ITcertificate
ITcertificate
This is to state that Mr Narasimha Chary Vishwanatham , Mrs Girija Bhavani Vishwanatham with loan account
No. 00000000010662372 has / have been granted HLPreApprovedTopMIG of Rs. 5,12,000.00 @ 11.65 per annum in
respect of the following property:
The interest amount received and principal component repaid during the period 01-Apr-2021 to 31-Mar-2022 with
respect to the above loan is as given below:
Particulars Paid from 01-Apr-2021 to 31-Mar-2022
Total EMI Amount Rs. 1,30,848.00
Rs. 91,757.00 ( Rupee Ninety One Thousand Seven Hundred Fifty Seven
Principal component
Only)
Interest component Rs. 39,091.00 ( Rupee Thirty Nine Thousand Ninety One Only)
2. Principal Repayments through MI qualify for deduction if the amounts are actually paid by 31 MAR 19.
3. The onus of establishing the eligibility for claiming deductions under Income Tax vests with the subject client and
these have not been verified/vouched by the company.
4. Deduction under Section 24(b) of the Income-tax Act, 1961, in respect of interest payable on borrowed capital, can
be claimed in accordance with and subject to fulfillment of conditions prescribed under the said section as well as
under other relevant sections or rules of the Income Tax Law. Further, deduction of Interest paid / payable for the
pre-acquisition or pre-construction period can also be claimed, in five equal installments beginning with the year in
which the house property is purchased or constructed, in accordance with and subject to fulfillment of conditions as
prescribed in section 24(b) of the Income-tax Act, 1961 as well as under other relevant sections or rules of the
Income Tax Law.
5. Deduction under Section 80C(2)(xviii) of the Income-tax Act, 1961, in respect of principal amount repayment, can
be claimed in accordance with and subject to fulfillment of conditions prescribed under the said section as well as
under other relevant sections or rules of the Income Tax Law.