for the purpose of determining turnover in section 44AD and 44 AB . whether indirect taxes like GST vat excise etc are to be included or not..
and whether turnover of speculation business (e.g.intra day trading) is to included in turnover while determining applicability of 44AD and 44AB??
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determination of turnover for applicability of 44AD
Replies (4)
Sales Tax, excise duty, Cess, and other Levy will form part of turnover for the purpose of section 44AD.
Yes. All the taxes such as GST, CESS, ED will form part of the Turnover for the purpose of section 44AD.
give me the reason
what if any indirect tax not applicable?
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