Comment on Taxation Simplified

Nithin Kamath commented on 11 Oct 2013, 09:00 AM

As I had mentioned earlier Abrar, this entire calculation of turnover is pretty tricky as there is no guideline from the IT officials, my advise would be to consult a CA, but in the example I’d consider the net settlement profit of the contract which is Rs 500 as the turnover.

Cheers,

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