The document provides Excelity's recommendations for handling common exceptions seen in documents submitted for an IPSF supporting component. It includes recommendations for exceptions seen in rent receipts, disability certificates, children's fee receipts, documents related to self-occupied and let-out house properties, and documents related to loans. The recommendations generally involve either considering a standard assumption when information is missing, or rejecting claims that are missing required documentation.
The document provides Excelity's recommendations for handling common exceptions seen in documents submitted for an IPSF supporting component. It includes recommendations for exceptions seen in rent receipts, disability certificates, children's fee receipts, documents related to self-occupied and let-out house properties, and documents related to loans. The recommendations generally involve either considering a standard assumption when information is missing, or rejecting claims that are missing required documentation.
The document provides Excelity's recommendations for handling common exceptions seen in documents submitted for an IPSF supporting component. It includes recommendations for exceptions seen in rent receipts, disability certificates, children's fee receipts, documents related to self-occupied and let-out house properties, and documents related to loans. The recommendations generally involve either considering a standard assumption when information is missing, or rejecting claims that are missing required documentation.
Guidelines for handling exceptions in IPSF supporting
Component Exceptions Excelity Recommendation
Rent Receipt Rent Receipts are not attached as per Consider rent only for the period for guidelines which receipts are attached. Balance period will not be considered Rent Receipts do not contain full address / Consider based on the declaration Month and year submitted in the IPSF covering sheet Rent Receipt does not have Landlord PAN Rent receipt without Landlord number, Date of receipt, signature, etc signature/date to be rejected. Rent receipt > Rs.8333/- per month without PAN to be rejected. 80DD - Disability % is not mentioned in the Consider disability % as <= 80% Maintenance/Medical certificate attached Treatment of Handicapped dependents 80U - Deduction in Disability % is not mentioned in the Consider disability % as <= 80% case of Disability-Only certificate attached Self Children Tuition Fees Fee Receipt contains Term Fees instead of Considered as valid proof Tuition Fees Fee Receipt does not provide the breakup Consider the entire amount as valid of Tuition fees. Is a consolidate receipt proof Loss on Self-Occupied Self-occupied benefit and HRA is claimed HRA benefit will be disallowed. Only house property for the same period, in the same city for self-occupied benefit will be provided the full year More than one property is claimed as self- Only the first property will be occupied considered. Second property will be disallowed Possession of the property is after the cut- Possession letter is mandatory as per st off date but before 31 Mar ’18, but circular no 8/2012, dated 5th October possession letter / completion certificate 2012. not submitted For Joint loans, percentage of employee Consider only 50%, as employee share not mentioned share is not mentioned Loss / Income on Let Employee claiming let-out property benefit Benefit disallowed out House Property without rental income or notional income For Joint loans, percentage of employee Consider only 50%, as employee share not mentioned share is not mentioned Loan sanction amount / loan sanction date Benefit disallowed / date of possession is not mentioned
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