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
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