Turnover to be covered u/s 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2017 Dear sir,
is turnover u/s 44AD covers other direct incomes present in P&L A/c in addition to Sales?/

Thank you in advance.

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
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28 April 2017 Turnover includes anything which is part and partial of your sales. For example Income From After Sales Services, Discount Received in purchase etc. Illustrative items which is not include in turnover are fd interest, saving bank int, gift received. In short income from source other than PGBP.