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TURNOVER/GROSS RECEIPT

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(Querist)
14 July 2009 whether the interest received from IT Department or on investments will be included in turnover for Tax Audit or IT required information?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
14 July 2009 No, it will not be considered as the same is taxable under the head other sources. Tax Audit is only for income under the head business & profession.

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