banner_ad

Sec 44AD

This query is : Open 
Profile Image

Profile Image

(Querist)
23 June 2016 Total Turnover for the purpose of sec 44AD is including sales tax or excluding. in trading account the sales is shown excluding sales tax. please confirm..
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
23 June 2016 Gross receipts or Turnover mean the total collections of the business. The receipts shall be inclusive of VAT & Excise Duty. The receipts shall also include delivery charges as well as receipts from sale of scrap.

Discounts given, advances received and money received on sale of assets should be excluded.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
23 June 2016 its include vat also, you are not includes vat in the sale the you have to includes.
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
23 June 2016 Gross receipt Includes Tax amount collected along with goods or services
Profile Image

VIVEK GHANASHAM JOSHI

Profile Image

VIVEK GHANASHAM JOSHI (Querist)
23 June 2016 thank you for prompt reply..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details