80c deductions
This query is : Resolved
B.V.Vijaya Lakshmi
(Querist)
21 January 2014
Sir,
Is Deduction of Housing loan repayment will be allowed only when the loan is taken from recognized Institutions and banks ? If the housing loan is taken from an individual then the deduction U/S 80C will be allowed or not?
Is Deduction of Housing loan repayment will be allowed only when the loan is taken from recognized Institutions and banks ? If the housing loan is taken from an individual then the deduction U/S 80C will be allowed or not?
HUZAIFA HUSSAIN
(Expert)
21 January 2014
U/s 80C Deduction can be claimed towards repayment of housing loan taken from Govt., bank,cooperative bank, LIC, NHB, assessee's employer if the employer is public company or public sector company or university or cooperative society. So, it is clear from the above that repayment of housing loan from any individuals are not allowed
B.V.Vijaya Lakshmi
(Querist)
21 January 2014
Thank You so much sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
