Turnover
This query is : Open
29 August 2020
SIR ,
I have GST Turnover of 678,000/- for the FY 2019-2020 of contracts.
But In Form 26 AS, Amount credited is 12,00,000/- u/s 194C
Which one to show as turnover in Income tax return .
I have GST Turnover of 678,000/- for the FY 2019-2020 of contracts.
But In Form 26 AS, Amount credited is 12,00,000/- u/s 194C
Which one to show as turnover in Income tax return .
29 August 2020
12,00,000 if it is correct.
30 August 2020
You need to show the actual net turnover as per books of accounts as Form 26AS may show higher turnover as these are not accounted for purchase returns.
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