Deputy Finance Manager
1136 Points
Joined May 2013
| Originally posted by : Khushboo Jain |
 |
should I include rental income in aggregate turnover or turnover showing in sales account in P&L |
 |
“Aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.
yes rental income include if rent received from commercial property