Hi,
Recently my mother(a home maker) has sold out one house which was registered on her name for 11 lakhs.
Now we are planning to buy one more house and I want myself to be co owner as I have to apply for loan.
And now I have a problem from banks that I can not get loan if my mother is a co owner.

So, Please help me in understanding the income tax issues if i become solo owner to the property.

Thanks,
Nalini