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limit of cash payment / receipt (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
11 August 2010

 Can we purchase a immoveable property for residential purpose (open Polt) by paying cash payment in lakhs of rupees


CA. SANAT PYNE

( Expert )
13 August 2010

 YES. SECTION 40 A(3) WILL NOT BE APPLICABLE FOR YOU.


Author : Anonymous

( Author )
14 August 2010

 Dear Sir
Thank you for your reply


CA. SANAT PYNE

( Expert )
14 August 2010

 its my pleasure.



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