80c- loan repayment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2012
One of our staff pre-closed his housing loan during FY 11-12 from his own source of fund. Can he claim Rs.1 lakh dedn. under 80C during 11-12
Dintakurthi Tirumala
(Expert)
23 May 2012
Yes, He can claim exemption under section 80C upto Rs.1,00,000 for repayment of principle amount in housing loan.
OM SAI SRI SAI JAI JAI SAI
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