banner_ad

Sec 80c

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 June 2014 Dear Sir

My question regarding 80C is that if i construct a house from my own funds (i.e. without loan and hence no principal and interest repayment)and the house so constructed is not under any self financing or any other scheme of any development authority.

And in that P.Y. i haven't invested in any other investment option u/s 80C due to this construction.

so the question is do i eligible to get exemption u/s 80C for construction of this house.

Kindly give your opinion with related laws and Case laws if any.

Thanks
Profile Image

Anil Verma

Profile Image

Anil Verma (Expert)
30 June 2014 deduction not available under 80c.
It is clearly mentioned that payments of installments or part payments of loan taken for buying or constructing residential house property.
You have not taken any loan for this house.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
30 June 2014 nom deduction is available on repayment of loan made during the year .

you can not make repayment of loan. then you are not eligible for deduction u/s 80c.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 self financed construicted or acquired house not covered by 80C.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details