Which document I have to submit in my company related to loan for income tax ?

POSTED BY sachinbhoinallu ON February 13, 2014 9:48 pm COMMENTS (5)

Dear sir,

Pls refer my acc statement for my sbi max gain HL acc. The total loan approved is 18,29,000.00 including sbi life. Out of this 2 disbursals have been made of a total 16,50,958. I have parked some surplus amount also. Can you check whether the acc is functioning properly. Also at any instance of time how can I check the extra amount parked by me.

Also what is the document I would have to submit in my company related to loan for income tax purpose.

Thank’s

Sachin B

Account Information

13-Feb-2014 [02:23 PM IST]
Account Details
Account Number 00000033091397925
Description SBI H L MAXGAIN AUG12
Name Mr. SACHIN VASANT BHOINALLU
Book Balance -13,38,259.50
Available Balance 4,18,078.50
Limit 17,56,338.00
Uncleared balance 0.00
Drawing Power 17,56,338.00
Currency INR
Rate of Interest (% p.a.) 10.25%
Lien Amount 0.00
Last 10 Transactions
Date (Value Date) Narration Ref. No. Debit Credit
(12-Feb-2014) TO TRANSFER
INB NEFT SBIN514043474490 SACHIN VASANT BHOINALLU
 NEFT INB: IR35250219 TRANSFER TO 3197944044306   19,605.00
(10-Feb-2014) BY TRANSFER
NEFT*HDFC0000001*N041140005491385*SACHIN V B
 TRANSFER FROM 3199417044302   46,000.00
 (31-Jan-2014) DEBIT INTEREST   9,050.00
 (31-Jan-2014) TO TRANSFER
NEFT SBIN614031868993 SAI SANE DEVELOPERS
 TRANSFER TO 99506044303   3,95,901.00
 (30-Jan-2014) TO TRANSFER
INB NEFT SBIN514030267258 SACHIN VASANT BHOINALLU
 NEFT INB: IR35297708 TRANSFER TO 3197944044306   20,005.00
 (25-Jan-2014) BY TRANSFER
NEFT*TJSB0000040*R040140250000002*BHOINALLU SACHIN
 TRANSFER FROM 3199417044302   1,10,000.00
 (16-Jan-2014) BULK POSTING
BY ECS JAN 2014
  19,599.00
 (12-Jan-2014) TO TRANSFER
INB NEFT SBIN714012407226 SACHIN VASANT BHOINALLU
 NEFT INB: IR33413197 TRANSFER TO 3197944044306   19,605.00
 (07-Jan-2014) TO TRANSFER
INB NEFT SBIN414007547776 SACHIN VASANT BHOINALLU
 NEFT INB: IR34353464 TRANSFER TO 3197944044306   10,002.50
(31-Dec-2013) DEBIT INTEREST   9,886.00

5 replies on this article “Which document I have to submit in my company related to loan for income tax ?”

  1. ashalanshu says:

    Dear Sachin, please mail your account statement on my personal mail id.

    Thanks

    Ashal

  2. ashalanshu says:

    Dear Sachin, as the possession of the house is not with you, you can not claim interest benefit on the home loan.

    thanks

    Ashal

    1. sachinbhoinallu says:

      Ok, and from the account snap shot can you confirm whether my account is performing fine.

  3. ashalanshu says:

    Dear Sachin, the loan is fully disbursed or not and the possession of the house is with you or not?

    Thanks

    Ashal

    1. sachinbhoinallu says:

      Dear Ashal, as mentioned above out of the total loan amt of 18,29000 the amt disbursed as on today is 16,50,958. Also I have not yet received the possession of the house.

      Thanks

      Sachin

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