Dear Sir
I had booked a flat for which i had paid from the joint account of myself and wife from our legal earnings
However we decided to register the property in her mothers name as she doesnt own a property.Nkw rent comes from the property and she pays tax on it
My question is
1)Did i violate any rules by registering property in wifes mothers name where as money was paid from legally earned income of husband and wife
2)Would it count as a benami transaction
3)The regiatration was done in 2014.If we have unknowingly violated any rules whats the remedy now
Thanks
Arin
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