My daughter and son-in-law wants to purchase flat by taking home loan jointly from bank for saving income tax as both are working. I got retired from government service in November 2017 and received retirement benefits. I want to give gift to my daughter for purchasing flat with partial amount (say Rs 20 lakhs) through cheque in her name. Any income tax implication to Father and daughter?3 replies 1 helpful answers Last Updated: 11 months, 2 weeks ago
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