsit:Sirlrtt'r' [)carnr:ss Allort';rnc't: (sinrplit:

xlisx I

)'i\

111;l

i-

ol]siclert'dl

......Or, I xss i)earnessAllori'ance" {Pa1'1. *{Retirernent Benclits) ......Or, I xxss t)carness Allou'ance Dr:arne ss Allou'anr:e"(Uncler the tcrms of Emplormerftl -{L\\ I l'1. Bonus I x.rxs iv, Commis$ion | -xrxx Taxable Allow'zrnce \x\-\ A. l)errrness Pitr' lt.\ri"\ li'\r'rl b, Citv r:ompr:nsrttr;rt' r\llt;rru-nnt:t' s.L\-\ c, Medir:al Allnu'ance xxx\ tl. Project Allorvanbe xx.x\ , e . Famny lPlanning Allos'arnce xL\x f; Entertainme nt Allou'ance >LTLXX g. Proctor Allorvance x-rlx-\ h. Warden Allorvance xs\s i. Allog'ances fcrr Gas, Elec'tricitr'& Wrrter x.L\x j Otber Tzrxal;le Allou'ance xxlili payment of LrIe ltlsurance Premittm vi. l'ercgulli*' specilled Sec-'. lV (21 :

xt\-\ Lr:ss : Decluctit-rn regerrding Entertai.nment Allos'an(e xll\-\ ( in case of

Sdruf' I I I

',!

government emplol'ee

)

l---

Comp;utatiog-o:f - ualue o-f

residertial accommodatian

lLv-qsJ

Rwle Licclrct' fi't'
Rule. Lic:cnce fe:c

cle

tclrninetl lt1' govr:rntrtetrt

(Value of Rent Jl'ce lJottse Unfurnishecl Hc,use .. (Rent Frec llorl:';t'i Atltl : lOoztr 1).tr ('tist til'lttrnit tlt't' ( )r', llit't: t:lratrg :s xx.{x XXX,T .......: Fulnishecl Houst: (Rent free Houg:) XXXX Ioess : Amount lraid by ernp'lo-1'ee Or, assel House Concessional Rt:nt

Computation a-f uglue oJ- residential accammodadelt lln caLe-- of non oouernment emplouee) Rwle

g

XXXX

in cities having population exceedi g

XXXX

l5o/o of Salart'in ci,ties havrng popr'rlation exceeclt . .. . .Or, 25 lakhs as per 200 1 census IOo/o of Sa-iarf

....Or, l0lakhsasper 2001 census per censu 2001 places as 7 .5o/o of salary in nther .....'....? UnflrrnishedHouse .

xxxx

(Rent free House) Arlcl : 1}rYtp.a Cost of furnitttne C)r, I-lilc t:htrlges turnishecl Housc (Rent free House) Less : Amount parcl by emplo.vee Or, assessee

XXXX

4tt/

i !"

..r'

^* - t/ - /2-.....'a---

/nE t'oz t -

...t.t.

XXXX

Aail

AN-AN4{ UTNSSTTNTru'TTID Near N4flssflom

comnpouriLd Ramelhfi:r1

l.t'-'

i.,l,l

Income _from Capital Gain tCapital Gain)

Basic of charqe : The basis of charge is the profits

or, gains arising from the transfer of a capital assets in the previous year. It is taxable under the head Capital Gains.

Section 45 Thus, the essential elements of capital gains are (A) Capital Assets (B) Transfer of Capital Assets (C) Computation of Capital gain.

Kinds of Capital Assefs

(1)

:

:

Capital Assets are divided in to two categorie s, viz., tI) Short term Capital Asset (II) Long term Capitai Asset

{il Short term Capital Asset :Short term capital asset means a capital asset held by an assessee for not more tlan 36 months immediately preceding the date of its transfer. Capital Gains arising from the transfer short term capital asset is called short term Capital Gain. Exemptions :(a) In th-e case of a f.nanciai assei, being a shan'e held. in a comp7"ftV .....Or, h) Ana otlters secaitg listed in a recognised sfock exchange ..........ar. (c) A unit of the unit trust of India ....."........Or, A unit of a mutual {d} fund specified in section 10(23D), short term capital assef will mean a share Or, seanity Or, unit held by the assessee for not more than 12 months instead of 36 months as in ccrse of other assefs. {II) Lonq term Caoital Asset :Long term capital asset means a capital asset (other than a share in a company Or, listed security Or, unit of U.T.l Or, mutual fund) held by an assessee ior more than 36 months immediately preceding the date of its transfer. Capital gain arising the transfer of long term capital asset is called long term capital gain. In the case of shares held in a Company Or, listed securities Or, units of U.T.l Or, mutual fund held by the assessee, Long term capital asset will mean shares Or, listed securities Or, units of U.T'l Or, Mutual Fund held by the assessee for more than 12 months. (I) Indexed cosf of acquisition W Indexed cos/ of improuement

