Cash receipt above rs.20000/-against property sales
This query is : Resolved
Bhikhabhai
(Querist)
01 June 2015
Our party has received cash above rs.20000/-as advance in april & may -2015 and property sales deed made in june -2015 So, Sec 269SS in above case sec. 269ss applicable or not.Correction 269ss & 269T applicable on 1st june 2015
CA R SEETHARAMAN
(Expert)
01 June 2015
269SS not applicable being payment received before 1st June 2015.
01 June 2015
all payments made on or after 1.6.2015 are only covered by this ammendment u/s 269SS and 269T
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