close x


Provisional Certificate of housing loan


hi,

in our company most of employees availed housing loan to get benefit of income tax

i asked them to get the provisional certificate, most of them brought the certificates

but i have doubt in provisional ceritificate which was produce by the employee. in that copy

two names are mentioned his name and his wife.

employee is saying that my wife is not claiming any benefit

what should i do regarding this

Please help me

 

 

 
Reply   
 

Take a declaration from them in this regard.


Total thanks : 1 times

 
Reply   
 


CHARTERED ACCOUNTANT


Originally posted by :harinath
" hi,
in our company most of employees availed housing loan to get benefit of income tax
i asked them to get the provisional certificate, most of them brought the certificates
but i have doubt in provisional ceritificate which was produce by the employee. in that copy
two names are mentioned his name and his wife.
employee is saying that my wife is not claiming any benefit
what should i do regarding this
Please help me
"

 

You have not claim interest on Housing Loan because it is not taken from any Financial Institution or Bank. The Interest amount if less than Bank Interest Rate then it is chargeable as perqusites.

 
Reply   
 

You should take decleration from the employee in form 12c

 
Reply   
 
Manager ( Taxation )


Mr Hari nath

As firsty , prepare a declaration form of investment then same give to all employees for their investment. About house loan take a certificate from employee which is prepared by Bank in the name of employee in which they mention all the details like Principal amount & interest for the finacial year . As u mention that in provisional certficate two names are mentioned i.e. his & his wife . There is no issue regarding it as both can claim the House loan & interest.

 
Reply   
 

LEAVE A REPLY



    

Your are not logged in . Please login to post replies

Click here to login   Click here to Register



 



Share on :