Deduction U/S 80C
This query is : Resolved
Narpat S Gaur
(Querist)
21 February 2008
An assesee who settle his housing loan and paid final settlement alongwith interest in previous year, then what he can claim full amount of settlement which is more than one lac for taking deduction u/s sec 80C
21 February 2008
NO,DEDUCTION U/S 80C IS MAXIMUM UPTO 1 LAKH AND IT CANNOT EXCEED THAT UNDER ANY CIRCUMSTANCES. INTEREST PAID IN RESPECT OF FLAT INSTALMENT CAN BE CLAIMED UPTO RS.150000/- UNDER HEAD HOUSE PROPERTY.
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