Cash Transaction Limit in Property |Circle rate से ऊपर कितनाcash ले दे सकते हैं | By CA Sachin
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- Опубліковано 22 сер 2024
- How much cash we can take and pay while selling and purchasing the Immovable property.
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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.
Valuable n advisable information for all the person's in selling n buying of properties.
Desh me white money k sath black money bhi same speed se chalta hai bhaiya ji 👍 kind of variety
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.
Govt should actually reduce registration (stamp duty) fees, capital gains rate etc. This will help people in disclosing correct amounts and abiding law.
@@tarangsharma4844 Totally disagree. In fact stamp duty and registration charges should be increased significantly.
Lol.. Max black paisa politicians ka hi hai, why would they ever pass such a law.
They will have no place to invest.
@@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.
@@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.
Way of explaining the things is superb .
Thanks 🙏
आपने बहुत ही महत्व पूर्ण जानकारी दी है धन्यवाद।
राष्ट्रीय स्वर्ण आयोग तथा राष्ट्रीय सनातन वैदिक हिंदू आयोग बनाने के बारे में भी वीडियो बनाइए राष्ट्रीय स्वर्ण आयोग और राष्ट्रीय सनातन वैदिक हिंदू आयोग का अन्य आयोगों की तरह गठन होना चाहिए ताकि इन आयोगों से जुड़े हुए समुदायों और जातियों को भी लाभ पहुंचे
😊1a 7:08
Sachin ji.
Flawless explanation.
Itni clarity se koi nahi samjhaa sakta.
👌👌👍👍👍🙏🙏
Thanks for appreciating dear
Keep supporting
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
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
Very Nice
Yes
Q
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
Brother I have bought 3.5cr Land with 2.3cr In cash And done only 1.2cr Registration And save Tax alot
Shabash ab iski announcement mat Karo 🙏
Warna ragde jaoge 😊
Property sale karne wala 30 percent cheque& 70 percent
Saller Residetial hose ke 70% cash & 30% cheque Guideline se Registry karana chahta he Jabki purchaser ke pas 100% payment Bank me he.saller Pura paisa cheque se nahi le raha he kyoki Guideline value actual sale-price value ka 30% hi he.Saller Long- term capital gain bachana chahta he & cash ko 2number me chahta he,kpy bataye ki purchaser kya kare.
प्रॉपर्टी बैंक में बंधक है 300000 कैश दे दिए हैं बंधक मुक्त करा कर रजिस्ट्री कराई है तो भी प्रॉब्लम होगी क्या
One query...how do salary person purchase property? They donot have cash.pl make video on that because in reality nobody purchase in cheque.what is the solution?
Make video how to take money during sale of property
It's good that now you are explaining in slow way....!! again please slow down....!! And your this video was very helpful....!!✌
Thanks for valuable information on property matters,
Please suggest a book guiding in detail about all GST returns
Is video ko mai din me 2 bar daily dekhta hoon
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 🙏
De sakte hai no issue
Kiya matlab fjir
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
Before itr filing means 31 st July of next year
Good educative video.....beneficial for all.
Normal logon par sab niyam lagu hota hai, neta log kis tarah se tax chori kar kaise apna property aur bank balance increase kar lete hai?
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.
More valuable knowledge
Thnx sir
Best regards
Sir प्रोपर्टी k online se लिए हुए pese 30 लाख se ऊपर बैंक m रखने se koi problm hoti h kya?
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..🙏
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
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?
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
Dear capital gains check karna hoga call me on 9319333248 for discussion and advice for tax saving
Very knowledgeable video sir ji thanku
Reply please
Thanks dear keep supporting
Hi Sir, Thank you so much for this enlighting video.
My question is- There is 1 flat i want to purchase whose price as per the builder is 50 lakh rs. But builder said that he will mention max 25 lakh as agreement value. Rest 25 lakh, he wanted as black money..That means , the agreement value for my flat would be 50% only (25 lakh)...what legal complications would be here ??, what should i do.?
I need discussion and paper for proper advice contact on 9319333248
Registry ma black money kaha mention hoota ha ya to batao .. 60 lk ki deal hui ha registry 48 ki hui ha and cash 12 lk cash de diya isma galat kaha hua
Sir, your video is much infor.mative ,Hope,make .more video
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
I want to sale my house by 50 or low & 24 on my home loan than what I can do about IT
Very Valuable information sachin ji
Sir ek bar me kisi current account me hum kitne amount ko maximum deposit or withdrawal kar sakte he koyi restriction ka he?
