Cash Transaction Limit in Property |Circle rate से ऊपर कितनाcash ले दे सकते हैं | By CA Sachin

How much cash we can take and pay while selling and purchasing the Immovable property.
Have Any Queries Call/Whatsapp On
[phone]
[phone]
Q1-Whats is Section 269SS ??
A person cannot accept loan or deposit or any other specified sum (specified sum here refers to an advance or otherwise, in relation to the transfer of any immovable property) from another person otherwise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account
Q2-Penalty Not applicable in this case. (Banking Govt also exempts)
1. A person earning only agriculture income accepts loan or deposit from another person also earning only agriculture income
2. Receiving cash from relative during emergencies. Here intention should not be to evade the taxes.
3. Partners contributing cash capital into partnership firm
Q3- What is Section 271D of the Income Tax Act??
Ans: Lays down the penalty to be imposed on a taxpayer for accepting or taking any loans, deposits or other specified amounts in contravention of Section 269SS. Under Section 269SS, all loans or deposits of over Rs.20,000 must be taken through banking channels. In this article, we look at the provisions of Section 271D of the Income Tax Act in detail.

[@dalbeergusain2168]

Valuable n advisable information for all the person's in selling n buying of properties.

[@shivramshukla8664]

आपने बहुत ही महत्व पूर्ण जानकारी दी है धन्यवाद।

[@listentothis7360]

Way of explaining the things is superb .

[@expertcasachin]

Thanks 🙏

[@GangaRam-ub5dc]

Desh me white money k sath black money bhi same speed se chalta hai bhaiya ji 👍 kind of variety

[@SHANI1818]

Sachin ji. Flawless explanation. Itni clarity se koi nahi samjhaa sakta. 👌👌👍👍👍🙏🙏

[@expertcasachin]

Thanks for appreciating dear Keep supporting

[@ashwanikumarmishra3290]

Is video ko mai din me 2 bar daily dekhta hoon

[@prof.k.b.budhori9567]

Very informative and Clear explained about cash payment

[@expertcasachin]

Thanks and welcome 🙏

[@VSBist-fs7en]

Thanks for valuable information on property matters,

[@mygoodness23]

Very nicely explained...till now the best 👍 Thank you 🙏

[@expertcasachin]

Most welcome 😊 kindly share on ur best

[@RajinderSingh-fl7vd]

More valuable knowledge Thnx sir Best regards

[@anilbedi3667]

Good educative video.....beneficial for all.

[@vipuljasani4315]

Govt should keep circle rate much higher than actually prevailing rate to curb black money. Black money and speculation in real estate / land are biggest problems of India.

[@tarangsharma4844]

Govt should actually reduce registration (stamp duty) fees, capital gains rate etc. This will help people in disclosing correct amounts and abiding law.

[@vipuljasani4315]

@@tarangsharma4844 Totally disagree. In fact stamp duty and registration charges should be increased significantly.

[@pran10000]

Lol.. Max black paisa politicians ka hi hai, why would they ever pass such a law. They will have no place to invest.

[@vipuljasani4315]

@@pran10000 Yes you may be right. But Central Govt can do something about it. And Central Govt can definitely do it. One more step suggested by FM - reducing the tenure of home loan. This is good step in right direction.

[@pran10000]

@@vipuljasani4315 Yes of course everything can be done if there is a political will. I don't think BJP MP and MLAs will let it happen.

[@rahamatansari7521]

Sir namaste Salam satshriyakal. Thanks a lot for valuable informations.

[@expertcasachin]

Thanks 🙏 Apko bhi Nameste

[@vermaashish18188]

Very knowledgeable video sir ji thanku

[@vermaashish18188]

Reply please

[@expertcasachin]

Thanks dear keep supporting

[@pawankumar.officiall]

Sir valuable knowledge 🙏

[@sriv1556]

Very nice information sir , your new subscriber from Hyderbad ❤. Will share with others too

[@expertcasachin]

Thanks and welcome 🙏🥰

[@ManikBhatta]

1quistion, What was the rule before 1 st. June 2015 about property sell? On cash tranjection.

