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turnover mean under section 44 AB

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(Querist)
13 March 2008 If any person sale goods on behalf of his prinicipal wheather sale proceed constitutes turnover or only C & F gross commission deemed to be his turnover
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
13 March 2008 for C&FA, comission only shall be his turnover.
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CA H M JOHARI

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CA H M JOHARI (Querist)
14 March 2008 if C & F agent making bill in his own firm name with narattion C & F agent for ABC & Buyer makes pmt. directly to Principal not to C &
F Agent
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
14 March 2008 Can you please give an illustrative case of what exactly he does?
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CA Praveen Chopra

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CA Praveen Chopra (Expert)
14 March 2008 It doesn`t make any difference.Only commission constitutes turnover
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
14 March 2008 THE CONCEPT IN INCOME TAX OF KATCHA AHARTIYA WHERE BY IT MEANS THAT ONLY COMMISSION WILL CONSTITUE FOR CONSIDERATION OF TURNOVER

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