21 December 2018
If a Builder received Advance money for Immovable property (lets say a Flat) in cash Rs.2,50,000 from a Prospected buyer in a day, which penalty will be levied ? 271D(for 269SS) or 271DA(269ST) or both???
02 January 2019
as the assessee is receiving cash above rs.2 lakh for a single transaction in a day, provisions of section 269ST would also apply..there is violation of both the sections 269SS and 269ST. then which penalty department can levy?
CAclubindia
