Is there any restriction on transfer of movable property in cash ?
Like transfer of immovable property by accepting consideration exceeding Rs.20,000 in cash attracts penalty under 269SS
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Restriction on transfer of movable property
Replies (3)
no such restriction .
Cash transaction of ₹ 2,00,000 or more is not allowed. It will attract penalty in the hand of recepient.
Yes under section 269ST
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