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Income tax

This query is : Resolved 
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(Querist)
04 December 2015 I AM SELLING MY IMMOVABLE PROPERTY AT MARKET PRICE & ACCORDINGLY THE AGREEMENT IS MADE HOWEVER THE PURCHASE IS MAKING THE PAYMENT CONSIDERATION AS PER AGREEMENT IN CASH AND CHEQUE BOTH.

WHETHER THE SELLER CAN ACCEPT THE CASH FROM PURCHASER AS PER AGREEMENT WHETHER I.TAX LAWS PERMIT TO ACCEPT CASH FOR SELLER PL EXPLAIN
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
04 December 2015 no. you cannot anymore. refer section 269SS.
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