Deduction u/s 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2013 dear sir,

i have taken a loan of rs.500000/- Rs. suppose i have paid all the due amount in a current year by different amount of payment then whether that amount is eligible for deduction u/s 80C limit i.e Rs.100000/-

02 February 2013 Looking Towards Your Question , You Took Loan Just For Normal Purpose ? Right ?
Not Deductible

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2013 but how can we decided its a normal use..and if its a paid in 3 years then wht ????it is allowsd or not?

02 February 2013 If You Have Taken for Housing Construction or House Property, or Educational Loan from Financial Recognised Institute then Only Allowed


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