Sir reply dijiye please
No limit dear
Thank you very much sir for your kind attention and information
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
Can’t answer here 😎 hope u got answers
😊
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
Thank you so much for information sachin ji
Very nicely explained...till now the best 👍
Thank you 🙏
Most welcome 😊 kindly share on ur best
Sr mene 6 Lac ka plot liyA h 1.50 Lac de diya 4.50 Lac Dena h me pamnt kese kru am gvt job plz reply sr aur sr registery kese krau
What is the provision in respect of purchase of Agricultural land
Sir namaste Salam satshriyakal.
Thanks a lot for valuable informations.
Thanks 🙏 Apko bhi Nameste
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 ?
Relation Kya hai
@@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
We are two brothers, who have inherited a 2.5-floor constructed ancestral( 1970's) house after the death of their parents. elder brother lives at the 1st and 2nd floors. I live on the ground floor with my family. We have got a perpetual deed 50% in favor of both the brothers. we want to sell our house. how to calculate long-term capital gain. how to use circle rate. how to use construction/repair/ renovation allowance. how to reinvest the money receipt on selling.
ek frn plot le rha hai, seller usse 14 lac cash mang rhe hai, aur baki 6 lac online? Should he pay?
Sir in my case my father is 65 ..he has a flat ....The flat is sold for 48 L..The purchaser told that he will get only 80 percent of the loan amount from the bank..i.e he requested to make an agreement for 60 L so that he may get the loan of RS 48 L.
Now since the registry is made of 60 L but in actual my father received only 48 L in DD. My father is ready to pay 20% tax i.e Rs 2.4 L on 12 L which he has never received.
Kindly suggest whether he will get a penalty or not?
Hey buddy, did your father recieved any penalty?
@@soundwave6643 sir till now not received any penalty....
To jo cash mein payrment kar rahe ho wo registry mein dub registrar office mein show hi kyon kar rahe ho...kya bachkani baat hori hai yahan....maine 1850000 ka plot liya 550000 cash pay Kiya 1300000 neft kiya jiska transaction number registry mein laga.....circle rate hamesa market rate se low hote hain....humne dikhai hi property 13 lac ki....
Right same to same maine bhi yahi kiya
Very informative video
Please give me your number
@@vickysahu9595to jab aapne cash diya to proof ke liye aapne kya kiya
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...
Sir valuable knowledge 🙏
case 2012me kitna case
1quistion, What was the rule before 1 st. June 2015 about property sell? On cash tranjection.
Very nice information sir , your new subscriber from Hyderbad ❤. Will share with others too
Thanks and welcome 🙏🥰
Sachin ji I have seen your videos my query is cotton ginning unit DJ manufacturing unit of cotton have made a advance to the farmer rupees 250000 for growing cotton crop which is a raw material of the unit what is the tax impact of the ad was made by unit to the farmer
2 lac maximum in a year per person
More. Valuable vidio Thanks
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
No issue
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 🙏🙏
Cheque se
@@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🙏🙏
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?
I need discussion with paper for proper advice so request you either contact near ca or me on 9319333248 expertcasachin@gmail.com
Share screen shot also of your query as you asked in comment box as above
Hi . What did they do finally ?
Hi, Vibhash did you find the solution?
Thanks for your explanation. Sir, I have got a doubt. That I presently have an immovable property at my native place. I wish to dispose the property(brought in 2015.) Also I am selling the said property, as I owe loan for my daughter's education. Please explain as I wish to pay my daughter's loan. Please reply Sir.
U will pay tax on LTCG
.....
.... MN.
..
MN
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
Samaj hi nahi aa raha issue , explanation is incomplete
Good Very Good interaction.
ड्राफ्ट ?
Sir savings account se 15lakh ke upor cheque se payment kar sakte hain property buy kar ne ke liye without it file
How the original cost of old house property of maternal expired grand mother can be ascertained when we do not have any information about cost. On sale of this property how can we calculate capital gains ?
Contact on 9319333248 I will provide valuation
2 lakh cash seller ne mere a/c jama kar diya hai usko me kya kare .
Sir circul price se upar kaa price humara yaanee seller kaa loss hogaa or buyer ke maze aa jaayenge
Ak dam sahi jankari di sir thanks 👍
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
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?
Don’t do this in any case
Good knowledge given by you. Thanks
Sir dlc 106000 hai or ye amount mene cash likhwa diya hai registry me to kya allow hai 269st me?
