NAME : KAILASH ROOFING SOLUTIONS

ADDRESS : PROP:SMT YASHODA

No.61,N.R.Road
BANGALORE-560 002
PAN : AAFPY4135R
STATUS : Individual
WARD : ACIT1(4)
ASS.Yr : 2014-2015
Yr.ENDED : 31.03.2014

CAPITAL ACCOUNT FOR THE YEAR ENDED 31-03-2014

To Advance Tax 1100000.00 By Balance b/f 13596970.06
To LIC Premium 104879.00 By Long term Capital Gains 823947.89
To Income Tax 885490.00 By LIC refund 77910.00
To BBMP Tax 19606.00 By Net Profit From - 6487282.96
To Star Health Insurance 10798.00 Kailash Roofing Solutions
To Drawings 382723.00
To TDS 30300.00
To School/College Fees 1229761.00
To Balance c/d 17222553.91
20986110.91 20986110.91

BALANCE-SHEET AS ON 31-03-2014
Capital Account 17222553.91 House Property A/C 550035.00
Loans 12517500.00 Vishal Vijay Shah 4458.68
Azmathullah 110000.00
Noorullah 110000.00
Investment in shares
Lifeline Drugs & Pharma Ltd(1000) 45041.32
Kailash Roofing Solutions 28920518.91
29740053.91 29740053.91

DETAILS OF LONG TERM CAPITAL GAINS ON SALE OF SHARES

Name No.of Shares Cost Sale LTCG
Tuni Textiles 45765.11 869713 823947.89

STATEMENT OF TOTAL INCOME

A:INCOME FROM BUSINESS
Net profit as per Profit & Loss Account 6487282.96

B:INCOME FROM CAPITAL GAINS

Long term Capital gain on sale of sale of shares 823947.89
Less:Exemption 823947.89 0.00
GROSS TOTAL INCOME 6487282.96
Less:Deduction U/S 80-C
LIC Premium 104879.00 100000.00
Less:Deduction U/S 80-D
Health Insurance 10798.00 110798.00
TOTAL INCOME 6376484.96
ROUNDED OFF 6376490.00
TAX ON Rs. 6376490.00 1742947.00
Add:Education Cess @3% 52288.41
1795235.41
Less:TDS
Priyadarshini Creation 24000.00
Karnataka Criket Association 6300.00
Less:Advance Tax Paid
17.09.2013 300000.00
13.12.2013 500000.00
15.03.2014 300000.00 1130300.00
664935.41
Add:Interest u/s 234B 53192.00
Add:Interest u/s 234C 30298.00 83490.00
Tax Payable 748425.41
TAX PAID U/S 140A 748430
 NAME : KAILASH ROOFING SOLUTIONS
ASS.Yr : 2014-2015
Yr.ENDED : 31.03.2014

CAPITAL ACCOUNT FOR THE YEAR ENDED 31-03-2014

To Advance Tax 1100000.00 By Balance b/f 25249169.95
To Income Tax 885490.00 By Bank(29.01.2014) 77910.00
To LIC Premium 104879.00 By Bank(04.07.2013) 869713.00
To TDS 30300.00 By Net Profit 6487282.96
To Withdrawals 1642888.00
To Balance c/d 28920518.91
32684075.91 32684075.91

LIST OF SUNDRY LOAN CREDITORS

Sunil & Co. 75000.00
PNB Housing Finance 18521352.00
HDFC Bank 423770.67
19020122.67

