What is the Gross Receipt?

Tax queries 1707 views 17 replies

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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