Deduction u/s 80c
This query is : Resolved
03 March 2012
I have taken the loan for plot whether repayment is deductible u/s 80C ????? and if i have constructed residential house on this plot then???
03 March 2012
Repayment of loan taken on plot is not eligible to deduct u/s 80C loan taken for the purpose of construction of residential house or purchase of residential house only eligible to get deduction under section 80C and 24(b). If you constructed the residential house on that plot then also for the repayment related to such plot loan not eligible U/S 80C deduction in case you taken loan for the purpose of construction of residential house such loan repayment is eligible to get deduction U/S 80C.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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
- Two pancard
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Transfer of MF
- Can we claim ITC in 28%
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Wrongly goods delivered to other state
- Expenses add back in profit
- Can we claim RCM ITC paid on Gst audit of earlier years,
- Registration of partnership firm maharashtra
- Spice form, ? mark comes in address
- E bike purchase can get input in GST
- Interest on borrowed capital rental income
- TDS APPLICABILITIY
- Issue with PTEC Registration – PAN Already Used
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
