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Accountancy Forum The Profession Tax v
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what is turn over tax?

 
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what is turn over tax?
awtunio
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#1
08-23-2011, 07:07 PM
dear all
i want to that what is turnover tax and how much percentage of it and on which class of business the turnover tax is applicable?
regards
abdul waheed
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#2
09-06-2011, 08:10 PM
I guess, with respect to income tax, the term "turnover tax" would have been used in connection with the tax imposed by Ss.113, 113A & 113B. You may read these sections to find out the rates and turnover limits.
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