To, All,
What constitutes "TURNOVER" u/s 44AB of ITA, 1961 for construction business which recoz sales only when the possn is handed over to the customer.
Menu
44AB Turnover
Replies (2)
Hello,
Sales/turnover is as per acounitng policy for revenue recognition . See Accounting Standard on revenue recognition for this purpose.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
