Arvind Gupta 17 November 2019
kavksatyanarayana (subregistrar/supdt.(retired)) 17 November 2019
There is no need to give Affidavit to the builder. The builder is already agreed. so do the registration of sale deed in the name of your daughter. it is sufficient.
G.L.N. Prasad (Retired employee.) 18 November 2019
You may make a notarized affidavit and give it to your daughter, and a copy may be provided to builder with attestation by you and your daughter as precaution.
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 18 November 2019
There is no problem if the sale deed is executed in her name. But it can be viewed as benami or as gift. If the sale deed states that your daughter is purchasing the flat with cash gift given by you, it will become a gift. In other words it will be cash gift from you instead of property gift. In either case it will appear as income in the income-tax returns of your daughter. Also in all future income tax returns your daughter will have to fill up under "Income from house property". If she stays in the house it will be treated as self-occupied and no tax will be payable. Another alternative available to you is to purchase the flat in your name and write a will bequeathing the flat in her favour..
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 18 November 2019
Gift from father to daughter is exempted from income-tax. But income from house-property shall be taxable.
Arvind Gupta 19 November 2019