https://www.taxtmi.com/forum/issue?id=108080 Amendments prohibit acceptance or repayment of loans, deposits or specified advances in relation to immovable property transfers otherwise than by account payee cheque, account payee bank draft or electronic clearing system through a bank account where amounts meet the statutory threshold; specified advance covers any sum in the nature of an advance for such transfers. Consequential penalty provisions are provided for failure to comply, with the amendments operative from the stated effective date. en-us Sat, 28 Feb 2015 17:58:33 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108080 Amendments prohibit acceptance or repayment of loans, deposits or specified advances in relation to immovable property transfers otherwise than by account payee cheque, account payee bank draft or electronic clearing system through a bank account where amounts meet the statutory threshold; specified advance covers any sum in the nature of an advance for such transfers. Consequential penalty provisions are provided for failure to comply, with the amendments operative from the stated effective date. Discussion-Forum Income Tax Sat, 28 Feb 2015 17:58:33 +0530 https://www.taxtmi.com/forum/issue?id=108080