Name of Assesse Rajesh Kumar Dwivedi

Fathers's Name Pawan Kumar Dwivedi

Address 810,Shiv Nagar Sharma Atachaki ke Samne,Garha
Jabalpur Madhya Pradesh 482002
Status Individual Assessment Year 2018-19
Ward Year Ended 3/31/2018
PAN BKBPD9553M Date of Birth 6/30/1971
Residential Status Resident Sex Male
Nature of the Bussiness Professions-other Professional Services n.e.c.(16019)
Filing Status Original
Return Filed On 7/19/2018 Acknowledgement No. 822380880190718
Last Year Return Filed on 12/30/2018 Serial No. 350804580301217
Adhar No. 519127895474 Passport No:
Bank Name State Bank of India,Near ITI Tiraha,Karmeta,Distt: Jabalpur
(M.P.-482002,MICR:NON-MICR,A/C No.:33518157417,
Type: Saving,IFSC :SBIN0014455
Tele. Mobile No.9752924311

Computation of Total Income for the A.Y. 2018-19

Income Bussiness and profession (Chapter IV D):-

Income From Bussiness & Profession

Income From Rahul Timber Industries
Profit as per Profit and Loss Account 142800.00

Income from Vikash Timber Industries 342800.00

Other Bussiness Income 115650.00

Gross Total Income 601250.00

Less:- Deduction (Chapter VI-A)

U/s 80C
Tution Fees 100000

Total Income 501250.00

Round Off U/s 288 A
Adjusted total income (ATI) is not more than Rs 20 Lakh hence AMT is not applicable

Tax Due 12750

Education cess 383
13133
Interest U/s 234 A/B/C 921
14054
Rounded Off U/s 288B 14050
Depopsit U/s 140A 14050
Tax Payable 0
Tax calculation on Normal income
Exemption limit :250000
Tax On (500000-Exemption Limit)@ 5%=12500
Tax on 500001 to 501250=1250 @ 20% =250
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR

ACTUAL TRADING & PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31.03.2018

PARTICULARS AMOUNT PARTICULARS AMOUNT

To opening Stock:- 588875.00 By sales 1625000.00

.
To Closing Stock 685200.00
To Purchase Accounts 942500

To Transportation
Charges 182400.00

To Gross Profit 596425.00

Total 2310200.00 Total 2310200.00

To Indirect Expences:-

To Salary & Bonus

Expenses 60000.00 By Gross Profit 596425.00

To Electricity Expences 18000.00

To Depreciation 14695.00
To Conveyance Expenses 58900.00
To Telephone Expenses 2580.00
To Office Expenses 65250.00
To Staff Welfare 34200.00

Net Profit 342800.00

Total 596425.00 Total 596425.00

SCHEDULE NO.1 PROPRIETOR'S CAPITAL ACCOUNT AS ON 31.03.2018

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Drawings 208508.00 By Balance b/d 644408.00

To Tution Fees 62500.00
To Balance c/d 716200.00 By Business Profit 342800.00
Total 987208.00 Total 987208.00
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR
ACTUAL BALANCE SHEET AS ON 31.03.2018

LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT 716200.00 Fixed Assets 146950.00

(As per sch-1) less:- Depreciation 14695.00 132255.00

Unsecured Loans 544323.00 Current Assets

Current Liabilities:- Closing Stock 685200.00

Security Deposits (Assets) 15000.00
Provisions
Electricity Bill 8755 Sundry Debtors 452800.00
Bonus Yr 17-18 23550 32305
Cash & Bank balance 86061.00
Sundry Creditors 104000.00 State Bank of India 25512.00

TOTAL 1396828.00 TOTAL 1396828.00

Name of Assesse Rajesh Kumar Dwivedi
Fathers's Name Pawan Kumar Dwivedi
Address 810,Shiv Nagar Sharma Atachaki ke Samne,Garha
Jabalpur Madhya Pradesh 482002
Status Individual Assessment Year 2019-20
Ward Ward 1(3) Jabalpur Year Ended 3/31/2019
PAN BKBPD9553M Date of Birth 6/30/1971
Residential Status Resident Sex Male
Nature of the Bussiness Professions-other Professional Services n.e.c.(16019)
Filing Status Original
Return Filed On Acknowledgement No. 777787690080819
Last Year Return Filed on 7/19/2018 Serial No. 350804580301217
Adhar No. 519127895474 Passport No:
Bank Name State Bank of India,Near ITI Tiraha,Karmeta,Distt: Jabalpur
(M.P.-482002,MICR:NON-MICR,A/C No.:33518157417,
Type: Saving,IFSC :SBIN0014455
Tele. Mobile No.9752924311

