Definition of Total Turnover/Gr.Receipts U/s 44AD of I Tax

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Mahesh Kakoo (Querist)
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24 May 2011 Dear Colleagues,

In ref. to my query for exact meaning of Total Turnover/Gross Receipts, Mr. (CA)Parag Bhupatani, has replied that same is to be considered net of all taxes for which I thank him for his prompt reply in the matter.

In the absence of definition of "Total Turnover/Gross Receipts" under I. Tax Statues, (particularly for sec 44AD), I shall appreciate if any one give supporting circular, notification, article, guideline, judicial ruling, etc.

Once again thanks in advance

Mahesh Kakoo
Advocate & Tax Consultant

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 May 2011 Pl refer page 8 (June 2000 edition) of The Institute of Chartered Accountants of India publication "Issues On Tax Audit".

Mahesh Kakoo

Mahesh Kakoo (Querist)
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24 May 2011 Sir Ji,

Thanks a lot for your prompt reply

Have Blessed Day
Mahesh Kakoo
Advocate & Tax Consultant

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