Airtel distributer tornover define

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2017 Namaste All Experts...

Sir A Client airtel distributer his turnover means this commission ..........? 2. Total cash recipts from retilor ...?
Turnover liable for tax and audit.?

or

He cash deposit in current account
notice received for cash transation 2016

what ward filling in responce & Remark Box.

Plz Help Me.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 March 2017 His turnover means his commission which is liable for tax and audit.
Reply B6 cash received from unidentifiable persons-Air tel distributor.

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Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2017 thank you so much respect your replay
but sir cash deposit into bank this turnover Lumsum 2.5 Cr. So Any Issue by IT Department. ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 March 2017 Out of this how much you remitted to Air tel/

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2017 Cash Recived from Airtel Retiler Against Recharge & Top up Sale , this cash depost to Distributer current account & this amount Transfer to Airtel Company.
Amount of Commission Received @ 1.25%

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 March 2017 Have the details and reply as above you will not face any problem.

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Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2017 i mean : "x" person is a Distributer of Airtel Company.
Mr. "X" Purchase Mobile Recharge & Top up Recharge Coupen From Airtel Company.
Mr. "X" Sale of Recharge & Top up Recharge Coupen to Retailer Distributer. ( "Y" Party)
& Mr. "Y" (Retailer Distributer) Sale of Recharge & Recharge Coupen to Last Custumers.

Mr. "X" Collect Cash Amount from Mr. "Y" Against Sale of Recharge.

Mr. "X" Received Cash Amount Deposit his Current Bank Account & this amount Paid to Airtel Company.

this Service Against Airtel Company Paid Commission @ 1.25% Main Distributer (Mr. X)
And @ 2.50% Commission Paid to Retailer Distributer (Mr. Y)

In this Process Mr. "X" (Main Distributer) Collect cash amount from Mr. "Y" (Retailer Distributer)
This Amount Deposit in Mr. X Current Bank account and this amount Paid to Airtel Company By Online Transfer

Q. 1. Mr. " X" Persen Turnover...........?
Q. 2 He is Liabel for Audit...........?
Q. 3 In this case Notice Received From IT Departmrnt for cash Transation Responce

all over story this case

plz soluation

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 March 2017 1 Commission received is his turnover.
2 He is liable for audit only if commission income exceeds threshold for audit.
3 Reply B4 cash received from identifiable persons(with PAN) Air tel distributor.

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