Query regarding Form 23ACA

This query is : Resolved 

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09 November 2009 ABC Private Limited is doing consultancy services.

As per P & L, the company has following income :

Consultancy Fees : 100000
Reimbursement of conveyance expenses : 25000

Interest from bank deposits : 15000

Is it appropriate, if I mention in the field Turnover as '125000' under the heading - III. Turnover details of three principal products or services of the company (as per monetary terms) ?

Experts may confirm, if possible.


10 November 2009 Sir,The services being consultancy, only Rs. 1,00,000/- need to be shown.

10 November 2009 agree with suggestion, rest 25000 and 15000 will be shown as other income.


Regards




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