Legal Question in Real Estate Law in India
I am 70 year old retired person and my wife 68 years housewife, can we buy an accomodation for ourself with the money given to us by our son which he derived from selling his property. What would be the implications on my son's taxation.
Note: There is no dispute between us for any property matter
Asked on 10/14/12, 7:34 pm
1 Answer from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Post in appropriate forum dealing with Taxation.
Generally Chartered Accountants give advice on such matters.
Answered on 10/14/12, 9:26 pm
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