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Cash receipt more than 40 lakhs

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(Querist)
19 September 2015 Respected Sir / Madam,
one of my client sold a property for about 40 lakhs on 16/09/2015, he had received the consideration in cash, so what would be the penalty
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 September 2015 why do you want to penalise your client?
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shailesh

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shailesh (Querist)
19 September 2015 not like that would there be any penalty



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Amol S Joglekar

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Amol S Joglekar (Expert)
20 September 2015 Not really. One can very well insist cash payment.

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