POSTED BY April 17, 2014 1:43 pm COMMENTS (2)ON
My father wants to sell some agricultural land in his native place. Does he have to pay some tax on the income from this transaction? Is there a problem if he receives the entire amount through cheque in his bank account? Can he buy a flat with this amount? He already has a flat in his name in Delhi.
Also I have applied for a group housing scheme flat. Can my father pay for this flat, which is going to be in my name, from the income from his agricultural land?