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 K-18,LAJPAT NAGAR-2,DELHI DELHI 110024
M/s BAJAJ ARORA & CO Ph. 9999758936,11-45719116
Chartered Accountant

FORM NO. 3CA

[See rule 6G(1)(a)]
Audit report under section 44AB of the Income-tax Act, 1961, in a case where the accounts of
the business or profession of a person have been audited under any other law

1. I report that the statutory audit of

M / s. LOFTY VENTURES PRIVATE LIMITED
F-120 FIRST FLOOR,DILSHAD COLONY,DELHI,DELHI
PAN AADCL2624D

was conducted by M/s BAJAJ ARORA & CO in pursuance of the provisions of the Companies Act 2013 Act,
and I annex hereto a copy of their audit report dated 04-Oct-2018 along with a copy each of -

(a) the audited Profit and Loss Account for the period beginning from 1-APR-2017 to ending on
31-Mar-2018

(b) the audited Balance Sheet as at 31-Mar-2018; and

(c) documents declared by the said Act to be part of, or annexed to, the Profit and Loss Account and
Balance Sheet.

2. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No.
3CD.

3. In my opinion and to the best of my information and according to examination of books of account including
other relevant documents and explanations given to me, the particulars given in the said Form No. 3CD are
true and correct subject to the following observations/qualifications, if any:

SN Qualification Type Observations/Qualifications

Nil

For M/s BAJAJ ARORA & CO

Chartered Accountant
(Firm Regn No.: 029625N)

SAHIL Digitally signed

by SAHIL BAJAJ

BAJAJ Date: 2018.10.11

19:03:24 +05'30'

(SAHIL BAJAJ)

Membership No: 529715

Place :DELHI
Date : 04/10/2018
 FORM NO. 3CD
[See rule 6G(2)]

Statement of particulars required to be furnished under

section 44AB of the Income-tax Act, 1961

Part A

01 Name of the assessee LOFTY VENTURES PRIVATE LIMITED

02 Address F-120 FIRST FLOOR,DILSHAD COLONY
,DELHI,DELHI
03 Permanent Account Number (PAN) AADCL2624D
04 Whether the assessee is liable to pay indirect tax like excise duty, Yes
service tax, sales tax, goods and service tax,customs duty,etc. if
yes, please furnish the registration number or,GST number or any
other identification number allotted for the same
Name of Act State Other Registration No. Description (optional)
Goods and service tax DELHI 07AADCL2624D1ZY
05 Status Company
06 Previous year from 1-APR-2017 to 31-Mar-2018
07 Assessment year 2018-19
08 Indicate the relevant clause of section 44AB under which the audit Relevant clause of section 44AB under which the
has been conducted audit has been conducted
Third Proviso to sec 44AB : Audited under any
other law

Part B

09 a) If firm or association of persons, indicate names of Name Profit sharing

partners/members and their profit sharing ratios. ratio (%)
NA
b) If there is any change in the partners or members or in their No
profit sharing ratio since the last date of the preceding year,
the particulars of such change
Name of Date of change Type of change Old profit New profit Remarks
Partner/Member sharing Sharing
ratio Ratio

10 a) Nature of business or profession (if more than one business or

profession is carried on during the previous year, nature of
every business or profession)
Sector Sub Sector Code
OTHER SERVICES Other services n.e.c. 21008
b) If there is any change in the nature of business or profession, No
the particulars of such change.
Business Sector Sub Sector Code Remarks if any:

11 a) Whether books of account are prescribed under section 44AA, Cash Book, Bank Book, Purchases Register,
if yes, list of books so prescribed. Sales Register, Journal
b) List of books of account maintained and the address at which F-120 FIRST FLOOR, Cash Book, Bank Book,
the books of accounts are kept. (In case books of account are DILSHAD COLONY , Purchases Register,
maintained in a computer system, mention the books of DELHI, DELHI, 110095 Sales Register, Journal
account generated by such computer system. If the books of (Computerized)
accounts are not kept at one location, please furnish the
addresses of locations along with the details of books of
accounts maintained at each location. )
c) List of books of account and nature of relevant documents Cash Book, Bank Book, Purchases Register,
examined. Sales Register, Journal
12 Whether the profit and loss account includes any profits and gains No
assessable on presumptive basis,if yes, indicate the amount and
the relevant section (44AD, 44ADA, 44AE, 44AF, 44B, 44BB,
44BBA, 44BBB,Chapter XII-G, First Schedule or any other
relevant section.)
12 Section Amount Remarks if any:
12
13 a) Method of accounting employed in the previous year Mercantile system
b) Whether there had been any change in the method of No
accounting employed vis-a-vis the method employed in the
immediately preceding previous year.
c) If answer to (b) above is in the affirmative, give details of such
change, and the effect thereof on the profit or loss.
Particulars Increase in profit (Rs.) Decrease in Remarks if any:
profit(Rs.)

d) Whether any adjustment is required to be made to the profits No

or loss for complying with the provisions of income
computation and disclosure standards notified under section
145(2)
e) If answer to (d) above is in the affirmative, give details of such
adjustments
Particulars Increase in profit Decrease in Net Effect(Rs.) Remarks if any:
(Rs.) profit(Rs.)

f) Disclosure as per ICDS

ICDS Disclosure
ICDS I - Accounting Policies As per accounting policies & notes to financial statements
ICDS V - Tangible Fixed Assets As per Fixed Assets and Depreciation Chart annexed in FORM 3CD
ICDS IV - Revenue Recognition As per accounting policies & notes to financial statements
14 a) Method of valuation of closing stock employed in the previous cost or market value, whichever is lower
year.
b) In case of deviation from the method of valuation prescribed No
under section 145A, and the effect thereof on the profit or loss,
please furnish:
Particulars Increase in profit (Rs.) Decrease in Remarks if any:
profit(Rs.)

