CASE STUDY 1 Para 329.

-
329.1 Case studyl -Generate income-tax return from the data given below
Raman K. Mehta
Name
Father's Name Shyam K. Mehta
PAN ABNPM2312P
Date of birth 10/01/1972
Address. 94A/117, Marathwada Street, Pune - 412105 (Maharashtra)
Mobile No. 7254122548
e-mailID raman184@gmail.com
310 days during the previous
Residential status Resident and ordinarily resident (he was in India for
year 2023-24)
Return to be filed under 139(1), original return
which section 412107
Street, Station Road, Pune
Name and address of Amar Consultants, 4/95/10, Shiv
emplover (Maharashtra)
PAN of employer AANCA3219Q
Director in any company No

Shareholding in unlisted Nil

companies
No. of bank accounts held 1
by assessee at any time
(including opened/closed)
during the previous year Yes Bank
Name of bank
Details of bank accounts 45871264985
Account No.
YESBO000008
IFS Code
Type of account Saving
Date of filing 22/07/2024
Place of filing return Pune
below
Income details - Income details are given Rs.

by employer) 1,68,00,000
Income from salary (as per Form No. 16 given 19,200
Basic salary 18,000
Transport allowance
Lunch allowance 4,60,000
taxable)
House rent allowance (entire amount under section 10(14)]
2,400
Children education allowance [fully exempt 18,000
Leave salary (fully taxable)
-
Conveyance allowance for local travelling employer
34,000
allowance received from 8,000
-Conveyance section 10(14).
-Conveyance allowance exempt under
Leave travel concession (LTC) 58,000
-LTC received from employer 52,000
- LTCexempt under section 10(5)
above)
Income from house property (self-occupied)(address given 68,000
Municipal tax ..... 2,75,000
Interest on borrowed capital 48,000
Fire insurance/general insurance premium ........

Income from other sources 9,00,000

Bank interest (FD) (net of TDS@ 10%) ....... 37,410
Interest on savings bank account in Yes Bank 9,110
year 2023-24)
Interest on income-tax refund (received on February 10, 2024 for the assessment
Deductions from gross total income 1,50,000
Under section 80C
40,000
Under section 80CCD(1B)
Under section 80D [for assessee and spouse: Rs. 16,000, for parents (age : 69 years) of assessee :
Rs. 41,500] 57,500
Para 329.2 e-FILING OF INCOME-TAX RETURN 532
Rs.
Tax deducted at source
By employer (TAN ofemployer : RTKA55484C).. 56,66,100
By bank on FD interest (TAN of Yes Bank : MUMY02084F) 1,00,000
Advance tay/self-assessment tax paid by assessee
Tax paid on 12/09/2023 (BSR Code of bank : 0005641, Challan No. : 000%6) 40,000
-Tax paid on 30/04/2024 (BSR Code of bank :0005641, Challan No. : 00140) 106,000
Assets details -Asset details are given below (wealth-tax return never filed) -
Rs.
Jewellery held by assessee on 31/03/2024 -
Cost of acquisition (when originally acquired in 1991-92) 8,90,000
-Market value as on 31/03/2024 27,10,000
Self-occupied residential property -
Cost of acquisition (wh¹n originally acquired in 2002-03) 8,10,000
Market value as on 31/03/2024 22,70,000
Plot of larnd held by assessee (address : 305/32, New Panipat Road, Delhi -110005) -
-Cost of acquisition (when originally acquired in 1982-83) 2,00,000
- Market value as on 31/03/2024 8,17,00,000
Cash in hand on 31/03/2024 42,000

329.2 Case study 2 - Generate income-tax return in from the data given below -
Name ShrinathS. Makhija
Father's Name Ajinkya S. Makhija
PAN AANPM6521G
Date of birth 24/11/1970
Address 44-98, Jatin Complex, 24th Floor, Bandra West, Mumbai - 400050(Maharashtra)
Mobile No. 9654667702
e-mail ID shrinaths1980@gmail.com
Residential status Resident and ordinarily resident (he was in India for 270 daysduring the previous
year 2023-24 and 310 days during last 4 years)
Returnto be filed under 139(1), original return
which section
Name and address of KrishnaChemical (P.)Ltd., 5086, Mohan Nagar, Bandra (East), Mumbai -400080
employer (Maharashtra).
PAN of enmployer AANCK8217Q
Director in any company No
Shareholding in unlisted
companies Nil
No. of bank accounts held by 1
assessee at any time (includ
ing opened/closed) during
the previous year
Details of bank accounts Name of bank SBI
Account No. 71457625689
IFS Code
SBINO001422
Type of account Saving
Date of filing 2/07/2024
Place of filing return Mumbai

