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Sale of Property

Pritesh Shah

Dear Experts,

If i sale my property worth rs.20 lakh and brokerer give me money in cash then what was it implecation in terms of income-tax / bank, security etc

Awaiting your valued feedback in this regard.

 

Receiving Rs. 20 Lakh in Cash for Property Sale: Legal Insights on Income Tax, Banking, and Security Concerns A property owner inquired about the implications of receiving a cash payment of Rs. 20 lakh from a broker for the sale of their property, specifically concerning income tax, banking, and security issues. An expert responded, stating there is no restriction on receiving property payments in cash. (AI Summary)
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