INCOME TAX ON PROPERTY PURCHASE

hello everyone, hope you all are doing well.
actually my question is related to income tax . my uncle purchased a piece of land in nanital few years back, now he started construction on this land for resell purpose.
my uncle's brother also investing in this land but instead of direct investing from his account my broo uncle tranfer Monroe from my uncle's bank account for expenses of construction.
my my question is
1. how to treat this whole scenario in income tax
2 and does my uncle's brother and my uncle need any mutual agreement that the deposited money in my uncle's account belong to his brother , I mean how to prove that ,the money deposited in his account is not belong to his income it's actually a investment from his brother
please your answer will be appreciated.
Replies (1)
You have to give clarification and bank passbook attachments.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details