Poonawalla fincorp
Poonawalla fincorp

Direct payment to builder by my family member

This query is : Resolved 
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2018 If my brother and dad make direct payment to builder even though property registered in my name, is there any income tax obligation on anyone?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
04 July 2018 Whether they have income source to pay amount?
How you will treat this amount whether loan or Gift?
If it is gift please make gift deed for support of source of Payment.

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