Tax Audit Applicabilty
This query is : Resolved
19 September 2009
Dear Sir,
One of our client is distibutors for mobile prepaid vouchers & e recharge.
Telecom company raises sale bill and dedcuting the 5% discounts form the MRP. Distributors pass on 2-3% discounts to retailers.
Whether we take total sale value as turnover or we commission income.
Total turnover may be more than 4 Cr and gross income earned is about 8 lacs.
Pl advise
Pl clarify
One of our client is distibutors for mobile prepaid vouchers & e recharge.
Telecom company raises sale bill and dedcuting the 5% discounts form the MRP. Distributors pass on 2-3% discounts to retailers.
Whether we take total sale value as turnover or we commission income.
Total turnover may be more than 4 Cr and gross income earned is about 8 lacs.
Pl advise
Pl clarify
19 September 2009
u are required to take only comm as your turnover.
19 September 2009
Agree with expert.
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