COMPUTATAION FOR INCOME FROM BUSSINESS

NET PROFIT XXX

LESS:-

(1) DISALLOWED INCOME XXX

(A) INCOME FROM HOUSE PROPERTY XXX
(B) REFUND INCOME TAX XXX
(C) BAD DEBTS RECOVERS XXX
(D) GIFT IS RELATIVES XXX TOTAL = XXX
(E) DIVIDENT (NET) XXX
(F) INT. ON (NON-GOV.) XXX
(G) SECURITIES NET (NOT LISTED) XXX
(H) RENT ON ASSETS. XXX

(2) ALLOWED EXPENSE XXX

(A) DEP ON MOTOR CAR XXX
(B) DEP ON PATENTS XXX
(C) DEP ON OTHER ASSETS. XXX TOTAL = XXX
(D) DEP ON BUILDING XXX
ADD:-
(1) DISALLOWED EXPENSE XXX
(A) PERSONAL EXP. XXX
(B) HOUSE EXP. XXX
(C) INTEREST ON CAPITAL XXX
(D) PROPRITORY SALARY XXX
(E) ADVANCE INCOME TAX PAY XXX
(F) SALES TAX RESERVE XXX
(G) BAD DEBTS FOR RESERVE XXX
(H) INCOME TAX XXX
(I) CHARITY ,DONATION XXX
(J) ALL RESERVE & ALL PROVISION XXX
(K) PENEALTY XXX TOTAL = XXX
(L) LIFE INSURANCE POLICY XXX
(M) WHEALTH TAX XXX
(N) REPAIR AND ANY EXP. OF HOME XXX
(O) CONTRIBUSION, ANY KIND FUND XXX
(P) GIFT EXP PAY XXX
(Q) ENTERTAINMENT EXP. XXX
(R) ADVANCE OF PURCHASE FOR ANY EXP XXX
(S) COST OF ANY ASSETS XXX
(T) COST OF PATENT XXX
(U) PREMIUM XXX
(V) PAY TO CREDITOR XXX
(W) MUNCIPAL TAX XXX
(X) REPAIR

(2) ALLOWED INCOME XXX

(A) ACCURED INCOME XXX

INCOME FROM BUSNESS TAXABLE XXX

INCOME FROM HOUSE PROPERTY:-

ACTUAL RENT XXX
(-) MUNCIPAL TAX XXX

ANNUAL VALUE XXX

LESS:- DEDUCTION UNDER SECTION 24

30% OF ANNUAL VALUE XXX

INTEREST ON LOAN XXX

INCOME FROM HOUSE PROPERT XXX

TOTAL INCOME :-
INCOME FROM HOUSE PROPERTY + INCOME FROM BUSNESS TAXSBLE + OTHER SOURCE OF INCOME
 COMPUTATAION FOR INCOME FROM PROFESSION
INCOME FROM PROFESSION XXX

ADD:-

(1) ALLOWED INCOME XXX

(A) SALES OF MEDICINES XXX
(B) CONSULTATION FEES XXX
(C) VISITING FEES XXX
(D) AUDIT FEES XXX
(E) FEES RECEIVED XXX TOTAL = XXX
(F) GIFT ON PRESENT XXX
(G) ARTICLES PUBLISHED IN XXX
PROFESSIONAL JOURNAL XXX
(H) PROFESSIONAL FEES XXX

LESS:-

(2) ALLOWED EXPENSE XXX

(A) COST OF MEDICINES XXX
(B) MOTOR CAR XXX
(C) CAR EXP. XXX
(D) SALARY XXX
(E) RENT ON DESPENSERY XXX
(F) JOURNAL EXP. XXX
(G) INT. ON BANK LOAN XXX
(H) SURGICAL EQUIPMENT XXX
(I) OFFICE FEES XXX
(J) EMPLOYEE EXP. XXX
(K) CAR DEP XXX
(L) BOOK (OTHER SOURCE THAN PUBLICATION) XXX
(M) HOUSE REPAIRS XXX TOTAL = XXX
(N) OFFICE EXP. XXX
(O) CAR OF MAINTENANCE XXX
(P) TOOS OF PURCHASE XXX
(Q) MUNCIPAL TAX XXX
(R) RENT ON CLINIC XXX
(S) ELECTRICITY BILL AND WATER XXX
(T) DEP ON PUR. OF PROFESSIONAL BOOK XXX
(U) INTEREST ON LOAN XXX
(V) PUCHASE ON MEDICINE XXX
(W) SUNDRY EXP. XXX
(X) MAGZINE EXP. XXX
(Y) MISC. OFFICE EXP. XXX
(Z) LEGAL EXP. ON ASSEMENT EXPENDITURE XXX

INCOME FROM PROFESSIONAL TAXABLE XXX

INCOME FROM HOUSE PROPERTY:-

ACTUAL RENT XXX
(-) MUNCIPAL TAX XXX

ANNUAL VALUE XXX

LESS:- DEDUCTION UNDER SECTION 24

30% OF ANNUAL VALUE XXX

INTEREST ON LOAN XXX

INCOME FROM HOUSE PROPERT XXX

TOTAL INCOME :-
INCOME FROM HOUSE PROPERTY + INCOME FROM BUSNESS TAXSBLE + OTHER SOURCE OF INCOME