80cc - is repayment of hand loan from relative exempted

941 views 3 replies

Dear All,

One of my employee has submitted proof of borrowings and repayment from his relative for constructing his house.

He claims that repayment of loan (either from financial or non financial institution) obtained for constructing a house is to be considered as Housing Loan and is exempted under 80 CC of the Income Tax Act.

I would like to know if there is any clause relating to the above and should I consider or not consider this.

Thanks in advance.

 

Replies (3)

You can claim exemption

You can get deduction...
Comment testing in ios...!!!!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details