21 February 2013
A person purchase an old residential house from his own fund. Can he get Rebate U/S. 80 C towards payment for purchase of resident house?
If he will take loan from any person (other than bank or housing finance or other financial institute) can he get rebate U/S. 80 C towards payment for purchase of resident house?
21 February 2013
for 1st part agree with Mr. Mohit
but in second case it is wrong. you can't claim 80C if you take loan from a individual. only following loans are permissiable: Loan from central Govt or State Govt Bank including co-operative banks LIC National housing bank Public company assessee employer but employer must be public company
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