Sir,
kindly clarify following:
- I am a salaried person and my Wife is Housewife.
- I have shown her as Co Applicant in purchase of a flat.
- Full value of property paid from my income and Home loan.
- Under "Sch HP of ITR2" there is option of naming Co-Owner of property and her percentage share in the property.
- This information will have adverse effect on my home loan interest deduction also.
- Should i name her as Co-Owner in the ITR2 and show her share as 0%.
Respected Sir/Expert,
What are different type of companies? Which Audits are applicable to both these companies?
Thanks in advance
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