banner_ad

Income tax

Tax queries 317 views 2 replies

My cousin is having business of telecom service means he purchased flexi recharge coupon from idea and sell them to retailers and earn a commission on sales around 5.5lakhs and turnover made is Rs. 1.5 cr whether tax audit applicable or not please suggest as last date is near please help on the matter. 

Replies (2)
here your cousin is doing business of trading rather than commission according to my opinion. unless otherwise your cousin enter into or enrolled as distributor with idea cellular it'll be construed as trading only and trade turnover subject to audit based on the value of turnover otherwise commission receipts have to be taken for turnover.

tax audit is concern with gross sales 

if sales is 1.5 cr no tax audit applicabe

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details