Section 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2012
sir, i want to ask if a huf is purchasing a house in its own name and making payment in LUMPSUM AND NOT IN INSTALMENT whether then also he is able to get deduction in 80c?
26 May 2012
The deduction will be available if the paymnet is towards REPAYMENT of amount BORROWED from a bank or other specified institutions.
If the house is self financed, then deduction is NOT available.
If the house is self financed, then deduction is NOT available.
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