Dear Sir,
Please to inform you that me (Bhuvnesh Maheta – Salaried) & my father (Himanshu Mehta – Salaried) has taken joint home loan from AXIS bank. We have defined our ownership of property 31.15% for me & 68.85% for my father. We are paying EMI in the same proportion (Internal transfer the fund).
Now during the Financial Year 2012-13, my expected gross income is 3.15 lacs & my father's expected gross income is Rs.4 lacs. Bank has issued a provisional interest certificate to us as below mentioned details.
Principal Component: Rs.71900/-
Interest Component: Rs.221620/-
As per ownership, we have bifurcated the Interest & Principal in between to get the tax benefit.
Details Son Father Total Cost
Share of each party in ownership 31.15% 68.85% 100.00%
year 201213
Interest Component 69043 152577 221620
Principal Component 22400 49500 71900
You are requested to let us know is it ok?
Thanks & Regards,
Bhuvnesh Maheta
+919376038883
Please to inform you that me (Bhuvnesh Maheta – Salaried) & my father (Himanshu Mehta – Salaried) has taken joint home loan from AXIS bank. We have defined our ownership of property 31.15% for me & 68.85% for my father. We are paying EMI in the same proportion (Internal transfer the fund).
Now during the Financial Year 2012-13, my expected gross income is 3.15 lacs & my father's expected gross income is Rs.4 lacs. Bank has issued a provisional interest certificate to us as below mentioned details.
Principal Component: Rs.71900/-
Interest Component: Rs.221620/-
As per ownership, we have bifurcated the Interest & Principal in between to get the tax benefit.
Details Son Father Total Cost
Share of each party in ownership 31.15% 68.85% 100.00%
year 201213
Interest Component 69043 152577 221620
Principal Component 22400 49500 71900
You are requested to let us know is it ok?
Thanks & Regards,
Bhuvnesh Maheta
+919376038883