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Purchase of house

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226 Points Posted on 14 August 2022
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 ?
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On 14 August 2022 at 09:38 Report
Replies (5)
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229 Points Posted on 14 August 2022
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
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On 14 August 2022 at 10:07
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Chartered Accountant
86505 Points Posted on 14 August 2022
Transaction is valid , show the amount paid either as gift or loan to your wife.
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On 14 August 2022 at 10:34
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226 Points Posted on 14 August 2022
Okay, thanks Rashmi and Akshat
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On 14 August 2022 at 10:53
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Profession Business
28207 Points Posted on 14 August 2022
Sec 56 (x) (2) will be shown as gift.
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On 14 August 2022 at 15:15
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Chartered Accountant
86505 Points Posted on 14 August 2022
Welcome Dear
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On 14 August 2022 at 18:29


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