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.

An assessee has opened Account A i. e. Savings Account under Capital Gain Account Scheme 1988 recently and claimed deduction u/'s 54 of the I T Act while filling return for A. Y. 2019-20.
He wants to transfer the funds now to Account B i. e. Term Deposit Account. Can he do this freely? As there can not be auto renewal of Account B, what happens if he opts for 6 months TDR? On maturity that amount will be transferred to Account A with interest if the amount is not utilised for buying new house. Can he again transfer the funds to TDR?
Is there any tax implications on such transactions?
Can transfer from Account A and Account B and vise versa allowed freely without any restrictions under the act?

Dear Sir,
A person doing a business and have a separate PAN having 4th character is "F" for his firm. Please suggest which ITR form sould opt to file ITR for his firm.

IS IT NECESSARY FOR EMPLOYER TO DECLARE MEDICAL INSURANCE PREMIUM DETAILS OF EMPLOYEE IN TDS RETURN, EVEN THOUGH EMPLOYEE HAS NOT SUBMITTED THE DETAILS ABOUT IT?

If my mother or Father in Law transfer money from their Bank A/c to my Bank A/c. Whether the same is taxable to us or not? Kindly enlighten the consequences.

We deducted TDS under Equilisation levy in the month of April, 2019. The due date for filing return under equilisation levy is 30th june of financial year ending. please explain me, can we do return filing for equilization levy now? Is there any problem if we do return filing now?

My Client Is Doctor , His Annual Receipts is 10 Lakhs , if i file Return U/S 44ADA then I have to Show 50% Income , But Instead of 44ADA if i File ITR 3 then Its Compulsory to maintain 50% income ?? Audit Will Be Required if i Show 3 Lakhs Income ?

Hello everyone..
PF WITHDRAWL IS TAXABLE WHEN WITHDRAW BEFORE COMPLETION OF 5 YEARS OF SERVICE.

My query is under which head it is taxable? Under head salary or other income??

If taxable under head salary whether standard deduction of 40,000 is available or not?

Whether the director of the company which has defaulted in filing AOC-4 and MGT-7 for previous financial year can sign MGT-7?

Whether CS sign is mandatory on MGT-7?