can partner comes under the definition of person under section 2(31) of the IT Act 1961

Mr. A is a dealing in items which bears heavy cess on it under GST (For eg. Tobacco). In the current year his taxable turnover under GST was Rs. 50 Lakhs on which he has paid GST including cess of Approx. 62 Lakhs. What will be his turnover under Income Tax Act. (Kind attention sec 145A which says -
the valuation of purchase and sale of goods and inventory for the purposes of determining the income chargeable under the head “Profits and gains of business or profession” shall be— (i) in accordance with the method of accounting regularly employed by the assessee; and (ii) further adjusted to include the amount of any tax, duty, cess or fee (by whatever name called) actually paid or incurred by the assessee to bring the goods to the place of its location and condition as on the date of valuation.
Kindly reply soon.

Dear Sir/ Madam,
My Client has received a LIP Maturity Amount from LIC. LIC has deducted TDS on the maturity amount. Please tell me whether Maturity amount received from LIC is Taxable or Taxfree. Please also tell me the reason for the answer. if It is Taxable then under which section & Which head, and if it is Taxfree then under which section.

Dear Sir/Madam,
my client is a insurance commission agent, and his total commission income is less than 60000/-. Kindly tell me which ITR Form Should I select for F.Y. 2017-18 (A.Y. 2018-19). Please also tell me the section under which insurance commission income is to be taken.

What will be the disclosure in ITR for amount received by nominee on the death of insured person in case of life insurance?

Is it exempt income and required to be disclosed/shown U/s10(10D)?

or

Is it treated as inheritance and does not require any disclosure in Income tax return of nominee?

Dear All kindly help me out with the below query. is it mandatory to file the return of income before 31st July to avail the exemption for educational institutions. or the exemption Will not be granted when we file late return.

Solution Plz....

One of my client having actual T/over from Transport Business of Rs 1.80 Crore (as per bank records) along with Capital loss on sale of Shop, & willing to file his Return under Sec 44AE (he is showing higher than prescribe income u/s 44AE with less than 10 vehicles),, so that no Tax Audit will required..., Although Presumptive Income sec 44AE comes under ITR 4 (AY 18-19), but my software prescribe  ITR 3 due to having capital loss, along with P& L / Balance Sheet details (under "No complete sets of Accounting Records are Maintain") , my query is whether showing Income under ITR 3 will required Tax Audit or not as Income is above Rs 1 Crore but below Rs 2 Crore. 

Immediate Response is Highly Appreciated...

Can NRI become a partner in an indian partneship firm? Is there any regulations to be followed before such constitution of the firm?

AMOUNT RECEIVED FROM OUTSIDE INDIA REGARDING DATA FEEDING WORK . AMOUNT IS 39 LACS WHEATHER TAX AUDIT OR NON TAX AUDIT. PROFIT IS 8 LACS.

How to remove reconciled date in tally while after making BRS in tally.