WHAT IS THE DEFINITION OF GROSS RECEIPTS UNDER SEC 44AD. DOES THE SALES TAX AND GST RECEIVED FROM CUSTOMERS ARE INCLUDED IN GROSS RECEIPTS.
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Sec 44ad
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Gross receipts means the amount of sales made during the year which does not include any type of tax collected from customers
| Originally posted by : Sanjeel Sonigra | ||
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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...
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