Can any one help me in this query
Will the assessee get benifit of 80C if he repays his loan in full.
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80 c deduction for home loan repayment in full
Replies (3)
SEC 80 C permits the deduction for Loan repayment- Principal Amount only.
So whatever principal amount is repaid can be availed as deduction..
This deduction is subject to Maximum deduction of Rs. 100,000( which includes other deductions covered under this section also)
PRINCIPAL AMOUNT REPAID CAN BE TAKEN AS DEDUCTION
| Originally posted by : Khushal | ||
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Can any one help me in this query Will the assessee get benifit of 80C if he repays his loan in full. |
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80C does not deals with part / full value, if the loan is taken from any approved institution , then he can claim 80C for the principal repayment upto max ceiling of 1 lacs with others.
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