[@saneshbhatia3966]

Suppose the flat is valued of Rs 2.50 cr. THEN HOW CAN HE PURCHASE FOR 19999 AND BALANCE WILL BE? INCOME TAX PEOPLE ARE FIMILIAR WITH RATES and how about this case

[@nilsharma3833]

Circal rate kam hai, aur residential property market rate se sale kar rahe hain. Tab us par tex lage ga ? aur kitne persent. Mana 1 crore market rate se biki. Buyer 1no. Mein payment kare tab kya karein. Payment lein ya nahin. Please jaldi reply dein

[@DeepakKumar-sh9qj]

Ak dam sahi jankari di sir thanks 👍

[@liontiger5557]

Sir apke videos bahut hi precious h sabke liye Agar land sell k time seller ko koi money hi nahi mila ho jese gift ki ho land / ya sirf land ki ownership transfer ki ho cash/cheque khuch na mila ho to kya seller ko income tax dena padega kya ?

[@expertcasachin]

Relation Kya hai

[@liontiger5557]

@@expertcasachin Relative nahi h jinhone property transfer ki h ,actually sale 1998 mai hue thi tab humne( buyer) ne seller ko rs 2,40,000 diye the land k or unhone(seller) ne ye land 1984 mai rs 26700 ki buy ki thi espar wo capital gain tax 1998 -1999 mai de chuke h us time kisi reason se land ka registration nahi hua tha yani sale 1998 ki nahi maani ja rahi h ab hum sale ko execute kar rahe h or unko koi cash transfer nahi kar rahe h us land mai hum 1998 se reh rahe h to Sir kya unko ( seller) ko income tax pay karna padega

[@atulpatel4728]

Sir very good very good . Thank you sir. Sir Bina bil gold biscit bar parchase karne ka matalab kya hai?

[@shivekumarsoni968]

Sachin sir chawl builder room bana k 4_5 lakh me bechte hai aam janta cash me kharidti hai kyuki aam janta ko it rule k bare me pata nahi hai builder only noetry karva k de deta hai registration nahi karta to kya isme bhi income Tex valo ko malum padta hai ki chawl room cash me sell Hui hai.reply n suggest

[@masterji4317]

Very Nice

[@expertcasachin]

Yes

[@mahendrajain8235]

Q

[@drnezamansari2325]

Sir, your video is much infor.mative ,Hope,make .more video

[@Dharm53]

Make video how to take money during sale of property

[@praveenkumar-nw2nm]

सर मैं 61 वर्ष का सरकारी सेवा से रिटार्यड हूं अभी मैंने 40 लाख रुपया फन्ड का नहीं निकाला है और मेरे खाते में 10 लाख के करीब पडा है मैं एक पचास लाख का फ्लैट लेना चाहता हूं क्या परेशानी.होगी? अभी.मैं जिस मकान में रह रहा हूं वह सत्तर लाख का बिक रहा है 54 गज का,सकिॅल रेट 40000 रूपए है मैं खरीदार से कैसे कैसे पेमेंट लूं जिससे मुझे कोई परेशानी न हो कृप्या मुझे बताऐं अपना फोन न. देने का कष्ट करें जिससे मैं आपसे बात कर सकूं मेरी मदद करें प्लीज

[@shamlalsharma8533]

Please suggest a book guiding in detail about all GST returns

[@nileshjain2163]

महोदय यदि ग्राहक एक चालान में 250000 का सोना खरीद रहा है और उसके लिए वह 1,99,000/- नकद भुगतान कर रहा है, और शेष राशि के लिए वह अपने पुराने सोने के आभूषण दे रहा है तो कृपया सुझाव दें कि क्या करना चाहिये. Please 🙏

[@expertcasachin]

De sakte hai no issue

[@noyanbudek8266]

Kiya matlab fjir

[@rameshwarlaldhanwal7388]

More. Valuable vidio Thanks

[@kingdobra9230]

प्रॉपर्टी बैंक में बंधक है 300000 कैश दे दिए हैं बंधक मुक्त करा कर रजिस्ट्री कराई है तो भी प्रॉब्लम होगी क्या

[@neerajkant2039]

