{"id":25141,"date":"2022-02-24T19:56:13","date_gmt":"2022-02-24T14:26:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=25141"},"modified":"2022-02-24T19:56:37","modified_gmt":"2022-02-24T14:26:37","slug":"sale-consideration-of-immovable-property-received-in-cash-above-prescribed-limits-will-attract-penal-proceedings-if-the-transaction-is-genuine","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/sale-consideration-of-immovable-property-received-in-cash-above-prescribed-limits-will-attract-penal-proceedings-if-the-transaction-is-genuine\/","title":{"rendered":"Sale consideration of immovable property received in cash above prescribed limits will attract penal proceedings if the transaction is genuine"},"content":{"rendered":"<p>I sold a immovable property and received 25,00,00 lakhs in cash as a sale consideration and the same was deposited in bank and the transaction was recorded in the income tax return filing also. will it attract penalty under s. 271 D for violation of S. 269SS of the income tax act?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[],"qa_category":[23],"qa_tag":[355],"class_list":["post-25141","qa","type-qa","status-publish","hentry","qa_category-income-tax","qa_tag-penalty-u-s-271d"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/25141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=25141"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25141"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=25141"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=25141"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=25141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}