banner_ad

80c deduction

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 January 2012 Dear Expert,
If the assessee has availed housing loan & the house is under construction can he avail repayment of housing loan Deduction u/s 80C.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
21 January 2012 The intention of law is clear but the language is not clear.
.
In my view interest is clearly allowed in installment after completion
but Principal Repayment is deductible.
.
Profile Image

CA.Vinita Gupta

Profile Image

CA.Vinita Gupta (Expert)
21 January 2012 Payment made towards Cost of Purchase /Construction of a New Residential House Property is qualified u/s 80C. Repayment of Housing Loan Deduction under u/s 80C is allowed even if the House is under Construction
Profile Image

poonam jain

Profile Image

poonam jain (Querist)
23 January 2012 Thank you so much
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details