Easy Office
LCI Learning

Interest is included in turnover or not

This query is : Resolved 
Profile Image

Profile Image

(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)
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 May 2014 interest income is part of business income then interest will consider for audit purpose.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links