Housing Loan Joint Owner's declaration

Employee ID
Employee Name
Housing Loan A/c No

I ___________________________, hereby declare that the above Housing Loan that I have availed is in the
Joint name with________________________ who is my________________. The EMI is being paid by us
in below mentioned pattern.

I declare that the above details furnished are correct to the best of my knowledge and I will be
personally responsible for any Income Tax related issues arising out of this declaration in the future.

The Details are given below:

Name of Owner
% of EMI distribution:

(Signature of the employee) (Signature of the CO OWNER)

( PAN of CO OWNER)
Date:
 INCOME/ LOSS UNDER THE HEAD INCOME FROM HOUSE PROPERTY AND PARTICULARS
OF OTHER INCOME (OTHER THAN SALARY)
[For the Financial Year 2017-18 (Assessment Year 2018-19)]

Employees are requested to read the instructions carefully before filling up the form

1. Please note that if the employee wants the loss under the head income from house property, to be
considered for tax deduction at source from salary income, he may furnish a statement of particulars of
such loss as per the draft enclosed.

2. If the employee wants the employer that his other income,(such as income from house property, income
from other sources, etc.,) also be considered for TDS purpose along with salary TDS, he has to give the
particulars of such other income in a statement as per the draft enclosed .

3. Please note that loss other than loss from house property cannot be considered.

4. Please note that computation of income /loss from the house property should be as per sections 23 to 27 of
the Income-tax Act, 1961.

5. If the employee has more than one house property, the income/loss from each property has to be computed
as shown in the appropriate format enclosed herewith. Then the aggregate or net income/loss if any has to
be found out. For arriving at the net loss, the loss from the house property (ies) has to be set off against
income from other house property (ies).

6. Separate statement for computation of income/loss from self occupied property and/or let out property has
to be used.

7. All the relevant documents like receipts issued for rent received, lease deed, receipts for taxes paid and
interest paid etc. have to be preserved. Employees may be asked to furnish the same when demanded either
by the company or by the Income tax department.

8. In case of any change in the particulars provided, please furnish the same to Finance department
immediately.

Note: The employee can claim the loss from House Property if he/she is the owner/joint owner/co-owner
of the house property. Merely being co-obligant for the housing loan will not entitle the employee to claim
the loss from house property.
 [Where the property is let out]
(Please use one form for one property)
Computation of income/loss under the head income from house property
[For the financial year 2017-18 (Assessment Year 2018-19)]
1 Address of the property:
Bangalore

1A Amount of Loan, if any

1B If 1A is applicable, provide
Name and address of the lender (loan
Provider)
1C Date of loan sectioned (Mandatory)

1D Co owner of the housing loan:

2.1 Gross Annual value of the property Rs

(a) Actual rent received/receivable (Rs.. p.m. X Months) Rs

(b) Annual letting value (Municipal value) Rs
[Note :
- Gross Annual value of the property is ( a) or (b) whichever is higher
- However, if the actual rent received / receivable is less than the Annual
letting value ( Municipal value) for the reason that the property was
vacant during the whole or any part of the year, then the Gross Annual
value will be equal to Actual rent received/receivable]

Less: Municipal taxed paid

Rs.
2.2 Annual Value ( 2.1-2.2)
2.3 Rs.

3 Deduction u/s 24
- 30% of annual value ( as per 2.3 above) Rs. -
Interest on loans borrowed for acquiring,
construction, repair, renewal or reconstruction
of the above property Rs.
- Total Rs.

4 Unrealised rent of earlier years realised in the current year Rs

Less : 30% of above Rs
Balance Rs

5 Income/ Loss under the head income from house property

( if Sl.No. 4 is nil, amount shown here should be equal to 2.3 - 3)
( otherwise, the amount shown here should be 2.3 3 + 4) Rs.
(maximum Limit for both self-occupied and let out property is Rs.2,00,000/-

Signature of the employee

( Name.)
 ID. No

Self -Declaration format for Possession

Date:

To,
..Company Name..
..Address..
..Address..
..Address..

From,
Employee ID:
Employee Name:
..Address..
..Address..
..Address..

Sub: Self declaration for confirmation of Date of possession

I _________________hereby declare that property at _______________address __________ has

been purchased from ___________<Name & address>_________vide sale deed
________dated________ and registered on ________<date>________ & the same has been
occupied by me on ___________date_____________.

I declare that the above details furnished are correct to the best of my knowledge and
will be
personally responsible for any Income Tax related issues arising out of this declaration in
the future.

(Signature of the employee)