Income details - Incomedetails are given below -

Rs.
Income from salary (as per Form No. 16 given by employer)
Basic salary 48,00,000
Transport allowance 18,000
Servant allowance. 12,000
 2,95,000
9,70,00,000
29,65,000 83,600
49,86,000 the -Kolkata
Road,
2,95,000, Rs.
3,00,00098,000 46,70,000
4,00,000
42,000 (-)
56,000 46,000 4,750 1,50,000
3,95,00027,00,000
28,400 38,000 12,00,900
50,000 during
329.3 26,000
36,000 12,000 71,000
6,17,000
1,500 (West
Bengal)
Rs
3Para days
years)
70
Kali
STUDY 400053) .. for 4
spouse) 736208 India last 86/251,
-
during
CASE Mumbai 2023) 141001) in
-
his
- Jalpaiguriwas Ltd.,
10(13A)] 15, and below days
-
00084). -Ludhiana (he
(West), June filed)
assessee 00062) 1200 Solutions
resident
section dividend: given Dhalkar,
Andheri never
... : :No. "...*......*........ and
10(14)] 10%)
of No. Road, data ordinarily
Engineering
Assentus
return
139(1),
original
under life Challanreturn 2023-24
mohan78@gmail.com
700023
(West
Bengal)
Challan
Lane,
@ of the Dasgupta28-H/515,
Roshan
the Mohan
Dasgupta
Dakshin
section
exempt Mountain TDS
receipt 1985-86)Shahpur
2006-07) 1985-86) AANPD2456G andyear
on (wealth-tax
bank:0005641, from
of taken 0005641,
DELP26004G) ...........
07/04/1941
8857423236
(net of return previous
Resident
is under (date RTKA85463A). in A484/6,
in in
1,60,000 Road, policy acquired acquired
acquired
Bank bank:
exempt assessee below -
TDS) 31/03/2024 5/ income-tax
Tilak National insurancePNB: of
Rs.
expenditure account :(address
[fully (no of Code given originally originallyoriginally section
which (2496/101, by Code
10(5)
:employer
of paid Self-occupied
residential
property
31/03/2024.
31/03/2024.
ex-employer
Ltd. 31/03/2024
employer 10(14) bank income (mediclaim
Punjab (TAN (BSRare Generate which
of allowance
(LTC) Motors tax (BSR on 31/03/2024.
(out taxable) sectionemployer
medical (whenassessee
details assessee (when (when
property saving total 80CCD(1B)
section
Under 30/04/2024
tax/self-assessment
9/10/2023
allowanceconcession section sources
-allowance
Travelling from of interest under
of
from Excel gross (TAN
sOurce acquisition
on acquisition
on on 3-
of (fully under
education
(FD)in Under 80D
80C
section Asset by acquisition address
Driver
allowance
Reimbursementreceived from lhouse other credited FD by as held as as study Residential
status filed
under fromfrom on
exempt Self-occupied at employer held value value value Father's
Name
salary
travel interest section
deductedon on on - hand Date
ofbirth be and
rent from from details land Case Mobile
No.
Children Received
Exempt Deductions
Dividend bank paidpaid Jewellery to
HouseLeave IncomeIncomeInterest
of Market of Marketof Marketin AddressID
e-mail
-LTC
Leave -LTC Under Advance
Cost of Cost Cost Cash 329.3Name PAN Name
Return
Bank TaxTax Assets
Tax By By Plot
- - - - - - - - - - -
540
Rs. 9,40,000
46,90,000 37,000 4,80,000
98,750 1,30,000
70,000 3,000 12,000 11,80,0002,80,000 Rs.
52,000 Not 86,30,18,570
known
25,000 0004,78,0002,00,000
11,55,700
company Bank
Chartered
Standard
domestic 387456128640
SCBL0036019
2023)
-
Ltd., Saving 3, available)below
AAAFN4403G]. March
Pvt. given
year 00022).
Textiles 4,15,000 :investment not
the
shares during value data
:No. available). the
Ram 110007) 31/03/2024)
market
500Rs,
AAACR4485D
PAN: PAN: Challan from
company: acquisition:
sale
balance: of Ghansham
Tyagi
K.
Delhi (date
or account
ofType Motors, 1967-68). not (currentITR-1
AAJCA3062K bank
ofName ex-employer) 0008654, BANPT6072G
purchase Account
No. 27/06/2024 New Issue) value on in Tyagi
Manoj
Jalpaiguri spouse
ofName Opening Code
IFS cash). as return
2014-15
of Road,Naveen (VIII in market amount
No
CostNo below and :bank - acquired
by Roshanara in Certificates below
given tenant: deducted).(paid assessee -31/03/2024 during income-tax
opened/closed) given account of
CALA69851F) (current(outstanding
RETURN companies assessee 16 Code given originally
contribution
cash. purchased
are No. 5/97of of
Savings assessee 31/03/2024.property 4-Generate
[Name tax bank premium (BSRare .
details Formn on
INCOME-TAX by (K (nosaving
in
party cent) : details (when 31/03/2024car
assessee
unlisted
company held year
accounts per
property
propertysources (TANby 21/04/2024 City)
(including Income fund
Public
provident in
Investment
National
(paid).bonds Investment/expenditure
Municipal
tax per paid house purchase
accounts
previous return (as
in
political
insurance
:7 source Asset acquisition
on
PAN
employer
of salary house ex-employer
tax by as on (Honda study
in
anyShareholding ofDetails
bank
other
RECcredited interest Self-assessment of
out at on - held value Cash-in-hand to Father's
Name
OF
timethe of filingdetails
Date
filing -
Income
from from to cost
e-FILING in
bank let from
on Mediclaim
Donation
deducted
paid details Jewellery car takenCase
Director during of of Interest
Interest of of-Cost
Market Original
of any Place Income
Pension
Income
Rent Income (rate By Tax Assets Shares Motor
Loan Name
329.4 PAN
No. at NPS Tax
- -
329.4
Para
329.4 during (Maharashtra) Rs.
1,94,10,000
18,00029,14,200 5,40,000
42,0004,00,000
1,800 14,000
6,60,00037,00027,00074,0001,30,000
34,000 73,000 28,00083,75,000
28,000 60,000
3,000 26,000
Para
days
360 shares,
4
STUDY Nasik-422502
for PUNB0023110 dividend:
(Maharashtra)
India listed 75632587871
CASE value
in company, Saving :rent
was Bhagpur, PNB of (market
receipt
(he on
422502 expenditure 00146)
resident 115/25,domestic - of assessee citizens)
121002) (date daughter
-Nasik 2023-24) :
No.
ordinarily
Ltd., Ltd.,ABCCG2456W
10(14)].
(employer's 10%) the senior
139(1),
original
return PAN: -Faridabad
of
Challan
tyagi750yahoo.com
Bhagpur, Furniture)
property.being birthday minor
Malls
year Marketing
00017545
DIN: account
ofType section Bihari). (both MUMTO1234C).
AAMCG8663P bank
ofName and 0004816,
12/12/1975 andprevious
7854685234
Ghanshyam No.
Account 28/06/2024 employer)
houseunder Nagar, rate mother
415/5699,Resident Code
IFS Shyam
Jugal house on son
spouse
Godrej Nashik TDS PNEG30679F)
:
employer
below friend independent bank:
the Nil by unfurnishedMultan:
exempt Dr. (tenantof TDS, and
given purchase assessee, DELJ49542D)
deductor:
non-resident father
section closed) given New:(tenant of of
assessee 16 [fully TDS) (net Code
companies contribution
are No. rent-free (383/14, of of of assessee
employer
which by
opened/ TransportallowanceTDS)10% for Ltd.
details Form (taxable)
allowance borrowedPapersa
premium
premiumpremium
of
tenant:
(BSR
taxable) from (TAN 03/03/2024
held year
unlisted per
property
(noof by
previous
the
accounts (net(paid).sources of
under company (including Income (as of floor interest
bank
Savings receivedInvestment/expenditure
given) fund insurance
insurance
insurance paid
of accounts return respect
education Tata (TAN Ltd.
sourceof
address (fully floor
status
Residential
filed employer
of
PAN
salary ground capital
lhouse other is provident (TAN tax
Papers
any in bank Rs. salary firsttax Municipal from 2023)
18,
May gift at employerSelf-assessment
on
Shareholding ofDatefiling-details from in 48,00,000)
filing chain Mediclaim
Mediclaim
Mediclaim
birth
ofDate be time
bank Basic Perquisite from
salary on from Dividend tenant
deducted paid
No.
Mobile
ID
e-mail to and in of Children of of Interest
of
date Public
Tata
Address of Income Income
Leave RentRent Income Silver
of anyduring
Director Details Tax
Return
Name Place Income on
NPS -By
Tax By By
No. at - - - - -
541
 Para

