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How to handle the Gift from mother in law of Rs 20-30 lacs to buy the house ?

Sir please answer following questions

1- May i receive 20-30 lacs as gift from my mother in law to buy a house.

2- Is it better to take money in my wife’s account and make her co owner of property?

3- should i make her co applicant in loan which i’m taking to buy this house (cost of house 60 lacs)?

4- if receiver of gift ( money) invest it in FD/other then who’s income it will be?

regards

indu

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