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Tax Audit Applicabilty

This query is : Resolved 
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(Querist)
19 September 2009 Dear Sir,

One of our client is distibutors for mobile prepaid vouchers & e recharge.

Telecom company raises sale bill and dedcuting the 5% discounts form the MRP. Distributors pass on 2-3% discounts to retailers.

Whether we take total sale value as turnover or we commission income.

Total turnover may be more than 4 Cr and gross income earned is about 8 lacs.

Pl advise
Pl clarify
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Jitender

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Jitender (Expert)
19 September 2009 u are required to take only comm as your turnover.
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Ratan Sharma

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Ratan Sharma (Expert)
19 September 2009 Agree with expert.
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