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There is no limit for gift from relatives [as father falls under the definition of relative under sec56(2)] . your father can even give you rupees 1 crore as gift but better prepare a gift deed before enetring into transaction of ssuch huge amount.
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Compulsory acquisition of any property is exempt u/s 10(37) rama krishnan
And rajesh the above amount can be taken as gift or in nature of loan from your father just make sure to make a gift deed.
but as per circular dated 25.10.2016 any land or building.
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