how to show income in return
This query is : Resolved
sivasai venkatesh
(Querist)
09 January 2017
hello sir,i am a distributor of airtel recharge cards i am getting income on sales of recharge cards .company giving 2% as commision to me.my doubt is now how can i show my income in incometax return as commission or sales-purchase method.because in sales method it crossed 2crores but commision is 4 lakhs and other expenses is there so please help me how i show my income as business income or commission
10 January 2017
In this type of business you are only receiving commission on recharge made by you. Company must also be deducting your TDS on such commission. You are not making any trading or sales therefore you should show it as commission income.
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