Total turnover/gross receipts

This query is : Resolved

Dinesh Mertiya (Querist)
Follow

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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Swarna Gurumurthy

manojkumarkk

ACCFIN SOLUTIONS

shanmukha sai

R NATARAJAN

Subscribe Now

Total turnover/gross receipts

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Accountant

GST CONSULTANCY

CA Final

GST CONSULTANT

Manager- Finance and Compliance