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80 C

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(Querist)
02 February 2009 if a person has taken a loan for the purchase of plot of land

its emi includes interest as well as principal

interest would be allowed as preconstruction period interest after the completion of house

my quary relates to the principal component of the emi whether that will be eligible for the purpose of 80c or not
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 February 2009 Principal portion of pre EMI payment will not qualify u/s 80C.
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