I GIFTED 10 LAKH TO MY MARRIED DAUGHTER IN 2016 AND THIS IS KEPT IN BANK FD ,WHO IS HOUSE WIFE.
NOW I WANT TO PURCHASE A RESIDENTIAL FLAT AND FOR THAT DAUGHTER HAS TO GIVE ME 10 LAKH. SINCE GIFT CAN NOT BE TAKEN BACK CAN I GIVE HER A SHARE IN THE NEW PROPERTY( IN PURCHASE DEED) TO AVOID THIS PROVISION OR MAKE HER A JOINT OWNER.
Simply take (fresh) gift from your daughter...... its tax-free.
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