Treatment of commssion received by agent on sale of sim card
This query is : Resolved
06 September 2012
Hi,
I got a this while discussing with my friends while discussing about 194H.
The argument is sales made by sim card distributor..
Whether we should consider only commission as income (say 30% out of sim card sale value)
or
we should consider the total value of sim Card as sales made by the distributor.. for example: the total sale value exceeds the tax audit limit.... like he sold 2lac simcards...
let me
I got a this while discussing with my friends while discussing about 194H.
The argument is sales made by sim card distributor..
Whether we should consider only commission as income (say 30% out of sim card sale value)
or
we should consider the total value of sim Card as sales made by the distributor.. for example: the total sale value exceeds the tax audit limit.... like he sold 2lac simcards...
let me
Praveen Kumar Rathi
(Expert)
08 September 2012
yes the audit will be compulsory if the billing is done by distributor.
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