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TRAVEL AGENT ACCOUNTING TREATMENT AS PER INCOME TAX LAW

This query is : Resolved 
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(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 )


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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 January 2023 The sales is only commission income received, being agent.
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