Turnover U/S 44 AB of the income tax Act


This query is : Resolved 

(Querist)
10 November 2008 Whether service tax collected forms part of turnover for the purpose of the limit of turnover U/S 44 AB of the income-tax Act, 1961.

10 November 2008 Yes.

Ravikumar.G (Expert)
18 November 2008 Yes. Turnover means Gross receipts.


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