TRADE COMS

Prop. : Pranav Kumar Sarkar

Flat No. 4, Block - D.V.S. Market, 140 B.T. Road, P.O. - ISI, Dunlop, Kolkata - 700108
Profit & Loss Account for the year ended 31st March, 2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Purchase Dur. Year 194,909.00 By Bill 8,297,279.00
" Exemted Purchase 1,080,000.00 Less: Credit Note 103,880.00
" Salary & Wages 392,091.00 8,193,399.00
" Bonus 60,000.00
" Fuel & Mobile 828,000.00
" JCB Hiring 465,000.00
" Accounting Charges 29,000.00
" Repairing of Machinary 191,000.00
" Car Insurance 100,150.00
" Vehicle Tax Token 7,180.00
" Freight Charges 196,874.00
" Travelling & Conveyance 696,480.00
" Entertainment 423,987.00
" Logging & Fooding 221,629.00
" Hoarding & Flex 86,000.00
" Subscription 97,600.00
" Puja Expenses 94,810.00
" Genaretor Hiring 60,000.00
" Jointing Machine 30,000.00
" Telephone Charges 18,900.00
" Bank Charges 9,718.00
" Electric Charges 69,704.00
" Sale Promotion Expenses 751,670.00
" Trade Licence 1,500.00
" Professional Tax 600.00
" Providend Fund 59,821.00
" ESIC 10,892.00
" HDB Finance 192,548.00
" Bajaj Finance 17,853.00
" Citi Bank 30,269.00
" Confarence 264,800.00
" General Charges 95,052.00
" Printing & Stationery 29,184.00
" Staff Welfare 38,100.00
" Late Fees CGST 13,800.00
" Late Fees SGST 13,800.00
" OBC CC A/C Intt. 24,770.00
" OBC OD A/C Intt. 72,330.00
" Depreciation on Fixed Assets 549,058.00
" Net Profit 674,320.00

TOTAL 8,193,399.00 TOTAL 8,193,399.00

 TRADE COMS
Prop. : Pranav Kumar Sarkar
Flat No. 4, Block - D, V.S. Market, 140 B.T. Road, P.O. - ISI, Dunlop, Kolkata - 700108
BALANCE SHEET as on 31st March, 2020

LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT

Pranav Kr. Sarkar's FIXED ASSETS A/C :
Capital A/c Annexure - B
(As per last A/c) 5,400,050.00
Add : Intt. On SB A/c 1,430.00 INVESTMENT
Add : Intt. On FD A/c 75,710.00 Fixed Deposit
Add : Intt. On Capital 76,260.00 Annexure - C
Add : Salary 32,000.00
Add : Share of Profit 2,756.00
Add : Net Profit 674,320.00 Investment to Tradecom
Add : Pension Income 283,487.00 Capital 762,603.00
6,546,013.00 Add: Intt. On capital 76,260.00
Less : Drawing 290,000.00 6,256,013.00 Add: Salary 32,000.00
Add: Share pf profit 2,756.00
SECURED LOAN 873,619.00
Oriental Bank of Commerce Less : Drawing 10,000.00
A/c No. 08185015000641 1,075,092.00
Oriental Bank of Commerce
A/c No. 08184011000333 565,879.00 CURENT ASSETS
State Bank of India Sundry Debtors
A/c No. 32950825003 1,445,394.00
State Bank of India Loan to Tradecom
A/c No. 34785649073 518,474.00

HDB Finance Service Ltd 1,999,296.00

CITY BANK FINANCE 262,822.00
Bajaj Finance 13,331.00
Bajaj Finance 401,802.00

OUTSTANDING CASH AT BANK

LIABILITIES : Savings A/c 135,019.00
Annexure - A 76,908.00 Annexure - D

Statutary Dues Current A/c 24,404.00

i) CGST 374,565.00 Annexure - E
ii) SGST 374,565.00 749,130.00
CASH IN HAND

Provision for Tax :

Provision for I. Tax 76,478.00
Provident Fund 10,638.00
E.S.I. 4,071.00 91,187.00

13,455,328.00
p, Kolkata - 700108

AMOUNT

6,885,609.00

1,293,942.00

863,619.00

3,784,298.00

450,000.00

159,423.00

18,437.00

13,455,328.00
 PRANAV KUMAR SARKAR
Prop. Of TRADE COMS
Flat No. 4, Block - D, V.S. Market, 140 B.T. Road, P.O. - ISI, Dunlop, Kolkata - 700108

COMPUTATION OF TOTAL INCOME AN ON 31ST MARCH, 2020

ASSESSMENT YEAR - 2020-2021 PAN : ANOPS3346N

ACCOUNTING YEAR - 2019-2020 STATUS : INDIVIDUAL
INCOME FROM SALARY AND PENSION
Defence 323,487.00
Less: Standard Deduction 40,000.00 283,487.00
Salary fromTradecom 32,000.00

