14 Feb 2019
My father invested some amount he received via sale of his house in capital gains account.
I have an apartment purchased by taking a home loan.
Now, my father wants to help me by purchasing my apartment using the amount he invested in capital gains account.
Can he purchase my apartment with the amount in capital gains account, so that it is beneficial to both me and my father?
CA Ankit Chaudhary
15 Feb 2019
Yes, only if your father can be the co-owner in that flat. For any clarification, feel free to write me at email@example.com or call at 7604033340. Thank You!