Purchased immovable property with cash

Page no : 2

RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 01 December 2019

@ kapadia even after appraised of the consequences of receiving consideration in cash, most of the sellers insists cash payments only. In my own Case, even after literally showing the concerned section, the seller insisted me to pay consideration in cash stating that his AUDITOR will take care of the consequences, if any.. What to do with these kind of sellers?

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Kapadia Pravin (17259 Points)
Replied 02 December 2019

@ Ramakrishnan

Let those sellers enjoy with that adventurous activity !!!!!

kamlesh griglani (2 Points)
Replied 20 December 2021

Sir,

One of my clients purchased agriculture land in 2004 in cash. Amount was more than 1 crore. They paid total in cash. Now after 16 yrs seller has done civil suit and said I have not received a single penny.

How to prove that cash was given?