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
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
(Expert)
05 November 2008
Are you saying additional repayment?
06 November 2008
Yes, it is allowable
Guest
Guest
(Querist)
06 November 2008
yes additional repayment than scheduled one by the bank.
S.Srinivasaraghavan
(Expert)
06 November 2008
It is no doubt allowable.
Guest
Guest
(Querist)
08 November 2008
thanks
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