TDS on Salaries
This query is : Resolved
28 July 2009
There is a query related to exemption eligible u/s 80C :
- During the previous financial year, the assessee transferred his housing loan from one bank to another bank. Old bank has issued a interest certificate mentioning complete repayment of loan (i.e. Principal + Interest). In such a case, can we claim benefit u/s 80C to the extent of Rs.100,000/-. However, Repayment of loan has started in current year in New Bank (i.e. bank to which the Outstanding loan was trfd).
- During the previous financial year, the assessee transferred his housing loan from one bank to another bank. Old bank has issued a interest certificate mentioning complete repayment of loan (i.e. Principal + Interest). In such a case, can we claim benefit u/s 80C to the extent of Rs.100,000/-. However, Repayment of loan has started in current year in New Bank (i.e. bank to which the Outstanding loan was trfd).
28 July 2009
No it is not the repayment. It is just the closure of loan or say transfer of loan.
28 July 2009
Agree with Mr Soni. in case of transfer of loan and no repayment made during the last year, u will not get benefit under sec 80 C
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- Reporting of STCG on Property in ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
