Mother selling property and buying a new one in son's name

Tax planning 9696 views 15 replies
Originally posted by : sanku
My father want to buy a flat in my name by withdrawing fixed deposit, is it taxable to me or my father ?

interest on FD is taxable in hands of your father . you have no part to play in this . 

Replies (15)
Originally posted by : sanku
My father want to buy a flat in my name by withdrawing fixed deposit, is it taxable to me or my father ?

interest on FD is taxable in hands of your father . you have no part to play in this . 


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