Regarding income tax return of home loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2011
I have taken flat last year in the month of my-2010 by taken loan of Rs.7,60,000/- at interest rate 7.95% from GIC financial ltd. The flat is under construction & I pay EMI of Rs.7,500 per month from aug-2010. The bank gives me half amount of Rs.3,79,000/- in aug-2010 & remaining amount gives in june-2011 of RS.3,81,000 as bank disbursed me full loan amount. But my income tax is deducted from my salary. I submitted interest rate certificate which shows Rs.11,660/- in jan-2011 for assessment year 2010-2011 but bank could not mentioned principal amount in certificate because full loan amount not paid to me that time. For year 2010-2011, total income tax deducts of Rs. 12,846/- as my annual income were 3.24 lacs. I want income tax return for assessment year 2010-2011 for that what necessary documents have to be submitted & which documents have to ask from bank. please provide me required information as early as possible. Thank you.
prI have taken flat last year in the month of my-2010 by taken loan of Rs.7,60,000/- at interest rate 7.95% from GIC financial ltd. The flat is under construction & I pay EMI of Rs.7,500 per month from aug-2010. The bank gives me half amount of Rs.3,79,000/- in aug-2010 & remaining amount gives in june-2011 of RS.3,81,000 as bank disbursed me full loan amount. But my income tax is deducted from my salary. I submitted interest rate certificate which shows Rs.11,660/- in jan-2011 for assessment year 2010-2011 but bank could not mentioned principal amount in certificate because full loan amount not paid to me that time. For year 2010-2011, total income tax deducts of Rs. 12,846/- as my annual income were 3.24 lacs. I want income tax return for assessment year 2010-2011 for that what necessary documents have to be submitted & which documents have to ask from bank. please provide me required information as early as possible. Thank you.
prI have taken flat last year in the month of my-2010 by taken loan of Rs.7,60,000/- at interest rate 7.95% from GIC financial ltd. The flat is under construction & I pay EMI of Rs.7,500 per month from aug-2010. The bank gives me half amount of Rs.3,79,000/- in aug-2010 & remaining amount gives in june-2011 of RS.3,81,000 as bank disbursed me full loan amount. But my income tax is deducted from my salary. I submitted interest rate certificate which shows Rs.11,660/- in jan-2011 for assessment year 2010-2011 but bank could not mentioned principal amount in certificate because full loan amount not paid to me that time. For year 2010-2011, total income tax deducts of Rs. 12,846/- as my annual income were 3.24 lacs. I want income tax return for assessment year 2010-2011 for that what necessary documents have to be submitted & which documents have to ask from bank. please provide me required information as early as possible. Thank you.
Pramod
9975550991
prI have taken flat last year in the month of my-2010 by taken loan of Rs.7,60,000/- at interest rate 7.95% from GIC financial ltd. The flat is under construction & I pay EMI of Rs.7,500 per month from aug-2010. The bank gives me half amount of Rs.3,79,000/- in aug-2010 & remaining amount gives in june-2011 of RS.3,81,000 as bank disbursed me full loan amount. But my income tax is deducted from my salary. I submitted interest rate certificate which shows Rs.11,660/- in jan-2011 for assessment year 2010-2011 but bank could not mentioned principal amount in certificate because full loan amount not paid to me that time. For year 2010-2011, total income tax deducts of Rs. 12,846/- as my annual income were 3.24 lacs. I want income tax return for assessment year 2010-2011 for that what necessary documents have to be submitted & which documents have to ask from bank. please provide me required information as early as possible. Thank you.
prI have taken flat last year in the month of my-2010 by taken loan of Rs.7,60,000/- at interest rate 7.95% from GIC financial ltd. The flat is under construction & I pay EMI of Rs.7,500 per month from aug-2010. The bank gives me half amount of Rs.3,79,000/- in aug-2010 & remaining amount gives in june-2011 of RS.3,81,000 as bank disbursed me full loan amount. But my income tax is deducted from my salary. I submitted interest rate certificate which shows Rs.11,660/- in jan-2011 for assessment year 2010-2011 but bank could not mentioned principal amount in certificate because full loan amount not paid to me that time. For year 2010-2011, total income tax deducts of Rs. 12,846/- as my annual income were 3.24 lacs. I want income tax return for assessment year 2010-2011 for that what necessary documents have to be submitted & which documents have to ask from bank. please provide me required information as early as possible. Thank you.
Pramod
9975550991
13 July 2011
If you are paying EMI it has 2 parts i,. e Principal and Interest. So you are paying both. Take the certificate from the Bank they will give you a certificate with bifurcation of Principal and Interest
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Putting a heading on received mail
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
