Taxable turnover
This query is : Resolved
NAVEESH DHAR
(Querist)
13 September 2013
A businessman who is providing the Mobile recharge facility i.e. having agencies of TATA docomo, Reliance, vodafone, airtel etc. and earn commission from them. His average annual gross receipt is Rs. 65 lac and commission is 3% = 1.95 lac What will be the taxable turnover counted for income tax return i.e. amount received from customer or only commission, which directly transferred by company to businessman?
Please reply its urgent..
Please reply its urgent..
G.SARAVANA KANNAN
(Expert)
13 September 2013
Only commission is taxable in the hands of that businessman.
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