Hi,
I have taken a loan of 35L from HDFC for under construction house. Poss. expected in Dec 12. The loan is jointly taken by me and by my wife and repayment is being done (Tranche based EMI) in ration of 70:30 (me: Wife). Prpoerty is also registered in our joint names.
HDFC has agreed for the same and two ECS deductions are taking place every month from my account and wife's account in the opted ratio. However, the IT certificate issued does not reflect the ratio (it is in joint name and no ratio is given).
Now I want to have a document/ agreemet which shows our contribution in loan repayment. This is required for IT rebate purpose with our respective employers.
The agreement with builder does not talk about share (but in case nothing is mentioned it may be assumed as 50:50).
Can someone provide help in this regard/ a draft of such agreement?
