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.
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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
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