Sec 44ad

25 June 2018

WHAT IS THE DEFINITION OF GROSS RECEIPTS UNDER SEC 44AD. DOES THE SALES TAX AND GST RECEIVED FROM CUSTOMERS ARE INCLUDED IN GROSS RECEIPTS.

Reply
Follow
Share

2 Replies

Shakir Ravjani (Student) (192 Points)
Replied 25 June 2018

Gross receipts means the amount of sales made during the year which does not include any type of tax collected from customers

1 Like

RAJA P M ("Do the Right Thing...!!!") (127700 Points)
Replied 25 June 2018

Originally posted by : Sanjeel Sonigra
	WHAT IS THE DEFINITION OF GROSS RECEIPTS UNDER SEC 44AD. DOES THE SALES TAX AND GST RECEIVED FROM CUSTOMERS ARE INCLUDED IN GROSS RECEIPTS.

U/s 44AD the Gross receipts / Income will be calculate with Sales Tax and GST Tax...

Start a New Discussion