Real estate cash transactions

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..... I purchased a property 3yrs back with 100% white money. But the seller insisted on paying in cash. I ended up paying in cash in 2Crs. and closed the bank account as i moved from that area. Now inc .....

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..... ome tax dept is asking for old bank transactions. Will I be in trouble if income tax dept finds out that i paid in cash? if so, what kind of trouble would it be? Will they have authority to fine me be .....

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..... cause i withdrew white cash? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = If you are in business and you add this amount as an expenditure, then such expenditure will be disallowed as the payment .....

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..... exceeding ₹ 20,000/- is paid in cash instead of cheque. But withdrawing cash is not bothered. The said amount may be retained with you and you may spend in a phased manner. - Real estate ca .....

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..... sh transactions - Query Started By: - NRI owner Dated:- 28-2-2017 Accounting - Auditing - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinio .....

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..... n Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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