Sir i am 20 years old and doesn't have any income. My father wants to buy flat on my name. Is it possible to do so.
vipul madaan 14 May 2018
Sir i am 20 years old and doesn't have any income. My father wants to buy flat on my name. Is it possible to do so.
rajuchowdappa 14 May 2018
Sir,
What is the value of the property you are going to purchase and you can contact me 99880635871.
Deepak joshi 14 May 2018
R.Ramachandran (Advocate) 15 May 2018
Dear Mr.Vipul Madaan,
I can understand why you have posed this question.
Your father can purchase the property in your name out of his tax paid money, provided HIS NAME ALSO APPEARS AS A JOINT-OWNER.
Otherwise, the provisions of Benami Transactions (Prohibition) Act, 1988, as amended vide THE BENAMI TRANSACTIONS (PROHIBITION) AMENDMENT ACT, 2016 will get attracted.
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