Clarification for Mobile Recharge
This query is : Resolved
SHAH KAMAL MANHARBHAI
(Querist)
08 February 2010
I have one client who is doing business of mobile recharge as a Distributor.
He purcheses recharge from co. & give to Retailors for that he will get commission from the company.
My Que. is that wheather this Pur & sale of Recharge is consider for Turnover or not.
He purcheses recharge from co. & give to Retailors for that he will get commission from the company.
My Que. is that wheather this Pur & sale of Recharge is consider for Turnover or not.
RAJESH SHUKLA
(Expert)
08 February 2010
no, his basic income is sale on income
CA Amit Kumar Hallen
(Expert)
08 February 2010
Mr Shah
The above transaction is purchase & sale. Example Suppose you are the distributor and you pay Rs 5000/- to Airtel Co than they will give you a balance of Rs 5400/- and when your retailer gives you 5000/- than you will recharge his mobile with Rs 5300/-. So this indictaes that this is purchase & sale and not commission
The above transaction is purchase & sale. Example Suppose you are the distributor and you pay Rs 5000/- to Airtel Co than they will give you a balance of Rs 5400/- and when your retailer gives you 5000/- than you will recharge his mobile with Rs 5300/-. So this indictaes that this is purchase & sale and not commission
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