Repayment of Principal Amt. u/s 80C
This query is : Resolved
09 June 2011
Mr. X gives his son a loan to buy a house. Whether the son can claim the repayment of principal amount u/s 80C and interest u/s 24(b)?
U S Sharma
(Expert)
09 June 2011
interest may be claimed, but principal can not be, to claim the 80C benefit the loan must be with specified financial institution.
CA Sumat Singhal
(Expert)
09 June 2011
Agreed wih sharma ji..
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