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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2013 Dear Sir,
One of the assessee whose bill book total in fy 2012-13 is Rs. 46 lacs, however cheques collected of payments in bank a/c are Rs. about 38 lacs.
In the above case turnover would be considered at Rs. 46 lacs (total of bill issued)
or
38 lacs (total of amount received)

Please clarify.

07 July 2013 Turnover will be actual billed value Rs.46 lacs


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