Turnover
Definition
Total gross revenue from business or professional services before deducting expenses. Used to determine GST registration, tax audit, and presumptive income eligibility.
In Context
For F&O trading, 'turnover' is calculated as absolute sum of trading profits and losses (not just revenue). Different calculation methods apply to different business types.
Related Terms
Want personalized financial guidance?
Use Kuber.AI to understand how Turnover applies to your financial plan.
Download Kuber.AI
⚠️ Disclaimer: This glossary is for educational purposes. Simplify Money provides analytical insights and guidance. We have applied for SEBI RIA registration.