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HDFC 1

1. Mr. Vivekananda Penumarthi has been granted a home loan of Rs. 25,00,000 at an annual interest rate of 6.90% by HDFC for a property located in West Godavari, Andhra Pradesh. 2. The total EMIs payable from April 2021 to March 2022 is Rs. 2,14,500, comprising principal of Rs. 49,629 and interest of Rs. 1,64,871. 3. The loan is repayable in EMIs as per the repayment schedule provided, with interest calculated on a monthly basis and principal repaid at the end of each month.

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213 views1 page

HDFC 1

1. Mr. Vivekananda Penumarthi has been granted a home loan of Rs. 25,00,000 at an annual interest rate of 6.90% by HDFC for a property located in West Godavari, Andhra Pradesh. 2. The total EMIs payable from April 2021 to March 2022 is Rs. 2,14,500, comprising principal of Rs. 49,629 and interest of Rs. 1,64,871. 3. The loan is repayable in EMIs as per the repayment schedule provided, with interest calculated on a monthly basis and principal repaid at the end of each month.

Uploaded by

Vivekananda Penumarthi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Date : 21/12/2021 TO WHOMSOEVER IT MAY CONCERN

----------------------------
TYPE : 5711- VARIABLE RATE HOME LOAN-MTHLY REST - RURAL ()

PROVISIONAL STATEMENT for claiming deduction under Sections 24(b) & 80C
of the INCOME-TAX ACT,1961 for the period 01/04/2021 to 31/03/2022

This is to certify that MR VIVEKANANDA PENUMARTHI


(Loan account number 616132675) has/have been granted a HOUSING LOAN
of Rs. 25,00,000 @6.90% per annum* in respect of the following property :
S NO 69/1,DOOR 4-114,DISTRICT,WEST GODAVARI,COLONY PENTAPADU,VILLAGE
ALAMPURAM,ASSESSMENT,NO: 582,WEST GODAVARI- 534150

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


Principal and Interest. The total amount of EMIs payable from 01/04/2021 to
31/03/2022 is Rs. 2,14,500.00. The break-up of the amount into Principal and
Interest is given below :

PRINCIPAL COMPONENT Rs. 49,629.00


INTEREST COMPONENT Rs. 1,64,871.00

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 31/03/2022.
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-21 APR-21 6.95 17,875 MAY-21 NOV-21 6.90 17,875
DEC-21 6.90 17,875

616132675
MR VIVEKANANDA PENUMARTHI
35-33-13, BOMMALA STREET,
WEST GODAVARI-534211

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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