Cash receipt more than 40 lakhs


This query is : Resolved 

(Querist)
19 September 2015 Respected Sir / Madam,
one of my client sold a property for about 40 lakhs on 16/09/2015, he had received the consideration in cash, so what would be the penalty

19 September 2015 why do you want to penalise your client?

shailesh (Querist)
19 September 2015 not like that would there be any penalty

20 September 2015 Not really. One can very well insist cash payment.


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