Legal Question in Real Estate Law in India
my father, a farmer, is the only owner of the property.but the home loan was taken by considering me also as a co applicant as i am salaried. i am only repaying the home loan at present. i need to avail tax benefit for repaying the home loan. can my father give gift deed to me
Asked on 12/30/17, 8:25 am
1 Answer from Attorneys
Santosh Goswami,Advocate
sure shot legal
Yes, he can make. Such a gift is called onerous gift.
Answered on 1/04/18, 7:38 am
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