turnover

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A  service company collects  deposits form the appartment owners , who is rendering services to the appartments. The same deposits money gives to the other company as a unsecured lone at the rate of  18% intrest. The intrest income for the financial year is 4 crores. whether the intrest income is part of turnover for the said company? are not ? 

 

 

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Replies (4)

no

turnover will include only PGBP inflows... but i m not very sure.. please check from some where

no

NO

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