TRAVEL AGENT ACCOUNTING TREATMENT AS PER INCOME TAX LAW
This query is : Resolved
maksad rajani
(Querist)
19 January 2023
DEAR SIR
MY CLIENT IS AN TRAVEL AGENT ( SAY X ) PAID A AMOUNT TO TRAVEL AGENCY ( LIKE .: VIA ) ( SAY Y ) AND GET BALANCE IN HIS LOGIN ID AND ISSUED A TICKET TO CUSTOMER ( SAY Z).
ON ABOVE TREATMENT
Y IS PAID A COMMISSION FOR ISSUED A TICKETS TO X.
Z IS PAID WHOLE TICKETS AMOUNT TO X.
1. WHAT IS SALES ? (COMMISSION INCOME RECEIVED FROM AGENCY OR WHOLE AMT RECEIVED FROM CUSTOMER )
MY CLIENT IS AN TRAVEL AGENT ( SAY X ) PAID A AMOUNT TO TRAVEL AGENCY ( LIKE .: VIA ) ( SAY Y ) AND GET BALANCE IN HIS LOGIN ID AND ISSUED A TICKET TO CUSTOMER ( SAY Z).
ON ABOVE TREATMENT
Y IS PAID A COMMISSION FOR ISSUED A TICKETS TO X.
Z IS PAID WHOLE TICKETS AMOUNT TO X.
1. WHAT IS SALES ? (COMMISSION INCOME RECEIVED FROM AGENCY OR WHOLE AMT RECEIVED FROM CUSTOMER )
CA R SEETHARAMAN
(Expert)
20 January 2023
The sales is only commission income received, being agent.
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