08 June 2010
The seller is proposing to me that to reduce the stamp duty charges, I should give him 15L in cash and 15L in check while registering. Later, he will give the cash back to me and take the check for the same amount.
15 June 2010
So there is transaction of 30L if you will give 15 cheque means on paper you are paying him consideration of Rs. 15l and balance amount in cash that is ok. but you said later he will give you cash back and take a cheque for the same about how you will show to the second transaction as earlier transaction of 15L cash has not happened on paper. 2nd transaction will be highly risky so can you explain me how u will treat the second transaction
CAclubindia
