Can a bank refuse to issue a statement of payment of pre-EMI interest for claiming tax relief?
Anil Malladi, Hyderabad
Normally, the bank would issue a yearly statement showing interest paid on the home loan, to enable you to claim the income tax concessions on interest and principal paid by you. For any other requirement, you will have to make a written application, and the bank should be able to issue the statement you need, after applying charges for such a facility. When the bank issues such a statement, your account will show a debit towards the payment of the amount. These days, you could also pull a digital statement of the same from your online account; this however, may not have the stamp seal that banks and lenders usually mark on the statement.
