Property tax

Jose Kottanani (Querist) 22 May 2023 This query is : Resolved
Is it mandatory to get certificates of income source from the person who is buying your agricultural land in Kerala

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When selling agricultural land in Kerala, you are not required to obtain income source certificates from the buyer. However, it is mandatory to accept payment via approved government methods such as cheque, DD, RTGS, or banker's cheque. This ensures that the transaction is legitimate and helps prevent money laundering.

kavksatyanarayana (Expert) 22 May 2023
It is not necessary.

T. Kalaiselvan, Advocate (Expert) 23 May 2023
It is mandatory for you to choose the mode of payment as approved by government, i.e., by Cheque/DD/RTGS/Bankers cheque etc., and not be cash.
By the above modes it can be confirmed that the buyer is not involved in any money laundering activity

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