What is the Gross Receipt?

Tax queries 1591 views 17 replies

GROSS RECEIPTS MEAN AMOUNT RECEIVED FROM SALE OF MILK PACKETS, NOT MARGIN AMOUNT.

Replies (17)

GROSS RECEIPTS MEAN AMOUNT RECEIVED FROM SALE OF MILK PACKETS, NOT MARGIN AMOUNT.

I this case Gross Receipts is the income received from the sale of Milk packets.. 

I this case Gross Receipts is the income received from the sale of Milk packets..  so here income received from the sale of milk packets to be taken as gross receipts


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