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269ss -advance received (in real estate )

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(Querist)
01 October 2017 Advance received in case of transfer of immovable property exceeding Rs.20,000 to be reported as per 269SS. in real estate business , advance received from numerous customers to be reported ? or any exemption for real estate ? if any provide me links of official announcements
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RAJA P M

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RAJA P M (Expert)
02 October 2017 Are you received...?! If yes. 269SS applicable to giver. In case you received Rs. 2lakhs and above sec 269st is applicable to you...
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Radhakrishnan K.V.

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Radhakrishnan K.V. (Expert)
08 October 2017 As the transaction is in the nature of loan, Section 269SS, not Section 269 ST is applicable.
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