2nd Property

1st property -I had purchased 2Bhk flat worth 46L on my & wife name in sept'2013.I had took 25L Home loan (on my & my wife name) and paid rest amount with our previous savings. In this flat i m staying with family and my Max gain Loan account is still running and loan is still there. 2nd property-In Oct, 2016, i have booked a 3bhk flat worth 62.5L on my & wife name. Not taken loan on this property. This apartment is still under construction and will be ready by Dec, 2017. For 2nd Property 50L is/will be funded/helped by my father .Source of this 50L is from retirement fund (my father is a Retired Bank employee). And remaining amount 12.5L i have to manage from my & wife salary and savings. For 2nd property- So far, my father has online transferred 20L to my salary account form his retirement fund account, form which I issued cheques to builder (10L cheques 2 times). Another 20L my father online transferred to my Max gain Loan account (loan account of my 1st property) and I had issued cheques from my loan account to that builder. (8L once, another one is yet to be paid) Now in coming months my father will transfer me 10L more to my Max gain loan account. From which I will give cheques to builder. My CTC is 18.5L per annum and my wife CTC is 5.5L per annum. No other source of income. Q1-Can we both own/afford the property worth 46L (2bhk) + 62.5L (3bhk), total worth of 1Crore+ on our names, thinking of property legality and thinking of Income tax dept. As both property is on mine & wife name. Q2-Will there will be any tax (gift)/or any illegality on the 50L which my father is giving me form his retirement fund? As he is blood relation with me. Q3-Can there be any illegality/or any kind of disturbance form Income tax or Legal issues or property law issues of owing two properties in future. Remembering that 2nd property no loan, & all payments done through cheques. Q5-Money my father is transferring to my salary account & my Current max gain loan account. Is this the correct way of transferring money .Is transferring to these account are safe in terms of taxation & legality? Any kind of stake or objections can be made by Tax department/property laws? Or I can directly issue cheques to builder form my father retirement fund account? Q4-For 2nd flat I’m planning to pay TDS, (as its sale value is exceeds 50L).Will we be asked any questions while going for registration of 2nd flat.