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44AD presumptive calculation
44AD "turnover" include gst or not?
Replies (4)
No definition of Turnover in Income Tax act 1961 like in GST act
That means regular scheme or compostion scheme of GST is included for calculating the presumptive income?
Excluding gst ..
GST is a liability to be paid to govt and it is a balance sheet figure.
Turnover doesn't include the GST
Turnover doesn't include the GST
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