Date : 18/01/2010 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 01/04/2009 to 31/03/2010
This is to certify that MR ADHIKARI AMAL KUMAR
MRS ADHIKARI SOVONA
(Loan account number 471468760) has/have been granted a HOUSING LOAN
of Rs. 10,00,000 @10.50% per annum* in respect of the following property :
FLAT NO=G,12 TH FLOOR,GENEXX VALLEY - BUILDING 26,DIAMOND HARBOUR ROAD,DAG
The above loan is REPAYABLE in Equated Monthly Instalments (EMIs) comprising
Principal and Interest. The total amount of EMIs payable from 01/04/2009 to
31/03/2010 is Rs. 2,49,108.00. The break-up of the amount into Principal and
Interest is given below :
PRINCIPAL COMPONENT Rs. 1,92,044.00
INTEREST COMPONENT Rs. 57,064.00
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 31/03/2010.
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 RE