Date : 06-MAR-2023
PROVISIONAL CERTIFICATE for claiming deduction under section 24(b) & 80C(2)(xviii) of INCOME TAX ACT ,1961
For the period 01-APR-2022 to 31-MAR-2023
TO WHOMSOEVER IT MAY CONCERN
This is to certify that MR. RAJENDRA SHANBHOUGE, MRS AKSHATHA S NAYAK Has/have been granted a HOUSING LOAN of Rs 27,36,405.00
vide Loan Account Number HHLBAG00430308 in respect of the following property:
APARTMENT BEARING NO B-504, IN BLOCK B, 5TH FLOOR,,OF THE RESIDENTIAL COMPLEX KNOWN AS
PALM GROVES
situated at Marasuru Village, Kasaba Hobli, Anekal Taluk,BENGALURU
KARNATAKA - 562106
The above loan is repayable in Equated Monthly Installment ( EMIs) comprising of principal and interest.
The total amount of EMIs Payable from 01-APR-2022 to 31-MAR-2023 is Rs. 139,378.62
The break up of amount into Principal and Interest is given below:
Loan Amount Rs. 2736405 Principal Component Rs. 56489.95
(exclusive of insurance amount)
Disbursed Amount Rs. 1765496 Interest Component Rs. 82888.67
(exclusive of insurance amount)
Insurance Amount Rs. 0 Pre Emi Interest Rs. 123,368.00
*Principal and Interest received during the year is Rs. 0 & Rs. 0 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-2023.
- 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 pre-construction
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 Indiabulls 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) & 80 C.
- 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.
RAJENDRA SHANBHOUGE
LAN No. (HHLBAG00430308)
NO 102 1ST FLOOR 37TH CROSS RAMLAXMAN APARTMENT,ANANTH NAGAR,NAMMURA THINDI
BENGALURU
KARNATAKA - 560100
Address: Corporate Office: Indiabulls House 448-451,Udyog Vihar,Phase-V,Gurgaon-122016.
Registered Office:M-62&63,First Floor,Connaught Place, New Delhi-110001.
Tel: 1800-572-7777(Toll free) Fax: - (022)-30491730
Mailto: homeloans@indiabulls.com WebMail: www.indiabulls.com, Monday to Saturday (Except Second and Third Saturday) between 9 am to 6 pm
CIN -U65923DL2006PLC150632, PAN: AABCI3612A
