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)
Quick Summary
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.

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
Because 269SS specifically disallows receiving cash >=20,000 related to sale of immovable property.
Agreed

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