EASYOFFICE

Business imcome

This query is : Resolved 

19 January 2016 i'm doing engineer consultant service business. my business type is sole proprietor. my total turnover for the year is nearly 15lakhs. my total expenditure vil be around 13lakhs. I pay service tax and TDs is also deductibles. 1. Do I need to get my accounts audited? 2. What vil be my taxable income? is tat possible to get refund of TDS? 3. I need to file return in my name or in my ENTERPRISES name? kindly advise.

19 January 2016 1. audit is not applicable.

2. your profit...how can we tell. look at your books

3. refund is a function of tax liability and tax credit, so again depends on your profit

4. return is to be filed in your PAN.



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