07 April 2017
Sir, Only source of Income for our apartment is Interest from FD. That too doesn't cross maximum amount not chargeable to tax. But TDS got deducted. I'm a College Professor I will submit the return for my apartment on my own. 1. My question is whether books need to be audited by CA? Is it a must? 2. Are we supposed to deduct TDS for payment to Lift Service Personnel for AMC?
07 April 2017
1 No need of audit for filling return if gross receipts not exceed 1 crore. 2 TDS not applicable if your gross receipts not exceed 1 crore.