Akash (XYZ) (41 Points)
22 October 2013I am planning to sell my flat in a cooperative housing society in mumbai. The purchasers wnat to pay part of the moeny in black. But I would prefer to do an all white transacation, but have not been getting a buyer. I have heard there is counterfeir notes in circulation, I have no other alternative, but to take some amount in black, How do I make sure the notes are genuine
Mihir
(Wealth Manager)
(5293 Points)
Replied 22 October 2013
This is a serious issue. People are getting better and better in making fake currency notes. It is very difficult to detect unless you have a proper instrument such a UV light. Then again, if the amount of cash is large, are you going to check the notes one by one?
FCA girl
(article)
(149 Points)
Replied 22 October 2013
its better u involve a broker for the transaction for a fair dealing. ur money will be secure plus the tension of black and white money will be his responsibility.
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 22 October 2013
Better to opt for cheque or online account trfr if u doubt so much.
coz even after detecting some notes looks so real that you can recognise that it was not real.
Kamal Kumar
(self employed)
(62 Points)
Replied 23 October 2013
It would be advisable to tell the buyer to initial his signature on every note. If fake notes are found out later,they can be returned to him.There is no other unless you know some in bank who will check notes on their machine for you.
CAclubindia
