Menu
Tax audit is based on
turnover is considered as a income tax audit is net or gross
Replies (1)
Turnover or income is always considered in gross value and not in net value...net value includes gross value-deductions and these deductions are considered as a pert of your income. For eg: u receive rs. 10000 as gross receipt & 1000 is deducted TDS and u received Rs. 9000/-, so here 10000/- will be considered as your income not 9000/-
Recent Topics :
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
Related Topics :
CAclubindia
