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(Querist)
19 December 2017 I wish to give 50 lakhs rupees to my daughter to buy a flat.But the total cost of flat is 70 lakhs Whether my son in law can invest 20 lakhs as loan . In this case how the gift deed shall be written. Whether gift deed shall be written to daughter only or on both names. Any tax payable?

Subair
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RAJA P M

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RAJA P M (Expert)
19 December 2017 You can give gift to your daughter's name... You just create your daughter's name only...
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
30 September 2021 When you gift any amount to your daughter, there will not be any tax liability on either of you. But give it through banking mode.
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