269ss -advance received (in real estate )
This query is : Resolved
01 October 2017
Advance received in case of transfer of immovable property exceeding Rs.20,000 to be reported as per 269SS. in real estate business , advance received from numerous customers to be reported ? or any exemption for real estate ? if any provide me links of official announcements
02 October 2017
Are you received...?!
If yes. 269SS applicable to giver.
In case you received Rs. 2lakhs and above sec 269st is applicable to you...
Radhakrishnan K.V.
(Expert)
08 October 2017
As the transaction is in the nature of loan, Section 269SS, not Section 269 ST is applicable.
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