I am planning to sell residential plot in the vicinity of hyderabad. The buyer wants me to mention my pan and aadhar nos. as required by his bank for granting loan. Is it really essential to mention pan and aadhar nos. Kindly advise
babu 06 June 2017
Thanks for your prompt response. But I am not taking loan being seller still do you confirm it is required ?
SUNIL KUMAR (apprentice) 06 June 2017
Advocate Bhartesh goyal (advocate) 06 June 2017
Yes,now it is essential to provide Adhar card no and PAN,to get loan facilities from Bankss.
Azhagananth (Lawyer) 14 June 2017
Yes, as per new rule you have to give your PAN and Aadhar number to the banker. To solve the problem of Black money, the bank is following the method and the cash/Cheque will be paid to you by the bank directly..
No Black money, only White Money.
babu 14 June 2017
Thanks for the clarification, based on the inputs received I have provided PAN and Aadhar nos. to be mentioned in sale agreement, further the full amount is written on the sale agreement irrespective of the market price so as to avoid any tax hassles. I do prefer only white money and have the pleasure in paying tax.