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limit of cash payment / receipt

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2010 Can we purchase a immoveable property for residential purpose (open Polt) by paying cash payment in lakhs of rupees
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
13 August 2010 YES. SECTION 40 A(3) WILL NOT BE APPLICABLE FOR YOU.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 August 2010 Dear Sir
Thank you for your reply
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
14 August 2010 its my pleasure.
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