Gross receipt for realestate agents,when they are taking big plot of lands through agreement & registering it directly in the name of purchaser by dividing it into small plots.
Clarification on gross receipts
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Clarification Sought on Gross Receipts for Real Estate Agents Handling Large Plots Divided for Purchasers A discussion on the gross receipts for real estate agents involves a query about how these agents handle large plots of land, which are divided and registered directly in the purchaser's name. One respondent seeks clarification on the query, while another explains that the gross receipts for real estate agents include all the money received from purchasers of the small plots. (AI Summary)