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Adi   11 May 2016

Property sell and buy new but black money concern.

I have sold a plot in varanasi worth rs 30 lakhs! but registry amount is16 lakhs! and I have taken all the money from bank transfer! I am purchasing a flat in delhi worth 3750000 but the builder is taking only 20 lakh in bank transfer and askingyfor rest of money in cash! I have taken additional loan of 8 lakh also! so plz suggest me if their is any risk associated in giving him cash!


Learning

 1 Replies

adv.bharat @ PUNE (Lawyer)     12 May 2016

Do not give any money by cash. If u have given and in future if he don't agree that such amount is given. Than what will u do. Just do Agreement to sale & give him part consideration through cheque. Then approach bank for loan what ever amount. Once bank given loan do ur sale deed with builder.

Thanks


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