my mother is a house wife. her income comprises of only interest from Fixed Deposit.
If i want to purchase a flat in which my mother will be second owner and will make about less than 50% of the payment through her account, will Income tax ask for details of source of income. The payment routed through my mother will be provided by my father and my father have paid full tax on the same amount. there is no black money involved.
my mohter holds a pancard but have not filed a single return till date.
what will be the scenario in this case and what are other things to be considered. please guide in this regard.