Tax audit u/s 44ab
This query is : Resolved
08 September 2011
Sir/Madam,
What does the mean of Total Sales, Turnover or Gross Receipt?
Is it includes VAT Output or CST?
What does the mean of Total Sales, Turnover or Gross Receipt?
Is it includes VAT Output or CST?
08 September 2011
Mercantile system, accrual concept is applied for total sales, gross receipt is not applicable. Turnover does not include Tax recoverable part.
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