Comment on Tax loss harvesting

Nithin Kamath commented on 13 Sep 2016, 06:39 PM

Tushar, turnover has bearing only to decide if you need an audit or not. It makes no difference to how much tax you have to pay. Also the turnover reports we give is just for your reference, you don’t have to submit for filing income tax returns. There is also no set rule from the IT department on what exactly should be used as turnover, so as long as you don’t evade taxes and have a logical explanation on what you consider as turnover, you should be okay.

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