I'm buying a property worth 1.09 crore. I have the white money of 90 lakhs and remaining in black.
The seller wants 15 lakhs in white and 94 lakhs in black.
Question
1) what happens when I withdraw 90 lakhs from my bank. Will it trigger any flag to income tax department due to large withdrawal?
2) in future if I deposit 90 lakhs in cash, will it tally ?
CAclubindia
