80c- loan repayment

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Querist : Anonymous

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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

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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