Capital gains

This query is : Resolved 

14 August 2018 we want to sale a immovable property then amount which was received on such sale we want to invest in FDs as we can earn interest. The bankers saying that during the year the if any person was deposited more than 2lac it leads to some problem like IT notices. Till now we are not income tax assessess.Please guide for tax planning

14 August 2018 you received the consideration in cash?

16 August 2018 Sir,for full consideration we will receive in cash

16 August 2018 do you know that it is against the law? and carries significant penalties?

16 August 2018 Sir, regarding this issue i don't have any knowledge please guide me

16 August 2018 read section 269SS and 269T


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