Thank you very much sir for your kind attention and information

[@avadheshyadav3181]

Thanks sir very good information🙏🙏

[@expertcasachin]

So nice of you thanks 🙏

[@hameedhussaini4041]

Very important info. Thanks for sharing 👍

[@expertcasachin]

My pleasureThanks

[@SAURABHGOELLIVE]

Agar 40 lakh ka mkaan bechakar saving account me 40 lakh transfer karwa le to... Kya aisa kar sakte h... Kuch btao .. Ya property bechkar property hi leni padegi

[@expertcasachin]

Dear capital gains check karna hoga call me on 9319333248 for discussion and advice for tax saving

[@jayjinendra487]

Informative and knowledgeable video Sirji...👌👌 Sirji meri ek query hai, agar Ham Koi property sale kar rahe hain, aur use property ki government valuation for example 10 lac hai aur market valuation 60 lac hai aur agar bayer use property ka full money ( matlab 60 lac ) cheque se dena chahta hai to kya hamen full money cheque se Leni chahie aur ismein hamen kya precautions leni chahie...??? Kripya aapka uchit margdarshan dijiye..🙏🙏 Thanks for your valuable videos..🙏

[@expertcasachin]

No dear not good First re sale problem hogi due to high value Capital gain high hoga when sale further Rest ur decision and facts of ur case Better call me on 9319333248

[@whitehath]

Brother I have bought 3.5cr Land with 2.3cr In cash And done only 1.2cr Registration And save Tax alot

[@inlovewithhumans]

Shabash ab iski announcement mat Karo 🙏 Warna ragde jaoge 😊

[@sp5152]

😂😂​@@inlovewithhumans

[@deepaligupta1864]

2.3cr ko kaise manage kiya

[@subramaniamkrishnamoorthy7291]

Sir super video knowledge of property

[@expertcasachin]

Thanks 🙏🏻

[@eherbert6568]

I sold my flat in agreement I received 20000/ in cash. Can I be in income tax notice 269ss

[@expertcasachin]

No

[@manojkumarsinha7948]

Video बहुत सुन्दर लगा।एक प्रश्न है । किसी सीनियर सिटीजन के पास एक ही प्रॉपर्टी है। अगर उसे बेचने पर जो रुपया आता है क्या उसी FY में इन्वेस्ट पॉपर्टी में करना जरूरी है या नेक्स्ट FY में कर सकते हैं

[@expertcasachin]

Before itr filing means 31 st July of next year

[@ashfakvohra9913]

Good Very Good interaction.

[@indubalagupta9420]

ड्राफ्ट ?

[@pasanglama3872]

Thank you so much for information sachin ji

[@anitachadha3075]

Ye aap number 1 ki baat kar re h

[@expertcasachin]

Yes

[@expertcasachin]

I always talk number 1

[@anitachadha3075]

Mene pucha h ki aap 1 number money ki baat karte h

[@expertcasachin]

Yes yes

[@AnkitGupta-fz6fe]

Sir house registry karane ka paisa cash se de ya cheque se Agar mai 2250000 ka house purchase kar raha hu toh uske upar Jo registry ka paise lagege wo cash se de ya cheque se de?? Plzz reply 🙏🙏

[@expertcasachin]

Cheque se

[@AnkitGupta-fz6fe]

@@expertcasachin Good morning sir, Mai Jo house purchase kar raha hu Uska price 2250000 hai mre pass 1150000 rupees Mai de rha 600000 lakh loan le rha hu 200000 mummy de rhi hai and 500000 lakh papa de rhe hai 200000 registry me lagega Total 1150000+600000+200000+500000= 2450000. Mre account me rtgs krne se koi problem toh nhi hai income tax me.plzz reply i m waiting sir🙏🙏

[@amilrahman]

Ground realty is so different!!!

[@abhisheksubedar2434]

Can you explain sir

[@amilrahman]

@@abhisheksubedar2434 try to buy any commercial property from any middle level builder in delhi ncr !!!!

