My question is whether service tax is included in calculating Gross Sales for the purpose of Section 44AB? The Rs.40 lakhs limit is inclusive or exclusive of service tax?
Kindly reply
3 Replies
Ashwani Narnoli
(.)
(1843 Points)
Replied 22 September 2009
| Originally posted by :Dhruv | ||
| " | It is inclusive of Service Tax | " |
Max Payne
(employed)
(2574 Points)
Replied 22 September 2009
Yes, service tax is to be included in calculating "gross receipts."
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