https://www.taxtmi.com/acts?id=43267 Turnover or income for Section 27 purposes comprises value of sales and other operating revenue per audited financial statements, excluding other income, indirect taxes, trade discounts and intragroup sales; if consolidation is required, audited consolidated statements govern; lacking audited statements, certification by a statutory auditor or Chartered Accountant plus an authorised affidavit will determine turnover; foreign currency figures must be converted to Indian Rupees using the Reserve Bank of India average reference rates for the relevant year, certified by a Chartered Accountant and supported by an affidavit. en-us Mon, 11 Mar 2024 17:04:01 +0530 Mon, 11 Mar 2024 17:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43267 Turnover or income for Section 27 purposes comprises value of sales and other operating revenue per audited financial statements, excluding other income, indirect taxes, trade discounts and intragroup sales; if consolidation is required, audited consolidated statements govern; lacking audited statements, certification by a statutory auditor or Chartered Accountant plus an authorised affidavit will determine turnover; foreign currency figures must be converted to Indian Rupees using the Reserve Bank of India average reference rates for the relevant year, certified by a Chartered Accountant and supported by an affidavit. Act-Rules Law of Competition Mon, 11 Mar 2024 17:04:01 +0530 https://www.taxtmi.com/acts?id=43267