What is turnover when we file it return u/s 44ad
This query is : Resolved
YELLANKI RATHNAGIRI
(Querist)
25 August 2019
What is turnover when we file it return u/s 44AD
Turnover= Taxable Value + GST
OR
Turnover=Taxable Value
Turnover= Taxable Value + GST
OR
Turnover=Taxable Value
CA R SEETHARAMAN
(Expert)
25 August 2019
Turnover is taxable value if GSTis not passed through P and L.
Message likes :
1 times
YELLANKI RATHNAGIRI
(Querist)
25 August 2019
Thank you Sir
I have another doubt
Only Taxable Turnover is 90,00,000 (Excluding GST)
In 44AD there are2 options one is 8% in cash second one is 6% in other than cash
I received through Account 80,00,000 but it is including GST
Now how to file IT Return U/s 44ad
I have another doubt
Only Taxable Turnover is 90,00,000 (Excluding GST)
In 44AD there are2 options one is 8% in cash second one is 6% in other than cash
I received through Account 80,00,000 but it is including GST
Now how to file IT Return U/s 44ad
CA R SEETHARAMAN
(Expert)
26 August 2019
Exclude GST and calculate profit
Message likes :
2 times
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Visiting card purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
