Definition of gross turnover as per s:-44ab

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Pratik A Rughani (Querist)
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15 September 2012
The turnover for seeing the criteria of Audit under Income Tax Act, lets C 60L or 1cr includes amount of VAT or Excise Duty...?

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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15 September 2012 For A.Y.2012-13 it is 60Lacs including VAT,excise duty etc... if they are not charging separately in the bills or charging separately but not accounting separately.

Excluding VAT,excise duty etc.... if they are charging separately in the bills and accounting separately.

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