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.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