[@vforvib]

Hi Sachin, my parents are selling their house at market value 60lakh. Circle rate is around 30lakhs. Buyer is geeting home loan for only 30l and he is saying he can only do registration on 30l(to save stamp duty). Rest 30l he is sying he will deposit to my parents account from their account or by cheque. But if Income tax will ask my parent how you got extra 30l, they won't be able to answer this. What is the best way to accept this money? Can my parents create a pvt ltd company and accept 30l from buyer in company?

[@expertcasachin]

I need discussion with paper for proper advice so request you either contact near ca or me on 9319333248 [e-mail] Share screen shot also of your query as you asked in comment box as above

[@rammohankanwash]

Hi . What did they do finally ?

[@jeevankumar7467]

Hi, Vibhash did you find the solution?

[@krishkarthik6930]

I think there is no solutions, buyer only pay by cash the remaining amount to save stamp duty. We were unaware of the laws. In our case we submitted those cash into our account unknowingly, and we are doomed.

[@SamSingh-tb5xb]

What is the limit of cash for Bayana or token money given as advance..?

[@expertcasachin]

19999 only

[@samiulhaque9963]

rural kheti Jameen 2 lac cash me bechna gaya.income tax se Kitna penalty ayega.penalty kya 2lac + penalty hoga

[@expertcasachin]

2 lac Ki

[@beauifulnature5797]

Post office me 7 lac fd hai aur pnb me 5 lac fd hai kiya tds katega

[@AnurupaPurkait-fs3ki]

Sir savings account se 15lakh ke upor cheque se payment kar sakte hain property buy kar ne ke liye without it file

[@CEKartiksharma]

Iska bhi kya koi sft code hota h kya sir and ais me bhi show hoti h kya

[@expertcasachin]

Yes

[@sachinraut6611]

Good Evening Sir mere friend ne family's ke naam pe cheque leliya aur agreement dusareka bogus de diya hai aur bolata hai ki mai investors hu mera koi roll nahi to mai kya karu sir please judgement bataye sir

[@GOAT_Trader_ind]

Samaj hi nahi aa raha issue , explanation is incomplete

[@KaushikPatel-ty6cp]

Withdrawn from Bank for his father or for his own medical 6imergency treatment or withdrawn from Bank for her husband .What will be situation.Withdrawn cash from Bank

[@expertcasachin]

No issue

[@kinggames7554]

Sir circul price se upar kaa price humara yaanee seller kaa loss hogaa or buyer ke maze aa jaayenge

[@AfzalKhan-lr3ri]

Thanks you for the video

[@ushayadav7626]

Yadi circle rate se uper ka amount chek se hi liya to kya hoga.. I mean wo to capital gain hai .isper ITd ka kya roll hoga

[@expertcasachin]

No issue

[@shubhamnagar2240]

Thanks sir very informative video.

[@expertcasachin]

Thanks dear keep supporting

[@gurdipsandhu3664]

I love you and you

[@gurdipsandhu3664]

I c

[@gurdipsandhu3664]

I’m

[@rajeshbhai7899]

Ma anguth dharak hone ke kaaran 6lak c ash nikalne pade pension s/c se check nahi hone RTGS nahi kar sakta Please sir javab bheje gramin xetra mp

[@rajeshbhai7899]

One time six lak ka widraval se price nikala.

[@expertcasachin]

Contact on 9319333248

[@cricketfever8525]

sir ... खेती की जमीन ...purchaser and buyer दोनों किसान हैं ...50 लाख की जमीन में 30 लाख cash ले सकते हैं ...plz.reply sir

[@expertcasachin]

Need discussion dear contact on 9319333248

[@preetSingh-up8je]

How people deal in lease property? All people do cash

[@samimbiswas7180]

Sir ek bar me kisi current account me hum kitne amount ko maximum deposit or withdrawal kar sakte he koyi restriction ka he?

[@samimbiswas7180]

Sir reply dijiye please

[@expertcasachin]

No limit dear

[@SourabhJawle]

Kya alag alag family members ke account se payment kar sakte hai

[@lavleenawasthi9106]

Sir ,main apna flat 13 lac ka sale kar raha hu to main cash payment kitni le sakta hu ,main ITR bhi file krta hu .. please suggest

[@devangpatel3082]

Mene mere house ke liye relative se 9 lakh liya he to incom tax dep. Se notish aa sakati he?