Computation of Total Income for the A.Y. 2018-19

Income Bussiness and profession (Chapter IV D):-

Income From Bussiness & Profession

Income From Rahul Timber Industries
Profit as per Profit and Loss Account 136680.00

Income from Vikash Timber Industries 440300.00

Other Bussiness Income 115650.00

Gross Total Income 692630.00

Less:- Deduction (Chapter VI-A)

U/s 80C
L.I.P. 45000
Tution Fees 105000
Total 150000 150000
Total Income 542630.00
Round Off U/s 288 A
Adjusted total income (ATI) is not more than Rs 20 Lakh hence AMT is not applicable

Tax Due 21026

Health & Education cess (HEC) @ 4.00% 841
21867
Interest U/s 234 A/B/C 2190
24057
Rounded Off U/s 288B 24060
Depopsit U/s 140A 24060
Tax Payable 0
Tax calculation on Normal income of Rs 542630/-
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR

ACTUAL TRADING & PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31.03.2019

PARTICULARS AMOUNT PARTICULARS AMOUNT

To opening Stock:- 685200.00 By sales 2021067.00

.
To Closing Stock 794000.00
To Purchase Accounts 1172219

To Transportation
Charges 196800.00

To Gross Profit 760848.14

Total 2815067.00 Total 2815067.00

To Indirect Expences:-

To Salary & Bonus

Expenses 72000.00 By Gross Profit 760848.14

To Electricity Expences 33600.00

To Depreciation 41339.78
To Conveyance Expenses 62500.00
To Telephone Expenses 2680.00
To Office Expenses 61228.36
To Staff Welfare 47200.00

Net Profit 440300.00

Total 760848.14 Total 760848.14

SCHEDULE NO.1 PROPRIETOR'S CAPITAL ACCOUNT AS ON 31.03.2019

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Drawings 252000.00 By Balance b/d 716200.00

To Tution Fees 68500.00
To Balance c/d 836000.00 By Business Profit 440300.00
Total 1156500.00 Total 1156500.00
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR
ACTUAL BALANCE SHEET AS ON 31.03.2019

LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT 836000.00 Fixed Assets 132255.00

(As per sch-1) Addition 281142.78
413397.78
less:- Depreciation 41339.78 372058.00

Unsecured Loans 646898.00

Current Assets
Current Liabilities:-
Provisions:- Closing Stock 794000.00
Electricity Bill 8950
Bonus Yr 18-19 25000 33950.00 Security Deposits (Assets) 15000.00

Sundry Creditors 108200.00 Sundry Debtors 258400.00

Cash & Bank balance 130801.00

State Bank of India 54789.00

TOTAL 1625048.00 TOTAL 1625048.00

 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR

ESTIMATED TRADING & PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31.03.2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To opening Stock:- 794000.00 By sales 2782000.00 417300.00

.
To Closing Stock 895000.00 671250
To Purchase Accounts 1613560

To Transportation
Charges 204000.00

To Gross Profit 1065440.00

Total 3677000.00 Total 3677000.00 38.30

To Indirect Expences:-

To Salary & Bonus

Expenses 96000.00 By Gross Profit 1065440.00

To Electricity Expences 42000.00

To Depreciation 37205.80
To Conveyance Expenses 85000.00
To Telephone Expenses 3200.00
To Office Expenses 85234.20
To Staff Welfare 55000.00

Net Profit 661800.00 23.79

Total 1065440.00 Total 1065440.00 0

SCHEDULE NO.1 PROPRIETOR'S CAPITAL ACCOUNT AS ON 31.03.2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Drawings 447000.00 By Balance b/d 836000.00

To Tution Fees 69200.00
To Balance c/d 981600.00 By Business Profit 661800.00
Total 1497800.00 Total 1497800.00 0
 0.08

-4

-8

78.64
gst
2017-18 2018-19 2019-20 upto oct

0.75 profit 601250 692630 622265

gst 18-19
1771067

50

9.0894071334

19.476635514
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR
ESTIMATED BALANCE SHEET AS ON 31.03.2020

LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT 981600.00 Fixed Assets 372058.00

(As per sch-1) less:- Depreciation 37205.80 334852.20

Unsecured Loans 448000.00

Secured Loan:-
Cash Credit from SBI 400000.00 Current Assets

Current Liabilities:- Closing Stock 895000.00

Provisions 35000 Security Deposits (Assets) 15000.00

Sundry Debtors 398500.00

Sundry Creditors 98500.00
Cash & Bank balance 319747.80

TOTAL 1963100.00 TOTAL 1963100.00

 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR

PROJECTED TRADING & PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31.03.2021

