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Tax return

Tax queries 303 views 1 replies

respected experts,

greetings of the day,

My query is that :

1. that my client business is online business that he is working as agent of online goverments fees or payments

2. That my client recevied money from public and deposited that money in his current account and after that deposited that amount in the account of goverment as per intruction given by his client and recivec some commission for his services.

3.That last year he has been deposited more than one crore rupess in bank account and furture deposited all amount in goverment department. and his commission amount is only 160000/-

4.That now I want to file his partnership firm return so tell me what will the turnonver show in return.

please expain it

Thanking you

Replies (1)

what income he receives that is going to be his turnvoer

in the form of commission

whatever commssion received show as  indirect income 

and  whatever commssion he is going to receive 

provide in profit and lost a/c

or u can use 26as for the purpose of turnover 

whatever commssion he receives it mention in  the 26 as 

if tds dudected 

 

 


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