mobile recharge business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2011
a person is selling mobile recharge vouchers through paper voucher and by mobile e recharge.
his gross recharge turnover is Rs 70 lakhs but his commission is only 3 % on it . ie. Rs. 2.10 lakhs only
Whether he will be liable for tax audit ?
his gross recharge turnover is Rs 70 lakhs but his commission is only 3 % on it . ie. Rs. 2.10 lakhs only
Whether he will be liable for tax audit ?
28 June 2011
Yes because the tax audit is for gross turnover.
28 June 2011
Yes he is liable for tax audit
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