Property benami transaction treatment
This query is : Resolved
23 August 2024
Sir,
(A) Assessess purchase of house in name for sister in law (B). payment made by A .but A and family live in house
Question:
Above transaction benami transaction treatment in it act.
(A) Assessess purchase of house in name for sister in law (B). payment made by A .but A and family live in house
Question:
Above transaction benami transaction treatment in it act.
24 August 2024
Treat it as gift to relatives it will not be considered as benami transaction.
Property purchases in the name of spouses or close relatives, may not be considered Benami if the consideration comes from known sources.
Property purchases in the name of spouses or close relatives, may not be considered Benami if the consideration comes from known sources.
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