Query regarding Sec 44AB
This query is : Resolved
27 November 2008
whether total turnover taken in to consideration for the purpose of sec 44 AB is to be taken inclusive of all the taxes or exclusive?
Eg. Gross sale inclusive of exise duty 45lac and net sales (ie. exclusive of exise duty= 39 lac)
Eg. Gross sale inclusive of exise duty 45lac and net sales (ie. exclusive of exise duty= 39 lac)
27 November 2008
45 lac (Including Excise duty) before Sales tax.
27 November 2008
Tourn over include excise duty because it is a duty on manufacture of the goods.But doenot includes sales taxs .
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