11 January 2026
A, B and C own a flat where major financing is done by A and around 25% is financed through loan from Bank by C. C has been paying the emi and loan is almost paid. A expired 2 years ago. A had three legal heirs i.e. B D and E of which B is the joint owner as stated above. Under the premises kindly advise on the treatment of sale proceeds to be distributed between B,C,D and E as also the TDS by Buyer?
12 January 2026
Thank You Sir! So does that imply Cost incurred by A would be the cost for B,D and E. For C, amount invested through Loan would be the cost? Kindly Advise?
13 January 2026
It will not be total loan amount for C, as there is no specific declaration in the agreement. Any excess paid by C can be reimbursed by other two co-owners.
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