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Provisional Loan Certificate 2024-25

This document is a provisional certificate for Mr. Vijay Sekar, certifying his housing loan from IDBI Bank Ltd. for the property located in Bangalore for the financial year 2024-2025. It outlines the provisional details of interest and principal for tax deduction claims under Sections 24(b) and 80C of the Income Tax Act, totaling Rs. 236,190 in interest and Rs. 158,328 in principal. The certificate notes that the figures are subject to change and establishes conditions for claiming deductions, which have not been verified by the bank.

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Kanish Kanth
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69 views1 page

Provisional Loan Certificate 2024-25

This document is a provisional certificate for Mr. Vijay Sekar, certifying his housing loan from IDBI Bank Ltd. for the property located in Bangalore for the financial year 2024-2025. It outlines the provisional details of interest and principal for tax deduction claims under Sections 24(b) and 80C of the Income Tax Act, totaling Rs. 236,190 in interest and Rs. 158,328 in principal. The certificate notes that the figures are subject to change and establishes conditions for claiming deductions, which have not been verified by the bank.

Uploaded by

Kanish Kanth
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 PDF, TXT or read online on Scribd
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MR.

VIJAY SEKAR 19-12-2024


2ND FLR NO 46 PRAKRUTHI LYT HENNUR CROSS
NEAR CRYSTAL MANSION APT
BANGALORE
KARNATAKA
Pin Code:- 560043
Phone No:- 919844084170
Ref: A/c no:- 363 / 0363675100002233
A/C No:- 0363675100002233
Customer ID:- 79420049

TO WHOMSOEVER IT MAY CONCERN

PROVISIONAL CERTIFICATE FOR THE FINANCIAL YEAR 2024-2025

This is to certify that MR. VIJAY SEKAR was sanctioned housing loan from IDBI Bank Ltd. in respect of the following
property

B-501 5TH FLR B BLK, RAAGA KANNUR VLG, BIDARAHALLI HOBLI


BANGALORE, KARNATAKA
560049

The provisional details of Interest and Principal for claiming deduction under Section 24(b) & 80 C of Income Tax Act, 1961
for the period - 01-04-2024 to 31-03-2025 are as under:

1) Interest from 01-04-2024 to 09-03-2025 Rs. 222535


2) Accrued Interest from 10-03-2025 to 31-03-2025 Rs. 13655
3) Total Interest Rs. 236190
4) Principal Rs. 158328

Notes:
1. Interest is calculated on daily balances at monthly rests. Repayments due Above are exclusive of arrears if any.

2. Interest and Principal figures are subject to change in case of prepayment/ And/or change in repayment schedule.

3.Principal repayments through EMI's and/or Prepayments qualify for deduction Under Section 80 C if the amounts are
actually paid by 31-03-2025

4. Deduction under Section 80 C can be claimed only if :


1. The repayment of the loan is made out of income chargeable to tax and
2. 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

THESE CONDITIONS HAVE NOT BEEN VERIFIED BY IDBI BANK LTD.


5. Interest payable on the loan (including Pre EMI Interest, if any) is allowed as a deduction under Section 24 (b)

The onus of establishing eligibility vests with the subject client.

This Certificate Being Provisional in nature requires no authorization from IDBI BANK LTD.

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