Tax on sale of property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013
DEAR SIR

IF WE HAVE SALE THE PROPERTY (AGRICULTURAL LAND) TO OTHER PARTY. AFTER REGISTRATE, WE WILL GET THE MONEY NEAR BY 27/- LACS. THAT TIME IF PARTY GIVE ME CASH EITHER DD ON MY NAME .
SUPPOSSE I RECD THE CASH , CAN I DEPOSIT ALL CASH IN MY A/C. ON MY SINGLE NAME. PROPERTY IS ON FULLY MY NAME.

EITHER DD RECD - CAN I DEPOSIT DD IN MY A/C.

BANK CAN'T TAKE THE OBLIGATION FOR THAT
EITHER I HAVE TO WHICH TAX.

IN FUTURE INCOME TAX QUEETY WILL COME TO ME ?

PLEASE GIVE ME ADVICE

WHAT IS CORRECT WAY FOR RECEIVE THE MONEY

THANKS & BEST REGARDS

LAXMI