Deduction u/s. 80c
This query is : Resolved
23 February 2012
Dear All,
I have two question.
1. if I take a housing loan from my employer; which is public limited company, repayment agst. this loan is eligible for 80C?.
2. I have paid stamp duty on purchase of flat in fy 11-12, but the possesion of flat will be received in FY.12-13. when Could I take benenfit of amount paid towards such stamp duty.
Thanks
I have two question.
1. if I take a housing loan from my employer; which is public limited company, repayment agst. this loan is eligible for 80C?.
2. I have paid stamp duty on purchase of flat in fy 11-12, but the possesion of flat will be received in FY.12-13. when Could I take benenfit of amount paid towards such stamp duty.
Thanks
Guest
Guest
(Expert)
23 February 2012
1. No
2. Yes
2. Yes
CA PARAS BAFNA
(Expert)
23 February 2012
Reply -1.
.
Yes, Principal repayment of housing loan taken from the employer public limited company, is qualified for Deduction U/s 80C.
Please Refer Section 80C(2)(xviii)(c)(8).
.
Reply -2.
.
You can claim stamp duty in the AY 2012-13, itself , as the same is being paid for the purpose of transfer of a house property in your favour.
.
.
Yes, Principal repayment of housing loan taken from the employer public limited company, is qualified for Deduction U/s 80C.
Please Refer Section 80C(2)(xviii)(c)(8).
.
Reply -2.
.
You can claim stamp duty in the AY 2012-13, itself , as the same is being paid for the purpose of transfer of a house property in your favour.
.
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