House loan treatment
aradhana upadhyay (151 Points)
23 July 2020
The husband has taken a housing loan of 40 lakhs in his name, however the house property is in wife's name. All the expenses of construction and loan repayment done by husband. How will I treat that loan and property in husband's Balance sheet, he is a sole proprietor? Is it fine if I show that house property as his asset?