329.5e-FILING

details -Placefiling Details Shareholding employer Residerntial

PAN ofNameandReturn statuse-mailID
MobileNo.
Address study5-Generate
birth
Date PAN Name Name 329.5
ofFather's Case Assets
Interest
Municipal TDS)...
(paid)tax RentIncome
(noChildren -LTC - LeaveConveyance- Leave
Chargeable -House- salary
allowance
Transport Basic
Income Income Date of during timeany atNo. Director Cash-in-hand Faridabad)
LoanMotor
31/03/2024 Original
on
Conveyance
LTC Conveyance Exempt
of de
exempt
receivedtravel salary rent of to
taken car
from from filing ofthe bank
in tails
on education
fromtax bank be cost OF
borrowed allowance any employer (BMW
to (current -
house concession
allowance(fully to salary opened/closed)
(including
previous accounts addressoffiled
Asset
of INCOME-TAX
allowance Income
detailsare return accounts
in purchase
under fromallowance tax company
unlisted house
property (as under 5D)
allowance employer
section
10(5) taxable) market details
capital - per year held purchased property
(LTC)
exempt for Form which car
(100-15/AB, received companies by
local (outstanding value are RETURN
for No. assessee income-tax
(fully - section when given
purchase undertravelling given - during not
from 16 below
Eleplantexempt given available)
purchased below
section
employer 2015-16
of Kannur bank of BARCT8824Q l (Kerala)
670012original
return
Tat139(1),
a Resident
Nil Nirsanand@rediffmail.com the 7116586328 AANPA1207NSingh
4-12-78,
07/07/1986 Singh
Ram
AmarAnand returnamount
- by 11/09/2024 account
Type Account
CodeIFS No.Name
of
property under employer) -
Maidan, 10(14) Overseasprevious from (current
Railway as in
section and on 1994
Kochi the
year
ordinarily Anand
31/03/2024)......
Computers data market (383/14,
-
10(14)]. 2023-24) Road,
682001) given
resident New value New
(name Ltd., below
Street, not Multan
6G3/393, (he available)
tenant of -
SBIN0006521
71236547945 SBI
Saving was Kannur Nagar,
-
T. Old in
Mathew) India -
Uttam 670003
for
Nagar, 310 (Kerala)
days
86,00,000 Kannur 55,00,000 36,10,000
5,10,00021,40,000 6,10,000
6,50,000 4,10,800
80,000 2,400 11,00012,000 6,0009,00020,000 34,000
during 20,800
Rs. Rs. 542
-
 s43

