Daily Tip: Save more on your ITRs with your Home Loan Provisional Certificate


COVID-19 has forced many SMEs to make tough decisions. It’s time you work smart and get the most out of your tax deductions to get through this year.

Did you know, if you’re currently repaying a home loan, you are eligible for a deduction on your Income Tax Returns (ITRs)? Ask your home loan lender for a Home Loan Provisional Certificate, so you can submit it with your 2020-2021 ITRs! 

The deadline for individuals to file their ITRs for the 2020-2021 Financial Year has been postponed to 31 December 2021. The Finance Ministry announced the extension in early September:

“The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September 2021 vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st December 2021.”

So, you still have some time to get your Home Loan Provisional Certificate to submit with your ITRs if you don’t already have a copy of it. 

Read more tips on how to save money this year on our blog.

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