Withdraw Cash

Save Share

This query is : Resolved

ATUL ANAND (Querist)
Follow

16 December 2025 One of my acquaintances has withdrawn ₹22 lakh in cash from a savings bank account and paid the amount to the seller in cash for purchase of house, which has not been reflected in the registered property documents. What are the possible consequences of this transaction, and what steps can the buyer take now to protect himself?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

16 December 2025 Banks report annual cash deposits or withdrawals over ₹10 lakh (or ₹20 lakh in some cases). You have to reply in case of any notice received.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now