Question ID :
Income Tax Return of Stamp Seller
How to file income tax return of a stamp duty seller who's gross receipts from sale of Stamp is more then 1 cr and it's income is 1.5 percent of Stamp sale further he also deposited the cash in bank account of more then 10 lacs which is further transferred to govt account.
Is Gross receipts required to be shown in itr as receipt or only 1.5 percent is income and will be declared in itr.
Sep 15 2020 12:00AM