44 AD TURNOVER (CASH)


This query is : Resolved 

Quick Summary
The Presumptive Scheme has introduced a new 'Turnover (Cash)' column for clarity. Previously, turnover was broadly categorised into 'other mode' (digital) and 'banking channel'. Now, 'Turnover (Cash)' specifically refers to cash transactions, while 'Turnover (other mode)' covers digital transactions. This change aims to provide a clearer distinction for calculating presumptive income, with different profit margins applied to cash versus non-cash (banking/digital) turnover.

23 July 2024 In Presumptive Scheme the new Column TURNOVER (CASH) added
so whats the Differance between Turnover (Cash) and Turnover (other Mode) ??

23 July 2024 Turnover (other mode).... means turnover which is not in cash mode...
i.e. turnover digital mode..

23 July 2024 But Turnover (Banking Channel) column also there , up to A.Y. 2023-24 only 2 column that is Turnover (other mode )and turnover (Banking Channel) from A.Y. 2024-25 they added turnover (Cash Mode)

23 July 2024 There it was indicative other than banking mode.
Now from this they have bifurcated again for more clarity.
Turnover by cash.... for minimum 8% or more profit...
Other two... banking mode & digital mode (i.e. Other mode) for minimum 6% or above profit

24 July 2024 Thanks a lot sir for clarify

24 July 2024 You are welcome


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details