INCOME FROM HOUSE PROPERTY

HBL Interest - 186,788.00

INCOME AS PER PROFIT & LOSS A/C

Business 674,320.00
Share of Profit from Tradecom 2,756.00
Less: Exempted 2,756.00
Nil
INCOME FROM OTHER SOURCES :
Intt. From FD A/c 75,710.00
Intt. From SB A/c 1,430.00
Intt. On Capital from Tradecom 76,260.00 153,400.00
956,419.00
Less : Deduction u/s 80C
Canara HSBC 50,000.00
HBL Principal 148,336.00
198,336.00 150,000.00
Less : Deduction u/s 80TTA
Intt. From SB A/c 1,430.00 1,430.00
TAXABLE AMOUNT 804,989.00
TAXABLE AMOUNT (R/Off)
Rs. 8,04,990.00 73,498.00
Add : Health & Education Cess @ 4% 2,940.00
INCOME TAX 76,438.00
 TRADE COMS
Prop. : Pranav Kumar Sarkar
Flat No. 4, Block - D, V.S. Market, 140 B.T. Road, P.O. - ISI, Dunlop, Kolkata - 700108
ANNEXURE - B
LIST OF FIXED ASSETS AS ON 31/03/2020

W.D.V. BALANCE
SL NO. NAME OF ASSETS Additional GROSS TOTAL RATIO DEPRECIATION
AS ON 01/04/2019 AS ON 31/03/2020
During the year
1 Furniture & Fixture 42,006.81 - 42,006.81 10% 4,200.68 37,806.13
2 Tools & Implement 4,987.09 4,987.09 10% 498.71 4,488.38
3 Flat to Aatghora 270,750.00 270,750.00 5% 13,537.50 257,212.50
4 Laptop (Computer) 23,445.92 23,445.92 15% 3,516.89 19,929.03
5 Mobile Phone 19,999.00 19,999.00 15% 750.00 19,249.00
6 Motor Car (10Pcs) 1,111,873.31 1,111,873.31 15% 166,781.00 945,092.31
7 AC 24,448.68 - 24,448.68 15% 3,667.30 20,781.38
8 Motor Car (5Pcs) 592,477.10 592,477.10 15% 88,871.57 503,605.54
9 Flat at 140, B.T. Road, Kol - 10 579,928.45 - 579,928.45 5% 28,996.42 550,932.03
10Flat to Belghoria Express 4,764,750.56 - 4,764,750.56 5% 238,237.53 4,526,513.03
Total 7,414,667.92 19,999.00 7,434,666.92 549,057.59 6,885,609.33
ANNEXURE - C
LIST OF FIXED DEPOSITED AS ON 31/03/2020
NAME OF THE BANK ACCRUED TOTAL
SL NO. FDR NO. DATE OF RECEIPT F.V. AMOUNT RATIO
& ADDRESS INTEREST AMOUNT
1 08183031018656 O.B.C. Dunlop Br. 2/19/2014 686,220.00 42,647.00 728,867.00 9.00%
2 08183031036179 O.B.C. Dunlop Br. 2/12/2015 266,004.00 16,531.00 282,535.00 8.60%
3 08183031036162 O.B.C. Dunlop Br. 2/12/2015 266,008.00 16,532.00 282,540.00 8.60%

Total 1,218,232.00 75,710.00 1,293,942.00

 TRADE COMS
Prop. : Pranav Kumar Sarkar
Flat No. 4, Block - D, V.S. Market, 140 B.T. Road, P.O. - ISI, Dunlop, Kolkata - 700108
ANNEXURE - D
LIST OF SAVINGS ACCOUNT AS ON 31/03/2020

SL NO. S.B. A/C NO. NAME OF THE BANK AMOUNT

1 10471770626 State Bank of India 10,489.00
2 11026188221 State Bank of India 6,537.00
3 8182010005590 Oriental Bank of Commerce 108,023.00
4 090001001040 ICICI Bank 9,970.00

135,019.00
ANNEXURE - E
LIST OF CURRENT ACCOUNT AS ON 31/03/2020

SL NO. C.A. A/C NO. NAME OF THE BANK AMOUNT

1 8181010002290 Oriental Bank of Commerce 10,027.00
2 090005500024 ICICI Bank 3,984.00
3 08181131002193 Oriental Bank of Commerce 10,393.00
24,404.00
ANNEXURE - A
SL. NO. PARTICULARS AMOUNT
1 Salary to Staff 60,814.00
2 Accounting Charges 12,000.00
3 Electric Charges 3,694.00
4 Telephone Charges 400.00

Total 76,908.00