Reversal of 80c charges
This query is : Resolved
17 March 2015
Sir,
I have a house which had been purchased around 2 years ago. I have taken 80C deductions of 100000 each year for principal repayment. Now I have sold the house. So, accordingly as holding period is less than 5 years the 80C shall be reversed. I want to know in which head does the 80C reversal shall be counted in?
I have a house which had been purchased around 2 years ago. I have taken 80C deductions of 100000 each year for principal repayment. Now I have sold the house. So, accordingly as holding period is less than 5 years the 80C shall be reversed. I want to know in which head does the 80C reversal shall be counted in?
Amol S Joglekar
(Expert)
17 March 2015
You can show it under income from other sources.
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