15 Give the following particulars of the capital asset converted into NA

stock-in-trade:-
Description of Date of Cost of Amount at Remarks if any:
Capital Assets Acquisition Acquisition which
capital
assets
converted
into stock

16 Amounts not credited to the profit and loss account, being, -

a) the items falling within the scope of section 28; Nil
Description Amount Remarks if any:

b) the proforma credits, drawbacks, refunds of duty of customs or Nil

excise or service tax or refunds of sales tax or value added tax
or Goods & Service Tax,where such credits, drawbacks or
refunds are admitted as due by the authorities concerned;
Description Amount Remarks if any:

c) escalation claims accepted during the previous year; Nil

Description Amount Remarks if any:

d) any other item of income; Nil

Description Amount Remarks if any:

e) capital receipt, if any. Nil

Description Amount Remarks if any:
17 Where any land or building or both is transferred during the No
previous year for a consideration less than value adopted or
assessed or assessable by any authority of a State Government
referred to in section 43CA or 50C, please furnish:
Details of Considerati Value Remarks if Address Address City or State Pincode
property on received adopted or any: Line 1 Line 2 Town or
or accrued assessed District
or
assessable

18 Particulars of depreciation allowable as per the Income-tax Act, As Per Annexure "A"
1961 in respect of each asset or block of assets, as the case may
be, in the following form :-
a) Description of asset/block of assets.
b) Rate of depreciation.
c) Actual cost or written down value, as the case may be.
d) Additions/deductions during the year with dates; in the case of
any addition of an asset, date put to use; including adjustment
on account of :-
i) Central Value Added Tax credit claimed and allowed under
the Central Excise Rules, 1944, in respect of assets
acquired on or after 1st March, 1994.
ii) change in rate of exchange of currency, and
iii) Subsidy or grant or reimbursement, by whatever name
called.
e) Depreciation allowable.
f) Written down value at the end of the year.
19 Amounts admissible under sections
Section Amount debited to Amount admissible as Remarks if any:
P&L per the provisions of
the Income-tax Act,
1961

20 a) Any sum paid to an employee as bonus or commission for Nil

services rendered, where such sum was otherwise payable to
him as profits or dividend. [Section 36(1)(ii)]
Description Amount Remarks if any:

b) Details of contributions received from employees for various Nil

funds as referred to in section 36(1)(va):
Name of Fund Amount Actual Date Due Date The actual
amount paid

21 a) Please furnish the details of amounts debited to the profit and loss account, being in the nature of capital, personal,
advertisement expenditure etc
1 expenditure of capital nature; Nil
Particulars Amount in Rs. Remarks if any:

2 expenditure of personal nature; Nil

Particulars Amount in Rs. Remarks if any:

3 expenditure on advertisement in any souvenir, brochure, Nil

tract, pamphlet or the like, published by a political party;
Particulars Amount in Rs. Remarks if any:

4 Expenditure incurred at clubs being entrance fees and Nil

subscriptions
Particulars Amount in Rs. Remarks if any:

5 Expenditure incurred at clubs being cost for club services Nil

and facilities used.
Particulars Amount in Rs. Remarks if any:

6 Expenditure by way of penalty or fine for violation of any Nil

law for the time being force
Particulars Amount in Rs. Remarks if any:
 7 Expenditure by way of any other penalty or fine not Nil
covered above
Particulars Amount in Rs. Remarks if any:

8 Expenditure incurred for any purpose which is an offence Nil

or which is prohibited by law
Particulars Amount in Rs. Remarks if any:

b) Amounts inadmissible under section 40(a):-

i as payment to non-resident referred to in sub-clause (i)
A Details of payment on which tax is not deducted: Nil
Date of Amount Nature of Name of PAN of Address Address City or Pincode Remarks
payment of payment the payee the payee Line 1 Line 2 Town or if any:
payment (optional) District

B Details of payment on which tax has been deducted but Nil

has not been paid during the previous year or in the
subsequent year before the expiry of time prescribed
under section 200(1)
Date of Amount Nature Name of PAN of Address Address City or Pincode Amount Remarks
payment of of the the Line 1 Line 2 Town or of tax if any:
payment payment payee payee District deducte
(optional d
)

ii as payment to resident referred to in sub-clause (ia)

A Details of payment on which tax is not deducted:
Date of Amount of Nature of Name of PAN of the Address Address City or Pincode
payment payment payment the payee payee Line 1 Line 2 Town or
(optional) District
04/Sep/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
04/Sep/20 3000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
07/Apr/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
07/Apr/20 30000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
07/Aug/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
17 AHUJA ANJ,
DELHI
07/Aug/20 32000 RENT PRANAV C-1, 16 DELHI 110007
17 BALUJA MALKAG
ANJ,
DELHI
07/Aug/20 45000 RENT JAI 2/83, ROOP DELHI 110007
17 BHAGWA NAGAR
N GUPTA
07/Dec/20 32000 RENT PRANAV C-1, 16 DELHI 110007
17 BALUJA MALKAG
ANJ,
DELHI
07/Dec/20 45000 RENT JAI 2/83, ROOP DELHI 110007
17 BHAGWA NAGAR
N GUPTA
07/Dec/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
17 AHUJA ANJ,
DELHI
07/Dec/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
07/Feb/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
18 CHAND NAGAR
DWIVEDI
07/Feb/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
18 AHUJA ANJ,
DELHI
07/Feb/20 45000 RENT JAI 2/83, ROOP DELHI 110007
18 BHAGWA NAGAR
N GUPTA
07/Feb/20 32000 RENT PRANAV C-1, 16 DELHI 110007
18 BALUJA MALKAG
ANJ,
DELHI
07/Feb/20 2000 RENT ANKUR 25/136, SHAKTI DELHI 110007
18 BANSAL NAGAR
07/Jan/20 32000 RENT PRANAV C-1, 16 DELHI 110007
18 BALUJA MALKAG
ANJ,
DELHI
07/Jan/20 45000 RENT JAI 2/83, ROOP DELHI 110007
18 BHAGWA NAGAR
N GUPTA
07/Jan/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
18 AHUJA ANJ,
DELHI
07/Jan/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
18 CHAND NAGAR
DWIVEDI
07/Jan/20 12000 RENT ANKUR 25/136, SHAKTI DELHI 110007
18 BANSAL NAGAR
07/Jul/201 180000 RENT VARUN C1-36, MALKAG DELHI 110007
7 AHUJA ANJ,
DELHI
07/Jul/201 45000 RENT JAI 2/83, ROOP DELHI 110007
7 BHAGWA NAGAR
N GUPTA
07/Jul/201 32000 RENT PRANAV C-1, 16 DELHI 110007
7 BALUJA MALKAG
ANJ,
DELHI
07/Jun/20 16000 RENT PRANAV C-1, 16 DELHI 110007
17 BALUJA MALKAG
ANJ,
DELHI
07/Jun/20 30000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
07/Jun/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
07/Mar/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
18 CHAND NAGAR
DWIVEDI
07/Mar/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
18 AHUJA ANJ,
DELHI
07/Mar/20 2000 RENT ANKUR 25/136, SHAKTI DELHI 110007
18 BANSAL NAGAR
07/Mar/20 32000 RENT PRANAV C-1, 16 DELHI 110007
18 BALUJA MALKAG
ANJ,
DELHI
07/Mar/20 45000 RENT JAI 2/83, ROOP DELHI 110007
18 BHAGWA NAGAR
N GUPTA
07/May/20 30000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
07/May/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
07/Nov/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
07/Nov/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
17 AHUJA ANJ,
DELHI
07/Nov/20 45000 RENT JAI 2/83, ROOP DELHI 110007
17 BHAGWA NAGAR
N GUPTA
 07/Nov/20 32000 RENT PRANAV C-1, 16 DELHI 110007
17 BALUJA MALKAG
ANJ,
DELHI
07/Oct/20 32000 RENT PRANAV C-1, 16 DELHI 110007
17 BALUJA MALKAG
ANJ,
DELHI
07/Oct/20 45000 RENT JAI 2/83, ROOP DELHI 110007
17 BHAGWA NAGAR
N GUPTA
07/Oct/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
17 AHUJA ANJ,
DELHI
07/Oct/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
07/Sep/20 180000 RENT VARUN C1-36, MALKAG DELHI 110007
17 AHUJA ANJ,
DELHI
07/Sep/20 45000 RENT JAI 2/83, ROOP DELHI 110007
17 BHAGWA NAGAR
N GUPTA
07/Sep/20 32000 RENT PRANAV C-1, 16 DELHI 110007
17 BALUJA MALKAG
ANJ,
DELHI
12/Sep/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
13/Jul/201 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
7 BANSAL NAGAR
19/Dec/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
22/Feb/20 30000 RENT ANKUR 25/136, SHAKTI DELHI 110007
18 BANSAL NAGAR
22/Mar/20 30000 RENT ANKUR 25/136, SHAKTI DELHI 110007
18 BANSAL NAGAR
27/Nov/20 28000 RENT ANKUR 25/136, SHAKTI DELHI 110007
17 BANSAL NAGAR
27/Oct/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
28/Sep/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
28/Sep/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
29/Sep/20 32000 RENT KAILASH 1/23, ROOP DELHI 110007
17 CHAND NAGAR
DWIVEDI
30/Jan/20 17000 RENT ANKUR 25/136, SHAKTI DELHI 110007
18 BANSAL NAGAR
B Details of payment on which tax has been deducted but Nil
has not been paid on or before the due date specified in
sub- section (1) of section 139.
Date of Amoun Nature Name PAN of Addres Addres City or Pincod Amoun Amount Remar
payment t of of of the the s Line s Line Town e t of tax out of (VI) ks if
payme payme payer Payer 1 2 or deduct deposited any:
nt nt (option District ed , if any
al)

