Accounting rules in franchaise business


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Querist : Anonymous

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Querist : Anonymous (Querist)
24 March 2018 If someone has revenue sharing mechanism with franchisor of 50:50. Then please suggest how much turnover franchisee will show while filing IT return. Will he show only 50% of revenue as his turnover or entire 100%.

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Expert : Anonymous

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Expert : Anonymous (Expert)
25 March 2018 Will be shown the Whole amount of 100%

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2018 It means franchaise will show 100 % turnover and will show 50% of turnover as franchaisor fee?

26 March 2018 Yes.... You are Correct....

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 March 2018 Thanks for the reply

27 March 2018 You are Most welcome...


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