Tuesday, March 2, 2010

Steps for Joint Tax Declaration incase of Joint Home Loan

Here are the simple steps posted by one of my colleagues in our company news groups. Hope this will be helpful for you.

1.Fill out the indemnity bond (format should be with your company finance folks) with your details.
2.Take a printout of the above
3.Go to Koramangala BDA complex @ 2pm. (or before 1pm as 1.30pm - 2.15 pm is lunch time)
4. There are 2 shops below the Sub Registrar's office in the BDA complex (with a notary sitting in one of them). They sell blank stamp paper documents for 2/-. Buy one.
5. Go to the 2nd floor (Sub registrar's office) and after entry on the right side is the section where 'Franking' of blank stamp paper documents is done. Write your name on the blank document and mention 20/- (as the bond needs to be on a 20/- stamp paper). The gentleman there will accept your blank document, frank it with 20/- rupees (ie make it a legal stamp paper), sign it and give it back to you in 15-20 mins.
6. Take this document to any of the 2 shops below the Sub Registrar's office. They will type it out for you and get a copy of it on the 20/- stamp paper. They have the template ready (looks like many other IT folks visit them) and will hardly take 5 mins. They charge 15/-.
7. A notary also sits in one of the 2 shops. He charges 50/- to notarize the document.

Total Cost = 2 + 20 + 15 + 50 = 90/-

Cheers. Happy Tax Filing!

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