Section 80C (Housing Loan Instalments)

This query is : Resolved

Guest

Guest (Querist)

05 November 2008 Dear Experts

U/s. 80C housing loan principal repayment is allowed as deduction from income subject to limit of Rs. 1 Lac.

My total principal Repayment comes to Rs. 45000/- and total Investment u/s. 80C is Rs. 60000/- inclg above 45000/-

Now i can invest 35K more and get dudcution u/s. 80C of Max Rs. 1Lac.

So if i repay the principal amount of housing loan for Rs. 35K/- then whehter it will be allowed as deduction u/s. 80C within the limit of Rs. 1Lac.????

Thanks

Rohit

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

05 November 2008 Are you saying additional repayment?

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
Follow

06 November 2008 Yes, it is allowable

Guest

Guest (Querist)

06 November 2008 yes additional repayment than scheduled one by the bank.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

06 November 2008 It is no doubt allowable.

Guest

Guest (Querist)

08 November 2008 thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ATUL MAKWANA

seshachary

Rameshkumar Jain

suresh kotte

Mitesh

Subscribe Now

Section 80C (Housing Loan Instalments)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

CA Final