iii as payment referred to in sub-clause (ib)

A Details of payment on which levy is not deducted: Nil
Date of Amount Nature of Name of PAN of Address Address City or Pincode Remarks
payment of payment the payee the payee Line 1 Line 2 Town or if any:
payment (optional) District

B Details of payment on which levy has been deducted but Nil

has not been paid on or before the due date specified in
sub- section (1) of section 139.
 Date of Amoun Nature Name PAN of Addres Addres City or Pincod Amoun Amount Remar
payment t of of of the the s Line s Line Town e t of tax out of (VI) ks if
payme payme payer Payer 1 2 or deduct deposited any:
nt nt (option District ed , if any
al)

iv Fringe benefit tax under sub-clause (ic)

v Wealth tax under sub-clause (iia)
vi Royalty, license fee, service fee etc. under sub-clause (iib)
vii Salary payable outside India/to a non resident without TDS Nil
etc. under sub-clause (iii)
Date of Amount Name of PAN of Address Line Address Line City or Pincode Remarks if
payment of the payee the payee 1 2 Town or any:
payment (optional) District

vii Payment to PF/other fund etc. under sub-clause (iv)

i
ix Tax paid by employer for perquisites under sub-clause (v)
c) Amounts debited to profit and loss account being, interest, NA
salary, bonus, commission or remuneration inadmissible under
section 40(b)/40(ba) and computation thereof;
Particulars Section Amount Description Amount Amount Remarks
debited to P/L admissible inadmissible
A/C

d) Disallowance/deemed income under section 40A(3):

A On the basis of the examination of books of account and No
other relevant documents/evidence, whether the
expenditure covered under section 40A(3) read with rule
6DD were made by account payee cheque drawn on a
bank or account payee bank draft. If not, please furnish the
details:
Date of payment Nature of payment Amount Name of the payee PAN of the payee
(optional)
07-Jul-2017 RENT 180000 VARUN AHUJA

