Buying for a property for my staff

Dear Sir

Many thanks for you valuable suggestion. However, I apologies that I didn't tell you earlier that the money which I want to give to my employee to buy a property is a part of capital gain money. I sold a property and since I need to save the capital gain tax, I need to invest the money in a property. That is why I was thinking of buying a property in my name. Can I give loan to my employee out of the capital gain money?

Regards

Dear Raj 

I suggesy you to do it in another way so that your employee will be benifted and you will also not get any tax implication.

so what you do is show it as interest free loan to your dear employee and make the papers in his name putting a clause that if he is unable to pay you the amount the asset remains with the company/employer. 

Benifit: employee get a deduction of principal amt payment of laon under section 80c. and tha amount which you will receive will also not get taxed in the same.

I hooe this will help you 

Regards