GROSS RECEIPTS FOR SEC 44AD, Income Tax

[giri gattupalli]

respected sir ,

my clint is a regular gst dealers turnover amouts to rs sale 70,00,000 out put tax 3,50,000.

please discusse gross what are the gross receipts for a AY 2020-21 under sec 44AD,whether it is 70 lakss or total amount inclusive tax rs 73,50,000 please discuss

thanking you

Posts / Replies

[giri gattupalli]

respected sir

please discuss

thanking you

[giri gattupalli]

respected sir

please discuss above querry

thankibg you

[Guravaiah Manam]

Gross Receipts means total value includes all taxes and without any deductions.

So Gross Receipts is ₹ 73,50,000/-