Deductions under 80C
This query is : Resolved
13 May 2025
Someone please suggest
Sir,
During previous years, as per google, if someone had taken loan from a bank against property, he was allowed a deduction of 1.50 lakh per year which includes principal +interest+ registration and stamp duty paid. Is it correct? If not, then what was the deductions allowed.
Thanks
Sir,
During previous years, as per google, if someone had taken loan from a bank against property, he was allowed a deduction of 1.50 lakh per year which includes principal +interest+ registration and stamp duty paid. Is it correct? If not, then what was the deductions allowed.
Thanks
13 May 2025
The deduction u/s. 80C can e claimed under OLD regime for various investments, including:
Principal component of EMI paid for a residential property loan & for stamp duty and registration charges paid for purchasing a residential property, subject to certain conditions.
Principal component of EMI paid for a residential property loan & for stamp duty and registration charges paid for purchasing a residential property, subject to certain conditions.
28 September 2025
Good luck.....
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