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Deduction u/s. 80 c

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(Querist)
17 February 2014 Whether a deduction available under section 80C for payments made towards a loan from employees' Co-op Society
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
17 February 2014 If such a loan has been taken from the co-op Society of which the assessee is a member and the said loan has been taken for acquiring a residential house property, then deduction U/s 80C can be availed towards repayment of loan.
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Suresh D Shah

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Suresh D Shah (Querist)
21 February 2014 Whether such loan should be a term of more than 5 years or more ? And if the same is repaid within a year or two years, then eligible for deduction under Section 80C ?

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