07-Aug-2017 RENT 180000 VARUN AHUJA

07-Sep-2017 RENT 180000 VARUN AHUJA

07-Oct-2017 RENT 180000 VARUN AHUJA

07-Nov-2017 RENT 180000 VARUN AHUJA

07-Dec-2017 RENT 180000 VARUN AHUJA

07-Jan-2018 RENT 180000 VARUN AHUJA

07-Feb-2018 RENT 180000 VARUN AHUJA

07-Mar-2018 RENT 180000 VARUN AHUJA

07-Apr-2017 RENT 30000 KAILASH CHAND

DWIVEDI

07-May-2017 RENT 30000 KAILASH CHAND

DWIVEDI

07-Jun-2017 RENT 30000 KAILASH CHAND

DWIVEDI

07-Nov-2017 RENT 32000 KAILASH CHAND

DWIVEDI

07-Dec-2017 RENT 32000 KAILASH CHAND

DWIVEDI

07-Jan-2018 RENT 32000 KAILASH CHAND

DWIVEDI
07-Mar-2018 RENT 32000 KAILASH CHAND
DWIVEDI

07-Apr-2017 RENT 28000 ANKUR BANSAL

07-Mar-2018 RENT 45000 JAI BHAGWAN

GUPTA

07-Feb-2018 RENT 45000 JAI BHAGWAN

GUPTA

07-Dec-2017 RENT 45000 JAI BHAGWAN

GUPTA

07-Jan-2018 RENT 45000 JAI BHAGWAN

GUPTA

07-Aug-2017 RENT 45000 JAI BHAGWAN

GUPTA

07-Oct-2017 RENT 45000 JAI BHAGWAN

GUPTA

07-Nov-2017 RENT 45000 JAI BHAGWAN

GUPTA

07-Sep-2017 RENT 45000 JAI BHAGWAN

GUPTA

07-Dec-2017 RENT 21000 INDER ARORA

07-Jul-2017 RENT 45000 JAI BHAGWAN

GUPTA

07-Oct-2017 RENT 21000 INDER ARORA

07-Jul-2017 RENT 31500 ASHA

07-Oct-2017 RENT 117900 RAJESH KHANNA

07-May-2017 RENT 28000 ANKUR BANSAL

07-Oct-2017 RENT 28000 ANKUR BANSAL

07-Jun-2017 RENT 28000 ANKUR BANSAL

07-Jan-2018 RENT 12000 ANKUR BANSAL

07-Jun-2017 RENT 16000 PRANAV BALUJA

07-Jul-2017 RENT 32000 PRANAV BALUJA

07-Sep-2017 RENT 32000 PRANAV BALUJA

07-Aug-2017 RENT 32000 PRANAV BALUJA

07-Oct-2017 RENT 32000 PRANAV BALUJA

10-Oct-2017 RENT 27000 PRANAV BALUJA

07-Dec-2017 RENT 32000 PRANAV BALUJA

07-Nov-2017 RENT 32000 PRANAV BALUJA

07-Jan-2018 RENT 32000 PRANAV BALUJA

07-Feb-2018 RENT 32000 PRANAV BALUJA

07-Mar-2018 RENT 32000 PRANAV BALUJA

07-Dec-2017 RENT 15000 ANSHUL GUPTA

 07-Apr-2017 RENT 14000 PRADEEP KUMAR
WADHWA

07-Jul-2017 RENT 25000 VAISHALI BALI

07-Jun-2017 RENT 14000 PRADEEP KUMAR

WADHWA

07-May-2017 RENT 14000 PRADEEP KUMAR

WADHWA

07-Sep-2017 RENT 14000 PRADEEP KUMAR

WADHWA

07-Dec-2017 RENT 14000 PRADEEP KUMAR

WADHWA

07-Jul-2017 RENT 25000 RAJEEV BALI

07-Jul-2017 RENT 22500 PUNEET MALHOTRA

07-Oct-2017 RENT 22500 PUNEET MALHOTRA

07-Oct-2017 RENT 12500 MANISHA GUPTA

B On the basis of the examination of books of account and Yes

other relevant documents/evidence, whether the payment
referred to in section 40A(3A) read with rule 6DD were
made by account payee cheque drawn on a bank or
account payee bank draft If not, please furnish the details
of amount deemed to be the profits and gains of business
or profession under section 40A(3A);
Date of Nature of payment Amount Name of the PAN of Remarks if any:
payment payee the payee
(optional)

e) provision for payment of gratuity not allowable under section Nil

40A(7);
f) any sum paid by the assessee as an employer not allowable Nil
under section 40A(9);
g) particulars of any liability of a contingent nature; Nil
Nature of Liability Amount Remarks if any:

h) amount of deduction inadmissible in terms of section 14A in Nil

respect of the expenditure incurred in relation to income which
does not form part of the total income;
Particulars Amount Remarks if any:

i) amount inadmissible under the proviso to section 36(1)(iii). Nil

22 Amount of interest inadmissible under section 23 of the Micro, Nil
Small and Medium Enterprises Development Act, 2006.
23 Particulars of payments made to persons specified under section Nil
40A(2)(b).
Name of Related Party Relation Date (optional) Payment Nature of PAN of Related
made(Amount) transaction Party (optional)

24 Amounts deemed to be profits and gains under section 32AC or Nil

32AD or 33AB or 33ABA or 33AC.
Section Description Amount Remarks if any:

25 Any amount of profit chargeable to tax under section 41 and Nil

computation thereof.
Name of Party Amount of Section Description of Computation if Remarks if any:
Income transaction any

26 i In respect of any sum referred to in clause (a),(b),(c),(d),(e),(f) or (g) of section 43B, the liability for which:-
A pre-existed on the first day of the previous year but was
not allowed in the assessment of any preceding previous
year and was
 a) paid during the previous year; Nil
Nature of Liability Amount Remarks if any: Section

b) not paid during the previous year; Nil

Nature of Liability Amount Remarks if any: Section

B was incurred in the previous year and was

a) paid on or before the due date for furnishing the return Nil
of income of the previous year under section 139(1);
Nature of Liability Amount Remarks if any: Section

b) not paid on or before the aforesaid date. Nil

Nature of Liability Amount Remarks if any: Section

ii State whether sales tax,goods & service Tax, customs duty, No

excise duty or any other indirect tax,levy,cess,impost etc.is
passed through the profits and loss account.
27 a) Amount of Central Value Added Tax credits availed of or No
utilised during the previous year and its treatment in the profit
and loss account and treatment of outstanding Central Value
Added Tax credits in the accounts.
b) Particulars of income or expenditure of prior period credited or NA
debited to the profit and loss account.
Type Particulars Amount Prior period to which it Remarks if any:
relates(Year in
yyyy-yy format)

28 Whether during the previous year the assessee has received any No
property, being share of a company not being a company in which
the public are substantially interested, without consideration or for
inadequate consideration as referred to in section 56(2)(viia), if
yes, please furnish the details of the same.
Name of the PAN of the Name of the CIN of the No. of Amount of Fair Remarks if any:
person from person company whose company Shares considerati Market
which shares (optional) shares are Received on paid value of
received received the shares

29 Whether during the previous year the assessee received any No

consideration for issue of shares which exceeds the fair market
value of the shares as referred to in section 56(2)(viib), if yes,
please furnish the details of the same.
Name of the person from PAN of the No. of Amount of Fair Remarks if any:
whom consideration person (optional) Shares considerati Market
received for issue of shares issued on value of
received the shares

29 A Whether any amount is to be included as Income Chargeable NA

under the head income from other sources as referred to in
clause (ix) of sub section 2 of section 56
Nature of Income Amount Remarks if any:

29 B Whether any amount is to be included as income chargeable NA

under the head Income from other sources as referred to in
clause (x) of sub section 2 of section 56
Nature of Income Amount Remarks if any:
30 Details of any amount borrowed on hundi or any amount due No
thereon (including interest on the amount borrowed) repaid,
otherwise than through an account payee cheque. [Section 69D]
Name Amount Remark PAN of Address Address City or State Pincode Date of Amount Amou Date
of the borrowe s if any: the Line 1 Line 2 Town or Borrowi due nt of
person d person District ng includin repai Repa
from (optiona g d ymen
whom l) interest t
amount
borrowe
d or
repaid
on
hundi

30 A Whether primary adjustments to transfer price, as referred to NA

in sub section (1) of section 92CE, has been made during the
previous year?
Clause under which of Amount in Rs Whether Whether Amount(Rs) of Expected Remarks if any:
Sub section(1) of of primary the excess the imputed Date
92CE primary adjustment money Excess interest income
adjustments is made available money on such excess
with has been money which
associated repatriated has not been
enterprise within the repatriated
is required prescribed within the
to be time prescribed time
repatriated
to India as
per the
provision
of sub
section (2)
of Section
92CE

