Income tax

This query is : Resolved 

06 February 2013 A salaried person going to purchased a re-sale flat,80% to be financed and 20% by cheque, this 20%(2 Lakh) can paid by cash?
Is there any issue for cash transaction.
What is limit of cash trancaction in a year.
Please advice

29 August 2013 there is no such provision under cash limit. it should be in proper source of income under the act


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