Composition scheme

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16 Points Posted on 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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On 22 December 2019 at 11:55 Report
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"Do the Right Thing...!!!"
128162 Points Posted on 24 December 2019
Interest Income... loan?

Are You give loan against interest...?
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On 24 December 2019 at 12:42
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16 Points Posted on 24 December 2019
Yes,we give loan(ancillary business) against interest apart of our principal business (sale of mobile ph.)
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On 24 December 2019 at 12:44
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"Do the Right Thing...!!!"
128162 Points Posted on 24 December 2019
Yes... Then it will be added to Your turn over calculation if the business in same PAN...
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On 24 December 2019 at 12:47

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