A person (son) buying a property rs:60 lacs for mother name.
Rs:20 lacs amount pay to son
Rs:40 lacs amount pay to mother
Question:
Above mentioned property buying transaction benami act applicable.
Quicko is an online tax filing and planning platform. We can assist you and answer your tax-related queries.
With regard to your question about the Benami Act, it is best to get in touch with a lawyer.