i have house and i am paying loan of the same, now i wish to close it by paying lumpsum which of the following is it the right way to clear loan
i.if my wife directly pays remaining amount from her account as she is working teacher
ii. i receive cheque from my wife for remaining amount and pay to builder what will be income tax liability in either case
thanks
Sanath Sheshagiri & Co.
Bengaluru
CA Inter
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Prish Consultancy LLP
New Delhi
B.Com
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CA ANOOP P K & ASSOCIATES
Kozhikode
CA Inter
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CCI
Pro
CAclubindia
