Reg i.t. limit on agri land sale
This query is : Resolved
kalpesh saraf
(Querist)
17 November 2017
respected sir,
what is the permissible cash limit as per income tax act in case of purchase of agriculture land and cash payment is made directly to kashtkaar (farmer in whose name land is there).... he is having bank account... rs 20000/- is the permissible limit.... contradictory some are saying rs 2 lacs is the limit if payment is made directly to kashtkaar(original agri land owner)... please clarify...
(my no is 9462563025)
what is the permissible cash limit as per income tax act in case of purchase of agriculture land and cash payment is made directly to kashtkaar (farmer in whose name land is there).... he is having bank account... rs 20000/- is the permissible limit.... contradictory some are saying rs 2 lacs is the limit if payment is made directly to kashtkaar(original agri land owner)... please clarify...
(my no is 9462563025)
CA R SEETHARAMAN
(Expert)
17 November 2017
As he is having bank account Rs 20000 is the limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- Non filing of I T Returns
- SALARY CAN BE CAPITALIZE
- Capitalgain tax purposes for valuation report compulsory
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TAX AUDIT ON PROFESSIONAL INCOME
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
