Treatment of commssion received by agent on sale of sim card

This query is : Resolved

dundi (Querist)
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06 September 2012 Hi,

I got a this while discussing with my friends while discussing about 194H.

The argument is sales made by sim card distributor..

Whether we should consider only commission as income (say 30% out of sim card sale value)
or
we should consider the total value of sim Card as sales made by the distributor.. for example: the total sale value exceeds the tax audit limit.... like he sold 2lac simcards...

let me

Praveen Kumar Rathi

Praveen Kumar Rathi (Expert)
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08 September 2012 yes the audit will be compulsory if the billing is done by distributor.