Selling of residential property

For selling of residential property sale agreement must be made it is compulsory and token money is the advance amount you get for selling the property. Sale agreement must be made for property dealings as it will help for calculating LTCG and no dispute can arise in future.Token is a small amount of money that has to be paid by the buyer as an indication of serious intent to purchase a property. Token money is paid on mutual agreement between the buyer and seller about the selling price.