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  3. Sir, Whether creditors written back or/and excess provison added is part of Turnover or Gross Receipts
Questions › Category: CA-Final Tax Audit › Sir, Whether creditors written back or/and excess provison added is part of Turnover or Gross Receipts
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Manpreet SinghManpreet Singh asked 5 years ago
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RaviRavi Staff answered 5 years ago

yes it will be included in turnover gross receipts 
following is clarified by ICAI
Write back of amounts payable to creditors and/or provisions for expenses or taxes no longer required.