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Ram Chandrasekaran   01 January 2021

Land purchase

I struck a deal with a seller for purchase of a 1 acre of agri land out of my terminal benefits; seller insists cash payment. I am worried as to how to make payment, as all I have is white money being the terminal benefits after retirement. kindly suggest as to the payment methods, so that I could not become party to the white money converted into black for the seller insisting all cash payment.


Learning

 3 Replies

Dr J C Vashista (Advocate)     01 January 2021

Any dispute / problem /legal issue is involved in the post ?? 

1 Like

Ram Chandrasekaran   01 January 2021

No dispute sir. we mutually agreed upon the price, but payment method.

P. Venu (Advocate)     01 January 2021

There is no need to be concerned if the entire amount of consideration is mentioned in the conveyance deed. However, there are limitations as to maximum amount of transaction in cash. Please verify.

1 Like

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