Income Tax Presumptive Scheme

ITR under Presumptive Taxation, Turnover to be shown including GST right
Replies (4)
Quick Summary
This discussion clarifies how to report turnover under the Presumptive Taxation Scheme for Income Tax Returns. Participants agree that turnover should only include the taxable value and exclude any GST component. This ensures accurate reporting for tax purposes.

No sir, turnover means only taxable value
No...
Turnover always excludes tax portion
Yes i agree with mukurjee

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