Turnover for income tax return .. pls reply its urgent
This query is : Resolved
13 September 2013
A businessman who is providing the Mobile recharge facility i.e. having agencies of TATA docomo, Reliance, vodafone, airtel etc. and earn commission from them. His average annual gross receipt is Rs. 65 lac and commission is 3% = 1.95 lac What will be the taxable turnover counted for income tax return i.e. amount received from customer or only commission, which directly transferred by company to businessman?
Please reply its urgent..
Please reply its urgent..
14 September 2013
I think 1.95 lacs will counted as turnover for the income tax return...
As 65 lacs included in the turnovers of the various companies, whom recharge vouchers are sold by him...
As 65 lacs included in the turnovers of the various companies, whom recharge vouchers are sold by him...
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