Repayement of shop loan
This query is : Resolved
24 February 2018
Whether principal repayment on shop loan is eligible under 80c deductions?
25 February 2018
Yes, Shop purchase loan EMI can eligible only individuals or HUF Can claim principal maximum Rs.150000/- under 80c
Business loan can Principal payment only reductions in Loan payable, same can not be claimed under 80c
Business loan can Principal payment only reductions in Loan payable, same can not be claimed under 80c
26 February 2018
No, because 80C is for repayment of loan against 'residential house property' only.
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