gross receipts for sec 44ad

[giri gattupalli]

respected sir,

whether gross receipts under SEC 44AD includes gst colled on sales or not .please discuss.

AI Summary

Gross Receipts Under Section 44AD of Income Tax Act Exclude GST, Clarifies Recent Query Response The discussion addresses whether gross receipts under Section 44AD of the Income Tax Act include GST collected on sales. The query was initiated on December 14, 2020, and received a response by December 28, 2020. The response clarifies that the turnover amount should exclude any taxes, including GST.