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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2012 Franchisee is considered as business or service, where purchase sale and stock reflected through Franchiser A/c and Income consists of Commission only ???
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
03 May 2012 It is a business. you have to maintain income & Exp. a/c but not trading a/c
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2012 In that case Clause 32 of 3CD report will apply here???
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