Deduction u/s 80C
This query is : Resolved
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.
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.
24 March 2009
Answered.
24 March 2009
i support the expert
24 March 2009
i too
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.
14 July 2009
closed.
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