1.
As per Section 269SS if specified sum (any sum of money receivable, whether as
advance or otherwise, in relation to transfer of an immovable property, whether
or not the transfer takes place) taken or accepted in cash is Rs. 20,000 or
more , penalty equal to amount taken shall be imposed under S. 271D.
2.
As per
Section 269T, if specified advance (any sum of money in the nature of advance,
by whatever name called, in relation to transfer of an immovable property,
whether or not the transfer takes place) is repaid in cash and amount received together with interest is Rs. 20000 or more
(whether in the name of person making repayment singly or jointly with some
other person), penalty equal to amount repaid shall be imposed under S.271E
