Investment of sale proceeds of property in sons name

1.Yes sale proceeds can be invested in the name of the son after the taxes are paid

2. While gifting the money to the son it is always advisable to have a gift deed for backup.

3. Yes the son can dispose off the funds as he wishes.

The amount is not taxable in the hands of the son u/s 56(2) being gift from lenial ascendant

Hi

Thanks for the reply

Just a clarification

Does it mean after paying taxes and filing return etc the remaining sale proceeds can be invested in property in sons  name(son is the first holder) without making a gift deed or a gift deed is compulsory

Any details or links on how to make the gift deed etc also welcome

Thanks

Ninad