30 B Whether the assessee has incurred expenditure during the NA

previous year by way of interest or of similar nature exceeding
one crore rupees as referred to in sub section (1) of section
94B
Amount(in Earnings Amount (In Ass Year of Amount of Ass Year of Amount of Remarks if any:
Rs) of before Rs) of interest interest interest interest
interest or interest, expenditure expenditure expenditure expenditure expenditure
similar tax,depreciat by way of brought brought carried carried
nature ion and interest of forward as forward as forward forward
incurred amortization( similar per sub per sub carried carried
EBITDA) nature as section (4) of section (4) of forward as forward as
during the per(i) above section 94B section 94B per sub per sub
previous which section (4) of section (4) of
year (In Rs) exceeds section 94-B section 94-B
30% of
EBITDA as
per (ii) above

30 C Whether the assessee has entered into an impermissible NA

avoidance arrangement, as referred to in section 96 during the
previous year (Will be applicable from 1st April,2019)
Nature of the impermissible avoidance Amount (in Rs) of tax Remarks if any:
arrangement benefit in the previous
year arising, in
aggregate, to all
parties to the
arrangement

31 a) Particulars of each loan or deposit in an amount exceeding the Nil

limit specified in section 269SS taken or accepted during the
previous year
 Name of the lender or Address of the lender PAN of the Amount of loan Whether Maximum whether the in case the
depositor or depositor lender or or deposit the amount loan or loan or
depositor taken or loan/dep outstanding deposit was deposit was
(optional) accepted osit was in the taken or taken or
squared account at accepted by accepted by
up during any time cheque or cheque or
the during the bank draft or bank draft,
Previous Previous use of whether the
Year Year electronic same was
clearing taken or
system accepted by
through a an account
bank payee
account cheque or
an account
payee bank
draft.

b) Particulars of each specified sum in an amount exceeding the Nil

limit specified in section 269SS taken or accepted during the
previous year :-
Name of the person from Address of the Name of the person PAN of the Name Amount of Whether the In case the
whom specified sum is from whom specified sum is received of the person from specified sum specified specified
received whom specified taken or sum was sum was
sum is received accepted taken or taken or
(optional) accepted by accepted by
cheque or cheque or
bank draft or bank draft,
use of whether the
electronic same was
clearing taken or
system accepted by
through a an account
bank payee
account cheque or
an account
payee bank
draft

b a) Particulars of each receipt in an amount exceeding the Nil

limit specified in section 269ST, in aggregate from a
person in a day or in respect of a single transaction or in
respect of transactions relating to one event or occasion
from a person , during the previous year, where such
receipt is otherwise than by a cheque or bank draft or use
of electronic clearing system through a bank account
Name of the payer Address of the payer PAN of the payer Nature of Amount of Date of
(optional) transaction receipt receipt

b b) Particulars of each receipt in an amount exceeding the Nil

limit specified in section 269ST, in aggregate from a
person in a day or in respect of single transaction or in
respect of transaction relating to one event or occasion
from a person, received by cheque or bank draft, not being
an account payee cheque or an account payee bank draft,
during the previous year
Name of the payer Address of the payer PAN of the payer (optional) Amount of receipt

b c) Particulars of each payment made in an amount exceeding Nil

the limit specified in section 269ST, in aggregate to a
person in a day or in respect of a single transaction or in
respect relating to one event or occasion to a person,
otherwise than by a cheque or bank draft or use of
electronic clearing system through a bank account during
the previous year
Name of the Payee Address of the Payee PAN of the Payee Nature of Amount of Date of
(optional) transaction payment payment

b d) Particulars of each payment in an amount exceeding the Nil

limit specified in section 269ST, in aggregate to a person
in a day or in respect of single transaction or in respect
relating to one event or occasion to a person, made by a
cheque or bank draft, not being the an account payee
cheque or an account payee bank draft, during the
previous year
Name of the Payee Address of the Payee PAN of the Payee (optional) Amount of payment
c) Particulars of each repayment of loan or deposit or any Nil
specified advance in an amount exceeding the limit specified
in section 269T made during the previous year:
Name of the payee Address of the payee PAN of the payee Amount of Maximum Whether the In case the
(optional) the amount repayment repayment
repayment outstanding in was made was made
the account by cheque by cheque
at any time or bank draft or bank
during the or use of draft,
Previous electronic whether the
Year clearing same was
system repaid by an
through a account
bank payee
account cheque or
an account
payee bank
draft

d) Particulars of repayment of loan or deposit or any specified Nil

advance in an amount exceeding the limit specified in section
269T received otherwise than by a cheque or bank draft or use
of electronic clearing system through a bank account during
the previous year
Name of the payer Address of the payer PAN of the payer Amount of
(optional) repayment of loan
or deposit or any
specified advance
received otherwise
than by a cheque
or bank draft or use
of electronic
clearing system
through a bank
account during the
previous year

e) Particulars of repayment of loan or deposit or any specified Nil

advance in an amount exceeding the limit specified in section
269T received by a cheque or bank draft which is not an
account payee cheque or account payee bank draft during the
previous year
Name of the payer Address of the payer PAN of the payer Amount of
(optional) repayment of loan
or deposit or any
specified advance
received by a
cheque or a bank
draft which is not
an account payee
cheque or account
payee bank draft
during the previous
year
32 a) Details of brought forward loss or depreciation allowance, in Nil
the following manner, to the extent available :
Serial No Assessment Nature of loss / Amount as Amount as assessed Remarks
Year Depreciation returned (give reference to
allowance relevant order)
Amount Order U/S
and date

b) Whether a change in shareholding of the company has taken No

place in the previous year due to which the losses incurred
prior to the previous year cannot be allowed to be carried
forward in terms of section 79.
c) Whether the assesse has incurred any speculation loss No
referred to in section 73 during the previous year, If yes,
please furnish the details of the same.
d) Whether the assesse has incurred any loss referred to in No
section 73A in respect of any specified business during the
previous year, if yes, please furnish details of the same.
e) In case of a company, please state that whether the company No
is deemed to be carrying on a speculation business as
referred in explanation to section 73, if yes, please furnish the
details of speculation loss if any incurred during the previous
year.
33 Section-wise details of deductions, if any, admissible under Nil
Chapter VIA or Chapter III (Section 10A, Section 10AA).
Section Amount Remarks if any:

