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Turnover U/S 44 AB of the income tax Act

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(Querist)
10 November 2008 Whether service tax collected forms part of turnover for the purpose of the limit of turnover U/S 44 AB of the income-tax Act, 1961.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
10 November 2008 Yes.
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Ravikumar.G

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Ravikumar.G (Expert)
18 November 2008 Yes. Turnover means Gross receipts.
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