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Gross turnover for audit u/s 44ab


13 October 2011 As per Tax Audit u/s 44AB what will be the Gross Turnover for a Service Company with following income;

Service Income : Rs.59,00,000/-

Interest from Investments: Rs. 48,000/-

Income from Delayed Payment from Customer: Rs.63,000/-

Income from Scrap Sale: Rs.8,000/-

13 October 2011 the gross turnover shall be Rs 59,71,000/-

15 October 2011 Income from Delayed payment is how related to Business Income as there is no certainty for this receipts.






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