I m a travel agent n like to know if i bought a air tkt for client and paid to sirlines 50000.00 now given the tkt to client with add our service charge Rs 500. Received payment Rs 50500. In our bank. Now question is. What will my gross receipt. And if we go file itr with presumtive income then 6% of income for which amount.
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Gross receipt
Replies (3)
Your turnover for the transaction is Rs. 500/- just the commission.......
You are not eligible for presumptive assessment........
File ITR under normal scheme with books of accounts maintained......
only commission income to be consider
correct... Presumptive income scheme not applicable in commission business
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