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Sale of Site and Receipt of Cash of 10 Lacs, Income Tax

Issue Id: - 115560
Dated: 20-10-2019
By:- Rajendra Prasad

Sale of Site and Receipt of Cash of 10 Lacs

Contents

Dear Sir,

₹ 10 Lacs Cash is received on sale of site .

Whether 269SS / 271D is applicable or not.

Is the penalty is mandatory or the penalty can drop on reasonable cause.

is ther any change in the act after 2015

Please clarify.

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