Hi,
Person A who is NRI, wantes to help his father buy a property in India and has gifted/Loaned some money to father.But money was paid directly to seller and not to father first and then to seller.
When father sells the property say after 5 years, can this anyway trigger Sec 195 of IT ACT as it was partly paid by NRI although intent was to loan/gift the father and not to buy property for himself by perosn A.
Deepak
CAclubindia
