Property Sale Deed or Sale Agreement for Income Tax scrutiny on Housing loan?
I'm trying to find out how the property purchase next to dune loan is
represented to Income Tax Office.
Its very well set that within Bangalore public sale creation shows a different price for flat/house
registration and mart agreement give the actual price on which Bank offer
loan. Now while presenting details of housing loan if we show public sale action then
loan amount will be more than the price of flat which can not be true.
I will asume producing Dutch auction agreement will be party. Trying to find out if
Dutch auction agreement is standard by IT organization or not.
If anyone have any awareness on this please reply
Answers:
Sale agreement is not a conclusive evidence to establish your ownership for the purpose of Income Tax Act. If you want to avail conclusion and rebate, you should produce Sale action alongwith completion licence.
If you hold purchased the property by availing hill loan, consequently the lenders will not allow you to register for the helpfulness minor than the loan amount advanced.
as far as as i know no dune will loan u an amout greater than what is shown on the registration achievement ( sale action, as u ring up it ).
I know the actual price shown written and actully rewarded is diffrent adjectives over India, not bangalore just.
Please check next to your merchant banker and u will receive alike information that i am giving u.
How much would my taxes step up if I built a 2 vehicle detach garage within Putnam?
Can I exchange blows a property excise assessment? How? Do I hold a fortune of unbeaten?
Need to work out a sum?
How to report ex boss to IRS?
Can rebate u/s 88E of Income export tax feat be availed by a company if MAT (Minimum Alternate Tax) is Applicable?
represented to Income Tax Office.
Its very well set that within Bangalore public sale creation shows a different price for flat/house
registration and mart agreement give the actual price on which Bank offer
loan. Now while presenting details of housing loan if we show public sale action then
loan amount will be more than the price of flat which can not be true.
I will asume producing Dutch auction agreement will be party. Trying to find out if
Dutch auction agreement is standard by IT organization or not.
If anyone have any awareness on this please reply
Answers:
Sale agreement is not a conclusive evidence to establish your ownership for the purpose of Income Tax Act. If you want to avail conclusion and rebate, you should produce Sale action alongwith completion licence.
If you hold purchased the property by availing hill loan, consequently the lenders will not allow you to register for the helpfulness minor than the loan amount advanced.
as far as as i know no dune will loan u an amout greater than what is shown on the registration achievement ( sale action, as u ring up it ).
I know the actual price shown written and actully rewarded is diffrent adjectives over India, not bangalore just.
Please check next to your merchant banker and u will receive alike information that i am giving u.