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Housing Loan EMI Deduction

This query is : Resolved 
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(Querist)
16 January 2009 Dear Sir,

I would like to know whether Hsg Loan repayment in part is eligible to get deduction u/s 80C in each year of repayment. For e.g. out of O/s Hsg Loan of Rs 2 Lacs, if i pay 50000 before Mar'09, another 50000 before Mar'10 & so on then i can get deduction in all 3 years? is there any reference material where we can find this?
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Jitender

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Jitender (Expert)
16 January 2009 only the payment is eligible for deduction u/s 80C.
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N.J.R

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N.J.R (Querist)
16 January 2009 Thnks Jitender,

But my que is slightly diff
i want t repay in a staggering manner in a span of 4 years (50000 in a yr)
shall i get deduction of 50000 of principal repayment in each of four years? is there any specific reference material which covers this type of clarification?
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N.J.R

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N.J.R (Querist)
16 January 2009 Thnks Jitender,

But my que is slightly diff
i want t repay in a staggering manner in a span of 4 years (50000 in a yr)
shall i get deduction of 50000 of principal repayment in each of four years? is there any specific reference material which covers this type of clarification?
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K V Subba Rao

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K V Subba Rao (Expert)
16 January 2009 Yes. Read provisions relating to Sec 80-C in any text book or guide authored by any one anywhere in India
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