Planning to sell my house, buyer only giving cash for post registery amount.

This is a very unfortunate scenario, the seller is doing legitimate business but the buyer is probably using his unaccounted black money to buy the property, therefore he refuses to perform a bank transaction since it would put the spotlight on this black money.

The government should take action to curb the real estate black market somehow...

Hi! I just wanted to know how it went, as you never updated.

I'm also curious. Have you managed to do this? I know it's essential to ensure that any financial transaction is done legally to avoid penalties. In this case, accepting a cash payment for the post-registry amount is not advisable. The penalty under 269SS is imposed for taking cash above Rs. 20,000 from a single person in a single day. It's best to use a proper payment method such as bank transfer, cheque, or demand draft to avoid legal issues.