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Deduction u/s. 80c

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(Querist)
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
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Guest

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Guest (Expert)
23 February 2012 1. No

2. Yes
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CA PARAS BAFNA

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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.
.
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anurag

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anurag (Expert)
24 February 2012 Can claim both the deductions in FY 11-12.
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