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Q. > Please Help: Cash received against sale of Land
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391 views • Question added Jun 18, 2016 • Income Tax • By Vinay sharma , CA , Gurgaon


Our Company is sold Land and cash received against sale of Land. it is mentioned in Registry that Amount Paid through cheque as well as cash at the time of Registry.

My question is that whether Section 269SS is attract or not.
in my view this is not applicable because we have not received any advance in cash for sale of property.

Thanks

CA VInay Sharma
MOb 9990407498

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