PARTICULARS AMOUNT PARTICULARS AMOUNT

To opening Stock:- 895000.00 By sales 2861000.00 429150.00

.
To Closing Stock 1028000.00 771000
To Purchase Accounts 1659380

To Transportation
Charges 204000.00

To Gross Profit 1130620.00

Total 3889000.00 Total 3889000.00 39.52

To Indirect Expences:-

To Salary & Bonus

Expenses 102000.00 By Gross Profit 1130620.00

To Electricity Expences 45600.00

To Depreciation 33485.22
To Conveyance Expenses 94500.00
To Telephone Expenses 3500.00
To Office Expenses 103034.78
To Staff Welfare 58000.00

Net Profit 690500.00 24.13

Total 1130620.00 Total 1130620.00 0

SCHEDULE NO.1 PROPRIETOR'S CAPITAL ACCOUNT AS ON 31.03.2021

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Drawings 581700.00 By Balance b/d 981600.00

To Tution Fees 72200.00
To Balance c/d 1018200.00 By Business Profit 690500.00
Total 1672100.00 Total 1672100.00 0
 0.08

-4

-8

89.57
gst
2017-18 2018-19 2019-20 upto oct

0.75 profit 601250 692630 622265

gst 18-19
1771067

9.0894071334

18.938832576
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR
PROJECTED BALANCE SHEET AS ON 31.03.2021

LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT 1018200.00 Fixed Assets 334852.20

(As per sch-1) less:- Depreciation 33485.22 301366.98

Unsecured Loans 425000.00

Secured Loan:-
Cash Credit from SBI 400000.00 Current Assets

Current Liabilities:- Closing Stock 1028000.00

Provisions 45200 Security Deposits (Assets) 15000.00

Sundry Debtors 485200.00

Sundry Creditors 85200.00
Cash & Bank balance 144033.02

TOTAL 1973600.00 TOTAL 1973600.00

 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR

ESTIMATE TRADING & PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31.03.2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To opening Stock:- 2941121.00 By sales 7598000.00 1367640.00

.
To Closing Stock 3529300.00 2646975
To Purchase Accounts 6085000

To Transportation
Charges 360000.00

To Gross Profit 1741179.00

Total 11127300.00 Total 11127300.00 0.00

To Indirect Expences:-
To Bank
Commission/Charges
Expenses/Interest
Expenses 123000.00 By Gross Profit 1741179.00

To Salary & Bonus

Expenses 300000.00
To Electricity Expences 82500.00
To Depreciation 37205.80
To Conveyance 125000.00
To Telephone Expenses 16000.00
To Travelling Expenses 82500.00
To Office Expenses 186373.20
To Staff Welfare 52000.00
To Accounting Charges 18000.00
To Advocate Fees(Legal
Fees) 6000.00
Net Profit 712600.00 9.38
Total 1741179.00 Total 1741179.00 0

SCHEDULE NO.1 PROPRIETOR'S CAPITAL ACCOUNT AS ON 31.03.2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Drawings 286188.00 By Balance b/d 1338188.00

To Tution Fees 72000.00
To Balance c/d 1692600.00 By Business Profit 712600.00
Total 2050788.00 Total 2050788.00 0
 -4

-8

22.92

0.75

-3

9.0894071334
7.1313503554
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR
ESTIMATED BALANCE SHEET AS ON 31.03.2020

LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT 1692600.00 Fixed Assets 372058.00

(As per sch-1) less:- Depreciation 37205.80 334852.20

Secured Loan:-
Cash Credit on SBI 1000000.00
Current Assets
Unsecured Loans 645800.00
Closing Stock 3529300.00
Current Liabilities:-
Duties & Taxes 78000.00 Security Deposits (Assets) 15000.00

Provisions 11700.00 Sundry Debtors 198400.00

Cash & Bank balance 35547.80

Sundry Creditors 685000.00

TOTAL 4113100.00 TOTAL 4113100.00

 RATIOS

TOTAL OUTSTANDING LIABILITIES TO TANGIBLE NET WORTH RATIO

PARTICULARS 2016-17 2017-18 2018-19 2019-20 2020-21

TANGIBLE NET WORTH

Net closing Capital Employed 644408.00 984058.00 1338188.00 1692600.00 2035900.00

