Fundamentally you are able to bring cash up until the Courtroom and Legal commonly checklist an equivalent within its buy layer in fact it is a good evidence to you in future. It’s a good idea to just do it for separation and divorce by paying ten lakhs otherwise your wife could possibly get boost they in order to 20 lakhs.

I would personally not advise you to bring alimony from inside the cash as if so she can get claim they once more any moment.

The fresh lum sum number that is ten lakh alimony does not become taxable whilst will not fall under defination of income below income tax act. It will be a money receipt and this will not be nonexempt.

2. Sure, the bank can do one to. Apply for removal of their wife’s term since good co-borrower. Do this immediately following she relinquishes their unique express inside family in the your like.

Thanks to joined relinquishment/launch deed ( Haq Tyag), their own share commonly transfer during the you. Duplicate out-of purchases action merely, totally new not needed.

In the event that you r ready to accept loan percentage responsibility seriously on u, financial e. Read more