Definition of turnover


This query is : Resolved 

(Querist)
23 February 2009 What is the definition of turnover for sec 44AA and 44AB?
Whether purchases are included in definition of turnover

24 February 2009 NO PURCHASE IS NOT TO BE TAKEN FOR DEF. OF T/O u/s 44 AA / AB

ONLY SALES / RECEIPTS ARE TO BE CONSIDERED TO DERIVE THE ELIGIBILITY OF 44 AA / AB


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