Section 44ad
This query is : Resolved
15 July 2013
Sir under section 44AD presumptive taxation @8% on Gross Turnover...what is the meaning of Gross Turnover does it include Tax also for eg VAT/Service Tax charged by the Assesses?
Thank you in Advance.
Thank you in Advance.
Anil Sankar V
(Expert)
15 July 2013
it does not include, because these can be set off(only if claimed).if not claimed shall be included gross turn over.
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