Statement of income

Five assessment years, AY 2022-23 through AY 2026-27

Taksh Shah · PAN LAFPS6537L · independent software professional, Surat

Where the income came from

Taxable income by head, as assessed. Where income is filed on a presumptive basis the business figure is the statutory deemed profit, not gross receipts — receipts are in the next chart. Hover any segment for detail.

The business itself, on gross receipts

What the practice actually billed and banked, before any presumptive calculation is applied. Independently corroborated by GST returns and by inward-remittance certificates on the foreign inflows.

Tax payable

Total liability including cess, as assessed. The first two years fell entirely inside the section 87A rebate and no tax arose. AY 2026-27 is shown as undetermined because the return is not yet filed; ₹1,12,500 has already been paid against it.

Every figure

Amounts in rupees. The AY 2026-27 column is provisional.

Supporting documents

The filing acknowledgement and the Income Tax Department's assessment order under section 143(1) for each year. Each opens in a new tab.

How to read these figures

Financial year vs assessment year. Each assessment year reports the financial year before it. AY 2025-26 covers the year to 31 March 2025; AY 2026-27 covers the year to 31 March 2026.
Declared business income is a statutory percentage, not actual profit. The income is filed on a presumptive basis under section 44ADA, which deems taxable profit to be 50% of gross professional receipts regardless of what was actually spent. So the ₹9,73,470 declared for FY 2024-25 comes from ₹19,45,240 of receipts, and the provisional ₹22,63,963 for FY 2025-26 comes from ₹45,27,927 of service receipts. Actual cash profit is not lower than these figures, and is typically higher, since no expenses are deducted from the remaining half.
Gross receipts are the better measure of business scale. The second chart shows what was actually billed and banked: ₹6.62L, then ₹19.45L, then ₹49.55L. FY 2025-26 receipts are corroborated independently by GST returns (₹46,72,505 of declared turnover across all twelve months) and by inward-remittance certificates covering the foreign inflows.
Income is now almost entirely professional and export-earning. Salary ceased after FY 2023-24. Current income is fees from overseas software clients received through banking channels, plus bank interest and dividends.
The AY 2026-27 column is provisional. It is a computation prepared from a line-by-line reconciliation of every credit into both bank accounts for FY 2025-26, checked against the Annual Information Statement and Form 26AS. It is not a filed return, the commission component of profit is not yet included, and the filed figures may differ. ₹1,12,500 of self-assessment tax has already been paid toward this year, alongside ₹23,900 of tax deducted at source.
Verification. The four filed years can be confirmed directly on the income-tax e-filing portal using the PAN and the acknowledgement numbers listed in the table.