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Income Computaion Excell File A.Y2024-25

satyanarayana (accountant) (23 Points)

29 October 2024

Sir,

Please Send Income Computaion Excell Format A.Y 2024-25(Business 44ad)

Thanking You,

Satyanarayana.

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3 Replies

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5148 Points)
Replied 29 October 2024

I can provide you with a format for computing income for A.Y. 2024-25 under Section 44AD (Business):

Income Computation Format (A.Y. 2024-25)

*Business Details* -

Business Name: ______________________________ - PAN: ______________________________ - Financial Year: 2023-24 (A.Y. 2024-25)

*Gross Receipts* - Total Receipts: ₹____________________________ - Less: Deductions (if any): ₹_____________________ - Net Receipts: ₹____________________________

*Presumptive Income (44AD)* - 8% of Net Receipts (or 6% for digital transactions): ₹_____________________ *Less:

Allowable Deductions* - Business Expenses (if any): ₹_____________________ - Interest on Borrowings (if any): ₹____________________ - Depreciation (if any): ₹_____________________ *Total Deductions*:

₹_____________________ *Net Income (A.Y. 2024-25)* - ₹_____________________

Please note that this is a basic format and may require adjustments based on your specific business and expenses.

Additionally, this format is for businesses that opt for the presumptive taxation scheme under Section 44AD.

Please consult a chartered accountant or tax expert to ensure accurate calculations and compliance with the latest tax laws and regulations.

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5148 Points)
Replied 29 October 2024

I can provide you with a format for computing income for A.Y. 2024-25 under Section 44AD (Business):

Income Computation Format (A.Y. 2024-25)

*Business Details* -

Business Name: ______________________________ - PAN: ______________________________ - Financial Year: 2023-24 (A.Y. 2024-25)

*Gross Receipts* - Total Receipts: ₹____________________________ - Less: Deductions (if any): ₹_____________________ - Net Receipts: ₹____________________________

*Presumptive Income (44AD)* - 8% of Net Receipts (or 6% for digital transactions): ₹_____________________ *Less:

Allowable Deductions* - Business Expenses (if any): ₹_____________________ - Interest on Borrowings (if any): ₹____________________ - Depreciation (if any): ₹_____________________ *Total Deductions*:

₹_____________________ *Net Income (A.Y. 2024-25)* - ₹_____________________

Please note that this is a basic format and may require adjustments based on your specific business and expenses.

Additionally, this format is for businesses that opt for the presumptive taxation scheme under Section 44AD.

Please consult a chartered accountant or tax expert to ensure accurate calculations and compliance with the latest tax laws and regulations.

1 Like

satyanarayana (accountant) (23 Points)
Replied 04 November 2024

thank you sir

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