can a proprietor withdraw cash from business about 20lakh for a financial period

Sir,

Please solve my below query:
1. My friend salary earning from pvt job during the financial year 2019-20 is below Rs. 3,50,000
2. He also doing trading activity i.e Share buying and selling through his own demat account. during the financial year 2019-20 his profit & loss statement showing Rs. -428.12 loss for speculation, Rs. 7652.33 profit for Short term & Rs. 95.45 profit for long term.

Kindly suggest us which ITR return applicable for financial year 2019-20

Thanks & Regards.

Sir,
I am a pensioner. I share to deposit money for my daughters LIC premium. Can I claim the said amount to under section 80c while filing of my return?

somaj

How to file income tax return of a stamp duty seller who's gross receipts from sale of Stamp is more then 1 cr and it's income is 1.5 percent of Stamp sale further he also deposited the cash in bank account of more then 10 lacs which is further transferred to govt account.

Hi,
I worked for an employer for 7 months in this FY, and later withdrew my PF (which had only 7 months worth of amount), I have below questions:
1. can I deduct my own contribution to the PF as 80C deduction in ITR?
2. employer has already paid TDS for their contribution in the EPF, but not on mine, do I need to pay taxes on my contribution too?
Thank you

Hello, I am a seller on Flipkart from Delhi (Gst is also registered from Delhi) and wish to send my products to Flipkart's warehouse in Bangalore and Kolkata ( since I'm eligible to send products to these Warehouses). However, I'm unable to list these Warehouses in my gst portal. Can you please help me as to how should I proceed?

IS active form is need to file every year ?

Due date of approval of financial statements of OPC for first year ?

I have a commision income from LIC which I included under the head income from other source. In which section expenses are allowed from commission from LIC?

I have loss on f/o trading (non -speculative) loss of Rs 2,80,000
and
1.speculative profit Rs 2,110

.short term profit on shares Rs 25000

.salary income 450000

.capital gain on property selling
Rs 20lakh

bank interest on s/a
Rs 51000
how I set off non speculative loss and with whom?????
##I got answer that it can set off with any other income except salary income
But
For non speculative loss means (loss in f/o trading) Rs280000
audit. is compulsory?????
sir turn over is not exceeds 1crore, but loss in f/o trading, loss means less than 6per.. income, that's why my question is audit is compulsory ,what to do plz clarify