Turnover computation for tax audit
This query is : Resolved
23 September 2013
Whether sale of old used bags as scrap by invoice in steel sector co. be treated as part of turnover of the co. for the purpose of sec 44ad???what will be its accounting treatment???
23 September 2013
to be considered as other income........not to be considered as part on turnover...entry will be:-
Bank/Cash A/c Dr...........
To Sale of Scrap.................
Bank/Cash A/c Dr...........
To Sale of Scrap.................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Regarding Appointment of auditor in case of casual vacancy
- GST- DRC 03 RCM Liability
- Conversion of Proprietorship Firm to Partnership Firm
- Validity of form 15 G and 15 H on Interest on fixed deposit
- Query on managerial remuneration u/s 197 of CA 2013
- GSTR 1- Amend Credit Note
- Updated return filing
- Supply to unit situated in SEZ
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Additional income for updated return
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
