44ad
This query is : Resolved
06 September 2015
what is the difference between sales, turnover an
gross receipts in respect of Section 44AD of Income Tax Act, 1961.
06 September 2015
the section has used these words as synonyms. Basically this section is for those assessees who opt for presumptive basis. So? No need to stretch the imagination to find out the difference, if any between those words. Do take it interchangeably.
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