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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2013 Dear Sir,
One of the assessee whose bill book total in fy 2012-13 is Rs. 46 lacs, however cheques collected of payments in bank a/c are Rs. about 38 lacs.
In the above case turnover would be considered at Rs. 46 lacs (total of bill issued)
or
38 lacs (total of amount received)

Please clarify.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 July 2013 Turnover will be actual billed value Rs.46 lacs

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