TaxTMI 
TaxTMI 
Turnover reflection in ITR
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....urnover reflection in ITR<br> Query (Issue) Started By: - CHANDRASEKHAR Akula Dated:- 24-8-2009 Last Reply Date:- 25-8-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>I have a proprietory concern whic....
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....h runs wine trading under 2 licences as per AP Government rules. Both the shops are covered under Tax audit for the current year. Now my question is how to reflect the turnover in ITR. Is the total tu....
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....rnover (Both the shops putting togerther) to be reflected? If the case is so, the return on line do not match with the turnovers of the independent shops once they are covered in to assessement under ....
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....Sec 143. Can any one through some light onver this. Reply By Dinesh Gupta: The Reply: Income Tax Return is filing by an assessee considering his all source of income at once. He can not submit his r....
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....eturn for separate source of income separately. Therefore, you have no option but to submit your ITR by aggregating your turnover of both the shops. If the turnover of the individual shop is different....
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.... from the total turnover, you may ask your Auditor to reconcile the same to find out the reason for difference to remove such difference. If you have already filed the return and case is selected for ....
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....scrutiny u/s 143, you may submit the details of the turnover with reasons therefore.<br> Discussion Forum - Knowledge Sharing ....