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IDBI Housing Loan

This document is a provisional certificate for Mr. M Mouliraj and Mrs. Rajalakshmi Meingyanamoorthy regarding their sanctioned housing loan for a property in Coimbatore, Tamil Nadu for the year 2021-22. It details the interest and principal amounts eligible for tax deductions under Sections 24(b) and 80C of the Income Tax Act, totaling Rs. 413,798 in interest and Rs. 255,266 in principal. The document outlines conditions for claiming deductions and notes that it does not require authorization from IDBI Bank Ltd.

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15 views1 page

IDBI Housing Loan

This document is a provisional certificate for Mr. M Mouliraj and Mrs. Rajalakshmi Meingyanamoorthy regarding their sanctioned housing loan for a property in Coimbatore, Tamil Nadu for the year 2021-22. It details the interest and principal amounts eligible for tax deductions under Sections 24(b) and 80C of the Income Tax Act, totaling Rs. 413,798 in interest and Rs. 255,266 in principal. The document outlines conditions for claiming deductions and notes that it does not require authorization from IDBI Bank Ltd.

Uploaded by

sandhya mohanty
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Ref : A/c no.

: 006/0006675100010450 Date :28-12-2021


Customer ID : 96181122

TO WHOMSOEVER IT MAY CONCERN


----------------------------
PROVISIONAL CERTIFICATE FOR THE YEAR 2021-22

This is to certify that MR M MOULIRAJ/


MRS RAJALAKSHMI MEINGYANAMOORTHY ,was sanctioned housing loan in respect
of the following property-

SF No.352/1K,SITE NO.71,SRIRAM AVENUE KONDAYAAMPALAYAM,ANNUR


COIMBATORE TAMIL NADU 641110

The provisional details of Interest and Principal for claiming deduction


under
Section 24 (b) & 80 C of Income Tax Act, 1961 for the period 01-04-2021
to 31-03-2022 are as under:

(Figures in Rs.)

(1) Interest from 01-04-2021 to 09-03-2022 Rs. 392421.00


(2) Accrued Interest from 10-03-2022 to 31-03-2022 Rs. 21377.00
Total Interest Rs. 413798.00
(3) Principal 255266.00

Note :
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 31-03-2022
4. Deduction under Section 80 C can be claimed only if :
(i) The repayment of the loan is made out of income chargeable to tax
and
(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.
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 authorisation from


IDBI Bank Ltd.

Name : MR M MOULIRAJ
Address : NO.2/5, DURAISAMY LAYOUT
AVARAMPALAYAM
COIMBATORE
Pin Code : 641006
State : TAMIL NADU
IDBI Bank LTD PAN No - AABCI8842G

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