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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2012 Dear Sir/madam

As per Section 44AD, Gross sales turnover includes Sales incentives also? if yes then the 8per cent calculation has to be done including sales incentives?


Thanks in adavance
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Guest

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Guest (Expert)
01 March 2012 Normally sales incentives are included in turnover. And as such they will included in turnover.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 October 2021 Yes, 8% margin should be over turnover inclusive of sales incentives..
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