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To Whomsoever It May Concern Provisional Interest Certificate

This certificate provides details of a housing loan taken by Mr. Manoj Kumar Modi from Union Bank of India. The loan amount is Rs. 23,00,000 at an annual interest rate of 8.5%. The certificate certifies that the total EMIs payable from April 2017 to March 2018 is Rs. 300,790.33, with a principal component of Rs. 1,90,025.69 and an interest component of Rs. 1,10,764.64. The loan is for a property located in Ahmedabad, Gujarat and is repayable in EMIs. The certificate notes the tax deduction eligibility and conditions for the principal and interest components of the loan.

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SHOBHRAJ MEENA
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3K views1 page

To Whomsoever It May Concern Provisional Interest Certificate

This certificate provides details of a housing loan taken by Mr. Manoj Kumar Modi from Union Bank of India. The loan amount is Rs. 23,00,000 at an annual interest rate of 8.5%. The certificate certifies that the total EMIs payable from April 2017 to March 2018 is Rs. 300,790.33, with a principal component of Rs. 1,90,025.69 and an interest component of Rs. 1,10,764.64. The loan is for a property located in Ahmedabad, Gujarat and is repayable in EMIs. The certificate notes the tax deduction eligibility and conditions for the principal and interest components of the loan.

Uploaded by

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

PROVISIONAL INTEREST CERTIFICATE


For claiming deduction under section 24(b) & 80(c) of the INCOME-TAX ACT, 1961 for the period 01-04-2017 to 31-03-2018

This is to certify that MR MANOJKUMAR NATVARLAL MODI has/have been granted a HOUSING LOAN (having
account number 563206650001355) of 2300000.0 @ 8.5 % per annum in respect of the following property :

Property Address :
C-204, VANDEMATARAM ICON
VANDEMATARAM ROAD, GOTA
AHMEDABAD
GUJARAT
382481
The above loan is REPAYABLE in Equated Monthly Installments(EMIs) comprising Principle and Interest together.
The Total amount of EMIs payable from 01-04-2017 to 31-03-2018 is Rs.300790.33.
The break-up of the amount into Principle and Interest is given below.

PRINCIPLE COMPONENT : Rs. 190025.688514


INTEREST COMPONENT : Rs. 110764.641486
Date :29/07/2017

NOTE:.
1. Interest is calculated on monthly rests.
2. Interest and Principle amounts are subjected to changes in case of Prepayment/s and/or change in repayment
schedule.
3. Principle repayment through EMIs and/or Prepayments qualify for deduction under Section 80C if the amounts
are ACTUALLY PAID on or before 31-03-2018.
4. Deduction under 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 the 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


C 204 VANDEMATRAM ICON
OPP SHUKAN RESIDENCY GOTA
AHMEDABAD
GUJARAT
382481
-------------------------------------------------------------------------------------------------------------------------------
UNION BANK OF INDIA , VASTRAPUR - AHMEDABAD, HARI MANJUL NEAR KETAV PETROL PUMP,
POLITECHNIC CHARRASTA, AHMEDABAD,, AHMEDABAD, PIN : 380015, GUJARAT.
Website address: www.unionbankofindia.com

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