Can exemption be claimed for purchase of house?

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6 Points Joined August 2018

Dear All,

Can exemption be claimed u/s 80C for the amount paid for booking/purchase of builder flat?

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On 04 April 2019 at 20:03 Report
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GREAT POLITICAL LEADER
378 Points Joined December 2015
yes if it is for residential purpose
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On 04 April 2019 at 20:41
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Assistant Accounts Officer (Retd) in Ele
106 Points Joined January 2015
Source of amount should be Established first
House has to be self occupied
1.5 lakh is maximum eligibility
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On 04 April 2019 at 20:44
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MD | Genuine Filings
781 Points Joined May 2018
No, you can't claim deduction u/s 80C for purchase of building/flat, if purchased out of own fund, however, deduction of principal amount can be claimed, if purchased by taking Loan from Bank, u/s 80C subject to satisfaction of other conditions too.
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On 04 April 2019 at 20:48


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