Exemption on Principal repayment of Housing Loan paid.
This query is : Resolved
Akhil Goel
(Querist)
28 January 2008
Dear Peers,
I have paid 50000/- INR(principal)as repayment of loan taken to purchase a house but house is still under construction and i have started making payment to the concerned bank from whom i have taken the loan. Please let me know that any exemption under chapter VI A is available or not....Also is there is any case law on the same.
Regards
Akhil Goel
I have paid 50000/- INR(principal)as repayment of loan taken to purchase a house but house is still under construction and i have started making payment to the concerned bank from whom i have taken the loan. Please let me know that any exemption under chapter VI A is available or not....Also is there is any case law on the same.
Regards
Akhil Goel
CA Hemant T Dewani
(Expert)
28 January 2008
dear friend
if loan is taken for construction of house
and completion certificate is not received or possession letter is not received deduction u/s 80 c is not available
if loan is taken for construction of house
and completion certificate is not received or possession letter is not received deduction u/s 80 c is not available
Akhil Goel
(Querist)
29 January 2008
Dear Hemant,
Please suggest any case law on the same
Regards
Akhil Goel
Please suggest any case law on the same
Regards
Akhil Goel
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