Capital gain From sale of property

Question

Sir, my parents have sold their site for 40 lakhs (white), now they want to reinvest the amount by purchasing a new site for 35 lakhs but the seller wants half of the amount in black, but we don’t have cash in hand to pay them how can we invest our capital gain to purchase a property?

Answer ( 1 )

  1. It is advisable not to pay any amount in cash as then you will not be able to show it as reinvestment

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