Placefiling
Date of Details
during
Shareholding employer
atNo. Director PAN of Address
No.
Residentiale-mailMobile
NameReturn ID birth
Date ofFather's Loan
Motor Original
PAN Name Name 329.6 Cash-in-hand
31/03/2024 on
Assets -Tax
Self-assessment Tax (rate
- -Investment contribution
Mediclaim Provident
NIS fund Interest Winnings
DividendInterest Interest
Income Brought
15/06/2023)
ByByInvestment/expenditure
any of deducted
employer
details paid Jagatpur of
of of the time bank and to Case taken car interest credited on from
received
filing in cost forward
bank be (i20) from
income-tax from
previous anyaddress filed status to - on in
atinsurance otler
accounts
(including Asset
of 17/04/2024 Lottery
return in tax (TAN sourceNational
study6-Generatepurchase
accounts company :7.76 in T
unlisted purchased Kochi paid Software
lottery fromsources loss
under saving
of details of of
yearassessee
heldby employer house Authority
by perpremium n a
opened/ which car employer Savings
cent)
refund (ofriend
assessment
companies assessee
(outstandingduring property are (BSR bank Ltd.October
section of (received on
closed) income-tax given Code (TAN: Certificates account (no
2020-21 father-in-law : loan
DELT23698D) TDS) 16, year
(current below of
bank
MUMJ52136A) on
2023)given
Bengaluru Code
Account
IFS No.Name
bank of Nil Nil
BAACA7479T 139(1), the 6884521550
BANPM5987NKumar
Ashok
Malhotra
Naresh
Kumar
86/71, Malhotra
22/08/1956 amount 2023-21
12/07/2024
account
Type of returnResident
nkm1208@yahoo.co.in
Amaroriginal return (current (VIII
-
January (net
previous to
market 0008610, : him
Textiles as Issue) and of of
and New from market
on 6,TDS house
value
mother-in-law 2024
year
Ltd., ordinarily Patel 31/03/2024)
the Challan (date 0
Road, value for 30%) property
51-3 2023-24) data not of the
given notavailable) No. investment:
Cubbonpete, resident Raja (both assessment (date
available) :00601)
Market, below
****
senior of
(he filing
January year
SBINO001422
Saving
86112523012 SBI Bengaluru- was Bengaluru- citizens) of CASE
in 2022-23) return:
India 1,
2021) STUDY
560002 for 560002 ...
280 6
(Karnataka) days (Karnataka) 74,000(-) Para
6,50,00070,00,000
2,03,000 23,10,000 1,10,000 1,32,930
during 34,000 15,000 25,000 48,00020,000 18,700
2,000 4,70011,25035,000 329.6
Rs. Rs.
 Para
329,7

Director
employer Address
Mobile
Residentiale-mail IDNo. 329.7 Jewellery details
Assets - Public credited
Interest
PAN ofNameReturn birth
DateFather's
ofPANName Name Market Cost of Adane
Tax - By Inestment/expenditure
- Tax NPSRecognised
By Cash Interest
in Giftacquisition Salgains
BankIncome CostofCapital Profits
e (2) Cost Entertainment
e allowance House Salary
SalCayital
gains
(1) HRA Travelling
HRA
Income Incomee-ILING
Case employer
bankded1ucted
deposited reveived consideration
interest consideration
and to paid provident from of exempt
inemployer
reeived
tronm rent from details
in be value
acquisition ta/selfassessment
held
from acquisition lieu
any address filed status study on on other allowance
allowane salary OF
Asset FD at provident PNB in(FD) of
company as by 02/06/ (TANsource under INCOME-TAX
Invome
under interest in
fund cash sources salary
7- on assessee Sukanya (as
of 31/03/2023 (when details account
saving
bank
mutual from (yearof of (year of
employer Generate of from gold personal section (HRA) exempt Nr detailn
which
2023 contribution..... fund
employer (taxable)
(TAN SBI of Form
originally on are Code (BSRoftax (held
acquisition: RETURN
Samriddhi
contribution.
fund a(net
friend acquisition 10(13A). under
section 31/03/2024 paid computer No, are
income-tax given of TDS)(no for
BLRS93839F) bank: of
RTKA12336C).by : TDS personal l6 given
setion givn
acquired below assessee
0003490,
bank : Account 2003-04)
@ : 2020-21) (ate below
AHPCR9873PBAAPJ5213B
Jhunjhunwala
Bengal) previous
Resident
(Westnv1964@gmail.com BAKPV1097T
9801116835
the7745962146,
678-1-2,
15/11/1964 Bharat
Niharika
Vij MsVi.j by
00011476
DIN:PAN:Rajeev original
139(1),
return return 10%) l0(14)
use) of employer)
Traders
in
from 1984-85) (CIl:(date transfer:
and Mukherji
DevelopersLtd., year
ordinarily the Challan 109) of
Ltd., transfer:10/09/2020)
2023-24) Road, data
domestic
given No.
resident Kalakar 10/04/2023)
00024) :
company, 27/5 below
(he Street,
RamkrishnaPark, was -
Kolkata 348)...
(CII:
listed in
India
shares, -700007
for
Kolkata 300
days (West
18,55,000 51,00,000 62,00,000)
-700025 during8 Bengal) 7,20,000 1,40,000 1,80,000 3,00,000) 4,90,000
3,10,000
30,000 80,000 20,000 82,00019,00030,000 11,4003,15036,000 50,00030,000 72,000B,000 27,69%0)
Rs. 544
 s45

