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Provisional Fy 20-21

This certificate provides details of a housing loan granted to Mr. Ramkedar Ramsurat Yadav. The loan amount is Rs. 20,00,000 at an annual interest rate of 8.2%. The loan is for a property located in Baroda, Gujarat and is repayable through equated monthly installments totaling Rs. 2,05,260 for the period between April 2020 to March 2021. The installment amounts will be split between principal repayment of Rs. 50,114.97 and interest of Rs. 1,55,145.02. The certificate includes notes on eligibility for tax deductions under sections 80C and 24(b) of the Indian Income Tax Act.

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Kedar Yadav
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343 views1 page

Provisional Fy 20-21

This certificate provides details of a housing loan granted to Mr. Ramkedar Ramsurat Yadav. The loan amount is Rs. 20,00,000 at an annual interest rate of 8.2%. The loan is for a property located in Baroda, Gujarat and is repayable through equated monthly installments totaling Rs. 2,05,260 for the period between April 2020 to March 2021. The installment amounts will be split between principal repayment of Rs. 50,114.97 and interest of Rs. 1,55,145.02. The certificate includes notes on eligibility for tax deductions under sections 80C and 24(b) of the Indian Income Tax Act.

Uploaded by

Kedar Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as TXT, PDF, TXT or read online on Scribd
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TO WHOMSOEVER IT MAY CONCERN

PROVISIONAL INTEREST CERTIFICATE


For claiming deduction under sections 24(b) & 80(c) of
the INCOME-TAX ACT, 1961 for the period 01-04-2020 to 31-03-2021

This is to certify that Mr./Ms./Mrs. RAMKEDAR RAMSURAT YADAV


has /have been granted a HOUSING LOAN (having
Account Number 350206800000008) of Rs. 20,00,000.00 @ 8.200000 % per annum
in respect of the following property
Property Address: KARTODIA NEAR PETRO FILLS SCHOOL
BARODA - 390001
GUJARAT

The above loan is REPAYABLE in Equated Monthly Installments(EMIs) comprising


Principal and Interest together.
The total amount of EMIs payable from 01-04-2020to 31-03-2021 is Rs.
2,05,260.00
.The break-up of the amount into Principal and Interest is given below.

PRINCIPAL COMPONENT : Rs. 50,114.97


INTEREST COMPONENT : Rs. 1,55,145.02

Date :08-04-2020 Accountant/Branch Manager

NOTE : 1. Interest is calculated on monthly rests.


2. Interest and Principal amounts are subject to change in case of
Prepayment/s and/or change in repayment schedule.
3. Principal repayment through EMIs and/or Prepayments qualify for
deduction under Section 80C if the amounts are ACTUALLY PAID on or
before31-03-2021
4.Deduction under Section 80C can be claimed only if:
i) The repayment of the loan is made out of income chargeable to tax
ii) The property for which the loan is taken is not transferred before
expiry of 5 years from the end of the financial year in which the
possession of such property is obtained.
For these conditions (i) & (ii), account holder should give self
certification or
declaration to employer.
5. Interest payable on the loan is allowed as a deduction under Section
24(b).

Address of the Account holder :


KRISHNA NAGAR-2, BAJWA ROAD, KARODITA********
NEAR PETRO FILS SCHOOL,**********************
BARODA - 391310
GUJARAT

-----------------------------------------------------------------------------------
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UNION BANK OF INDIA, NIZAMPURA - BARODA,
16, NAVDURGA CO-OP. HSG. SOCIETY,, NATIONAL HIGHWAY NO. 8, NIZAMPURA,,
BARODA, PIN - 390002,
Website address: www.unionbankofindia.com

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