Payment of property by cheque or cash

This query is : Resolved

SANJAY RATHORE (Querist)
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23 March 2014 gud afternoon everyone we hve bought a flat costing rs. 20 lac and i hve make an advance of rs 8 lac in cash ... my query is this hw we should make payment in cheque ... or cn we make payment in cash. .. plz advice on the point of reliability whch way will be the best and in whch proportions we should make payment of flat in cheque n cash

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 March 2014 Dear Sanjay,

you pay may in whatever manner you waat to. but you should be able to account for the source of the money.

please note whatever money you pay over and above the value mentioned in the sale deed is nothing but unaccounted money.