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House Receipt

Mr. Arun Lakshmana Raju Katta and Mrs. Gresamma Katta received a home loan of Rs. 10,00,000 at 10.4% annual interest for a property in Guntur. Their total EMIs from April 2019 to March 2020 were Rs. 1,59,588, including principal of Rs. 1,10,859 and interest of Rs. 48,729. The loan is being repaid through EMIs at monthly interest rates of 10.6% from April to September 2019, and 10.5% from October to December 2019, reverting to the original rate of 10.4% from January 2020.

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698 views1 page

House Receipt

Mr. Arun Lakshmana Raju Katta and Mrs. Gresamma Katta received a home loan of Rs. 10,00,000 at 10.4% annual interest for a property in Guntur. Their total EMIs from April 2019 to March 2020 were Rs. 1,59,588, including principal of Rs. 1,10,859 and interest of Rs. 48,729. The loan is being repaid through EMIs at monthly interest rates of 10.6% from April to September 2019, and 10.5% from October to December 2019, reverting to the original rate of 10.4% from January 2020.

Uploaded by

Arun
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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Date : 12/01/2020 TO WHOMSOEVER IT MAY CONCERN

----------------------------
TYPE : 571- RESIDENT HOME LOAN-VARIABLE RATE-MONTHLY RES ()

PROVISIONAL STATEMENT for claiming deduction under Sections 24(b) & 80C
of the INCOME-TAX ACT,1961 for the period 01/04/2019 to 31/03/2020

This is to certify that MR ARUN LAKSHMANA RAJU KATTA


MRS GRESAMMA KATTA
(Loan account number 607690612) has/have been granted a HOUSING LOAN
of Rs. 10,00,000 @10.40% per annum* in respect of the following property :
FLAT NO: 406, 3RD FLOOR,RAMYA ARCADE,NR DR.NO.3-180/48,D.NO.525, 252/A,
HIMANI NAGAR, REDDY PALEM,GUNTUR,NAGARALU,GUNTUR- 522034

The above loan is REPAYABLE in Equated Monthly Instalments (EMIs) comprising


Principal and Interest. The total amount of EMIs payable from 01/04/2019 to
31/03/2020 is Rs. 1,59,588.00. The break-up of the amount into Principal and
Interest is given below :

PRINCIPAL COMPONENT Rs. 1,10,859.00


INTEREST COMPONENT Rs. 48,729.00

NOTES :
1.Interest is calculated on monthly rests. Principal repayments are
credited at the end of each month.
2.Interest and Principal figures are subject to change in case of
prepayment/s and/or change in repayment schedule.
3.Principal repayments through EMIs and/or Prepayments qualify for deduction
under Section 80C,if the amounts are ACTUALLY PAID by 31/03/2020.
4.Deduction under Section 80C 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 the 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 HDFC.
5.Interest payable on the loan ( including Pre-EMI Interest, if any )
is allowed as a deduction under Section 24(b).
THIS STATEMENT BEING PROVISIONAL IN NATURE REQUIRES NO AUTHORISATION FROM HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED (PAN: AAACH0997E)

THE AMORTISATION OF THE LOAN IS AS PER THE REPAYMENT SCHEDULE BELOW :-


From Dt To Dt ROI(%) EMI From Dt To Dt ROI(%) EMI
APR-19 SEP-19 10.60 13,299 OCT-19 DEC-19 10.50 13,299
JAN-20 10.40 13,299

607690612
MR ARUN LAKSHMANA RAJU KATTA
NO:19,, VAIKUNTAM 2ND CROSS,
9TH MAIN, MARATHAHALLI,
BENGALURU-560037

Regd. Office: Ramon House, H T Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020.
Tel: 66316000, 22820282. Fax: 022-22811205, 22046834, 22046758.,CIN: L70100MH1977PLC019916

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