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definition of Turnover

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(Querist)
04 August 2010 dear sirs
i have a doubt on the definition of turnover under Income Tax Act 1961. i heard that turnover includes both purchase & sales ? i want to know the correct answer of the definition
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
04 August 2010 also discussed here
https://www.caclubindia.com/experts/urgent-sec-44ab-abount-turnover--447100.asp

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