[@expertcasachin]

Cash ??

[@hariomkumarchaudhari]

Mere dost ne 22 lakh ka rtgs kiya aur 7lakh ka Rs 100 ke notery par 4month ka time lekar complete payment karke registry karane ke liye seller se sahmati karar kiya hai . Aage jakar koi problem to nhi hogi na?

[@moinmansuri1809]

Good evening sir... Residential property sell karne pe tax lagta hai kya..??

[@expertcasachin]

Yes

[@mahendrabadwaik5599]

Online payment buyer ke behalf me kisi aur ne kiya to chalta kya?

[@expertcasachin]

Yes no issue

[@Myliferailway138]

Mene kisto mai plot liya h kist case mai jama kar sakte h...

[@expertcasachin]

No

[@neerajtiwari4589]

1st जून 2015 के पहले क्या प्रावधान था सर जी कृपया बतावे

[@expertcasachin]

Any cash allowed

[@bvijaykamal]

Mere upar fake 4 Lac ka pro note bana kar court case chala rahe hain aur 6 lakh rupay ka fake agreement bana kar mera zameen ko hadapne ka case bhi dala hua hai bohot problem hai kaise income tax department ko is ka complaint Kiya jaye.

[@razaahmedkhan9825]

Thanks for awareness sir 👍

[@bilojkumar6715]

One year mei kitna p.tax paid kar sakete or ye kis fin.yr se lagu hei

[@parveensharma6906]

Very Valuable information sachin ji

[@shailiaf]

Excellent informative video sir ❤

[@badaldutta2351]

Private property sell kare to usme kia rule hai batao

[@expertcasachin]

Same rule

[@ramakantwadkar4609]

What is the provision in respect of purchase of Agricultural land

[@joshig1603]

सर मेरे भाई के पास कैश डिपोसिट का नोटिस आया है तो क्या आप बता सकते है FY 2014-15 मे क्या लिमिट थी कैश डिपाजिट की?

[@expertcasachin]

9319333248

[@Quit-r6r]

Kitna cash deposit kiye the bhai ? or ab kya status hai please batao @joshig1603

[@surajvloger7182]

Sir power of attorney ke property me maine cash diya hai too mere pr bhi section 269ss lage ge kya sir plzzzzz batao🙏🏻🙏🏻🙏🏻

[@expertcasachin]

Diya hai then no issue but sources hona chaiye

[@surajvloger7182]

@@expertcasachin sir property dealer ko amount dene ke liye Maine aapne saving account se 3 months me big amount withdrawal kra hai then income tax ke taraf se notice aa sakta hai kya sir? Sir please reply 🙏🏻

[@084Pankaj]

Sir mujhe apni mummy ke name registry karani hai payment hum dono bhai mummy ke account mein dalkar kare ya hum dono bhai alag se bhi cheque de sakte hai jisse hum property kharid rahe hai

[@santoshgaikwad708]

Sir retairmend ke paisey se property chsh or check mein lesakte hai kya

[@Helloteacher255]

Apne seving account me cais le sakte hai.

[@jatinbhatt7826]

Sir, I am purchasing a property of ₹18 lakh but seller ask me give entire payment in cash. Is there any problem.?? What should I do?

[@expertcasachin]

Don’t do this in any case

[@karanadhikari3191]

To sir stamp duty pr to jyada rupee lg jaayenge

[@expertcasachin]

Yes lagega vo to

[@mummydady7787]

Can we take bank loan amount for property any income tax is there

[@expertcasachin]

Yes can take No tax

[@SK-ks7up]

Hello sir If i am paying stamp duty according to the circle rate Can i buy property at rate lower than the circle rate

[@SK-ks7up]

Plz reply

[@expertcasachin]

Yes but 10% margin maximum

[@bhuwantripathi2707]

Nice... Mujhe ek DDA ka land lena h 85 lac ka but 20 lac cash maang rha h property dealer. Ab kese handle kru iss situation ko, wo maan nhi rha h aur ready h kisi bhi notice ke liye

[@expertcasachin]

Consult near ca or us at 9319333248

[@PREMSINGH-ou7fm]

Namaste sir meine apna plot sell Kiya hai 3lac ka lakin meine poora cash le liya hai kya mujhe bhi koi notice AA sakta hai bataye sir

[@MandarinTree]

Sachin Bhai , 1 crore ki property kharid mein jiski registry 55 lakh h, cash payment mein 40 lakh rupe apne hi salary account se withdraw kar ke payment kari to income tax penalty notice aayega kya ??

