Advocate
49 Points
Posted on 14 July 2013
Dear Freinds
This 100000/- payment which the assessee has made in the year 2012-13 may also would cover the interest portion along with the principal, and so along with the principal of Rs. 100000/- that is allowed under 80C you are also eligbale for interest paid under section 24.
So it is not only 100000/- under 80C that is allowed, but 100000/- under 80C + interest under 24 that you have to consider out of the 1000000/- paid when filing your return.
I hope every one agrees with me and correct me if i am wrong.
Assessee has repaid housing loan of Rs. 10,00,000/- in f.y. 2012-13 by selling the concerned house. whether Rs. 10,00,000/- is deductible u/s 80c?
Read more at: /forum/80c-repayment-of-housing-loan-256281.asp?utm_source=newsletter&utm_medium=email&utm_content=forum&utm_campaign=nl_28_2013
Assessee has repaid housing loan of Rs. 10,00,000/- in f.y. 2012-13 by selling the concerned house. whether Rs. 10,00,000/- is deductible u/s 80c?
Read more at: /forum/80c-repayment-of-housing-loan-256281.asp?utm_source=newsletter&utm_medium=email&utm_content=forum&utm_campaign=nl_28_2013: