Income tax to be paid by different person other than assesee

hi everybody

kindly help me out.

i am selling a immovable property to a person A. now A is paying the entire money by way of cheque. he has also agreed to pay whatever income tax liability that i shall be subject to he shall be paying it. this shall be by way of a separate contract, in which he shall be giving me a pdc for the amount that i shall be paying as income tax.

now i want to know:

1) what is the legal validity of such a contract?

2) what is the legality of the cheque and what about the applicability of sec 138 of NI act if the cheque bounces?

thanks in advance

Replies (1)

post dated cheques are not valid as taxman would not accept post dated cheques... after all one needs to pay RBI income tax head account, how can you send pdc!

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