Hello Experts
I hope this is a best category to ask.
I am buying house which will have official cost of 20 Lacs. My father is going to give me 10 lac rs as a gift (which he is going to get by selling our house which was on name of my mother, so after her death i have a share in it) and i am going to get 10 lacs worth loan.
I want to know how to plan tax in order to avoid future problems of income tax.
How to receie money from father and paid to builder officially.
Plz help