Exemption on Principal repayment of Housing Loan paid.

This query is : Resolved

Akhil Goel (Querist)
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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

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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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

Akhil Goel

Akhil Goel (Querist)
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29 January 2008 Dear Hemant,

Please suggest any case law on the same

Regards

Akhil Goel

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Exemption on Principal repayment of Housing Loan paid.

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