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Turnover in case of emitra

jain j (none) (99 Points)

19 May 2018

I have a doubt -
I case of a Emitra business - what will be the turnover for INCOME TAX as well as for GST.
Gross receipts or net comission earned?

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3 Replies

CA Sunil Kumar (Chartered Accountant) (4514 Points)
Replied 19 May 2018

In case of Emitra business commission received will be consider for the limit of section 44AB ( 1 crore) of income tax as well as registration purpose under GST.

RAJA P M ("Do the Right Thing...!!!") (127040 Points)
Replied 19 May 2018

Yes... I agreed.

pooja arora (2 Points)
Replied 31 May 2021

E mitra ka turnover agar daalenge to gov 6℅ income calculate karti hai jabki income to short commision se hota hai lekin itr main turnover show karna padega ya nhi