Dear experts one of my client have 3 saving account and total transaction approx 45Lac.His work is construction and No GST registered how much turnover show in ITR U/s 44AD
please suggest me
2 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 26 July 2019
if the 46 lakhs is generated from its construction business then need to show full amount as receipt during the year and if not like some amount received is in nature of loan or gift then don't consider that in your turnover.
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