34 a) Whether the assessee is required to deduct or collect tax as No

per the provisions of Chapter XVII-B or Chapter XVII-BB, if yes
please furnish:
Tax Section Nature of Total Total Total Amount Total Amount Amount Remarks
deductio payment amount amount amount of tax amount of tax of tax if any:
n and of on which on which deducted on which deducted deducted
collectio payment tax was tax was or tax was or or
n or required deducted collected deducted collected collected
Account receipt of to be or out of (6) or on (8) not
Number the deducted collected collected deposite
(TAN) nature or at at less d to the
specified collected specified than credit of
in out of (4) rate out specified the
column of (5) rate out Central
(3) of (7) Governm
ent out
of (6)
and (8)
1 2 3 4 5 6 7 8 9 10 11

b) Whether the assesse is required to furnish the statement of tax NA

deducted or tax collected. If yes please furnish the details
Tax deduction Type of Form Due date for Date of Whether the If not, please furnish Remarks if
and collection furnishing furnishing, if statement of list of any:
Account furnished tax details/transactions
Number (TAN) deducted or which are not
collected reported
contains
information
about all
transactions
which are
required to
be reported

c) whether the assessee is liable to pay interest under section NA

201(1A) or section 206C(7). If yes, please furnish:
Tax deduction Amount of Amount paid out date of Remarks if any:
and collection interest under of column (2) payment.
Account section
Number (TAN) 201(1A)/206C(7
) is payable

35 a) In the case of a trading concern, give quantitative details of principal items of goods traded :
 Item Name Unit opening purchases during sales during the closing stock shortage /
stock the previous year previous year excess, if
any
NA
b) In the case of a manufacturing concern, give quantitative details of the principal items of raw materials, finished
products and by-products :
A Raw Materials :
Item Name Unit opening purchas consum sales closing * yield of *percenta *shortage
stock es ption during the stock finished ge of / excess,
during during previous products yield; if any.
the the year
previous previous
year year
NA
B Finished products :
Item Name Unit opening purchases quantity sales during closing shortage /
stock during the manufactured the previous stock excess, if
previous during the year any.
year previous year
NA
C By products :
Item Name Unit opening purchases quantity sales during closing shortage /
stock during the manufactured the previous stock excess, if
previous during the year any.
year previous year
NA

36 In the case of a domestic company, details of tax on distributed Nil

profits under section 115-O in the following form :-
(a) Total amount of reduction as (b) Total (c)Date of Payments with Remarks if any:
amount of referred to in section tax paid Amount
distributed thereon
profits
115-O(1A)( 115-O(1A)( Dates of Amount
i) ii) payment

36 A Whether the assessee has received any amount in the nature Nil
of dividends as referred to in sub-Clause ( e ) of clause(22) of
section 2
Amount Received(in Rs) Date of receipt Remarks if any:

37 Whether any cost audit was carried out, if yes, give the details, if No
any, of disqualification or disagreement on any
matter/item/value/quantity as may be reported/identified by the
cost auditor.
38 Whether any audit was conducted under the Central Excise Act, No
1944, if yes, give the details, if any, of disqualification or
disagreement on any matter/item/value/quantity as may be
reported/identified by the auditor.
39 Whether any audit was conducted under section 72A of the No
Finance Act,1994 in relation to valuation of taxable services, if
yes, give the details, if any, of disqualification or disagreement on
any matter/item/value/quantity as may be reported/identified by
the auditor
40 Details regarding turnover, gross profit, etc., for the previous year
and preceding previous year:
Particulars Previous Year % Preceding previous Year %
Total turnover of the 15985150 0
assessee
Gross profit/turnover 15985150 15985150 100.00 0 0 0.00
Net profit/turnover -2977956 15985150 -18.63 0 0 0.00
Stock-in-trade/turnover 0 15985150 0.00 0 0 0.00
Material 0 0 0.00 0 0 0.00
consumed/finished
goods produced
41 Please furnish the details of demand raised or refund issued Nil
during the previous year under any tax laws other than Income-tax
Act, 1961 and Wealth tax Act, 1957 along with details of relevant
proceedings.
Financial Name of State Other Type Date of Amount Remarks
year to other Tax (Demand demand
which law raised/Ref raised/refu
demand/re und nd
fund received) received
relates to

42 a Whether the assesse is required to furnish statement in Form NA

No.61 or Form 61A or Form No 61B
Income tax Type of Form Due date of Date of Whether the if not, please Remarks if any:
Department furnishing furnishing, if form contains furnish the list
Reporting furnished information of
Entity about all details/transac
Identification details/transac tion which are
Number tions which not reported
are required
to be reported

43 a Whether the assessee or its parent entity or alternate reporting NA

entity is liable to furnish the report as referred to in sub section
2 of section 286
Whether report Name of parent entity Name of the Date of Expected Remarks if any:
has been Alternative reporting Furnishing Date
furnished by the entity(if Applicable) the Report
assessee or its
parent entity or
an alternate
reporting entity

44 Break-up of total expenditure of entities registered or not NA

registered under the GST (Will be applicable from 1st April,2019)
Total Amount of Expenditure in respect of entities registered under the GST Expenditure relating
expenditure Relating to the Relating to the Relating to the Total Payment to to entities not
incurred during the goods or services entities falling other registered Registered entities registered under
year exempt from GST under composition entities GST
scheme

For M/s BAJAJ ARORA & CO

Chartered Accountant
(Firm Regn No.: 029625N)

SAHIL Digitally signed

by SAHIL BAJAJ

BAJAJ Date: 2018.10.11

19:04:52 +05'30'

(SAHIL BAJAJ)

Membership No: 529715

Place :DELHI
Date : 04/10/2018
 LOFTY VENTURES PRIVATE LIMITED
Annexure "A"

Particulars of Depreciation allowable as per the Income-Tax Act, 1961 in respect of each asset or block of assets in the following
form.
Central Value Added
Additions/deductions
Tax credit claimed and Subsidy or grant
during the year with
Actual cost or allowed under the Change in rate of or Written down
Rate of dates in the case of any Depreciation
Description of asset/block of assets. written down Central Excise Rules, exchange of reimbursement, value at the end
Dep.% addition of an asset, allowable
values 1944, in respect of currency by whatever of the year
date put to use;
assets acquired on or name called
including adjustment
after 1st March, 1994
Plant and Machinery 15% 0 22,59,194 0 0 0 3,28,003 19,31,191
Building 5% 0 3,37,800 0 0 0 16,890 3,20,910
Furniture and fitting 10% 0 29,80,770 0 0 0 2,94,777 26,85,993
Total 0 55,77,764 0 0 0 6,39,670 49,38,094

