Payment of housing loan of my wife
This query is : Resolved
Quick Summary
Jagdish Prasad Dubey
(Querist)
18 April 2020
Dear Sir
My wife availed housing loan in her sole name and o/s is around Rs 35 Lacs. if I repay entire loan from my superannuation fund, will it be taxable to me or my wife.
My wife availed housing loan in her sole name and o/s is around Rs 35 Lacs. if I repay entire loan from my superannuation fund, will it be taxable to me or my wife.
KAVIRAJA ADDANGADI
(Expert)
19 April 2020
question of taxable not arise for repayment of housing loan
24 April 2020
If you square off your wife's loan account from your money then you can treat that amount as gift to your wife. So it will not be taxable at all.
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