Cash transaction for property

Querist : Anonymous (Querist) 13 December 2017 This query is : Resolved
I would like to know if buying a property with 1/2 cash & 1/2 direct transfer is illegal? my total funds are fully tax paid and i can show sources of my funds. Is buyer at fault in such case either from IT dept or from sub registrar who registered the property?
I cant speak for seller. I am not sure if he accounted the cash. transaction was made prior to demonetization. I read rules that after demon, cash withdrawals above certain limit are not allowed.

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Sankaranarayanan (Expert) 02 January 2018
What is your name and where are you from? Your query needs more clarity. What is the value of the property? what is the necessity for pay 1/2 cash and 1/2 direct transfer? have you shown both 1/2 and 1/2 in your account of income?

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