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Property registration and Gift deed cash

This query is : Resolved 
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(Querist)
18 July 2020 Hello sir, I am giving property to my sister as gift. so no money involvement and no capital gain tax and in return i am also getting gift cheque of 50 lakh. It is also tax free.. so, do i have any problem ? if i do this on same day.. Please kindly let me know
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 July 2020 Inviting problem from tax department.
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Arjun Krish621

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Arjun Krish621 (Querist)
18 July 2020 What is the solution sir??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 July 2020 Solution is avoid such tax planning for tax avoidance.
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