hello sreekanth sir, I need loan format for my client. Please email me. I live in the United States My friend lives in India, he wants 60,000 INR for his father`s hospital expenses. I am ready to help him as a loan, we have an oral agreement, because he will reimburse me every month in May, June and July 20000. but the money I will give him comes from my sister`s savings. I don`t want to confuse my friendship with my sister`s wedding. some, as I would like to conclude in a loan agreement. But I`m not in India physically. Give me an idea. Please from 2017 all rental contracts are in her name and she shows in her income tax as income from the rented house. It`s true? If not, don`t argue.
Greetings sreekanth. I have a unique precision. I have been married for 25 years and it was not a happy couple life. We have two daughters, one 22 years old and the other 16 years old. I`ve had a lot of problems. My financial clarification is that my husband has 3 properties (2 independent and 1 apartment) that are in his name. I have earned most of my life as a couple and I have not saved a single rupee in my name. All 3 properties were purchased in the form of LIC loans and 2 loans were entered into, with the exception of the flat loan.
That`s what I want to know. 1. I have characteristics. 2. I have a share if he plans to sell one of his real estate properties for the education of our children. Education costs will only be partially compared to the overall sales thinking. What percentage will be my share. 3. What is the way to proceed if he refuses to give my share? Thank you Hello Sreekanth, Do you know why or under what legislation it is necessary to obtain a stamped loan contract – notarized? Interest is a way for the lender to calculate money on the loan and offset the risk associated with the transaction. But tax benefits under section 24 of the Income Tax Act can be invoked in the form of a tax deduction on interest paid on loans.
The main criteria are: “The loan should not be used for personal use.” A personal loan between family and friends. 1. Land and other land – some additional formalities must be completed if the loan is secured by a royalty for a property, i.e., in the event of a late payment in the repayment of the loan, the lender would be allowed to sell the property and recover the amount of the loan, interest and other amounts payable by the borrower. Great article. My husband and I are borrowing $60,000 in interest free from his son`s family, who have a partner and a small baby. They want to buy a bigger house. With our help, they borrow less from the bank and pay 20% down payment instead of 10%. It`s their plan to pay back: the first two months – nothing in return. Starting in the third month, they plan to pay back $500 a month and pay $42,000 last month.