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44AD presumptive calculation

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Student
844 Points Posted on 17 June 2020
44AD "turnover" include gst or not?
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On 17 June 2020 at 11:31 Report
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3924 Points Posted on 17 June 2020
No definition of Turnover in Income Tax act 1961 like in GST act
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On 17 June 2020 at 12:06
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Student
844 Points Posted on 17 June 2020
That means regular scheme or compostion scheme of GST is included for calculating the presumptive income?
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On 17 June 2020 at 12:08
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12244 Points Posted on 17 June 2020
Excluding gst ..
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On 17 June 2020 at 13:10
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CFO- at NHTF
58280 Points Posted on 20 June 2020
GST is a liability to be paid to govt and it is a balance sheet figure.

Turnover doesn't include the GST
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On 20 June 2020 at 08:33


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