Tax on sale of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2013
DEAR SIR
IF WE HAVE SALE THE PROPERTY (AGRICULTURAL LAND) TO OTHER PARTY. AFTER REGISTRATE, WE WILL GET THE MONEY NEAR BY 27/- LACS. THAT TIME IF PARTY GIVE ME CASH EITHER DD ON MY NAME .
SUPPOSSE I RECD THE CASH , CAN I DEPOSIT ALL CASH IN MY A/C. ON MY SINGLE NAME. PROPERTY IS ON FULLY MY NAME.
EITHER DD RECD - CAN I DEPOSIT DD IN MY A/C.
BANK CAN'T TAKE THE OBLIGATION FOR THAT
EITHER I HAVE TO WHICH TAX.
IN FUTURE INCOME TAX QUEETY WILL COME TO ME ?
PLEASE GIVE ME ADVICE
WHAT IS CORRECT WAY FOR RECEIVE THE MONEY
THANKS & BEST REGARDS
LAXMI
DEAR SIR
IF WE HAVE SALE THE PROPERTY (AGRICULTURAL LAND) TO OTHER PARTY. AFTER REGISTRATE, WE WILL GET THE MONEY NEAR BY 27/- LACS. THAT TIME IF PARTY GIVE ME CASH EITHER DD ON MY NAME .
SUPPOSSE I RECD THE CASH , CAN I DEPOSIT ALL CASH IN MY A/C. ON MY SINGLE NAME. PROPERTY IS ON FULLY MY NAME.
EITHER DD RECD - CAN I DEPOSIT DD IN MY A/C.
BANK CAN'T TAKE THE OBLIGATION FOR THAT
EITHER I HAVE TO WHICH TAX.
IN FUTURE INCOME TAX QUEETY WILL COME TO ME ?
PLEASE GIVE ME ADVICE
WHAT IS CORRECT WAY FOR RECEIVE THE MONEY
THANKS & BEST REGARDS
LAXMI
CA Pooja Agarwal
(Expert)
22 July 2013
the correct way is " deposit the cash in your bank" and "pay applicable tax"
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