https://www.taxtmi.com/forum/issue?id=117554 A licensed stamp-paper vendor with large receipts but low net profit questioned whether a statutory Tax Audit is required and whether large cash collections should be shown as purchase and sale (trade) or as commission income. The advisory recommends treating the transactions as purchase and sale (trading activity) and maintaining transparent books and documentation, noting that substantial cash deposits make the trading presentation the safer compliance posture. en-us Tue, 05 Oct 2021 22:52:37 +0530 Thu, 23 Jan 2025 15:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117554 A licensed stamp-paper vendor with large receipts but low net profit questioned whether a statutory Tax Audit is required and whether large cash collections should be shown as purchase and sale (trade) or as commission income. The advisory recommends treating the transactions as purchase and sale (trading activity) and maintaining transparent books and documentation, noting that substantial cash deposits make the trading presentation the safer compliance posture. Discussion-Forum Income Tax Tue, 05 Oct 2021 22:52:37 +0530 https://www.taxtmi.com/forum/issue?id=117554