when i sold land and receive cash .
how much amount is show in registry.
if receive cash then whether this amt. is treated as black money.
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capital gain
Replies (1)
For the purpose of Stamp duty, Stamp duty value or sale price ; whichever is more should be taken.
If you have received cash AO may open your case u/s 68.
However it seems that you have reasonable justification to prove the source of the Cash.
As per Black money is concerned , Section 269ST is advisaable to refer.
If you have received cash AO may open your case u/s 68.
However it seems that you have reasonable justification to prove the source of the Cash.
As per Black money is concerned , Section 269ST is advisaable to refer.
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