TOTAL 644408.00 984058.00 1338188.00 1692600.00 2035900.00

TOTAL OUTSTANDING LIABILITIES

Cash Credit 0.00 0.00 0.00 1000000.00 1000000.00

Sundry Creditor 763490.00 1436415.00 1499330.00 685000.00 920000.00

Provisions 28021.00 32305.00 11450.00 11700.00 15200.00

Duties & Taxes 0.00 0.00 0.00 78000.00 88000.00

TOTAL 763490.00 1436415.00 1499330.00 1685000.00 1935200.00

TOL/NET WORTH RATIO 1.18 1.46 1.12 1.00 0.95

CURRENT RATIO AND QUICK RATIO

PARTICULARS 2016-17 2017-18 2018-19 2019-20 2020-21

Cash & Bank Balances 64950.00 43306.00 72583.00 35547.80 21833.02

Closing Stock 588875.00 2576025.00 2576025.00 3529300.00 4283000.00

Sundry Debtors 614000.00 230515.00 460200.00 198400.00 121900.00

Security Deposits (Assets) 12500.00 15000.00 15000.00 15000.00 15000.00

TOTAL 1280325.00 2864846.00 3123808.00 3778247.80 4441733.02

Cash Credit 0.00 0.00 0.00 1000000.00 1000000

Sundry Creditors 763490.00 1436415.00 1499330.00 685000.00 920000.00

Provisions 28021.00 32305.00 11450.00 11700.00 15200.00

Duties & Taxes 0.00 0.00 0.00 78000.00 88000.00

TOTAL 791511.00 1468720.00 1510780.00 1774700.00 2023200.00

Current Ratio 1.62 1.95 2.07 2.13 2.20

Average Current Ratio

Quick Assets 691450.00 288821.00 547783.00 248947.80 158733.02

Quick Assets Ratio 0.87 0.20 0.36 0.14 0.08
Average Quick Ratio
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR

PROJECTED TRADING & PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31.03.2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To opening Stock:- 3529300.00 By sales 8458000.00 1691600.00

.
To Closing Stock 4283000.00 3212250
To Purchase Accounts 6693500

To Transportation
Charges 384000.00

To Gross Profit 2134200.00

Total 12741000.00 Total 12741000.00 0.00

To Indirect Expences:-
To Bank
Commission/Charges
Expenses/Interest
Expenses 123800.00 By Gross Profit 2134200.00

To Salary & Bonus

Expenses 360000.00
To Electricity Expences 99000.00
To Depreciation 37205.80
To Conveyance 150000.00
To Telephone Expenses 17600.00
To Travelling Expenses 99000.00
To Office Expenses 222494.20
To Staff Welfare 52000.00
To Accounting Charges 21600.00
To Advocate Fees(Legal
Fees) 8000.00
Net Profit 943500.00 11.16
Total 2134200.00 Total 2134200.00 0

SCHEDULE NO.1 PROPRIETOR'S CAPITAL ACCOUNT AS ON 31.03.2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Drawings 525000.00 By Balance b/d 1692600.00

To Tution Fees 75200.00
To Balance c/d 2035900.00 By Business Profit 943500.00
Total 2636100.00 Total 2636100.00 0
 6.00
3

25.23

0.75

-36

9.0894071334
6.4062426105
 VIKASH TIMBER INDUSTRIES
810 SHIV NAGAR-JABALPUR
PROJECTED BALANCE SHEET AS ON 31.03.2020

LIABILITIES AMOUNT AMOUNT ASSETS AMOUNT AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT 2035900.00 Fixed Assets 334852.20

(As per sch-1) less:- Depreciation 33485.22 301366.98

Secured Loan:-
Cash Credit on SBI 1000000.00
Current Assets
Unsecured Loans 684000.00
Closing Stock 4283000.00
Current Liabilities:-
Duties & Taxes 88000.00 Security Deposits (Assets) 15000.00

Provisions 15200.00 Sundry Debtors 121900.00

Cash & Bank balance 21833.02

Sundry Creditors 920000.00

TOTAL 4743100.00 TOTAL 4743100.00

 PROMOTER’S PROFILE (BIO DATA)

NAME Rajesh Kumar Dwivedi

Fathers’s Name Pawan Kumar Dwivedi

Age Approx 48 Years

Educational Qualification ITI Civil Pass

Occupation Business

Experience The proprietor has more than 5 Years in

doing the Business and he has experirnce
and also is intelligent and having innovative
ideas to deal in business environment.
He is a knowlegeable person,Excellent
IQ Level,good administrator.
 PROJECT AT A GLANCE

Organisation : VIKASH TIMBER INDUSTRIES

Proprietor : Rajesh Kumar Dwivedi

Nature of Business : Timber Merchant

Address : 810 SHIV NAGAR-JABALPUR

JABALPUR.(M.P)

Working days : 365 days

Bank : STATE BANK OF INDIA

Finance Mix :

Cash Credit Rs. 10.00 Lacs