No good if you buy land in your wife’s name! Now every penny will have to be accounted for, registry rules changed: – ..

New Delhi/Lucknow. If you are also thinking of saving tax by buying property in your wife’s name or doing benami transactions, then be careful. With the beginning of the year 2026, the government has made radical changes in the rules of property registration. Now it will not be enough to just get the house or land registered in the wife’s name, but the buyer will also have to prove where the money to buy that property came from. This strict step of the government has been taken to curb benami property and tax evasion.

‘Money Horoscope’ will have to be shown before registration

According to the new rules, if a person buys property in the name of his wife from his income, it will be mandatory for him to provide strong proof of the legitimate source of income. Now the registry office will not only look at the signatures on papers, but will also check whether the money has come through bank transfer, check or digital means. If you do not have a record of Banking Trail, your registry may get stopped midway. The government is keeping a close watch on cash transactions and heavy cash payments are now being directly discouraged.

‘Alliance’ between Income Tax Department and Registry Office increased

Now the Registration Office and Income Tax Department have joined hands to attack corruption and black money. The process of sharing data between the two departments has been further strengthened. This means that as soon as you register the property anywhere, its information will immediately reach the Income Tax Department. If the transaction is found suspicious or the price of the property does not match the declared income, a notice can be issued immediately.

Rules changed for working women also

If the wife is purchasing the property with her own earnings, she will also no longer get the concession. They will have to present their Income Tax Return (ITR), salary slip, Form-16 or business income documents. The authorities will closely examine whether the value of the property falls within the range of the woman’s actual earnings or not. This will bring transparency in the market and will also provide protection from legal disputes in future.

Now work will not work without Gift Deed

Often husbands buy property by ‘gifting’ money to their wives. Now the government has tightened the noose on this also. If you are purchasing property by gifting money to your wife, it will now be mandatory to prepare a formal ‘Gift Deed’ and get it duly registered. Now it can be difficult to get ownership of a property without proper documentation. Experts believe that although the initial phase will see increasing paperwork, in the long run it will create a safe environment for investors.