Audit Report

R.K. Jha & Associates
Chartered Accountant
Phone :
Mob.
email: ravijha@sancharnet.in
403, 404m S.M. Lodha Complex, Court Chouraya, Udaipur – 313001
Form No. 10B
Audit Report under section 12 A (b) of the Income Tax Act, 1961 in the case of Chartable or Religious trust or Institutions. We have examined the Balance Sheet of M/s Rajasthan Education Institute & Health Society, Dausa( Permanent Account No. AAATR62688B) as at 31st march 2006 and the Income and Expenditure account for the year ended in that date which are in agreement with the books of accounts maintained by the said trust or Institution.
We have obtained all the information and explanation, which to the best of our knowledge belief were necessary for the purpose of the Audit. In our opinion proper books of accounts have been kept at their head Office of the above named institution visited by us so far as purposes of Audit have been RBCeived, subject to the comments given below:——

NIL

In our opinion and to the best of our information and according to information given to us, the said accounts give true and fair view;
(i) in the case of balance Sheet of the state of affairs of the above named institution as on 31st March, 2006, and
(ii) In the case of Income and Expenditure of the income or expenditure of its accounting year ending on 31st March 2006. he prescribed particulars are annexed here to.
Place : Udaipur
Dated : 14.05.2006
For R.K. Jha & Associates
(Chartered Accountants)
( Statement of Particulars )

1. Application of Income for Charitable or religious Purposes
a)Amount of Income of the pervious year applied to the Charitable or religious purposes in India during that year.3454000.00
b)Whether the Trust/ Institution has exercised the option under clause (2) of the Explanation to the Section 11 (1). If so, the details of the amount of income deemed to have been allied to Charitable or Religious purpose in India during the previous Year.NIL
c)Amount of Income accumulated or set apart/ finally set apart for application to Charitable or religious purpose to the extent derived from property held under trust wholly in part for such purposes.532555.00
d)Amount of Income, eligible for exemption under section 11(1) (c) ( Give Details)NIL
e)Amount of Income in addition to the amount referred to in item 3 above, accumulated or set apart for specified purposes under section 11(2).N.A.
f)Whether the amount of Income mentioned in the manner laid down in section 11(2) (b), if so, the details thereofN.A.
g)Whether any parts of the Income in respect of which an option was exercised under clause (2) of the explanation to section 11(1) in any earlier year is deemed to be income of the previous year under section 11(1b) , if so, the details thereof.N.A.
h)Whether during the previous year, any part of Income accumulated or set specified purposes under section 11(2) in any earlier year :–N.A.
i)Has been applied for purposes or has ceased to be accumulated or set apart for applicable there to or,NO
j)Has ceased to remain invested in any security referred to in section 11(2)(b) (i) or deposited in any account referred to in section 11(2) (b) (ii) or section 11(2)(b) (ii) orN.A.
k)Has not been utilized for purposes for which it was accumulated or set apart during the period for Which it was to be accumulated or set apart , or in the year immediately following the expiry thereof , it so details thereof,N.A.
2. Application or Use of Income or property for the benefit of presons refered to section 13 (3)
a)Whether any part of the income or property ofthe Institution was lent, or continues to be lent, in the previous year to any person referred to in this Annexure as Such person, if so, give details of the amount, rate of interest charged and the nature of security, if any.N.A.
b)Whether any lend, building or other property of the institution was made or continued to be made available for the use of any such person during the previous year ? if so, give details of the property and the amount of Rent or Compensation Charged if any,N.A.
c)Whether any payment was made to any such person during the previous year by way of salary, allowances or otherwise? if so, give details,N.A.
NameDesignationNature of ServiceAmount Paid
Shri C.L.MeenaDiRBCtor/PresidentAdministration240000/–
Smt. Prem MeenaP.R.O.Administration120000/–
  Total360000/–
d)Whether the service of the institution were made available to any such person during the previous year? If so, give details thereof together with remuneration or compensation RBCeived if anyNO
e)Whether any shares, security or other property was purchased by or on behalf of the Institution during the previous year from anysuch person? if so, give details thereof together with the consideration RBCeived.NO
f)Whether any income or property of the Institution was diverted during the previous year in favour of any each person? if so, give details thereof together with the amount of income or value of property diverted.NO
g)Whether the Income or Property of the Institution was used or applied during the previous year for the benefit of any such person in any other manner ? if so, give detailsNO
3. Investment held at any time during the previous year (s) in concerns in which person referred to in section13 (3) have a substantial interest.
S.NO.Name and Address of the ConcernWhether the Concern is a Company number andNominal Value of the InvestmentIncome from the InvestmentWhether the amount in Col. 4 exceded 5% of the Capital of the Concern drg the Prev. year say yes Or No.
      
