If an assessee is engaged both in retail/wholesale and also providing services. Then what should be the meaning of "Turnover" in calculating the ratios in the form 3CD, especially ration of Stock-in-Trade/Turnover.
Please guide.
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Turnover in case of both sales and services
Replies (3)
Interesting question.
Thats bring me to a q. How stock turnover is is calculated in case of "Service" entity.
yes.Judicially decided that turnover wil include receipts
Dear Abhishek,
I think STR will be calculated taking into consideration of receipts of Services.
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