in new circular of audit u/s 44ad
under 44 ad gross reciept or turnover given, in gross receipt interest is included or not
plz clearfy it
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 09 August 2011
Income directly earned frm activities of business is considered as Gross reciept, accordingly check wther such int is earned from business activites or not.
If yes then is included otherwise not.
CAclubindia
