Liability Declaration

[scorpio08]

HI,
I have bought a property on loan. The property in just for investment purpose. I will be selling that house in some time. but currently i am paying EMI's for same. Do i need to include that in Liability declaration ? Will it impact my funds shown?

It shows up in the Bank statement as i have ECS happening on same date every month.


Please provide some guidance.

 

[Vats]

You can show remaining portion of loan as liability and property value as asset (ofcourse asset will be higher than remaining portion of loan) so there will no effect in your POF

 

[hookahbar]

Can property be shown as POF???

 

[Vats]

NOT as a pof but Asset

Can property be shown as POF???

 

[Vats]

but asset will componset your libility
so your POF will be unchange