I have a client whose income is as follows:
Business Income 500000.
Interest on FD (This FD is done by his father on his name) 1500000 per annum.
He also have two houses in the same state from where he receives rental income of Rs. 1000000 per annum.
He also receives dividend income on investment in shares of Rs. 500000 per annum.
please let me know which income is included in their aggregate turnover?
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Agreegate turnover under GST
Replies (1)
For GST only Business TURNOVER.... & not income.........
All the income as referred above will be taxed in Income tax act.......
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