[@expertcasachin]

Yes can receive but not in this section Income tax can ask reason of withdrawal such huge amount and payment to whom

[@expertcasachin]

This penalty only for cash shown in registry in white payment

[@imprakash29]

Sir, If I purchased Property of 60 Lacs, but as per circle rate it's agreement value 50 lacs, can I pay remaining 10 Lacs in Cash... Which is my cash business income...

[@savvyverma7610]

Sir agar sister ki property ho vo dusri sister purchase karle aur baakio ko share dede white mei hi taab capital gains lagega ya nhi?

[@expertcasachin]

I need discussion with paper can’t reply

[@expertcasachin]

Contact on 9319333248

[@Zero-graphics]

Sir mujhe ITR fael karna hai kesy Karu ap kuch help kr sakte hai kya

[@expertcasachin]

Kya income hai

[@Zero-graphics]

@@expertcasachin 30000/35000 pr manth hai income or mujhe tax kitna dena hoga

[@maziz6237]

Good basic info.

[@shrikantchauhan1543]

Movable fixed assets par kitna cash de ya le sakte h sir

[@expertcasachin]

Yes but less than 2 lac

[@shrikantchauhan1543]

Ek din mai kitna le sakte h sir

[@shrikantchauhan1543]

Single entry mai

[@Helloteacher255]

Chek bons ker Gaya to Kiya hoga.

[@virensudan218]

Sir, how much cash couldhave been given to contracted while getting a house constructed in 2016 January in A day

[@expertcasachin]

Any amount no limit as this is personal exp But should be withdrawing from bank yu

[@yogeshrathore9499]

Sir mere father ne rural agriculture land sale ki he 60 lakh me aur guideline bhi 60 lakh he aur 21.5 lakh cheque liya baki pura cash liya to ab kya hoga please help

[@expertcasachin]

Need discussion with paper contact on 9319333248

[@expertcasachin]

Need discussion with paper contact on 9319333248

[@rosehansda1396]

15000 sq ft plot me boundry wall banaanaa hai. Payment kaise karenge.

[@expertcasachin]

By cheque only

[@rosehansda1396]

@@expertcasachin Thank you.

[@rahulgurjar0667]

Valuable information sir 👌

[@SKKhare-tw5zb]

If sailor is govt pensioner and also a farmer sailing his agriculture land to a farmer, is cash transition is legal in such a case ? please reply.

[@expertcasachin]

Not legal Both should agriculture and having agriculture income only for cash Video main bola hai Watch again

[@SKKhare-tw5zb]

In another video you told that no capital gain tax will be given in sail or buy of agriculture land.So in this case cash transition should be legal or not

[@expertcasachin]

Capital gains is different issue Now u asked for cash For more u May call me 9319333248 for better understanding

[@ak175619k]

I am going to sale a plot after 10 year and utilities this amount to purchase another plot How can I take benefits from long term capital gains

[@expertcasachin]

Contact on 9319333248

[@ramraj4156]

sir kya ek real estate firms capital gain tax preview ke andar aata hai.

[@expertcasachin]

Yes all person and entity come

[@pavanpianist]

Sir, one query. A property has 4 shareholders A B C D with 25% share each. They sell with total amount 10cr having 5 in chq nd 5 in cash. In 1st aggremnt of bayana, part payment is described for payment schdl. After getting whole cash, 2nd aggremnt replaced 1st with 5cr chq payment. This 2nd aggremnt is shown in sale deed. Questions.. will the 1st bayana be shown ... Thanx

[@expertcasachin]

Can’t answer here 😎 hope u got answers

[@Vetal-G]

😊