August 28, 2012 2:23 pm
I am salaried individual. Is Income tax return mandatory to get home loan from banks or If I have form 16 of all my employers will do.
I do not have IT return for financial year 2009-10. I was abroad and some how missed it. I have IT return for 2008-09, 2010-11 and this year ie 2011-12.
Will it cause any problem for procuring home loan?
Dear Dipesh, relax, as you do have ITRs for 2 immediate previous FYs, normally bank ‘ll not ask for 3rd FY’s ITR. In case bank demands it, you may provide the form 16 of FY 2009-2010 & ITR of 2008-2009.
Dear Dipesh, May I know why do you not have ITR? In the absence of ITR, if you are giving only form 16, the bank ‘ll look the data with a suspicion.
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