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Sale consideration in cash at the time of sale of land
How much can I take the sale consideration in cash at the time of sale of land.
Replies (6)
Upto 200000 rupees you can take in cash
You may accept <20,000 in cash in case of sale of land as per section 269SS of IT Act.
Less than 20000/- under section 269SS
When he is taking cash at the time of transfer of property how can 269SS come into picture?
i think only 269st would be in play in this scenario
i think only 269st would be in play in this scenario
Because 269SS specifically disallows receiving cash >=20,000 related to sale of immovable property.
Agreed
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