सर मै अपना पुराना घर जो मैने थोड़ा-थोडाकमाकर घर बनाया और २5साल मे उसे पुरा किया है और अब मै उसे बेचकर कही दुसरी तरफ घर या पलाट लेना चाहता हूँ तो क्या करना चाहिए डिल किस तरह से करना चाहिए बतलाना सर?
See home loan playlist in my channel
Thanks for awareness sir 👍
Excellent video and very well explained Sir..if you could help me in resolving my query..
I got possession of my property in 2015 at cost of 20 lakh and registered the same property late in Sep 2022 by paying stamp duty of 20 lakh..
Based on indexation formula from 2015 to 2022, cost of property today is 27 lakh. I am planning to sell the same at 30 lakh..what will be the capital gain in this case..
Please help with the answer..
Regards
More veluablea lnformation
Any smallest property having value above five lacs.
Can you give a property for Rs 5 lac.
Sir meri mother meri shaadi par jewellery gift dena chahate he dec me. Kya future me sale karu business me invest ke liye tab muje capital gain tax lagega ya exempts hoga.
How people deal in lease property? All people do cash
Sir super video knowledge of property
Thanks 🙏🏻
I sold my flat in agreement I received 20000/ in cash. Can I be in income tax notice 269ss
No
If I rerceive rent from property ₹25000/= in case and deposit it in my bank account then is there any legal hinge, kindly tell. Thanks
No issue sir enjoy
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.
Not legal
Both should agriculture and having agriculture income only for cash
Video main bola hai
Watch again
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
Capital gains is different issue
Now u asked for cash
For more u May call me 9319333248 for better understanding
Very nice information 👌
Thanks you for the video
Sir Maan lo 60 lakh ki property kharidi or uska circle rate 30 h to isme kaise payment krni chahiye
Post office me 7 lac fd hai aur pnb me 5 lac fd hai kiya tds katega
Thanks sir very informative video.
Thanks dear keep supporting
I love you and you
I c
I’m
Bhaiya kannauj wale uncil ka 350 crore ka toh kuchh nahi hua.
PM cares ka bhi kuchh nahi hua...
Electoral bond ka ksise hoga...
Hasyaspad...
😁😁😁
Sir 3 lakh cash ki bike lene par income tax par video banayen
One year mei kitna p.tax paid kar sakete or ye kis fin.yr se lagu hei
Very important info. Thanks for sharing 👍
My pleasureThanks
Ground realty is so different!!!
Can you explain sir
@@abhisheksubedar2434 try to buy any commercial property from any middle level builder in delhi ncr !!!!
What is the limit of cash for Bayana or token money given as advance..?
19999 only
सर हमारे गांव में 2 एकड़ जमीन 422000 लाख का नगद लेनदेन हुआ हैं। रजिस्टार के पास गया आपति किया । तब भी रजिस्टी कर दिया
कहा शिकायत करु रजिस्टी कागज भी निकाला हु।
But why complaint
Sir में मेरी प्रॉपर्टी बेच रहा हु... जिस पर टॉप अप लोन चल रहा हैं और में उसकी फुल रजिस्ट्री करा रहा हु... और पेमेंट एक नंबर से ले रहा हु... इनकम टेक्स की कोई परेसानी तो नहीं होगी क्रप्या मार्गदर्शन दे 🙏🏾
Avoid or discussion near ca
As it may cause huge capital gain tax
Contact us on 9319333248 for complete help if require
मैं भी मकान बेच कर पूरा पैसा नगद लिया है ,किन्तु ये मैं 2016 से 2021 के बीच थोड़ा 2 कर के लिया है उपाय बताइये
I need discussion with paper for proper advice so request you either contact near ca or me on 9319333248 expertcasachin@gmail.com
Share screen shot also of your query as you asked in comment box as above
Sir retairmend ke paisey se property chsh or check mein lesakte hai kya
Sir, In case cumulative Savings Acoount annual interest is Rs. 13,500/= (P.Y. 2021-22) and I am below 60 years age. Will I get deduction of Rs. 10,000/= u/s. 80TTA and balance Rs. 3,500/= is taxable to me in AY: 2022-23?
Yes
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 ??
Yes can receive but not in this section
Income tax can ask reason of withdrawal such huge amount and payment to whom
This penalty only for cash shown in registry in white payment
These things are not explained by government or i can say that awareness is not shared all along and they want to impose such heavy penalties
Right