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Income Tax


09 December 2008 What is the difference between sales and turnover?

10 December 2008 Very often these two will be used as synonyms. However, in general terminology, sale is a pure figure of sales of a company whereas in case of Turnover this includes other income as well. And as we know the other income is very often a minimal to the sales figure, it became a practice to use both terms as synonyms.



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