Cash Property Transaction | Cash received on sale of property

CA Rahul Agarwal
Paid Consultation WhatsApp Only 9571243669
wa.me/919571243669
The penalty on cash received on sale of property in India is as follows:
- Under Income Tax Act, a penalty equal to the amount of cash received is applicable.
- This penalty is levied on the buyer, seller, or both, depending on the circumstances.
- The penalty is in addition to the tax liability on the capital gains arising from the sale of property.
- The penalty can be waived or reduced if the taxpayer can provide a valid explanation for accepting cash and cooperates with the tax authorities.
It's important to note that accepting cash is a strict liability offense, meaning that the penalty will be levied even if there is no intentional evasion of tax. To avoid penalties, it's essential to ensure compliance with tax laws and regulations when selling or buying property in India.

[@carahulagarwal8192]

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[@manojkumarcra]

Sir main ek shop sell ker raha hu, kitne samay ke ander me dusri property le sakta hu jisme tax na lage, plz ans

[@GurmelSingh-qx8er]

Such Rules Can Not Be Implemented In Positive Ways In This Corrupt System's. People's Are Not Aware About It Without Proper Education And Baseless Rules.

[@jayprakashjoshi2338]

Good information 👍

[@ashwinvyas498]

अगर सेलर कोई नयी प्रोपर्टी नहीं लेना चाहता है तो सारी रकम वाईट लेताहै तो लोक पिरियड मे बेनक मे रखना चाहे तो ईस बात पर बताईये

[@vinaykumar59ify]

GOOD ONE

[@nehankitsharma8111]

New property kitna ka lesakte h capital gain jitna ya ek ya do..

[@tikamsinghrjpt]

Good

[@inderjeet388]

Good g 🎉🎉

[@TrueHelpinghand]

How to give 1% brokerage to broker by digitaly.which documents of brokerage require to claim that amount to increase cost of property.

[@shamraobarse9753]

मैने अपणी प्रॉपर्टी बेचके अपने लाडके के नाम पर नई प्रॉपर्टी खरेदी तो कॅपिटल गैन टॅक्स बाचेगा क्या

[@sukhbirsaini-dx5lr]

Property ki.orignal.veliu.1cror.ho.or.circil.rate.30lac.ho.to.70lac.acount.me.kase.ly.sakte.h

[@gopalraobagade8039]

Ekdam best video sir, Thanks.

[@RahulSingh-wg9jl]

Sir mera kanpur me plot he .jise me 37Lac me bech RHA hu. me 25Lac rtgs se Luga . Baki 12Lac cash me Le RHA hu. Me 12Lac rupay makan construction me Lagwa duga. Kya deek rahega??

[@adie244]

I am income Tax officer from Kanpur itself. Buddy make sure you pay taxes or else I will track you from IP address

[@anjeshsharma7052]

@@adie244😂

[@pannalaljain7267]

मैं एक सीनियर सिटीजनहूं मेरा अपना कोई नहीं है मैं अपना जीवन चलने के लिए अपनी प्रॉपर्टी बेचकर किराए से रहता हूं, तब मुझे क्या इनकम टैक्स देना पड़ेगा।

[@omparkashchauhan3517]

क्या इंडस्ट्रियल प्लॉट के प्रॉफिट यानी gain से खेतीबाड़ी की जमीन खरीदी जा सकती है ताकि टैक्स ना लगे ।?