Loss on professional income ay 2017-18

Others 215 views 3 replies

Dear Sir

               I am a retired person pension during FY2016-17 Rs.325000/- I earned Intrest on FD Rs. 458200 as per Certificate issued by bank but in 26AS they mentioned Intrest Rs.598000/-/- and proffessional turnover of Rs.971600/-  y proffessional turnover I incurred Loss of rs. 195000/- (Total Expenditure is Rs.1166600/- besides this Depreciation of Rs.73600/- I maintain Books of Accounts. kindly guide is I have to get audited my books from CA or not during this year as Last year loss i not geted my accounts audited from CA and Income tacx office has refund my TDS after adjusting Loss on proffessional Incom. TDS for FY 2016-17 is Rs.62625/-

Thanks

Rajinder Bhatia

Replies (3)
since you are maintaining books of accounts and your turnover does not exceed Rs 1 crore no need for tax audit. File return as per last year.
since you are maintaining books of accounts and your turnover does not exceed Rs 1 crore no need for tax audit. File return as per last year.

Dear Sir

                     Thanks for your reply


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