A person wants to purchase house in name of his wife but funds will be transferred from his own account.
whether this transaction is valid ?
Menu
Purchase of house
Replies (5)
You may have 2 options for doing this transaction
1. Transfer the funds to his wife's account and then purchase the house
OR
2. Purchase in your name and gift the house to your wife by preparing a gift deed
1. Transfer the funds to his wife's account and then purchase the house
OR
2. Purchase in your name and gift the house to your wife by preparing a gift deed
Transaction is valid , show the amount paid either as gift or loan to your wife.
Okay, thanks Rashmi and Akshat
Sec 56 (x) (2) will be shown as gift.
Welcome Dear
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- Heard & Seen Around – Your Daily Economi
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
