Deduction u/s 80C

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chetan soni (Querist)
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24 March 2009 Please answer it urgently!!!

Case facts : i have original housing loan from ICICI bank. I have transfer my loan in sept 08 from ICICI to SBI & paid outstanding principal of Rs. 16L & shifted my loan. From Oct to Mar i have paid Rs. 80K on account of principal 65K & 15K on account of principal repayment to SBI.

My Question : How much i can claim in sec 80C?

Whether it 16L+15K = 16.15L or its only 15K.

In case of 15K then please give me the details of rule or section note or any other case law for that.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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24 March 2009 Answered.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 March 2009 i support the expert

SANJAY VERMA

SANJAY VERMA (Expert)
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24 March 2009 i too

taxindiaconnect

taxindiaconnect (Expert)
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30 April 2009 under 80C the limit is only 1 Lac maximum. So in any ase you can not claim 16.15 Lac. However according to me your eligiblity to claim Rs 100 k should not be hampered by the fact that the loan is refinanced.

chetan soni

chetan soni (Querist)
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14 July 2009 closed.

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