Document background
A Bill of Sale Receipt for Car is a critical document in Indian vehicle transactions, required under the Motor Vehicles Act, 1988, and associated regulations. It serves as official evidence of the transfer of vehicle ownership and is essential for both private and commercial transactions. The document must be used whenever a motor vehicle changes ownership in India, whether between private individuals, through dealerships, or in corporate transactions. It includes comprehensive details about the vehicle (including registration, engine, and chassis numbers), complete information about both parties, the sale price, and any special conditions of sale. This document is crucial for the buyer's subsequent vehicle registration process at the Regional Transport Office (RTO) and serves as proof of ownership for insurance, taxation, and legal purposes.
