R Hiremath (articleship) (159 Points)
08 October 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 08 October 2021
https://carajput.com/learn/different-meaning-of-turnover-in-income-tax-act-companies-act-and-gst.H T M L
Yes. If it is business income, it forms part of turnover
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 09 October 2021
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 10 October 2021
as per section 28 of IT Act 1961 any interest, salary, bonus, commission , or any amount due to or received by a partnner from a firm is taxable under as your business income. hence includable in tax audit limit u/s 44AB
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