Form 16: Why is it Important When Obtaining a Home Loan?
Form 16 for home loan is a vital document, proving income, tax compliance, and financial stability. It details salary and tax deductions, helping lenders assess loan eligibility. Ensure timely submission with other documents like ID, address, and income proof. Self-employed individuals use Form 26AS. Ensure timely submission of all necessary paperwork for a smoother approval process.