The document contains financial information for SONMATI MCPL AMD DCCPL JV for the financial year 2022-2023, including a profit and loss statement and balance sheet. It shows a net loss of Rs. 683.71 for the year.
The document contains financial information for SONMATI MCPL AMD DCCPL JV for the financial year 2022-2023, including a profit and loss statement and balance sheet. It shows a net loss of Rs. 683.71 for the year.
The document contains financial information for SONMATI MCPL AMD DCCPL JV for the financial year 2022-2023, including a profit and loss statement and balance sheet. It shows a net loss of Rs. 683.71 for the year.
The document contains financial information for SONMATI MCPL AMD DCCPL JV for the financial year 2022-2023, including a profit and loss statement and balance sheet. It shows a net loss of Rs. 683.71 for the year.
FINANCIAL YEAR : 2022-2023 ASSESSMENT YEAR : 2023-24
Computation of Taxable Income and Tax Liability
PROFIT AND GAIN FROM BUSINESS OR PROFESSION
Net Profit as per Profit & Loss A/c (After debiting interest Rs. -683.71 and remuneration paid to partners) Add: Income Tax Provision Rs. Add: Disallowable U/s 37(1)(va) Rs. 0.00
Book Profit for the purpose of Section 40(b)(v) vide Rs. -683.71 explanation 3 to Section 40(b)
Less : Remunearation paid to partners allowable
u/s 40(b)(v)(2) on first Rs.300000/- @ 90% 2,70,000.00 whichever is more Balance Rs.0.00 @60% 0.00 a) Maximum Allowable 0.00 b) Actual Remuneration Paid 0.00 Remuneration Allowed (Minimum of 'a' or 'b') Rs. 0.00
CONTRACT, PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2023 PARTICULARS AMOUNT PARTICULARS AMOUNT To Bank Charges 23.71 By Work Contract Receipt - To GST on Late Fees 660.00 By Book Loss 683.71 To Misc. Expenses - To Book Loss (Trans. To P&L Appr) 683.71 683.71
To To Book Loss 683.71
By Net Loss Transfered to Capital A/c 683.71 MCPL. (33%) 225.62 Sonmati Construction (34%) 232.46 Divy Concast and Construction Pvt. Ltd.(33%) 225.62
683.71 683.71
BALANCE SHEET AS ON 31.03.2023
CAPITAL & LIABILITIES AMOUNT ASSETS & PROPERTIES AMOUNT CAPITAL ACCOUNT CURRENT ASSETS Manikraj Construction Pvt. Ltd (33%) Security Deposit 8,40,173.00 Balane B/fd. 1,50,178.56 Less: Refund 3,70,190.00 4,69,983.00 Less: Loss this year 225.62 Less: Drawings 45295.14 1,04,657.80 IT Refundable (AY-22-23) B/fd. 1,98,110.00
Sonmati Construction Pvt. Ltd (34%)
Balane B/fd. 1,54,577.88 Less: Loss this year 232.46 Less: Drawings 45295.14 1,09,050.28
Divy Concast and Construction Pvt. Ltd.(33%) Cash at Bank
Balane B/fd. 1,50,178.56 UCO Bank Bermo Branch 1,03,989.41 Less: Loss this year 225.62 (CA 02470210001813) Less: Drawings 45295.14 1,04,657.80
