04 August 2015
Business - Travel Agency What should be considered as turnover? Whether the commission received on which party have deducted the TDS or the Tickets Sold for the Tax Audit purpose.
For TDS done by the payers, you can simply assume the accordingly as per the section under which the TDS is done.
For those tickets, where the assessee has received the money from the client and in due course paid to IATA member (Travel company), the turnover is the amount of tickets.
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