Joint housing loan
This query is : Resolved
B.P. SRIDHAR
(Querist)
24 January 2013
SIR,
IF A HOUSING LOAN IS TAKEN JOINTLY IN THE NAME OF WIFE AND HUSBAND, CAN IT BE WRITTEN ONLY IN THE BOOKS OF THE PURCHASER OF HOUSE. LOAN REPAYMENTS WILL BE MADE FROM THE ACCOUNTS OF THE PURCHASER. PL CLARIFY
IF A HOUSING LOAN IS TAKEN JOINTLY IN THE NAME OF WIFE AND HUSBAND, CAN IT BE WRITTEN ONLY IN THE BOOKS OF THE PURCHASER OF HOUSE. LOAN REPAYMENTS WILL BE MADE FROM THE ACCOUNTS OF THE PURCHASER. PL CLARIFY
CA PARAS BAFNA
(Expert)
24 January 2013
If the share in the property has not been specified of another co-owner, and a single person is making the payment such single person can show the property in his accounts.
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