Principal Amount deduction under 80C for repairs of house
This query is : Resolved
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
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!!!
However, insterest is allowed but subject to conditions specified u/s 24B.
Regards!!!
Guest
Guest
(Expert)
24 January 2011
I agree with Mr. Adhikari. Intt. will be allowed u/s 24(b)
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