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    Provisional Certificate 2018-2019

    Uploaded by

    Rohan
    This certificate provides details of a housing loan taken by Rohan Prabhakar Vichare and Prabhakar Shivram Vichare for a property in Virar East, Palghar, Maharashtra. The loan amount is Rs. 7,22,641 from Indiabulls Housing Finance Limited, with equated monthly installments of Rs. 21,420 payable between April 2018 to March 2019. The certificate specifies the principal and interest components that can be claimed as a tax deduction under Section 24(b) and 80C(2)(xviii) of the Indian Income Tax Act, 1961.

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    Provisional Certificate 2018-2019

    Uploaded by

    Rohan
    158 views1 page
    This certificate provides details of a housing loan taken by Rohan Prabhakar Vichare and Prabhakar Shivram Vichare for a property in Virar East, Palghar, Maharashtra. The loan amount is Rs. 7,22,641 from Indiabulls Housing Finance Limited, with equated monthly installments of Rs. 21,420 payable between April 2018 to March 2019. The certificate specifies the principal and interest components that can be claimed as a tax deduction under Section 24(b) and 80C(2)(xviii) of the Indian Income Tax Act, 1961.

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    This certificate provides details of a housing loan taken by Rohan Prabhakar Vichare and Prabhakar Shivram Vichare for a property in Virar East, Palghar, Maharashtra. The loan amount is Rs. 7,22,641 from Indiabulls Housing Finance Limited, with equated monthly installments of Rs. 21,420 payable between April 2018 to March 2019. The certificate specifies the principal and interest components that can be claimed as a tax deduction under Section 24(b) and 80C(2)(xviii) of the Indian Income Tax Act, 1961.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    158 views1 page

    Provisional Certificate 2018-2019

    Uploaded by

    Rohan
    This certificate provides details of a housing loan taken by Rohan Prabhakar Vichare and Prabhakar Shivram Vichare for a property in Virar East, Palghar, Maharashtra. The loan amount is Rs. 7,22,641 from Indiabulls Housing Finance Limited, with equated monthly installments of Rs. 21,420 payable between April 2018 to March 2019. The certificate specifies the principal and interest components that can be claimed as a tax deduction under Section 24(b) and 80C(2)(xviii) of the Indian Income Tax Act, 1961.

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    © All Rights Reserved
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    of 1

    Date : 23-May-2018

    PROVISIONAL CERTIFICATE for claiming deduction under section 24(b) & 80C(2)(xviii) of INCOME TAX ACT, 1961
    For the period 01-Apr-2018 to 31-Mar-2019

    TO WHOMSOEVER IT MAY CONCERN


    -------------------------------------------
    This is to certify that ROHAN PRABHAKAR VICHARE, PRABHAKAR SHIVRAM VICHARE has/have been granted a HOUSING LOAN of Rs. 7,22,641 vide Loan
    Account Number HHLKAL00211208 in respect of the following property:

    FLAT NO. 002, GROUND FLOOR, A WING, BUILDING,KARGIL ROAD, VIRAR EAST PALGHAR
    MUMBAI
    MAHARASHTRA - 401303

    The above loan is repayable in Equated Monthly Installment (EMIs) comprising of principal and interest. The total amount of EMIs PAYABLE from 01-Apr-2018 to
    31-Mar-2019 is Rs 21,420.00. The break up of amount into Principal and Interest is given below:

    LOAN AMOUNT Rs 7,22,641 PRINCIPAL COMPONENT Rs 12,535.89


    (exclusive of insurance)
    DISBURSED AMOUNT Rs 7,22,641 INTEREST COMPONENT Rs 8,884.11
    (exclusive of insurance)
    INSURANCE AMOUNT Rs 0

    *Principal and Interest received during the year is Rs 0.00 & Rs 0.00 respectively on insurance amount
    NOTES:
    -Principal repayments through EMI's and/ or prepayment qualify for deduction under Section 80C, if amount are actually paid by 31-Mar-2019.

    -Interest & Principal figures are subject to change in case of prepayment/s and / or change in repayment schedule.

    -Deduction under Section 80C can be claimed only if:


    . The repayment of the loan is made out of income chargeable to tax.
    . The property for which the loan is taken is not transferred before the expiry of 5 years from the end of financial year in which the
    possession of such property is obtained.
    . These conditions are not verified by Indiabulls.

    -Interest Payable on the loan (including PRE-EMI interest,if any) is allowed as a deduction under section 24(b).

    -Deduction under Section 24(b) of the Income-tax Act, 1961, in respect of interest payable on borrowed capital can be claimed in accordance with and subject to
    fulfillment of conditions prescribed under the income-tax laws.Interest payable for the pre-acquisition or preconstruction period can also be claimed as deduction
    in five equal installments beginning with the year the house property is purchased or constructed in accordance with and subject to fulfillment of conditions
    prescribed in section 24(b) of the Income-tax Act, 1961.

    -Deduction under Section 80C(2)(xviii) of the Income-tax Act, 1961, in respect of payments towards repayment of principal can be claimed in accordance with
    and subject to fulfillment of conditions prescribed under the income-tax laws.

    -The utilisation/end use of the loan is as per the Borrowers' discretion, and is required to be in accordance with the details provided in the loan application and
    the undertakings given, if any, in the Loan Agreement, which, where such details has been provided, has solely relied upon.

    -For purpose of calculation of Interest / further interest (additional interest) & other charges, the basis, applied by the Bank is 1/12 applied monthly.

    -The details of amount disbursed is mentioned above and to be used for Tax purposes as per sections mentioned above and other related Regulatory Guidelines
    as per Income Tax Act 1961.
    *The amount of interest and principal on insurance premium shown in certificate is not eligible for rebate under section 24 (b) & 80C.

    -In case of any discrepancy in the certificate, the same shall be reported within 7 days from date of issue of the same.

    For INDIABULLS HOUSING FINANCE LIMITED

    This is a system generated letter and hence does not require a signature.

    ROHAN PRABHAKAR VICHARE


    LAN No.(HHLKAL00211208)

    KALSEKAR CHAWL B 8 & 11 GROUND FLOOR NR SHREE RAM MILL,G K MARG WORLI

    MUMBAI
    MAHARASHTRA - 400018

    Corporate Office: Indiabulls House 448-451,Udyog Vihar,Phase-V,Gurgaon-122016. Reg. Office:M-62&63,First Floor,Connaught Place, New Delhi-110001
    Tel: 1800-200-7777 (Toll free) Fax:(91-022) 30491730 Monday to Saturday 09:00AM to 06:00PM except 2nd and 3rd Saturday.
    Mailto: [email protected] Web Site: www.indiabulls.com, CIN -U65923DL2006PLC150632. PAN: AABCI3612A

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