14 October 2009
Query Regarding mention of Turnover in Form 23ACA - Page 3
A is a private company doing the business of commission agency.
The company has no business for FYE 31.03.09 and hence, no income out of his 'commission agency' business.
However, the company has earned interest income out of its Fixed Deposits with bank say Rs.12000/-.
Whether in Form 23ACA - Page 3 - III. Turnover details - Should we mention Rs.12000/- in the 'Turnover' field. Is it appropriate putting this amount here, when there is no actual business and income from business.
CAclubindia
