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Business income for travel agent

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Tenzin Youngdu Sharling

Tenzin Youngdu Sharling (Querist)
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01 March 2019 Hi Experts,

on what criteria travels agent business pay tax?Airline booking, Train, Bus etc... turnover should it be only on commission earned? And upto what limit tax filing is not required? any other useful idea related to it for agent.

Thank you

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 March 2019 Turnover should be on commission earned. Upto 2.50 Lacs profit earned after expenses deducted from commission tax filing not required.

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Tenzin Youngdu Sharling

Tenzin Youngdu Sharling (Querist)
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04 March 2019 So i can do zero filing. Preparing of PL and Balance sheet is required compulsory for turnover around 0 - 1.5 lakh?

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