ofIncome -LIC
Address - - Profits c
BasiIncome Date of
Income Place filing Details
during atNo. Shareholding
e gains
Fair Fair Cost SalCapital Interest
Fire Municipal
(outstanding).
MunicipaltaxesBengal), Interest
AddressIncome Municipal
Municipal
(outstanding)..
Municipal
taxes Rs. Renttenant - Leave Travelling
LTC Travelling Commision.salary
Travelling LeaveHostelPerquisite any of
market
market ofinsurance
consideration 20,00,000) from from de of
from exempt
from received travel salary
expenditure in tails filing ofthe time bank
acquisition on fully of on : of lieu in bank
capital taxespropertyhousecapital tax taxes tenant Royal salary - previous accounts
(including
valuevalue is
propertyhouse concession
under allowance
allowance
allowance(fully respect of Income retum in
premium owned (unrealised from salary accounts unlisted
paid property pai d paid Ltd.
(net property (as
onon (year ofborrowed borrowed taxable)
by by : : section allowance
for of per year held
AprilAprildiamonds 678-1-Z, by by of 1820, employer exempt
(LTC)received (exempt) details
of of assessee
assessee, (2) tenantassessee rent TDS (1) travelling personal Form opened/closed) by companies
1,
acquisition 1, house for Bank 10(5)
1981 2001 during : @ -
under [fully No. are assessee
(held Mukherji nil, 10%) from
property during fully
renewal during Street, attendant 16 given
2008-09 vacancy outside exempt giren
: for (municipal section
employer
1977-78)
personal self-occupiedthe Road, of the Indore belowKolkata account
which bankof 2 Cost
house : (provided by 25/07/2024 Type of
Refundaccount Account
CodeIFS No. Name
No
AFDCS2598M
Opening PAN: Name
r
foprevious previous ni l) headquarter
10(14) under employer)
Kalakar - - purchase of
purchase value, 453111 (if of
use) property acquisition: balance company
year fair
section by any)
(date year Street,
(MP), - or
of employer).. to sale
of house rent, 10(14)] be :
Kolkata fully during 80,
Rs. 000 Sunder :
transfer: standard credited
property owned 28,90,000shares
- the Motors
700007 to
20/02/ rent by year
Saving SBI
is
assessee, SBINO001422
76169523017 Ltd.,
2024) (West lower
domestic CASE
than name
STUDY
Saving Standard company
46512497816
SCBL0036072Chartered
Bank 7

18,00,000 Para
9,00,000
45,00072,00010,000 70,00042,00025,00027,000 1,98,000
3,00,000 40,00048,000 40,000
41,00,000
8,00050,000 9,00047,500 3,600 30,00036,000 329.7
Nil Rs
Para 329.8 e-FiLING OF INCOME-TAX RETURN 546

