Negotiable Instruments: Exhaustive Coverage by Adv Roma Bhagat. Register Now!
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Jose Kottanani   22 May 2023

Proof of money got to buy property

Is it necessary to get certificates from the person who is buying the agricultural land from you, stating the source of the money given to you through bank for the purchase of the said property is not black money 


 2 Replies

Dr J C Vashista (Advocate)     22 May 2023

The vendee has to mention consideration amount to be paid through Bank.

However, neither facts nor query is clear., which appear to be hypothetical and exam type question paper. 

Advocate Bhartesh goyal (advocate)     22 May 2023

Buyer need not to certify and clarify in sale deed regarding source of money but has to furnish the details of payments made to seller through cheques and cash.

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