Query regarding nature of income.

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CA Sarita Rathore (Querist)
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14 June 2014 What is the nature of Income of Distributorship from Dish Tv...TDS Deducted on incentives recd...the chain is like assesse paid to Dish Tv Rs.100000 then he get balance of Rs.104000 and then he distribute it to the Retailors...atlast he retain 0.50% of total transaction or T.O.....In a year his total transaction of Rs.90,00000...how to treat that...either consider the whole 90,00000 as turnover or treat only as agent....reply urgently

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 June 2014 its commission income taxable under business head

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CA Sarita Rathore

CA Sarita Rathore (Querist)
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16 June 2014 Are you sure because some of practicing CA's taken the whole amount as turnover...can you refer any section or law regarding this.

CA Sarita Rathore

CA Sarita Rathore (Querist)
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16 June 2014 Are you sure because some of practicing CA's taken the whole amount as turnover...can you refer any section or law regarding this.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 June 2014 yes as it was decided few years ago in case of a distributor.

CA Sarita Rathore

CA Sarita Rathore (Querist)
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16 June 2014 Yes...i think u r right...

Thank You.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 June 2014 you are welcome sarita.

CA Sarita Rathore

CA Sarita Rathore (Querist)
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27 June 2014 But the 90 lacs has been showing in his Bank A/c..we can't skip it, We have to show it.

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