Rs.
Income from other sources
Bank interest (savings account) 26,000
Gift received from mother's brother 80,000
Gift received from a colleague in cash 80,000
Interest on income-tax refund (received on December 1, 2023 for the assessment year 2023-24) 3,710
Dividend on preference shares from Heera Motors Ltd. (no TDS) 1,250
Interest ondeposit given to Amar Construction Ltd. (TDS: nil) 26,000
Investment/expenditure
Recognised provident fund contribution. 1,80,000
Public provident fund contribution 46,000
Investment in NSC (VIII Issue) (date of investment: 17/03/2024) 10,000
Investment in NSC (VIII Issue) (date of investment : 08/01/2023) (rate of interest : 7 per cent) 70,000
NPS
70,000
Tax deducted at source
- By employer (TAN of employer : RTKJ65421G) 10,42,000
- By tenant (TAN of tenant:DELR78456A) 2,00,000
Advance tax/self-assessment tax paid by assessee
Tax paid on 08/09/2023 (BSR Code of bank:0006560, Challan No. :00001) 41,000
Tax paid on 04/07/2024 (BSR Code of bank : 0006740, Challan No. : 00048) .....
1,70,000
Assets details - Asset details are given below -
Rs
Original cost of house properties owned by assessee (House 1 : Rs. 6,00,000 and House 2:
Rs. 24,00,000) 30,00,000
Cash in hand on 31/03/2024 84,000
Shares 85,10,000
329.8 Case study 8- Generate income-tax return from the data given below -
Name Ram Kumar Yadav
Father's Name Darshan Kumar Yadav
PAN AANPY3461T
Date of birth 11/07/1978
Address 4/55, New Rohtak Road, Patel Street, Kamalpura, Vadodra - 391520
(Gujarat)
Mobile No. 9899000052
e-mail ID
rkyadav1978@gmail.com
Residential status Resident and ordinarily resident (he was in India for 210 days during
the previous year 2023-24)
Return to be filed under which section 139(1), original return
Name and address of employer Rajat Chemicals Ltd., 11 Himmatpura, Vadodra - 391774 (Gujarat)
PAN of employer AAACR7278H
Director in any company Satish Traders Ltd., domestic company, listed
shares,
PAN: AHPCS4417S
DIN: 00013641
Shareholding in unlisted companies Nil
No. of bank accounts held by assessee 2
at any time (including opened/closed)
during the previous year
Details of bank accounts Name of bank SBI PNB
Account No. 46548897817
IFS Code
86112523019
SBINO001422 PUNBO023110
Type of account Saving Saving
Refund (if any) to be credited
to which account
329.8
Rs.
1,45,00,000
40,000 7,50,000
6,30,000
30,0008,0008,000
48,000 9,00,000
20,000 1,85,000
8,000
24,000 40,000 84,00,000
97,00,000 86,000
70,000
84,000 50,000
22,000 (-) 3,60,000
18,00,000
4,00,000 20,000
81,000 55,000 1,10,000
70,000 30,000 40,000 49,30,280
40,000 40,000
1,00,000
Para
8STUDY Delhi-110070.
1,30,000).
CASE rule). by filing
ownedlower Street,
valuation 137). of Rs.
year) (date price:
fully isrent (CII: Kishan
previous:348) 2015-16 purchase
per 400002,standard (CII 15/06/2008 7/108/10,
as calculated
-Mumbairent, current15/05/2023) year 2023)
(CII:105) 2,00,000, :address
property. assessment 20,
fair year the on April
value wall MUMP93839E)
31/07/2024 employer) employer) (East),value,nil).previous during transfer: 15/06/2003) Rs. plot
Vadodra 10(14) :vacancy house
boundary value: :
investmentRTKR12336C)
-below (taxable Andheri(municipal the 10%) AANPS2270G),
by section
(collected from
the of (market DELK12336C).
given of @
given by loan nil, during renewal (date :acquisitionconstruction of 2023forward TDS friend. accountcontribution. of :bank
l6 under 10(13A). interest-free Street,
(provided Ltd.10%):rent 2010-11land' 01/06/ of friend.friend
.... (date
contribution (PAN:
are No. employer (taxable)
(exempt) Kamal
Tata
(outstanding)...
taxes
Municipal
assessee
tenant.
for
20011981
brought
(net another
:
employerof
details Form exempt -(HRA)section O (unrealised assessee bank Issue) (TAN
TDS
property:305, borrowed of
to plot 1, 1,
April on PNB a fund tenant: Saran
gas tenant:
property pertaining of
(date
April bonds
a
from fromsaving
lossreturn:01/06/2015)
of
on (VIII
Incomeper allowance allowance of of salary
fromunder salary of by
(net paid paid
by
a the on on incurred
from
sources from provident
receivedring Investment/expenditure
fund of
interest Sunder
return (as respect
respect 10,00,000) of value.
duty
Stamp acquisition
consideration REC NSC (TAN
source of
salary capital by value capital receivedin
enalary received
exempt oflieuof
house tenant
name taxes is rent(1)
of Capital paid value in
gains other(FD) goldcredited provident employer (TANFD Shiv
ofDateiling detuls
tiling -
rent in in
from Travelling lieu tax market Expenditure
market Investment frominterest
Long-term kind of
in
Recognised at
Investment on is
Perquisite fromof
Perquisite from Municipal
Municipal on of Brokerage Purchase deductedtenant
bank Purchaser
in in Address
assessee, Arrears
Interest gift Interest Public
of
T'laceIome Income HRAHRA Profits
House Income Rs.
Profits of Income in
Basic Rentthan Sale CostFairFair Gift Cash
Bank NPS Tax -ByBy By
1.
S48
Rs. 1,90,000
40,000 8,40,000 7,00,000
79,90,000
71,41,000 38,910
85,00,000 5(Kat.
-60002 during 19,200
Rs Bengaluru
days
years) company
Market, 185
Bengaluru Cubbonpete,
for 4 shares,
last domestic SBINO001422
58471323012
India
during listed
in Saving
72/CD-4
wasdays company, Ltd., SBI
below (he year
00012)
00092) Mohan 800 Motors
resident Ltd., 8,00,000
****
and shares the
year year.
assessment
given domestic
:No. : Road,
No.
assessment 2023-24Textiles
ordinarily
Radha during
Challan data arora1257@yahoo.co.in 2000
Rs.
Challan Arora
Ghansham
Das Punjabi 139(1),
return
original
560002
(Karnataka)
Ltd.,
PAN: : PAN:
ACHCR1249]
ABDCR1234J sale
acquisition:
the AroraDas
Nirmal year Original company balance:
1984-85) from BATPA8547M 00013213
DIN: or Type
account
of
0003490,
0003490, New 3542169874
Motors
andprevious AJHCP2149N purchase of
bank
Name
available
latest
available 14/10/1957 Account
No.
Bengaluru employer)
12/07/2024
in return nataka) Resident Poonam Radha Name
34/70, of Opening
of
IFS
Code
bank:
bank: acquired
the CostNo -
assessee -below latest below by
-31/03/2024 income-tax
given
of of the for the
by Code
Code given originally section assessee given
RETURN for companies 16
paid 31/03/2024 year No.
(BSR
(BSRare return return
wealth-taX
per
property Generate employer
which opened/ are
tax on 31/03/2024 by
Form
details (when previous details
INCOME-TAX 17/06/2024
26/09/2023
taxfself-assessment assessee wealth-tax company unlisted held
under accounts per
house of (including
acquisition
on 9-
address accounts Income(as allowance
return Transport
Asset study statusfiled PAN
Residential ofemployer in the
by as on salary
on on - held value of Father's
Name any
Shareholding during
bank filing
OF per cost hand ofDate
birth be time Date
offiling -
paidpaid details Jewellery as -Value
as Case Mobile
No.
e-mail
ID to
and in bank details from
e-FILING of Market Original Address Director of
closed)
Advance
Tax Tax Assets Cost -Value in Cash 329.9Name PAN
Return
Name of any Details of
PlaceIncome Income
Salary
No.at
- -
329.9
Para
 ww

