Income Tax Presumptive Scheme

246 views
User Avatar

253 Points Posted on 10 October 2021
ITR under Presumptive Taxation, Turnover to be shown including GST right
0 Reply Share Follow
On 10 October 2021 at 23:07 Report
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.

User Avatar

99 Points Posted on 11 October 2021
No sir, turnover means only taxable value
Reply
On 11 October 2021 at 01:45
User Avatar

Chartered Accountant
24588 Points Posted on 11 October 2021
No...
Reply
On 11 October 2021 at 05:56
User Avatar

Profession
28271 Points Posted on 11 October 2021
Turnover always excludes tax portion
Reply
On 11 October 2021 at 10:35
User Avatar

2 Points Posted on 12 October 2021
Yes i agree with mukurjee
Reply
On 12 October 2021 at 08:54

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading