for a fund transfer agency how to calculate turnover, because their working for commission for the fund transferring so their income is purely commission, but the amounts credited to their bank accounts in crores which is belongs to customers money, for this crores turnover their getting commission approx. 2 Lakh so may i show the commission only in ITR or how to do finalise this case
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Turnover In Income Tax Retrun With Section
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Quick Summary
Gross receipt commission income and allow expenses against commission and file itr 3 ..but wait for other replies
Gross receipts from commision no itr 3.
You have to show commission income only as Gross receipts in ITR
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