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Sangeetha (Querist)
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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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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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