10 July 2013
i have purchased house property on 15-12-10 on my wife's name. Loan taken from my salary account. I have sold the same property on 29-12-12. Me n my wife both are filling return. Mine is salary return n she is having Consultancy income
Can i show principal amount paid for home loan as loan given to to my wife??
what implication of income tax will effect to our income tax return for the particular year.