…….………….……………..N.A.………………………………………
Total :
Place / Camp. : UDAIPUR
Dated : 15.05.2006
For R.K. Jha & Associates
(Chartered Accountants)
(R.K. Jha) Proprietor
RAJASTHAN EDUCATION INSTITUTE & HEALTH SOCIETY
Near Railway Crossing, Dausa ( Rajasthan )
BALANCE SHEET AS ON 31.03.2006
LIABILITIES AMOUNTASSETS

AMOUNT

CAPITAL FUND 15600Fixed Assets (WDV)         (Annexure-‘A’)675755
Op. Balance12500
Add. During Year3100
General Fund A/c 1032889Current Assets            
Opening Balance500334Security Deposit 504650
Excess of Income–Advances for Expenses501280
over Expenditure532555
Building Fund      176500Cash and Bank Balance Balance at Bank             
Op. Balance 0UCO Bank  12400
Add. Drg The Year176500Dausa Urban Co- op Bank Ltd.1614
Advance Fees 411500cash in Hand10488
Secured Loans 52458  
Mahindra & Mahindra Ltd.
Current Liabilities              17240  
Audit Fee5612
TDS Payable 11628
Total  : 1706187Total  :1706187
In Terms of Our Report of Even date U/s 12 (A) of I.T. Act
For R.K. JHA & ASSOCIATES
(Chartered Accountants )
R.K. JHA) Founder DiRBCtor President
Proprietor
Camp. & Place : Dausa
Dated : 15.05.2006
For RAJASTHAN EDUCATION INSTITUTE
AND HEALTH SOCIETY,
Secretary
RAJASTHAN EDUCATION INSTITUTE & HEALTH SOCIETY
Near Railway Crossing, Dausa ( Rajasthan )
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31.03.2006
EXPENDITURE
AMOUNT
INCOME
AMOUNT
To Advertisement Expenses                        22836By fee RBCeived  
(Inclusive of Hostel Fee)		3454000
To Bank Charges588  
To hire Charges (Mahindra )        21691  
To Computer Expanses1107  
To Medical Camp & Seminar Exp56122  
To Conveyance Expenses62018  
To Electricity Charges34221  
To Water Charges1602  
To Hostel Expenses3022  
To Fee Refund75000  
To Hostel Mess260154  
 To Rent ( Hostel & Institute )381000  
To Hostel repair & Maint.106126  
To Independence Day Expenses22010  
To Inspection Charges6936  
To Membership / RNC Fee174487  
To Raj University Insp. Fee252000  
To Mobile Expenses14026  
To Newspaper & Periodicals1788  
To Nursery Day Expenses9016  
To Office Expenses1660  
 To Picnic Expenses11600  
To Postage & Telegram Exp.1711  
To Printing & Stationery46256  
To Rent Staff Residence24000  
To Repair & Maintenance66889  
To Salary Expenses1020898  
To Sports Expenses1622  
To Staff Welfare16028  
To Study Material40026  
To Telephone Expenses19625  
To Traveling Expenses8988  
To Vehicle Repair & Maint.22180  
To Insurance Expenses10300  
To DepRBCiation118300  
To Audit fee5612  
To Excess of Income over expenditure532555  
Total
3454000
Total
3454000
In Terms of Our Report of Even date U/s 12 (A) of I.T. Act
For R.K. JHA & ASSOCIATES
(Chartered Accountants )
R.K. JHA) Founder DiRBCtor President
Proprietor
Camp. & Place : Dausa
Dated : 15.05.2006
For RAJASTHAN EDUCATION INSTITUTE
AND HEALTH SOCIETY,
Secretary
RAJASTHAN EDUCATION INSTITUTE & HEALTH SOCIETY
Near Railway Crossing, Dausa ( Rajasthan )
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31.03.2006
RBCEIPTSAMOUNTAMOUNTPAYMENTSAMOUNTAMOUNT
By Opening Balance
 		105330To Advertisement Expenses              22836
Cash in Hand

