I am Selling Flat Agreement Value Rs. 49 Lakh, Received Chq. Rs. 44Lakh and Cash Rs. 5Lakh. liable any Penalty for Property Transaction in Cash (as per nea rule w.e.f 1/6/2015)
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Received cash on account sale of property
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To be on safer side pay TCS along with interest, penalty may be condoled
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