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Principal Amount deduction under 80C for repairs of house

This query is : Resolved 
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(Querist)
24 January 2011 Pls let me know whether principal amount for loan taken for repairs of house is allowable under section 80C of income tax act & also the interest amount pls guide
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
24 January 2011 Installment paid is allowed only for construction or purchase but not for reapirs u/s 80C.

However, insterest is allowed but subject to conditions specified u/s 24B.

Regards!!!
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Guest

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Guest (Expert)
24 January 2011 I agree with Mr. Adhikari. Intt. will be allowed u/s 24(b)
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