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Turnover for the purpose of income tax filing


28 August 2018 Dear Sir,
for the purpose of filing the income tax return u/s 44AD or 44ADA , the turnover is whether inclusive of GST or exclusive of GST ? kindly advise.

28 August 2018 Turnover is considered exclusive of GST

28 August 2018 If filed under presumptive taxation scheme then Turn Over will be calculate including with Taxes (VAT & GST). If filed u/s 44AA then Only we can calculate Turn Over in Basic Value of Sales h Services...


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