Determination of turnover

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....etermination of turnover<br> Query (Issue) Started By: - Basavaraj S Dated:- 11-12-2010 Last Reply Date:- 12-12-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>How to determine turnover in case of an ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....advertising agency? The question is whther it is gross amount received or only the commission portion for the purpose of determining turnover? Reply By CA Rachit Agarwal: The Reply: Value on which the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... tax is calculated, should be taken as the value for the turnover purpose. If the tax is charged on the commission only, then for the purpose of Service Tax, gross value of commission on the tax is pa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....yable should be taken as the value for the purpose of turnover.<br> Discussion Forum - Knowledge Sharing ....