Formula Indexed

/{rL_, .1*r

--I K=l ,4::IE3]Fgf

:

Amount x Preutous Aeqr (2007 - 2O0B) dqte of acEtisition and improvement

sTST

G-<--> <--Dr-r.\2 <-d-:<:j->1ry,4-nN/zrrrp: re3_<-<--r-R? :=c<j5isv 'E- T-rr---t:c_J-csrr-

, IM\SST]]TUJTre A[-AN4I Nearr Ndnssfi.om ComnPoumd Ramc

fL- Jl

i"-/^'

l;b l7 {t

l{ltlt.-lt

Exemptions u/ s 54 2. Exemptions u/s 548 /) J. trxemptions u/s 54D 1.

-

4. Bxemptions

u/s

54EC

-

5. Exemptions

u/ s 54ED

-

6. Exemptions

u/s

54F

-

7. Exemptions

u/s

54G

-

8. Exemptions

uf s 54H

-

No.

1.

2. 3. 4. 5. 6. 7. B.

Capital Gains on transfer of certain asset if consi.derati.on is invested in a residential house.

Capital Gains in case of shifting of industriai. - '... undertaking from urban area' Extention of time for acquiring new asset ......'Or, investing the Capital Gains.

Fianancial

Year

1981 -1982 r9B2 - 1983 1983 -1984 1984 -1985 1985 -1986 1986 -1987 1987 -1988 1988 -1989

19. 20.

1989 -1990 1990 -1991 1991 -t992 1992 -1993 1993 -t994 1994 - 1995 1995 -1996 1996 -1997 1997 -1998 1998 -L999 1999-2000 2000-2001

2r.

20at-2042

22.

2002-2003

23.

2AO3-2004

24.

2004-2005 2005-2006

9. 10. 11. L2. 13. L4. 15.

16. L7. 18.

25. 26. 27.

\-" \

Capital Gains on transfer of residential house. Capital Gains on transfer of agriculture land. Capital Gains on compulsory acquisition of land and building of industrial undertaking Capital Gains arising from the transfer of long-term capital asset invested in long-term specified assetLong-term capital Gains on transfer of listed securities and units.

The Government have notified the following 'cost inflation index': Serial

l-_

2AA6-2A07

2047-2008

Cost inflation 100

i09

ii6

t25 _tJ.J

i40 150 161 L72

r82 199

223 244 259 281 305 331 351 389 446 426 447 463 480 497 519 551

A&Aryf SSSTITIUT-f-Q

51 ",/,i) Comnglcoumcfl RamcIhfl -IjfnVear=n4nssnarnn

:

:,;;;;; :, ;;,;,, "-;:,;;;;,,*u forttrc

*i,,.

", Assessmentyear (2008 - 2009)

*,-

),,;.;;

Amount

Particulars

of Short Term Capital Gains sale proceed.s or, selling Price or, sale consideration................or,

Amount

Computation

PPP

Gouernment

' " " "Or, Compensahon receiued from Amount recorded. in ttte firm's book on transfer by Mr.... deemed as ualue of SaIe Consideration Brokerage Transfer Expenses selling Expenses .Less

:

/

/

PPP PPP

Less

less

: (i) Cost of acquisition (ii) Cost of imProuement :

PPP PPP

Gross Short Term CaPital Gains ExemPtions.' ft) ExemPtions u/ s 54 (i4 ExemPtiorts ui s 548 (iii) Exemptions u/ s 54F

_ PPP PPP . PPP

PPP PPP PPP PPP

PPP

_ PPP PFP

Gratra w srlrurg. atRu lNstrture " n I nHa wst tt u rE : atatvt tNsTiT UTE : Camputation of Taxable Income from Capital Gain of Mr. Zubair AIam fn- *ho

A

caaccrrr ont t rortr DA1R

?n1ql

Amaunt

Partianlars

Camputation of Long Tenn Qapitat

Gains

zfion, J r) ...-' Or, Selling Price Or, SaIe Cansideration ""'Or, Compensationreceiued from Gouernment "-.-....--Amount recorded in the firm's book on transfer by Mr.... deemed as ualue of Sale Consideration Sale Proceeds

-Less

:

Brolcerage

/

Transfer Expenses

/

less

: :

(i) Indexed Cost of acquisition (ii) Indexed Cost of improuement Gross Long Term Capital Gains Exemptbns : (t) Bxemptions u/ s 54 (it) Exemptions u/ s 548 (iii) Exemptions u/ s 54F Incom.e

from Capital Gains

PPP

PPP

Selling Expenses

PPP

Not ?nnci/lorntiott

less

Amount

PPP PPP

- PPP PPP

PPP PPP PPP PPP

PPP PPP

_

PPP PPP