INVESTMENT CONSULTANCY SERVICES
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2010
what does term TURNOVER indicate for the investment consultancy services dealing in mutual funds ? is it amount of investment ?
brokerage/commission from such investment ?
what is the ceiling limit for applicability 44AB for compulsory maintaiance of books of accounts?
brokerage/commission from such investment ?
what is the ceiling limit for applicability 44AB for compulsory maintaiance of books of accounts?
Aditya Maheshwari
(Expert)
13 July 2010
It would depend upon the nature of business.
If it is on own account then investment to be included in turnover.
If on behalf of clients then brokerage only.
If it is on own account then investment to be included in turnover.
If on behalf of clients then brokerage only.
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