Cost of improvement capital gain

Wife can have tax benefits only when she has decent income on her own. This makes her legitimate owner. Considering this, logically, she can reimburse you the amount from her account and revalue the building under her name is my opinion.

Wife can have tax benefits only when she has decent income on her own. This makes her legitimate owner. Considering this, logically, she can reimburse you the amount from her account and revalue the building under her name is my opinion.

First of all the money that individual pays against their Home improvement loans are tax deductible. However, it is also tax deductible upto 30,000₹ if its is paid directly by the homeowner.

i will suggest that you should get revise the invoice because as per RULE 46 of CGST there is requirement to mention NAME of Recipient, hence you can face problem is future at time of AUDIT

Read more at: https://www.caclubindia.com/forum/billed-to-name-mistake-on-invoice-421260.asp

so, you can easily get the invoice changed to your name. Further, invoice act allows change of name.