Menu
Tax audit
Dear Experts,
please tell
What is the meaning of Turnover for Tax Audit?
Does it include only Operating income or other incomes like commision,interest n other kind of income?
Replies (5)
turnover includes only business sales.
It includes only turnover of business... If commission earned is part of u r business then even such income should be considered
Bt i have also read that commision receive regarding business is also a part of turnover..
kindly provide some logic or link where it ia clearly mentioned.
Regards
Agreed with Parveen.
Is there any exhausitive list of Items to be included in the meaning of Turnover to decide whether Tax Audit will b applicable or not?????
https://www.simpletaxindia.net/2012/02/audit-44ab-turnover-sales-gross-receipt.html?m=1 ... this might help you.
Recent Threads
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
Related Threads
CAclubindia
