husband purchase joint commercial shop for business through loan with wife( wife govt job) total cost 90 lac but husband puri emi current account se dete hai.
kya wife ki emi husband pay kar sakta hai aur?
aur asset ki value husband ke books m kya dikani h 90 lac or 45 lac
nd interest ki deduction husband puri le sakta h kya
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Purchase property commercial
Replies (7)
Being commercial shop, he can pay total EMI, and the total interest can be claim as deduction from its business income.
Asset ki value kitni dikani h
Actual cost of the asset should be shown in the balance sheet.
| Originally posted by : ABHI KUMAR | ||
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Asset ki value kitni dikani h |  |
Rs. 90 lakhs
Wife co owner h property m aur itr b file karti h govt job h
Being commercial property, the joint holder can be added for safety reason.
Husband can't claim exemption for loan paid by wife.
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