Turn over include other income also
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2014
whether turnover include other indirect income for tax audit purpose .E.G income from interest etc
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.
15 June 2014
in simple words those who are dealers in shares need to include it.
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