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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Composition scheme
Replies (3)
Interest Income... loan?
Are You give loan against interest...?
Are You give loan against interest...?
Yes,we give loan(ancillary business) against interest apart of our principal business (sale of mobile ph.)
Yes... Then it will be added to Your turn over calculation if the business in same PAN...
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