Addition/Deduction in Fixed Assets During the Financial Year

Block 15% Plant and Machinery

More Than 180 Less than 180 Date of Date of Put to the
S.No. Particulars Total
Days Days Accounting Use
1 AC 98,000 0 98,000 15/07/2017 15/07/2017
2 AC 1,04,800 0 1,04,800 18/07/2017 18/07/2017
3 AC 20,200 0 20,200 20/07/2017 20/07/2017
4 AC 62,900 0 62,900 20/07/2017 20/07/2017
5 AC 23,000 0 23,000 22/07/2017 22/07/2017
6 AC 1,04,000 0 1,04,000 24/07/2017 24/07/2017
7 AC 1,26,000 0 1,26,000 25/07/2017 25/07/2017
8 AC 84,000 0 84,000 27/07/2017 27/07/2017
9 AC 47,500 0 47,500 02/08/2017 02/08/2017
10 AC 51,000 0 51,000 10/08/2017 10/08/2017
11 AC 25,000 0 25,000 16/08/2017 16/08/2017
12 AC 23,500 0 23,500 18/08/2017 18/08/2017
13 AC 23,500 0 23,500 19/08/2017 19/08/2017
14 AC 22,500 0 22,500 28/08/2017 28/08/2017
15 AC 23,000 0 23,000 29/08/2017 29/08/2017
16 AC 1,02,600 0 1,02,600 04/09/2017 04/09/2017
17 AC 21,800 0 21,800 09/09/2017 09/09/2017
18 ELECTRICAL GOODS 7,200 0 7,200 16/06/2017 16/06/2017
19 ELECTRICAL GOODS 60,100 0 60,100 18/06/2017 18/06/2017
20 ELECTRICAL GOODS 14,500 0 14,500 19/06/2017 19/06/2017
21 ELECTRICAL GOODS 84,200 0 84,200 20/06/2017 20/06/2017
22 ELECTRICAL GOODS 70,000 0 70,000 21/06/2017 21/06/2017
23 ELECTRICAL GOODS 60,000 0 60,000 22/06/2017 22/06/2017
24 ELECTRICAL GOODS 50,000 0 50,000 23/06/2017 23/06/2017
25 ELECTRICAL GOODS 32,000 0 32,000 24/06/2017 24/06/2017
26 ELECTRICAL GOODS 18,000 0 18,000 24/06/2017 24/06/2017
27 ELECTRICAL GOODS 62,400 0 62,400 24/06/2017 24/06/2017
28 ELECTRICAL GOODS 12,600 0 12,600 24/06/2017 24/06/2017
29 ELECTRICAL GOODS 27,000 0 27,000 25/06/2017 25/06/2017
30 ELECTRICAL GOODS 10,000 0 10,000 26/06/2017 26/06/2017
31 ELECTRICAL GOODS 58,414 0 58,414 26/06/2017 26/06/2017
32 ELECTRICAL GOODS 35,000 0 35,000 27/06/2017 27/06/2017
33 ELECTRICAL GOODS 21,000 0 21,000 05/07/2017 05/07/2017
34 ELECTRICAL GOODS 20,000 0 20,000 05/07/2017 05/07/2017
35 ELECTRICAL GOODS 42,500 0 42,500 07/07/2017 07/07/2017
36 ELECTRICAL GOODS 74,964 0 74,964 09/07/2017 09/07/2017
37 ELECTRICAL GOODS 31,800 0 31,800 10/07/2017 10/07/2017
38 ELECTRICAL GOODS 5,400 0 5,400 10/07/2017 10/07/2017
39 ELECTRICAL GOODS 13,000 0 13,000 12/07/2017 12/07/2017
40 ELECTRICAL GOODS 27,600 0 27,600 12/07/2017 12/07/2017
41 ELECTRICAL GOODS 58,000 0 58,000 13/07/2017 13/07/2017
42 ELECTRICAL GOODS 26,300 0 26,300 15/07/2017 15/07/2017
43 ELECTRICAL GOODS 14,000 0 14,000 15/07/2017 15/07/2017
44 ELECTRICAL GOODS 1,200 0 1,200 17/07/2017 17/07/2017
45 ELECTRICAL GOODS 21,800 0 21,800 20/07/2017 20/07/2017
46 ELECTRICAL GOODS 42,000 0 42,000 21/07/2017 21/07/2017
47 ELECTRICAL GOODS 3,600 0 3,600 24/07/2017 24/07/2017
48 ELECTRICAL GOODS 15,000 0 15,000 28/07/2017 28/07/2017
49 ELECTRICAL GOODS 1,21,296 0 1,21,296 28/08/2017 28/08/2017
50 ELECTRICAL GOODS 0 62,720 62,720 14/10/2017 14/10/2017
51 ELECTRICAL GOODS 0 1,150 1,150 15/10/2017 15/10/2017
52 ELECTRICAL GOODS 0 1,150 1,150 15/10/2017 15/10/2017
53 ELECTRICAL GOODS 0 80,000 80,000 24/10/2017 24/10/2017
54 KITCHEN and EQUIPMENT'S 10,000 0 10,000 20/06/2017 20/06/2017
Total 21,14,174 1,45,020 22,59,194

Block 5% Building
 More Than 180 Less than 180 Date of Date of Put to the
S.No. Particulars Total
Days Days Accounting Use
1 Building Materials Purchased 12,000 0 12,000 26/05/2017 26/05/2017
2 Building Materials Purchased 21,000 0 21,000 19/06/2017 19/06/2017
3 Building Materials Purchased 3,800 0 3,800 22/06/2017 22/06/2017
4 Building Materials Purchased 16,000 0 16,000 04/07/2017 04/07/2017
5 PARTITION 84,500 0 84,500 26/05/2017 26/05/2017
6 PARTITION 1,20,000 0 1,20,000 27/05/2017 27/05/2017
7 PARTITION 28,500 0 28,500 16/07/2017 16/07/2017
8 PARTITION 32,000 0 32,000 22/07/2017 22/07/2017
9 PARTITION 20,000 0 20,000 26/07/2017 26/07/2017
Total 3,37,800 0 3,37,800

