Composition scheme

22 December 2019

Does interest income by way of
extending loan will be included for calculation of turnover under Composition scheme for a manufacturer??

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 24 December 2019

Interest Income... loan?

Are You give loan against interest...?

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krishna bhalotia (9 Points)
Replied 24 December 2019

Yes,we give loan(ancillary business) against interest apart of our principal business (sale of mobile ph.)

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 24 December 2019

Yes... Then it will be added to Your turn over calculation if the business in same PAN...

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