NO Supriya ...there is no mandatry requirment to pay tax ...you have to fill itr...some of banks demands itr of last 3 years.....

filing of income tax return for the last 3 yrs is neccessary ..paying tax depends on the amount of loan u want.. in ur case its 10 lacs .. i dont think that would b mandatory...u can get rs. 10 lacs loan on nil return..

There are no specific criteria. Everything depends on the perception of the bank manager and your financial statements. For example, if you are presently having one loan outstanding, NIL return may create problem. Also your past repayment records, your source of income etc. are taken into account.

For obtaining Home loan, ITR is not an end in itself. It is one of the document among many.

 

Ur take home salary, Loan O/s with the other financial institution etc., based on proposal u applied for and strucure of payment  will also be taken into a/c.

 

advance congrats for ur loan..

 

 

FILLING NIL RETURN IS NOT PROBLEM FOR GETTING LOAN , ITS ALL DEPEND ON YOUR FINANCIAL CONDITION , STATUS AND TRANSACTION, IT ALSO DEPEND ON THE MANAGER VIEW HOW IS DESCRIBE YOUR FINACIAL STABILITY.

I agree with Amit Gopani.......

U can apply to banks...there is no mandatory requirement as to payment of taxes..your income must be sufficient enought to service the loan.. in case any further help is needed pls feel free to contact at hawasthi @ unionbankofindia.com

Nopes, dere is very remote possibility of you getting the Loan. Bank while giving you Loan need the assurance that u can actually service the interest amount and principal amount each year after necessary deduction. I.e. Bank usually give Loan upto 60% of your salary amount. You can take Loan on a joint name. That would be better. However if u havnt filed your return things could ve been done.

if your CIBIL score is above 700 and got at least 20000 take home and filed your ITR for three years, chances arre high, more over it depends on bank to bank, see bank where you know the manager then it will be quite easy

if anyone is not filing income tax return will they get home loan.