Section 44ad
This query is : Resolved
15 July 2013
Sir under section 44AD presumptive taxation @8% on Gross Turnover...what is the meaning of Gross Turnover does it include Tax also for eg VAT/Service Tax charged by the Assesses?
Thank you in Advance.
Thank you in Advance.
15 July 2013
it does not include, because these can be set off(only if claimed).if not claimed shall be included gross turn over.
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