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Repayement of shop loan

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(Querist)
24 February 2018 Whether principal repayment on shop loan is eligible under 80c deductions?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 February 2018 No, because 80C is for repayment of loan against 'residential house property' only.




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