I am 24 yrs old, looking to get a home loan my salary is ok for approval but i dont have form 16. Is it necessary to get my form 16 and more over i didnt pay ta but going to pay from here only.
2006-08-28 00:23:25 · 8 answers · asked by saran 1 in Business & Finance ➔ Taxes ➔ India
yes of course
2006-08-28 00:30:31 · answer #1 · answered by sanjay s 2 · 0⤊ 0⤋
No, Form 16 is not necessary but last three years, income tax returns are necessary. Some of the home loan companies like ICICI, even that may not be necessary, You are required to convince the home loan authority that you r eligible guy, you get the loan.
2006-08-28 00:32:45 · answer #2 · answered by u_bagwe 1 · 0⤊ 0⤋
If your income is OK for home loan. You should have been in the tax bracket. May be due to tax deduction, you may not be paying taxes. Check with the employer to issue F.No.16. Otherwise, Salary Certificate duly supported by latest payslip will also suffice
2006-08-28 03:36:43 · answer #3 · answered by andy_tl 2 · 0⤊ 0⤋
If your only source is that from Salary than you can get a certificate from your employer to that effect and furnish your income tax return to satisfy the Bank that you would be able to repay the loan and their loan would not get bad.
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2006-08-28 22:53:28 · answer #4 · answered by apurav a 3 · 0⤊ 0⤋
Not necessay, if you are submitting a copy of I-T returns of last 3-5 yrs as applicable (differs from bank to bank) and provides sufficent collateral security, guarantor, etc. then it must be okay for getting a loan.
2006-08-28 01:09:14 · answer #5 · answered by Jatin Shah 2 · 0⤊ 0⤋
how many loan given Form 16A
2013-12-18 16:47:42 · answer #6 · answered by CALSYTECH 1 · 0⤊ 0⤋
Yes of course.
2006-08-28 00:59:53 · answer #7 · answered by Mani G.India 4 · 0⤊ 0⤋
yes. to check the eligibility whether you can able to repay the loan
2006-08-28 22:15:38 · answer #8 · answered by nirmalkumarlenin 2 · 0⤊ 0⤋
might be as they ask for proodf of ur Income so one can pay them back....
2006-08-28 00:33:54 · answer #9 · answered by jass 3 · 0⤊ 0⤋