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Tax Exemption for House Building Interest & Recovery of Principal H.B. Advance

Home Forums Tax Tax Exemption for House Building Interest & Recovery of Principal H.B. Advance

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  • #69855
    unknown
    Spectator

      Dear Frnds, I have taken Home Loan from Central Bank a few months ago, for which I am paying the EMI.
      I would like to know how to produce the certificates for H.B. Interest as well as Principal amount recovery of H.B. Loan for availing Tax Benefit.
      (Bank has only given the Loan sanction letter mentioning the loan amount and the EMI for repayment of loan.)
      Thank you.

      #80029
      unknown
      Spectator

        At every year ending (i.e, in month of March), you should approach your bank and apply for H.B. Loan Interest Certificate. They would provide you the same showing the details of Principal and Interest in that particular financial year. That’s it.

        #80034
        unknown
        Spectator

          Thank you gp da

          #80360
          unknown
          Spectator

            1) Amount of interest of Home Loan will be deducted from Gross Salary,
            2) Amount of Principle of Home Loan will count within 150,000 (savings)with G.P.F,LIC, etc.

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