Easy Office
LCI Learning

Meaning of gross turnover

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 May 2015 What is the meaning of Gross turnover as per section 44AD?
Whether excise duty, service tax, sales tax,etc. should be included in Gross Turnover?
Profile Image

CA. SHIVA SHANKARA R. SHETTY

Profile Image

CA. SHIVA SHANKARA R. SHETTY (Expert)
27 May 2015 Gross turnover means
i) Gross receipts or gross sale from business or
ii)Gross amount received by providing a services

Under the Income tax Act, 1961, gross turnover inclusive of taxes

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links