How to show g.t.i.
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2012
MY CLIENT HAS A BUSINESS INCOME. AND INCOME SHOWS 8% OF TURNOVER.HE IS INTREST PAID IS GREATER THAN INTREST RECEIVED ACCORDING TO INDIVIDUAL, HOW TO SHOW G.T.I.
03 January 2016
Please elaborate your question. The question of Interest paid and received does not come into picture as the assessee is paying tax @ 8% of Turnover. Hence interest Expense has to be ignored
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