How to calculate income of a mother dairy concessionaires


This query is : Resolved 

Quick Summary
This discussion explores how Mother Dairy booth operators can calculate their income. Key questions revolve around accounting for sales and purchases based on invoices, as TDS isn't deducted by Mother Dairy. The conversation also touches upon how to treat stock as of March 31st and whether income should be classified under 'Other Sources' or 'Profits and Gains from Business or Profession' (PGBP).

27 March 2020 Can anybody suggest me how to calculate income of a mother dairy concessionaires (booth operator) because there is no tds liability on mother dairy to deduct from income shown as discount on invoices raised to booth operators. If any body have a format please send me... or i just show sale & purchase according to invoices of mother dairy because not a single asset belongs to booth operator. Under which head the income should be shown "Other source/PGBP" What to do about the stock of amterials as on 31st March.




25 May 2020 https://www.caclubindia.com/experts/mother-dairy-concessionaires-income-calculation-497785.asp

28 May 2020 THANKS FOR REPLY BUT THIS INFORMATION NOT RELEVANT FOR ME......


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