NPS BankIncome return : Fair Cost Capital SalegaiInterest

s IncomeProfits
Address-Conveyance - - -
-House
birth PAN Name Name329.10
Date ofFather's (original
Shares Original
cost). Cash Value Jewellery
- -Value Assets Advance
Tax - By By
Tax New
Donation
Donation Mediclaim
Donation Recognised
Public
Investment/expenditure Savings
interest Long-term
Giftbank01/06/2016). Municipal
n(Karnataka), Conveyance
-Conveyance LTC LTCLeave HRA Travelling
HRA
Market Cost
source at
bank deducted received interest consideration
market of
in depaid employer
Delhi, from on from in exempt receivedtravel
exempt
received rent
Case as as (when tails provident acquisition of lieu
hand cost value tax/self-assessnent
held by to to
per per other capitalvalue capitaltaxes
property:34/70, allowance
allowance
study of Asset - on on PAN: anotherinsurance
FD cheque a provident in (FD) fully houseallowance ofallowance
allowance underconcession
wealth-tax
onwealth-tax originally by
as 04/04/2024 (TAN political cash sources from under from
31/03/2024 house on
assesseedetails interest fund (net loss on of
(year borrowed
paid propertysalary
owned
10- AACTP4637Q] to
of politicalpremium from by section
employer section employer(HRA)(fully
property 31/03/2024 Prime party fund of brought April personal (taxable) for (LTC)
Generate acquired employer
(TAN contribution. a TDS
of assessee by exempt
return return on are (BSR tax 1,
received local
friend acquisition:1998-99) for
assessee, New 10(5) taxable)-
31/03/2024 given paid Minister' party incontribution.
s @ 2001jewellery 10(13A).
for for Code of cash for 10%) forward undertravelling
income-tax in by : ..... of
purchaseduring
Punjabi from
the the1984-85) below RTKP12336C) bank: parents-in-law
assessee'
by s
assessee
of bearer father-in-law fully
latest latest bank National from (date the section
employer
BADPR2357H Rathore
Naresh
Rathore
Naresh
Vijay Ram - BLRS93839F)
- of Road,
27/08/1972 self-occupied
return availableavailable :0003490, cheque. the previous
ofhouse 10(14)
Relief assessment transferproperty Mohan
from year
assessment assessment Challan Fund :
25/05/2023) Market,
the
[Address: year
data No.
year year 2016-17 Bengaluru
given :
00070)
PMNRE, (CII:348)
below (date
of 560002 - CASE
- South filing
STUDY
Block, of
10

Para
10,00,00044,10,00043,00,000
72,00,000
4,60,000 12,38,000 18,00,000 64,000(-) 3,10,000 4,00,000
3,90,200 3,00,000
56,718 50,000 37,0002,00,000 64,000 10,0004,000 20,00010,000
1,20,00090,000 1,20,00021,000 91,00070,000
8,40,000 1,60,00012,000 15,00042,71040,000 48,000 329.10
Rs.
 Para
329.10

