capital receipt
This query is : Open
23 June 2017
hi
I am going sale my plot. Purchasing party gave me 5 lakh in cash as token money ( beaana) . total 30 lakh our agreement .balance will be paid within 3 months.
my question is the balance amount should I receive cheque or cash ?
please advise what to do in all.
thanks
Ashiwini Ballodia
(Expert)
24 June 2017
Take the amount by cheque and not by cash
24 June 2017
is there any responsibility of buyer to give us money after deducting TDS?
Ashiwini Ballodia
(Expert)
24 June 2017
Buyer will be response to deducted TDS @ 1% u/s 194IA if the property value exceeds Rs. 50 Lakhs
Ashiwini Ballodia
(Expert)
05 July 2017
Kindly refer section 269 ST
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