Can I buy a property in cash?

This discussion explores the feasibility and legalities of purchasing property with cash in India. While small cash transactions might be permissible, significant amounts, especially those considered 'black money', face strict limitations under the Income Tax Act, such as Section 269ST and 269SS, which restrict cash payments above certain thresholds for single transactions. Converting black money to white for property purchase is generally not straightforward and may involve penalties or disallowance of depreciation.