Form 16 for home loan

TDS 2620 views 11 replies

Hi All,

Im kind of beginner in tax related things.

Im planning to apply for home loan this year.

But i dont have Form-16 as my previous employer is not giving me.

There is no way to get Form-16 from my previous employer as there are some issues.

So Kindly please tell me, what are the possible documents i can show to bank for home loan?

Is there any way to prepare Form-16 with help of CA or any other?

Thanks in Advance

Regards

Rahul

 

 

Replies (11)

For applying of Bank Loan, the IT Returns should be produced to the Bank Officials.. SO even if you are not getting your Form 16, then you can give your Income Tax Returns which were filed.. even you can get it certified by a CA to enhance the authencity of the document.

Dear Rahul, Where you are from?.If you are from chennai. I will help you.
Originally posted by : Rajesh
Dear Rahul,
Where you are from?.If you are from chennai. I will help you.

Hi I'm from hyderabad.

You can produce ur itr before bank to apply for bank loan. One thing to be remember that there must be difference ofsix month between two returns
Hi Rahul, if your salary is gettig credited in bank account, banker will agree. Show supporting pay slips and offer letter. IT return also can be filed without form16.

Submit last 3years IT Returns to Bank  

Originally posted by : govind rawani
You can produce ur itr before bank to apply for bank loan. One thing to be remember that there must be difference ofsix month between two returns

 

is it really that there must be difference of six months between two returns?

pls reply

Yes there must be atleast two returns and difference between such returns must be six months, to apply for bank loan.

thanks govind for ur reply but whether it may differ from bank to bank also ?

No no..... in every bank same procedure will be apply... it shows from how many time u r actively building ur income

Form 16 is not compulsory for getting home loan. The bank wants some document to assess your income and repaying capacity. Form 16 is one of such document. Salary slip from reputed firms, bank statements, income tax returns etc., can be submitted. It is the bank's decision to accept any document. So better you approach the bank for details.


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