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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2017 Dear sir,
suppose a retailer has deposited rs 5 lacs of retail sale consideration then he should submit this amount in identified person or in unidentified person column? As there is no separate column for retail sale consideration.
please advise me.

Advocate

Advocate (Expert)
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03 March 2017 If all sales made against proper invoices issued, it should be under identified column.

tony

tony (Querist)
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03 March 2017 Dear sir, can I get your mob. no.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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26 July 2025 In the context of cash deposit reporting or declaration forms (like in tax or financial compliance), **retail sale consideration** is generally considered as income from a known source—i.e., the retailer’s business revenue from identifiable customers.

So, **the Rs. 5 lakhs retail sale consideration should be reported under the "Identified Person" column**, assuming these sales are recorded and the customers are known or the sales are invoiced properly.

The "Unidentified Person" column is usually meant for cash received from unknown or unverified sources (like unexplained cash deposits, or anonymous transactions).

**Summary:**

* Retail sale consideration = **Identified Person** column
* Unidentified cash = Unidentified Person column

If the form doesn’t have a separate column for retail sale consideration, just treat it as normal business income and report accordingly.

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