alleryStart learning →Is other income counted when testing the SMC turnover limit of Rs 250 crore?
ANo, it is excluded
BYes, it is included
CYes, if over 10 percent
DOnly if it is audited
Answer & Solution
Correct answer: A. No, it is excluded
Turnover for the SMC test is stated as excluding other income, so a Rs 220 crore sale base stays within the limit.
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