For getting loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2012 Dear Sir/Madam,

I want to buy a home for which i need home loan of Rs. 30Lakh, as i am working in a cloth showroom as a saleman and my monthly salary is 12000/-pm. when i approach to bank for home loan of above amt. bank asked for income tax return file for last three year, where as i have filed income tax return for last two year for above salary. since last few month my salary get deducted by loan amt. which i had taken from my employer and getting net Rs.7000/- (12000-5000 loan amt).

Should i get home loan of Rs. 30lakh from bank by filing IT return of last three year?

How much salary income should i show in IT return whether Rs.84000 (7000*12) OR Rs.144000 (12000*12).
AND
I have only one source of income as above then how much loan i will get if i show above income.
Please guide me.
I am waiting for your kind reply

Thanking you,

Guest

Guest (Expert)

27 August 2012 YOU SHOULD CONTACT YOUR CA OR ANY OTHER PROFESSIONAL PERSON HE WILL HELP YOU OUT

Guest

Guest (Expert)

27 August 2012 AND I THINK YOU SHOULD WAIT FOR 2 TO 3 MONTHS ITS EXPECTED TO FALL IN PRICE OF PROPERTY

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