sir,
it is possible to sell rural land (valu 16 lacs) against cash to a villager?
sir,
it is possible to sell rural land (valu 16 lacs) against cash to a villager?
According to section 269SS of Income Tax Act, while transacting Immovable Property, 100% penalty will be levied if seller has accepted an amount of Rs. 20,000 or more in cash from the buyer
THANKS SIR
thank you so much for sharing very deep knowledge.
T R SOOD & CO
New Delhi
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