Section 269SS and section 269T has been amended, with effect from 01.06.2015, transactions of purchase of property including advance/biana can not be paid /received in cash

Cash Transactions on immovable property

Section 269SS and section 269T has been amended, with effect from 01.06.2015, transactions of purchase of property including advance/biana can not be paid /received in cash,  if the amount is

 Rs 20000/- or more. If payment is made/received, it will attract 100% penalty.