An assessee has a sales of Rs 1.5 cr from recharge coupens. But he got only 75000/-(.5%) as commission.Is he liable for tax audit for the AY 2014-15.
2 Replies
Suresh Pai S
(Tax Consultant)
(1029 Points)
Replied 02 December 2017
I got the opinion that it only commission income needs to be shown as there are some case laws in support of this. However I do not know which case law is this.
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
