80C deducation

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This discussion clarifies whether the principal repayment of a housing loan for a let-out residential property is eligible for deduction under Section 80C. The consensus is that while the interest component of such a loan may be deductible, the principal amount is generally not allowed as a deduction under Section 80C, particularly when the property is rented out rather than self-occupied.

amitagerwal_101@yahoo.co.in

amitagerwal_101@yahoo.co.in (Querist)
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29 June 2023 Sir, I have purchase residential house and these house property is let out. can we claim principal amount of housing loan on rented flats. please confirm/explain with section

Mohan Verma

Mohan Verma (Expert)
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29 June 2023 Definitely you can claim this if Housing Loan taken

amitagerwal_101@yahoo.co.in

amitagerwal_101@yahoo.co.in (Querist)
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29 June 2023 i think rented property whole interest is allowed principal amount not allowed deduction under section 80C because Flats is rented not self occupied. sir pls explain

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