Installment payment of flat
This query is : Resolved
19 July 2014
During the FY 2013-14, i have paid Rs XXX (from self) and Rs YYY (using home loan) as 2 installments to the builder for purchase of flat. Estimated completion date of house is Aug 2014. Can i claim deduction u/s 80C for Rs XXX and the principal portion of EMI paid for Rs YYY borrowed from housing loan company?
Are there any other tax saving options in the above case?
Thanks
Satyendra
Are there any other tax saving options in the above case?
Thanks
Satyendra
19 July 2014
U can claim the principal amount of Loan Repayment u/s 80C upto Rs. 1L for AY (14-15).
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