salary in cash eligible for home loan
This query is : Resolved
02 May 2017
Dear sir,
I started working for a private company in Mumbai from 15th October 2016. I am getting my remuneration of ₹. 55000 in cash from said period. The same I am depositing in my bank account regularly.
Prior to the current company I was working for another private company for the period 1st April to 17th august 2016. My remuneration was ₹. I 65000. In this company I was getting remuneration in Vijaya bank salary account opened by that company. I was getting my salary with TDS deducted.
I am filing tax returns from past 3years.
Now I want to purchase a home, and for which I have to give last six months bank statement. But in my bank statement the remuneration I get is displayed as cash deposited.
Will I get a loan as per normal procedure in this situation?
02 May 2017
You produce salary certificate, Letter from employer confirmation of Salary paid in cash ,Annual compensation Certificate . Salary Slips and TDS deduction should reflect in 26AS and also obtain Form -16 Part-A and Part-B
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03 May 2017
What does salary certificate mean? Is there any format of the same? They are ready to give salary slip. But the issue is they have not deducted TDS for the said period. I will pay income tax by self assessment in July 2017. They are also ready to give
03 May 2017
..... They are ready to give voucher for said periods as per salary.
05 May 2017
Salary certificate is Total salary Paid Bifurcations for Financial Year in Letter Head.
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