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Turn over include other income also

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Querist : Anonymous (Querist)
15 June 2014 whether turnover include other indirect income for tax audit purpose .E.G income from interest etc
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 June 2014 income from interest (as long as you are not into lending business), dividends and capital gains (as long as you are not into share trading) do not form part of turnover.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 June 2014 in simple words those who are dealers in shares need to include it.
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