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of <h1>Turnover Calculation for Enterprises Includes Sales and Operating Revenue Under Section 27, Excludes Taxes and Discounts.</h1> Turnover or income for enterprises under Section 27 of the Act includes sales value and other operating revenue as per audited financial statements, excluding other income, indirect taxes, trade discounts, and intragroup sales. If consolidated financial statements are required, turnover is based on those. Without audited statements, turnover is certified by a statutory auditor or Chartered Accountant and supported by an affidavit. For non-Indian Rupee maintenance, turnover is converted using the Reserve Bank of India's average foreign currency rates, certified by a Chartered Accountant and supported by an affidavit.
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