03 May 2024
Please advise. I purchased a flat with another person for 30 lacs. Other person contributed 15 lacs, I paid 10 lacs and took a loan of 5 lacs over that flat and contributed. Now both contributed 15 lacs each. I am the one who is paying interest on loan. At the time of sale, can I claim this interest as my contribution in this flat and ask for more percentage?
03 May 2024
Please clarify. There is no agreement. In my opinion, I cannot claim interest as cost of flat as other party has nothing to do with this interest matter. It is my personal. Am I correct? The cost will remain 30 lacs and not 30 lacs+ interest.
CAclubindia
