Sale consideration in cash at the time of sale of land

When selling land, there are limits on how much cash you can accept. Section 269SS of the Income Tax Act generally prohibits receiving cash payments of ₹20,000 or more for the sale of immovable property. While some discussion points mention a ₹200,000 limit, the prevailing legal guidance points to ₹20,000 as the threshold under Section 269SS for cash transactions related to land sales.