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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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