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Calculation of Turnover

This query is : Resolved 
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(Querist)
04 May 2020 The Mobile Recharge agent pays Rs.1000 and get balance of Rs.1050.
What will be the turnover for Income Tax Return :
1. Rs 1050 or
2. Commission Rs.50 (1050-1000)
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
04 May 2020 Income Tax only needs to be given on one's Income and deduct all eligible expenses. Here in your case. Income Tax Return will show a Income of Rs. 50.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 May 2020 Commission of 50 will be turnover for income tax return.
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