Countering government policies, the process of buying and selling property continues to be affected by bureaucratic hurdles and high transaction taxes.
A recent discussion on the LocalCircles platform involved someone sharing that her friend asked her to give ₹2 lakh in cash for a property purchase. The friend admitted she had asked multiple family members and friends for similar help because she needed to pay part of the transaction in black money. This incident raises questions about why salaried individuals must convert their tax-paid or legal income into black money to buy property.
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