Mr. A is individual he is purchase a house jointly with his wife name (means 1st holder is Mr. A & 2nd holders is Mrs. A) by taking a loan from bank.
My question is that the house purchase is shown under whose books whether Mr. A or Mrs. A.? If in both the books then on which basis I have to bifurcate between Mr. A & Mrs. A
Where as the housing loan principal & interest payment made by Mr. A, in this case also,on which basis I have to bifurcate between Mr. A & Mrs. A
25 April 2009
This house is residential house & if there is no specfic cluase in agreement abt.ownership ratio, then which base i have to bifurcate among them?
27 April 2009
Mrs.A just 2nd holder only as per agreement, she is not concerned abt.any payment at all related to new house. All the payment hasbeen made by Mr.A only.
New Home Value: Rs.7.5 lacs (joint name) Paymt against loan: Rs.6.8 lacs(joint name) Bal.Paymt.: Rs.0.7 thousand
Bal.paymt.made by Mr.A only & in future also all the payment related to new home hasbeen made by Mr.A only.
CAclubindia