Block 10% Furniture and fitting

More Than 180 Less than 180 Date of Date of Put to the
S.No. Particulars Total
Days Days Accounting Use
1 ALMIRAHS PURCHASED 5,92,000 0 5,92,000 12/05/2017 12/05/2017
2 BED PURCHASED 3,30,000 0 3,30,000 15/05/2017 15/05/2017
3 BED PURCHASED 70,000 0 70,000 25/05/2017 25/05/2017
4 Furniture 16,400 0 16,400 05/06/2017 05/06/2017
5 Furniture 83,300 0 83,300 05/06/2017 05/06/2017
6 FURNITURE 65,000 0 65,000 08/06/2017 08/06/2017
7 FURNITURE 70,000 0 70,000 10/06/2017 10/06/2017
8 FURNITURE 41,600 0 41,600 10/06/2017 10/06/2017
9 FURNITURE 7,500 0 7,500 12/06/2017 12/06/2017
10 FURNITURE 64,000 0 64,000 12/06/2017 12/06/2017
11 FURNITURE 2,26,000 0 2,26,000 15/06/2017 15/06/2017
12 FURNITURE 15,400 0 15,400 23/06/2017 23/06/2017
13 FURNITURE 15,400 0 15,400 23/06/2017 23/06/2017
14 FURNITURE 20,180 0 20,180 26/06/2017 26/06/2017
15 FURNITURE 22,470 0 22,470 28/06/2017 28/06/2017
16 FURNITURE 14,250 0 14,250 28/06/2017 28/06/2017
17 FURNITURE 11,400 0 11,400 28/06/2017 28/06/2017
18 FURNITURE 45,360 0 45,360 06/07/2017 06/07/2017
19 FURNITURE 45,360 0 45,360 06/07/2017 06/07/2017
20 FURNITURE 14,400 0 14,400 10/07/2017 10/07/2017
21 FURNITURE 9,900 0 9,900 10/07/2017 10/07/2017
22 FURNITURE 30,000 0 30,000 10/07/2017 10/07/2017
23 FURNITURE 39,800 0 39,800 10/07/2017 10/07/2017
24 FURNITURE 3,900 0 3,900 12/07/2017 12/07/2017
25 FURNITURE 2,600 0 2,600 18/07/2017 18/07/2017
26 FURNITURE 14,200 0 14,200 18/07/2017 18/07/2017
27 FURNITURE 18,600 0 18,600 19/07/2017 19/07/2017
28 FURNITURE 31,696 0 31,696 19/07/2017 19/07/2017
29 FURNITURE 8,054 0 8,054 19/07/2017 19/07/2017
30 FURNITURE 30,000 0 30,000 20/07/2017 20/07/2017
31 FURNITURE 20,000 0 20,000 24/07/2017 24/07/2017
32 FURNITURE 57,200 0 57,200 25/07/2017 25/07/2017
33 FURNITURE 10,400 0 10,400 31/07/2017 31/07/2017
34 FURNITURE 61,000 0 61,000 01/08/2017 01/08/2017
35 FURNITURE 3,00,000 0 3,00,000 02/08/2017 02/08/2017
36 FURNITURE 27,200 0 27,200 03/08/2017 03/08/2017
37 FURNITURE 2,11,200 0 2,11,200 15/08/2017 15/08/2017
38 FURNITURE 7,000 0 7,000 07/09/2017 07/09/2017
39 FURNITURE 0 66,000 66,000 14/10/2017 14/10/2017
40 TABLE PURCHASED 1,46,400 0 1,46,400 27/05/2017 27/05/2017
41 TABLE PURCHASED 1,15,600 0 1,15,600 28/05/2017 28/05/2017
Total 29,14,770 66,000 29,80,770
 LOFTY VENTURES PRIVATE LIMITED
F-120 FIRST FLOOR DILSHAD COLONY DELHI-110095
CIN- U70100DL2017PTC311069

Director’s Report

To,
The Members,

LOFTY VENTURES PRIVATE LIMITED

Your Directors have pleasure in presenting the Annual Report of your
company along with the Audited Financial Statements for the Financial
Year ended on 31st March, 2018. Further, in compliance with the
Companies Act, 2013 the company has made all requisite disclosures in the
Board Report with the objective of accountability and transparency in its
operations and to make you aware about its performance and future
perspective.
1. FINANCIAL SUMMARY /PERFORMANCE OF THE COMPANY

Particulars 2017-2018 2016-17

Total Turnover / Gross Receipts. 15985150 0

Profit for the year after meeting all expenses

including preliminary expenses of Rs. Nil (Previous year

-1957317.71
Nil /-)

but before providing for depreciation & Income Tax

Depreciation for the Current year 119099.08 0

Profit after dep. But before Income Tax -3148316.79

Provision for tax - Current 0 0

- Deferred -170360.81 0

Income Tax Adjusted for earlier years 0 0

profit after tax -2977955.98

Balance b/f from earlier year 0 0

Dividend and dividend tax 0 0

Balance carried to Balance Sheet -2977955.98 0

2 .DIVIDEND
Due to insufficient profits in the Business, the Directors of your Company regret their
inability to recommend any dividend for the Financial Year 2017-2018.

3. INFORMATION ON STATE OF THE COMPANY AFFAIRS

As this is the Second Year of the company, no profit was achieved in this Financial Year
and there is loss of Rs. 2977955.98.

4. CHANGE IN THE NATURE OF BUSINESS

There is no change in the nature of business of the company during the Financial
Year 2017-18.

5.MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE

FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED
BETWEEN THE END OF FINANCIAL YEAR OF THE COMPANY TO WHICH
THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT.
There were no material changes during the year, affecting the financial position of the
company
6. RESERVES
The amount of loss of Rs. 2977955.98 was transferred to the General Reserve.

7.DETAILS OF SUBSIDIARY/JOINT VENTURE/ASSOCIATE COMPANIES

There are no subsidiary, associate or joint venture companies.

8.FIXED DEPOSIT
The company has not accepted any Fixed Deposit during the year.

9.CHANGE IN SHARE CAPITAL DURING THE FINANCIAL YEAR 2017-18

There is change in share capital structure of the Company during the financial year
2017-18 as the Authorised and paid up capital of the company was increased from 1 lakh
to 35 lakhs.

10. NUMBER OF MEETINGS OF THE BOARD

There were four meetings of Board of Directors held during the financial year 2017-18.

11. STATEMENT ON DECLARATION BY INDEPENDENT DIRECTORS

There are no independent directors in the company.

12. MANEGERIAL REMUNERATION

No managerial remuneration was given to the Directors.

13. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER

SECTION 186
The company has not given any loans or guarantees and not made any investments
covered under the provisions of section 186 of the Companies Act, 2013.

14. DETAILS OF DIRECTORS OR KMP WHO WERE APPOINTED OR HAVE

RESIGNED DURING THE YEAR.
There is no change in the Directors.

15. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED

PARTIES REFFERRED TO IN SUB SECTION 1 OF SECTION 188
There were no related party transactions during the financial year 2017-18.

16. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE

REGULATORS OR COURTS
There are no significant material orders passed by the regulators/courts which would
impact the going concern status of the company and its future operations.

17. AUDITORS
The Auditors M/s Bajaj Arora & Co. Chartered Accountants, Delhi whose period of
office expires at the conclusion of ensuing Annual General Meeting are eligible for re-
appointment.
They have confirmed their eligibility under section 141 of Companies Act 2013 and that
are not disqualified for appointment and being eligible offer themselves for re-
appointment.
Pursuant to the provisions of section 139 of the Companies Act, 2013 and the Rules
framed there under, it is proposed to ratify the appointment of M/s Bajaj Arora &
Co., Chartered Accountants, as the statutory auditors of the 111 Company for the
Financial Year 2018-19.
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