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Purchase of property in cash

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(Querist)
10 March 2019 Any liability of tax or penalty on buyer if she purchase the property in cash for Rs. 7 lakhs
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 March 2019 Seller can be penalised for equal amount per section 271DA.

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