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Property Purchase for friend
Dear Sir, I paid Mr. A. Rs. 60 lac to purchase a flat, but I want to register this flat(house property) in the name of my friend, my friend will face any problem from income tax department or any penalty to my friend, pls..
Replies (24)
Quick Summary
You paid sixty lakh for purchase of property...
Register the property in friend name...
is the amount is Your amount...??
Are You give it as gift...???
Register the property in friend name...
is the amount is Your amount...??
Are You give it as gift...???
Looks like oops here. Sorry
Coming to think of this situation you are both wronng in expressing in a different terminology.
| Originally posted by : Yasaswi Gomes new | ||
 |
Looks like oops here. Sorry |  |
Nothing to worry...
It's happening...
Mr Raja PM, have a nce weekend
| Originally posted by : Yasaswi Gomes new | ||
|
Mr Raja PM, have a nce weekend | |
No weekend Dear...
All days are working day...
Your friend may get notice for showing the source of such a high money transaction but it depends on return filed by your friend, his income and many other factors.
So you need to clarify more about your query that how your friend will pay the sum ??? and from where he get that sum in his account
So you need to clarify more about your query that how your friend will pay the sum ??? and from where he get that sum in his account
PURCHASE THE PROPERTY IN your name to be transferred later on.
Dear Sir, I don't want to gift money or property to my friend, flat registration will be made in his name, and he will give money within 3 years, any problem to me or my friend, pls..
No problem is there in such case.
| Originally posted by : Tapas Samadder | ||
|
Dear Sir, I don't want to gift money or property to my friend, flat registration will be made in his name, and he will give money within 3 years, any problem to me or my friend, pls.. | |
Well...
No issues about this...
You can consider as loan to Your friend.
I'm waiting for Your reply about Your question.
Then only I can reply correct way...
Assumed replies can't bring solution itself
I will purchase a property in.my name and gift to someone
Yes You can give My Dear Great Expert Mr Sabyasachi Mukherjee...
Bcoz, You are the great man in CCI.
So, You can give anything...
Bcoz, You are the great man in CCI.
So, You can give anything...
He can give all replies tooo using the title of query.
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