92146

Balance at Bank 

12914

By Membership 3100To Bank Charges 588
By Fees 3454000To hire Charges (Mahindra)  21691
By Building Fund 176500To Computer Expanses 1107
By Advanced Fee 411500To Medical Camp & Seminar Exp 56122
   To Conveyance Expenses 62018
   To Electricity Charges 34221
   To Water Charges 1602
   To Hostel Expenses 3022
   To Fee Refund 75000
   To Hostel Mess 260154
   To Rent ( Hostel & Institute ) 358968
   To Hostel repair & Maint. 106126
   To Independence Day Expenses 22010
   To Inspection Charges 6936
   To Membership / RNC Fee 174487
   To Raj University Insp. Fee 252000
   To Mobile Expenses 14026
   To Newspaper & Periodicals 1788
   To Nursery Day Expenses 9016
   To Office Expenses 1660
   To Picnic Expenses 11600
   To Postage & Telegram Exp. 1711
   To Printing & Stationery 46256
   To Rent Staff Residence 24000
   To Repair & Maintenance 66889
   To Salary Expenses 996418
   To Sports Expenses 1622
   To Staff Welfare 16028
   To Study Material 40026
   To Telephone Expenses 19625
   To Traveling Expenses 8988
   To Vehicle Repair & Maint. 22180
   To Insurance Expenses 10300
   To Security with NCTE 500000
   To Pre Year O/s’s 46126
   To Advance for Expenses 388080
   To Vehicle Installment 126857
   To Addition in Furniture 92543
   To Addition to nstruments 186417
   To Current Year TDS Payment 34884
   To closing Balance
Cash in Hand
Balance at Bank
10488 
14014

24502
 Total  :4150430Total  : 4150430
 
In Terms of Our Report of Even date U/s 12 (A) of I.T. Act
For R.K. JHA & ASSOCIATES
(Chartered Accountants )
R.K. JHA) Founder DiRBCtor President
Proprietor
Camp. & Place : Dausa
Dated : 15.05.2006
For RAJASTHAN EDUCATION INSTITUTE
AND HEALTH SOCIETY,
Secretary
RAJASTHAN EDUCATION INSTITUTE & HEALTH SOCIETY
Near Railway Crossing, Dausa ( Rajasthan )
FIXED ASSETS
ARTICULARS
W.D.V.

as on

01.04.2005

Addition for more than 180 days
Addition for less then 180 days
Total
Rate of  Dep.
Total Dep. For the year
W.D.V.
as on
31.03.2006
Air conditioner
18731.00
0.00
0.00
18731.00
15%
2810.00
15921.00
Boaring
15907.00
0.00
0.00
15907.00
15%
2386.00
13521.00
 Bus
290039.00
0.00
0.00
290039.00
20%
58008.00
232031.00
Chase Doll
10969.00
0.00
0.00
10969.00
15%
1645.00
9224.00
Furmiture & Fixture
55699.00
0.00
92543.00
148242.00
15%
15295.73
132946.28
Lab. Equipments
44186.00
0.00
0.00
44186.00
15%
6628.00
37558.00
Library Books
33218.00
0.00
0.00
33218.00
20%
6644.00
26574.00
Office  Equipments
28282.00
0.00
0.00
28282.00
15%
4242.00
24040.00
Mobile Instruments
2264.00
0.00
0.00
2264.00
15%
340.00
1924.00
Computer
15800.00
0.00
0.00
15800.00
40%
6320.00
9480.00
Physiotherapy Instrument
0.00
0.00
186417.00
186417.00
15%
13981.00
172435.73
Total
515095.00
0.00
278960.00
794055.00
 
118300.00
675755.00
In Terms of Our Report of Even date U/s 12 (A) of I.T. Act
For R.K. JHA & ASSOCIATES
(Chartered Accountants )
R.K. JHA) Founder DiRBCtor President
Proprietor
Camp. & Place : Dausa
Dated : 15.05.2006
For RAJASTHAN EDUCATION INSTITUTE
AND HEALTH SOCIETY,
Secretary
RAJASTHAN EDUCATION INSTITUTE & HEALTH SOCIETY
Near Railway Crossing, Dausa ( Rajasthan )
SIGNFICANT ACCOUNTING POLICIES & NOTES ON ACCOUNTS

A. SIGNIFICANT ACCOUNTING POLICIES :

a) The society follows the mercantile system of accounting RBCognizing income & expenditure on accrual basis.
b) Fixed Assets are states at Cost, Cost comprises the purchase price and other attributable expenses.
c) DepRBCiation has been provided during the year as per W.D.V. Method.
d) 1/5th of Pre- operative expenditure are written off during the year.

B. NOTES ON ACCOUNTS :

a) The figures have been rounded off to the nearest rupee.
b) The Balance of the Loan and advances are subject to their confirmation.
c) In Opinion of the board and to the best of their knowledge & belief the value of realization of current assets and loan &    advances will not be less than the amount at which they are stated in the Balance Sheet.
d) Fees for the fifth session which shall be started from 01.04.2006 RBCeived during the month of March 2006 treated as    advance fee for the year 2006-07.

For R.K. JHA & ASSOCIATES
(Chartered Accountants )
R.K. JHA) Founder DiRBCtor President
Proprietor
Camp. & Place : Dausa
Dated : 15.05.2006
For RAJASTHAN EDUCATION INSTITUTE
AND HEALTH SOCIETY,
Secretary
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