30 July 2019
We have to file ITR-4-Sugam u/s 44-AD for ay 19-20. We are showing nett profit @ 6% because of 100% transactions through cheque/neft/rtgs. We have paid professional tax of Rs 2500 on the proprietor. I would like to know whether deduction of Rs 2500 is allowed out of 6% Net Profit and where to be shown in ITR-4-Sugam. Please guide me and oblige.
CAclubindia
