Assessee not maintaining books of accounts as per income tax act as he want to show income in Sec 44ad

His turnover all via bank is.................7000000
Purchase all payment through bank. 6500000
Direct exp all through bank.................40000
Indirect exp all through bank................50000
Net profit ( 5.71% of turnover )..........400000

Now his actual profit is 400000 ( 5.71% of turnover ) . Can he file itr 4s showing profit in itr 560000 (@ 8% of turnover)

He want this bcz he does not want to maintain books of accounts

Whether this situation is possible.
Another Que is what will be effect on vat if vat involved vat rate is tax free

Can we make cash payment of salary to a single person aggregating 240000 before the amendment took place in 40a(3) i. e. For fy 2016-17.. And does it require to report these transaction under 114E(5)..

my employer not show children education allowance and medical allowance in form 16. Can i claim medical allowance of rs. 15000/- and children education allowance rs. 1200/- in itr for f.y 2016-17 and claim refund?

*For a partnership firm for AY 2017-2018:* If a working partner is drawing a remuneration, is tax audit applicable for that partnership firm (even though the turnover is below the limit i.e. Rs. 2 crores)?

kya mujhe koi bata sakta hai ay 17-18 ka return kab tak ja sakta hai

If Personal Expense of Director is paid by Company then either we can disallow it in the Income Tax Computation or transfer the payment entry itself to Director's Current A/c in books. Which treatment is more appropriate in accordance with Income Tax Act and Companies Act.

Generated EVC not accepted by IT website saying invalid code.. Help me

What should be the amount paid/credited in case of tax deducted on salary of an employee in TDS return of 24Q, i.e. the amount after exemptions(net salary) or before exemptions u/s 10 (gross salary). If we take gross salary an employee can claim the exemptions while filling his income tax return, can't he? and vice versa?. Please help. Waiting in anticipation for your reply.

If a self constructed house is sold then what will be the cost of Acquisition, if land was purchased seperately in a different year and construction completed in different year?

Received below message, can someone help me understand this and next course of action.

Total TDS by Employer of PAN XXXXXXXXX for Qtr ending Mar 31 is Rs 82,037 and cumulative TDS for FY 16-17 is Rs 2,03,786. View 26AS for details