Second house, income tax and interest deduction

Dear Sir , 

         It requires information regarding Various thing.

1) Your Total Income

2) Municipal Rent of the area(Both KOlkata & gurgaon) or Specify the location of your house(Like Sector 17)

3) Amount of Principal & Intrest payment per year(Check your repayment schedule)

4) When you took the Loan ( Specify the Year)

5) Is your wife earning any Income (For his tax saving Purpose U/s 80C)

6) Your estimated deduction under sec 80C for the year.

Hi My replies below. Regards , Sroy

1) Your Total Income : sufficient to get loan

2) Municipal Rent of the area(Both Kolkata & gurgaon) or Specify the location of your house(Like Sector 17)

Kolkata Rent = 7,000 pm, Gurgaon Rent = 25,000 per month

3) Amount of Principal & Interest payment per year(Check your repayment schedule)

EMI: 8 lacs, Interest: 7 lacs, Property value is 1.25 Cr

4) When you took the Loan ( Specify the Year) : 2013

5) Is your wife earning any Income (For his tax saving Purpose U/s 80C) 6) Your estimated deduction under sec 80C for the year.

Wife is housewife

Read more at: /forum/details.asp?mod_id=261759#.UhD-BZIweo0