Deductions under 80C

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Under the old tax regime, you can claim deductions up to ₹1.5 lakh per year under Section 80C for certain homeownership expenses. This includes the principal component of your home loan EMIs, as well as stamp duty and registration fees paid when purchasing a residential property. Ensure you meet the specific conditions to avail of these tax benefits.

Shailendra Kumar

Shailendra Kumar (Querist)

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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

28 September 2025 Good luck.....

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