I am selling a land for Rs 20 lakh, which I had bought in 2001 for Rs 1 lakh, Please guide me how should I take this money is it ok if I take whole Rs 20l in one account, and one more complication is there that the person who is purchasing the land has never paid taxes and does not have a pan card.
NOW I NEED TO KNOW WHAT IS THE WAY OUT.......HOW I SHOULD TAKE MONEY TO SAFEGUARD MYSELF FROM ANY TAX OR ANY OTHER LITIGATION, AND ONE MORE THING THE GOVT VALUE OF THIS LAND IS SOME 30000. Please guide me for this..........Thanks in Advance
CAclubindia
