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 ๐Ÿ˜‡๐Ÿ˜‡๐Ÿ˜‡

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

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