LIST OF SUNDRY OTHER CREDITORS

Auditors Fees Payable 90000.00
Rent Payable 360673.00
TDS Payable 121621.00
ESI /PF Payable 7071.00
Telephone Charges Payable 10056.00
Vat Payable 613371.00
Bhansali Agro Foods 200000.00
Gokula Edication Foundation 54994.00
H P Srinivash 30977.00
Mrs.Namita Mohta 100000.00
N S L Sugar Ltd 140526.00
Surya Kanth 190000.00
Sycon Infra Pvt Ltd 60000.00
Ameen Enterprises 33434.00
Bhagawathi Bricks 580000.00
B R Basavaraj 16500.00
H Yuvaraj 24500.00
Orkay Interiors & Moulders[P] Ltd 96106.00
Paraslide Alluminium 37929.00
Purshotham 100000.00
Sai Druthi Traders 55600.00
Shankar Plywood & Boar Industries 20000.00
Shrikanth Sharma 119500.00
Sumukha Enterprises 95270.00
Uttam Steels 17000.00
3175128.00
Sree Benaka Engg.Worke 118,343
Sri Adichunchungari Matta 13,826
Sri Ganesh H/W & Roofing 335,329
Sri Kottureshwara Agencies 301,745
Sri Manjunath Engg.Work 69,304
Srinivas V 711,795
Srujan Steels & Contractor 1,047,459
Standard Agencies 71,248
Standard Farms 134,414
Star Enng. Works 40,441
State Bldg.Products 32,404
Steam I C N 45,386
Sugam Engg - S A/c. 20,116
Sujan Fab Engg.& Fabricators 107,263
Sun Best 27,362
Sunil Welding & Safty 55,708
T&T Engg. & Contractors 288,308
Techno Fab-Hubli 388,905
Tejaswl Constructions 213,535
Tinco Enterprises 127,665
Universal Engg.Co 131,688
V R L Automation Engg.&Proj[P]Ltd 26,810
V T Lakashmin 41,817
Ved Vighna Maha Vidya Peeta 273,280
Veer-O-Metals Pvt Ltd 15,687
Vimal Steel Siddhapura 51,363
Vinay Treaders 106,894
Vinayaka Cars Pvt Ltd 37,712
Vinyasa Engg Pvt Ltd 135,613
Vishwanath Cont. HAL 68,578
Wrought Iron Steel 22,797
Zuha Leather Pvt Ltd 135,677
30,684,134
 NAME : KAILASH ROOFING SOLUTIONS
ASS.Yr : 2014-2015
Yr.ENDED : 31.03.2014
DETAILS OF SHOP & GODOWN RENT PAID
Asgar Ali 885500.00
J.N.Kripakar Rao 327426.00
Vinod K.Chawla 351579.00
Amar Chawla 351579.00
Usha S.Chawla 351579.00
Neetu M.Chawla 351579.00
Sheetal 351579.00
Narsamma 114000.00
3084821.00

SCHUDLE OF FIXED ASSETS & DEPRECIATION

S.N Particiulers OP Bal+Add Rate Depreciation Cl WDV
1 Car 160109.00 15% 24016.00 136093.00
2 Computer 60656.00 60% 36393.00 24263.00
3 Cutting Machine 6669.00 15% 1000.00 5669.00
4 Furniture 382428.00 10% 38243.00 344185.00
5 Mobile Phone 157883.00 15% 20245.00 137638.00
6 Fax 4018.00 15% 603.00 3415.00
7 Pulsar 42758.00 15% 6414.00 36344.00
8 Printer 909.00 60% 545.00 364.00
9 TVS Bike 20515.00 15% 3077.00 17438.00
10 Bajaj Platina 15618.00 15% 2343.00 13275.00
12 Bajaj XCD 21131.00 15% 3170.00 17961.00
13 Verna Car 482468.00 15% 72370.00 410098.00
14 Weighting Machine 13257.00 15% 1989.00 11268.00
'15 Site at Rajasthan 1819300.00 0.00 0.00 1819300.00
'16 Property at Malathahalli 3198516.00 0.00 0.00 3198516.00
6386235.00 210408.00 6175827.00

DETAILS OF INTEREST PAID

HDFC Bank 142768.16
Standard Chartered Bank 200020.84
Diwan Housing Finance Ltd 497948.00
PNB Housing Finance Ltd 1969499.00
2810236.00

Details of TDS
Name Nature of Payment Amount TDS Amt
Bonanza Corporate Solutions P Ltd Commission 158428 15842.00
Asgar Ali Rent 885500 88550.00
J N Krupakar Rent 327426 32743.00
Vinod K.Chawala & Others Rent 1757895 175795.00
Pooja Kamara,Mangalore Rent 746025 74605.00
Quality Engg Industries Contract 756277 7565.00
395100.00