Property
This query is : Resolved
05 January 2015
I am 20. My father wants to buy a flat on my name. Does it creates any problem of Income Tax??
06 January 2015
No not at all. The basic thing is this if your father is buyig the property then you should know the mode of funds being transferred to you wither by way of gift or by way of loan or through any other mode.
If the funds are out of unaccounted money then yes you have the problem.
If the funds are out of unaccounted money then yes you have the problem.
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