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80C Deduction Repayment of Housing Loan
Replies (7)
I think so you can claim the Deduction of the Repayment of Loan u/s 80C.
Regards,
Devendra Kulkarni
yes you can clim deduction u/s 80c for repayment of housing loan
can you give me the reference from the act which states it?
As per section 80C
there is deduction for repayment of
loan taken from/central/state govt/any other bank/national housing bank
for purchase or construction of residential house property.
i want to say that it is not mentioned that you must pay your loan in installment. it means you can pay it in a singal amount.
YES YOU WILL GET DEDUCTION U/S 80C
Tax benefit u/s 80C can be claimed only when the actual payment is made |
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Deduction on principal component of home loan under section 80c is allowedas soon as you start repaying the home loan. |
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RegardsK.Ilayaraja |
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As per section 80C
there is deduction for repayment of
loan taken from govt/any other bank/national housing bank
for purchase or construction of residential house property.
it is allowed on the basis of actual payment.
it is no where mentioned that you must pay your loan in installment or lumpsum.
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