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 ?
please send reply
no
turnover will include only PGBP inflows... but i m not very sure.. please check from some where
no
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