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Tax audit
Dear Experts,
please tell
What is the meaning of Turnover for Tax Audit?
Does it include only Operating income or other incomes like commision,interest n other kind of income?
Replies (5)
turnover includes only business sales.
It includes only turnover of business... If commission earned is part of u r business then even such income should be considered
Bt i have also read that commision receive regarding business is also a part of turnover..
kindly provide some logic or link where it ia clearly mentioned.
Regards
Agreed with Parveen.
Is there any exhausitive list of Items to be included in the meaning of Turnover to decide whether Tax Audit will b applicable or not?????
https://www.simpletaxindia.net/2012/02/audit-44ab-turnover-sales-gross-receipt.html?m=1 ... this might help you.
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