My taxable turnover is 22 lac i.e. exclusive of gst
and total turnover after gst is 25.96 lac i.e. after gst @ 18%
How should I calculate the income under 44AD?
Option:-
1)22 lac*8%
or
2)25.96 lac*8%
My doubt is-which option is correct option 1 or option 2?
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Presumptive taxation
Replies (5)
Quick Summary
Option 1 is correct
Calcln of turnover excl gst component
Option 1 I correct
Turnover excludes GST and hence option 1 is correct.
Ok thanks
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