80c repayment of housing loan

1187 views 7 replies

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? 

Replies (7)

No

80C has a ceiling limit of Rs. 1,00,000/- only.

Whatever may be the conditions

yes only 1,00,000/- and not 10,00,000/-

only principle part of the loan shall be allowed in 80c and its limit is 1lac..

Yes, the limit of SEc 80C is only upto Rs.1,00,000/- 

100000 limit yet not govt allowed 10,00,000

agree with all - its restricted to 100000

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:

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details