I am a buyer doing a property transaction and the seller asked me to issue a cheque on his name keeping the bearer option. He said he would like to withdraw money.
We have decided to go with 3 separate cheques of 4L, 4L, 3L rupees
Now, the question is, will there be any TDS deducted from my side.
Also, how the payee spends the withdrawn cash, is it traceable or not is his onus correct