Difference between turnover and gross receipts

csamuktha (Chartered Accountant) (118 Points)

08 September 2011  

can anyone tell me the difference between Sales, total turnover and Gross receipts under income  tax act

What do u mean by total turnover under section 10A, 10B and 10AA  and what is included in calculating the limit of 60laksh under section 44AD only sales or turnover or gross receipts please guide