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How can i show Professional tax deductions in ITR2.
there is a column stating professional tax deduction. put it there
there is no such option..you have to always state it net-off prof tax..
No such column you have net off with gross.
Is it necessary to fill up P/L A/c and Schedule for Business income in ITR - 4 if any person having
deemed income u/s 44AD or 44AE or 44AF or 44BB or 44BBB ?
No, it is not required.
u should direct deduct prof. tax from basic salar
Is any deductions allowed for repayment of Personal Loan.
Is it necessary to keep all attachments for ITR forms?
Under IT Act, 1961, no deduction is allowed on repayment of Personal Loan. There is scope of deduction on Educational and Housing Loans.
Dmohansrj, R. Suresh is right in this context. There is no column as such for this purpose.
No deduction on personal loan repayment is allowable- Section 37 of IT Act, you must read its 4 conditions. Only House lan repayment is eligible deduction u/s 80C.
Naina On educational loan repayment of loan is not eligible for deduction only interest on such loan is eligible deduction u/s 80E.
Thanks Abhishek Sir, for correcting me.
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