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Declaration of Turnover, Income Tax

Issue Id: - 110509
Dated: 13-6-2016
By:- frankling g

Declaration of Turnover


  • Contents

If I spends half portion of my total turnover for diesel like expenses ,can I show the rest half as my turnover while income tax filing( proprietor small scale) .if i do so what are the other parameters that i should arrange/take care to substantiate this

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 13-6-2016
By:- Ganeshan Kalyani

Sir the expenses related to business is eligible for deduction .


2 Dated: 14-11-2016
By:- MARIAPPAN GOVINDARAJAN

What is your turnover? 50% of the turnover is shown as expenses. What is the treatment given by you for the rest of 50% turnover?


Page: 1

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