HUKAMCHAND ERODHA (ADMINISTRATOR) 25 May 2023
Real Soul.... (LEGAL) 25 May 2023
How are you going to make the transaction? if that is cash then that is ok.
T. Kalaiselvan, Advocate (Advocate) 25 May 2023
The amount saved by you should have been in a bank as a fixed depoist or in the form of savings bank balance.
If you produce this huge amount as cash for purchse of immovable property without having any proof for the source of income, it will certainly attract income tax.
Besides cash payment for any transaction beyond Rs. 20,000/- is ot permitted and considered as illegal.
HUKAMCHAND ERODHA (ADMINISTRATOR) 26 May 2023
May I borrow from a farmer intrest free in my bank account. Get an agreement on stamp paper or promissory note that the farmer has given me in my bank account for ten years without any intrest.
Thank you sir