Repayment Home loan comes u/s 80c if borrowed from co (emplo
This query is : Resolved
surinder kumar
(Querist)
28 August 2008
If company(employer) (not bank) has lent me loan for the construction of house, will it repayment be allowed as exemption u/s 80c or not and what about interest payment on loan.
SANDEEP AGGARWAL
(Expert)
28 August 2008
Interest is not allowable u/s 80C unless it is a financial institution. As far as interest is concern you can claim it under the head income fron house propoerty
Regards,
Sandeep Aggarwal
Regards,
Sandeep Aggarwal
Ravi Bhatnagar
(Expert)
13 January 2010
princpal can be claimed u/ 80c
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