limit of cash payment / receipt

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Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2010 Can we purchase a immoveable property for residential purpose (open Polt) by paying cash payment in lakhs of rupees

CA Sanat Pyne (Expert)
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13 August 2010 YES. SECTION 40 A(3) WILL NOT BE APPLICABLE FOR YOU.

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Querist : Anonymous

Querist : Anonymous (Querist)

14 August 2010 Dear Sir
Thank you for your reply

CA Sanat Pyne (Expert)
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14 August 2010 its my pleasure.

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