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capital receipt


(Querist)
23 June 2017 hi I am going sale my plot. Purchasing party gave me 5 lakh in cash as token money ( beaana) . total 30 lakh our agreement .balance will be paid within 3 months. my question is the balance amount should I receive cheque or cash ? please advise what to do in all. thanks

24 June 2017 Take the amount by cheque and not by cash

jas (Querist)
24 June 2017 sir, the amount i received 5 lakh in cash ?




jas (Querist)
24 June 2017 is there any responsibility of buyer to give us money after deducting TDS?

24 June 2017 Buyer will be response to deducted TDS @ 1% u/s 194IA if the property value exceeds Rs. 50 Lakhs

jas (Querist)
24 June 2017 OK thanks sir

jas (Querist)
05 July 2017 what if we receive cash from buyer then deposit into bank ?

05 July 2017 Kindly refer section 269 ST




jas (Querist)
05 July 2017 thanks again Sir ☺



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