Commission
Tiffin
Perquisite
allowance
Transport salary
Basic
Income Dateof
Income Placefiling Details
during employer
at Director
Shareholding Residential
PAN ofNameReturn Mobile
statuse-mail No.
Address
ID
Capital
Salegains
Investment Cost of Brokerage Capital
gains
Interest
(1)
(2)Cost Expenditure
repair... oWned
Address
onGST Rent Children
Income LTC Conveyance
-
-Leave Leave
- allowance
Sale expenditure
HostelConveyance
LTC Conveyance - any No. e-FILING
of
considerationconsideration of received
tenant
from
received and to
by from
exempt
employer
received
fromtravel pertaining ofthe time bank
in
from details filing of
acquisition acquisition on of bank be
assessee, education in previous any address
in paid capital he
thouse salary (including
accounts filed OF
concessionallowance respect -
return in
REC from under allowance
allowance Income accounts company INCOME-TAX
by commercial unlisted under
property to (a s of
bonds(date of(date the borrowed of allowance
tenantname allowance exempt
[fully earlier of year
section per held employer
diamond assessee gold
for rent-free details opened/closed) which
of (LTC)received
exempt Form companies
on of of by
(date property localyears RETURN
acquisitionacquisition
01/04/2023 for tenant: 10(5) assessee
(fully - No. are section
(date of
renewal travelling house...
under from salary 16 given
transfer
of Ram exempt employer)
given by
:
:01/09/2019) 1A/17/1256, :
transfer
02/11/2012) section
employer (fully
DAACS1358U 110005
of Shyam below Delhi New account
31/07/2024 account
whichRefund
any) Account
to(if Type of bank of
CodeIFS No.Name 3 Nil Nil rnr2708@hotmail.com
Delhi -139(1) the 8851245687
Sridhar
- Resident C-4F/559,
02/04/2023) : above 10(14)].
section
underunder be previous
: 10(14) taxable) - credited
03/05/2023) Ltd. Associates
property section
Kirti 10(14)]. and
(CII:
Naresh
(CII: year
Nagar, to ordinarily
(CII:348)
184) 280)
Ltd., 2023-24) Nagar,
Saving
70112546314 HDFC
Lucknow HDFCO0000327
SBINO001422
25/ resident
16, Delhi
- New
226001, (he 110059 -
82512523012
Saving Rohtash was
SBI
fully in
India
Road,
for
Karol
PUNB0477400
11648897812 PNB
Saving during 250
Bagh. days
30,00,000
547,200
1,50,000 1,75,000
1,80,000 6,00,000
10,50,4,000590,0,00000,0004,00,00020,00,500 45,000 10,000 18,000
18,000 20,00020,000
9,500 4,027,00 000 2,4003,600 Ne.
Rs. 550
 CASE STUDY 11 Para B29,11

Capihl guins()
ale onialeration ot equity nharen ina linted company (date of transfer:04/06/2023)
(eurity rannaction tax in pakl) (name of conmpany: Vedanta Ltd., ISIN; INE205A01025,
Mnber ot sharen ,740, vate: Ra. 500 per share) ttttrttt 18,70,000
Cont ol awquisition (date of acquisition: 0%/12/2015) (number of shares:3,740, rate : Rs. 320 11,96,800)
pershare) ttttetttitttttteh

15,75,000
air market value of sharen on January 31, 2018 (on the basis of highest quotation of NSE) ...
Caubal gains (4)
ale conwiderationof equity nharen ina listed company (date of traster: 14/07/2023) (security
tansaction tax in paid) (name of company: Maruti Suzuki Inlia Ltd., 1SIN: INE585BO1010,
38,00,000
unmber ot shares :3,800, rate: R. 100 per share)
Cost of acquisition (ate of acquisition : 05/05/2008) (number of shares:3,800, rate: Rs, 57 per 2,16,600
share).
Fair market value of shareN on January 31, 2018(on the basis of highest quotation of BSE) 33,10,000
Income from other NOurces 24,900
Interest redited in saving bank account 82,000
Gift received fronm elder brother of grandfather
Git heceived from a non-resident riend
50,000
74,000
Gift received by minor son of assessee (name:Z, date of birth: May 17, 2021) 1,20,000
Dividend from Indian companies (no TDS) (date of receipt : 08/06/2023) 2,24,800
Dividend from a foreign conmpany (date of receipt: 15/06/2023)
Inestment/expenditure 80,000
Recognisedprovident fund contribution 22,000
Public provident fund contribution 60,000
NIS 4,000
Life insurance premium (sum assured: Rs., 2,00,000).... 87,000
Interest paidon loan taken from a bank for higher education of daughter.
children 30,000
Mediclaim insurance premium for assessee, his wife and dependent 20,000
Mediclaim insurance premium for grandmother
Tax deducted at soure 10,18,500
- By employer (TAN of employer: RTKS46561E)
Adance tav/selfassessment tax paid by assessee
Challan No.: 00029) 1,18,000
Tax paid on 15/12/ 2023 (BSR Code of bank :0003490,
18/02/2024 (BSR Code of bank: 0003490, Challan No. : 00057)
10,000
Tax paid on
Assets details -Asset details are given below
Rs.
Jewellery held by assessee on31/03/2024 - 9,000
Cost of acquisition (when originally acquired by parents in 1974-75) 3,08,000
Market value as on 31/03/2024
86,000
Cash in hand on 31/03/2024
5,15,000
Bank balance as on 31/03/ 2024
31/03/2024) 48,000
Loan taken by mortgaging jewellery (outstanding amount on 80,01,500
Commercial property in Lucknow
below -
329,11 Case study 11 - Generate income-tax return from the data given
Kirti Kumar Awasthi
Name
Amitabh Kumar Awasthi
Father's Name
BADPA6724K
PAN
Date of birth 21/10/1954
Address C-15/25, Shivaji Nagar, Jaipur -302002 (Rajasthan)
Mobile No. 7254545446
e-mail ID kirti1954@gmail.com
Residential status Resident and ordinarily resident (he was in India for 285 days during
the previous year 2023-24)
Return to be filed under which section 139(1), original return
Name andaddress of ex-employer Gurmeet Computers Ltd., 12/32, Ramgani Bazar, Jaipur - 302003
(Rajasthan)