Interest is included in turnover or not
This query is : Resolved
Mahesh sharma
(Querist)
24 May 2014
Dear Sir,
Mr x having interest income on Investments prior to start his Construction business Should the interest income of RS 3.00cr included in his Turnover or not For the purpose of Tax Audit.
(With Supporting Section and judgement)
Mr x having interest income on Investments prior to start his Construction business Should the interest income of RS 3.00cr included in his Turnover or not For the purpose of Tax Audit.
(With Supporting Section and judgement)
Rupesh Jain
(Expert)
24 May 2014
interest income is part of business income then interest will consider for audit purpose.
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