House loan repayment
This query is : Resolved
15 October 2019
i have house and i am paying loan of the same now i wish to close it by paying lumpsum
which of the following is it the right way to clear loan
i.if my wife directly pays remaining amount from her account as she is working teacher
ii. i receive cheque from my wife for remaining amount and pay to builder
what will be income tax liability in either case
thanks
which of the following is it the right way to clear loan
i.if my wife directly pays remaining amount from her account as she is working teacher
ii. i receive cheque from my wife for remaining amount and pay to builder
what will be income tax liability in either case
thanks
KAVIRAJA ADDANGADI
(Expert)
15 October 2019
No income tax liability, provided you should have to justify source for repayment of loan,
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