Sale-purchase of property

cash payment of 6 lacs ?  is it to be shown in deed of conveyence ? the seller may get in grips of department and will drag you too. better to make a bank draft and pay. ..

now the 2nd thing , your total consideration from sale of property is not used to buy new property but only so much amount is used what is shown in conveyence deed paid apart from bank loan, so balance would get taxed as LTCG or STCG as the case may be 

Thanks Sharma ji. Yes, it is shown in deed. Now lets say, the grips can be justifed. On the 2nd part, agree and lets say I got 6 lacs after loan foreclosure etc. Can i say that source of funds for amount paid in cash in first part is second part (the second part is 25 days after the first part)

you can pay upto one year from the date of purchase, from old property, but before filing official due date of the return of that period, (whichever comes earlier)., no bar thereon

The method is there for ease of calculation of capital gain tax from old property.