Getting Demand Draft in India for buying property ( PAN number related)
Posted: Sat Dec 01, 2007 5:13 pm
I am buying the property in India. I have given the Power of Attorney to my cousin brother to buy the property. My cousin encashed all the money from my NRE account by mistake. Ideally, he could have given cheque for 10 lakhs (white portion ) during the process of Registration for stamp duty etc.
Now, My cousin is saying, when we try to get Demand Draft of around 10 lakhs rupees ( white portion) during Registration, we need to give PAN number. Since, I live in US and I don't have any PAN number, how can I draw the demand draft for 10 lakhs without PAN number. My cousin brother is a doctor and he says it is not good idea to give his PAN number. Also, can my mother draw demand draft for 10 lakhs ( My mother is house wife and she doesn't have PAN number) ?
If anybody has gone through this situation, please give suggestion.
Thanks,
Now, My cousin is saying, when we try to get Demand Draft of around 10 lakhs rupees ( white portion) during Registration, we need to give PAN number. Since, I live in US and I don't have any PAN number, how can I draw the demand draft for 10 lakhs without PAN number. My cousin brother is a doctor and he says it is not good idea to give his PAN number. Also, can my mother draw demand draft for 10 lakhs ( My mother is house wife and she doesn't have PAN number) ?
If anybody has gone through this situation, please give suggestion.
Thanks,