Meaning of gross turnover
This query is : Resolved
26 May 2015
What is the meaning of Gross turnover as per section 44AD?
Whether excise duty, service tax, sales tax,etc. should be included in Gross Turnover?
Whether excise duty, service tax, sales tax,etc. should be included in Gross Turnover?
27 May 2015
Gross turnover means
i) Gross receipts or gross sale from business or
ii)Gross amount received by providing a services
Under the Income tax Act, 1961, gross turnover inclusive of taxes
i) Gross receipts or gross sale from business or
ii)Gross amount received by providing a services
Under the Income tax Act, 1961, gross turnover inclusive of taxes
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