Housing loan deduction u/s 80c
This query is : Resolved
mansi dedhia
(Querist)
27 August 2013
Principal component of housing loan can claimed as deduction for how many years? is it only in d 1st year or over the full tenure of the loan untill it is paid off?
Dintakurthi Tirumala
(Expert)
27 August 2013
It is valid until it is paid-off provided you have principle repayment each year.
In one word in any year you make a principle repayment of housing loan then you can claim deduction u/s 80C for the amount of repayment of principle payment during such year subject to the section 80C maximum deduction allowable.
OM SAI SRI SAI JAI JAI SAI
In one word in any year you make a principle repayment of housing loan then you can claim deduction u/s 80C for the amount of repayment of principle payment during such year subject to the section 80C maximum deduction allowable.
OM SAI SRI SAI JAI JAI SAI
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