What Does "Turnover Of A Company" Refers To In General? Eg: When Suppose In Any Definition It Says That If Company Turnover Is More Than 1 Crore Then It Should Be Taxed

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Anonymous Profile
Anonymous answered
Turnover = total income of a comp;any in a given period
Gross Profit= profit made on product before you take out expenses and taxes
Net Profit= profit that you take home after paying taxes and expenses
Janani anandan Profile
Janani anandan answered
Turn over is the total sales of the companies product .
The profit would be noticed only after that. Net profit is what you get after all the expenditures and taxes.
Anonymous Profile
Anonymous answered
Turnover of a company means the sales made by the company during a financial year.

Tarun kumar
Anonymous Profile
Anonymous answered
The company who get total income from their business  actives accept other incomes like interest on fd's and other incomes from out side sources is called as turnover
Anonymous Profile
Anonymous answered
IT Software Industry in India
IT software industry has witnessed phenomenal growth in the last decade. During the decade 1990-2000 the software industry in India grew from US $ 150 million to US $ 5.7 billion. Satyam, Infosys, Wipro and TCS are some of the leading Indian software IT companies.

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