Property Purchase for friend

Quick Summary
This discussion explores the tax implications of purchasing a property with your own funds but registering it in a friend's name. While initially raising concerns about potential issues with the income tax department, the consensus suggests it might be permissible if structured as a loan. However, clarity is needed on how the friend will provide the funds and their source to avoid scrutiny.

Property purchase for friend....















i am itching to wipe these kinds of answers
Originally posted by : Sharath chandra
Property purchase for friend.... i am itching to wipe these kinds of answers

What is this Mr Sharath Chandra...

 

I don't get ...

Property purchase for freind
Yes You are exactly correct Mr Sabyasachi Mukherjee Sirrrrrrrrr
Originally posted by : Sharath chandra
Property purchase for friend.... i am itching to wipe these kinds of answers

We also but we cant

I hv promised her
Act like a CMA holder...
but I'm doubtful about that 😇😇😇

Since when is Mr. S M started practices of bigamy and buying gifts as well :)

I am exaggerated by an irrelevant querry.
You can purchase a property in your name but cannot gift it because it's not exempted unless the recipient is in blood relation
@ sabyasachi mukherjee, why you come again and again on a query when you don't have proper reply

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details