respected all
please guide me regarding below doubt
that
whether discount and sales promotion income received to person has agency business. whether these would be added to turnover or disclose as income from other source. on these gst not levied its just financial note received from seller.
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Discount or sales promotion income
Replies (4)
Discount received is not a part of turnover , please confirm with others also.
As per sec 28 Any gift, benefit, perquisite arising due to business or profession should be taxable under head PGBP
Soo it's should shown in PGBP not In other source
Soo it's should shown in PGBP not In other source
I am taking about GST turnover .
But what if i file return under sec. 44AD then how to show that income ..?
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