Assessess sales turnover rs:50 lacs and purchase of site value rs:40 lacs as per registeration value.
question:
1.assessee how much houseing loan available from bank for ITR turnover based
2.assessee how much houseing loan available from bank for property registration value based.
First of all Housing loan is not available over plot/land, unless you submit construction plan of any residential unit over it.
Secondly, loan is sanctioned about 75% if the aggregate value of plot along with construction cost (FMV needs to be evaluated)
Thirdly, it is subject to your earnings of last 3 years' average; and not over turnover.
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