Buying home with 50% amount of loan and 50% paid by father

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

Replies (1)

Any money received from your father as gift is not taxable in your hands.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details