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Jayamani Jana

Jayamani Jana

CA Inter

3K+

11-Mar-20 13:12

53

Aggregate turnover

Sir, Should we consider interest income from fixed deposit while calculating Aggregate turnover? If so, on whose aggregate turnover it should be considered? On recipient's or on bankers point of view? Please give explanation regarding this sir.

Answers (2)

Sriram Somayajula

Sriram Somayajula

Admin

13-Mar-20 18:39

Aggregate turnover includes exempt supplies also. Recipient because recipient has earned income. As per exemption list, it is exempt.

Jayamani Jana

Jayamani Jana

CA Inter

3K+

13-Mar-20 18:53

Thank u sir