'Turnover', 'Gross Receipts' and 'Sales' are the buzzwords during this Tax Audit season. Incidentally, they are the very starting point of a Tax Audit. They form the qualifying criteria, determine whether a taxpayer is liable to tax audit during a given year.
source https://www.caclubindia.com/articles/concept-meaning-of-turnover-in-tax-audit-45829.asp
source https://www.caclubindia.com/articles/concept-meaning-of-turnover-in-tax-audit-45829.asp
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