Hi... I have a question regarding the payment of EMI of housing loan by me and my wife jointly:
We bought a new falt 2 years ago on which the EMI cost Rs 50000 pm on our joint name (me and my wife). I am an employee in the Indian Railways whereas my wife is an employee of BMC. The installment is debited from my salary account in ICICI bank (a joint account of me and my wife) and her salary account is in SBI bank.
We are claiming 50% each on the total housing loan. For this I am giving declaration to our institutes but this year BMC demands 50% letter from bank and bank is logically not ready give this type of letter. whether is it valid to claim like this because amount is too much and second is: If i can avail this what is the safe way to do this?
Jan. 04, 2018