Clarification regarding tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2014
Whether The Transaction of Mobile Phone Currency by a dealer has to be shown as turnover or only Commission has to be accounted as the Company deducting TDS U/S 194H,whether total turnover subject to Tax Audit or Only Commission has to be accounted.
Amol S Joglekar
(Expert)
18 November 2014
Only Commission is to be accounted for.
Amol S Joglekar
(Expert)
18 November 2014
The turnover for this purpose shall be the commission amount.
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