Cash payment on purchase of immovable property

This discussion explores the limits on cash payments when purchasing immovable property. The user inquired about paying ₹2,55,000 in cash for a flat valued at ₹10,05,000, with the remainder paid via NEFT and cheques. The response indicates a cash payment limit of £20,000 per day, with a further mention of a £10,000 daily limit under Section 6DD, suggesting potential restrictions on large cash transactions.