Releted to house property

This query is : Resolved

segaa (Querist)
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09 August 2018 IF I OWNED ONE HOUSE PROPERTY THEN DEDUCTION ?
AND I WILL BUY ANOTHER H.P THEN DEDUCTION?
*BOTH ARE ON LOAN
CAN I CLAIM 80C ON BOTH PRINCIPLE AMT SIMULTANEOUSLY?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 August 2018 If both the houses are purchased/constructed from housing loan taken from the
parties mentioned in 80C (xviii)(c), then principal amount repaid on both the loan
is eligible for deduction u/s 80C.

segaa

segaa (Querist)
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27 July 2019 THANK YOU SIR FOR YOUR GUIDANCE. I HAVE ONE MORE QUESTION
IF ANY ONE MAKE REPAYMENT OF HOUSING LOAN BUT TILL DATE SALE DEED NOT EXECUTED WHETHER HE IS ELIGIBLE TO CLAIM UNDER 80C ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 July 2019 No, because he/she is not the OWNER of the property.

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