80 c housing loan principal repayment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2014
hello,
One of my Clint has taken loan for building 1 st floor of his own house. can he get the benefit of repayment of loan u/s 80 c ?
One of my Clint has taken loan for building 1 st floor of his own house. can he get the benefit of repayment of loan u/s 80 c ?
Nikhil Kaushik
(Expert)
26 June 2014
yes...he can claim deduction under 80C...constructing a whole floor wont be considered as improvements..
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