Total turnover/gross receipts
This query is : Resolved
Dinesh Mertiya
(Querist)
10 August 2013
A assessee is a distributor of BSNL. He purchased e-balance i.e. Topup of Rs 1000000/ and distributed Rs 1000000/- to retailers as required.BSNL gave him Rs 200000 as Commission for doing work as agent.
my question is , he want to file return for a.y 2013-14.
Rs 200000/ Should be consider as income for filing return. or
Rs 1000000/- (distributed to retailer) will considere as gross turnover and 8% of turnover i.e. profit declaration is necessary.
Thanking You
my question is , he want to file return for a.y 2013-14.
Rs 200000/ Should be consider as income for filing return. or
Rs 1000000/- (distributed to retailer) will considere as gross turnover and 8% of turnover i.e. profit declaration is necessary.
Thanking You
10 August 2013
u need to check gross income or gross turnover or gross receipts for sec 44AD invoking.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- ARCA LOGIN
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
