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Definition of Annual Turnover for the purpose of MSME Eligibility

Others 380 views 1 replies

Dear Sir / Madam,

In the statement of profit and loss account, under the Income, there are two heads - Revenue from Operations and Other Income.

Please clarify

whether we should consider both, Revenue from Operations  and Other Income, for the determining eligibility to get registration as MSME.

Or

whether we should consider only Revenue from Operations  for the determining eligibility to get registration as MSME.

Thanks

 

Replies (1)

Generally, its only Revenue from operation of business activity; unless the other income is any way related to any business activity.


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