Property transaction in cash

Proprietor

THE ONUS TO PROOV IS ALWAYS ON INCOME TAX OFFICERS...

MORE OVER IT IS NEVER GOING TO HARM U AT ALL I SUPPOSE WHEREAS YOUR MONEY IS WHITE IS TAXED ON SOURCE WHEREAS IT IS A TAX EVASSION CASE OF THE SELLOR...

 

 
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Proprietor

NEED NOT TO WORRY ....

 

 
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Advocate

Dear Mr. Varun, The question is not whether she has to worry or not:? Or who has the onus to prove (and what one has to prove).

The question is whether the Querist  is required to provide the closed bank account transactions as is being sought by the income tax officer?

I would appreciate if you could answer this precise query.

I sincerely believe that whenever a Querist approaches this LCI with a query or doubt, they expect responsible and legally sound answer and not otherwise.

 
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dear sir,ur amount is white money.ehy u worryabou the tansaction.pleaseprovide the seller pan car details. simple. 

 
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yes, tax department right to ask the doubts claification. we provide the all . we know the tax laws. before purchasing or sell movables or immovables we consult advisors   

 
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