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- White money!!!
White money, we can say, is the one for which the sources are known and revealed. One pay taxes on it and keeps record into his books of accounts!!!
As far as second question is concerned, use of white money should be prefered not only in real estate but in all the transactions whatsoever. It brings transparency and accountability in the dealings as you get a legal receipt of the entire amount you pay towards a property.
The same also becomes helpful in case of any litigation with the builder or any other authorities.CommentQuote0Flag