B S Dwarakanath (manager) (81 Points)
02 April 2014Dear Sir
My son in law and daughter bought a flat for Rs34lakhs in 2011.All these days he was paying the EMI and filing ITR2.Now my daughter also wants to give EMI as she also started earning.Can u pl enlighten me how to consider the inetrest part and the principal amount.My SIL's out go is approx 35000/- per month.
Dwarakanath
B S Dwarakanath
(manager)
(81 Points)
Replied 19 May 2014
| Originally posted by : B S Dwarakanath | ||
 |
Dear Sir My son in law and daughter bought a flat for Rs34lakhs in 2011.All these days he was paying the EMI and filing ITR2.Now my daughter also wants to give EMI as she also started earning.Can u pl enlighten me how to consider the inetrest part and the principal amount.My SIL's out go is approx 35000/- per month. Dwarakanath |
 |
CAclubindia
