02 September 2008
My father has purchased a plot of land which is registred in his name and he constructed a house by taking a loan from bank. Now i am paying the EMI (Principle + Interest) because my father does not have source of income and he is dependent on me. What should I do so that I can claim the deduction for EMI paid. Please advice.
03 September 2008
Sorry but I will be highly obliged if you can please reanswer the same?
Can I Prepare a Sale deed of sale of house from my father to me showing that the consideration will be paid in instalments per month of RS 6000 and then pay it in instalments monthly.
CAclubindia
