Deduction

Hi Joshi..,

Repayment of principal is just reduction in your liability u cannot claim it is deduction..,

only housing loan principal can be claimed u/s 80c.

But interest paid on loan can be adjusted agaist the insurance income...,  provided that the asset must be used in connection with ur insurance agency business.

Not at all, You can not claim two wheeler loan principal  u/s 80c

two wheeler loan interest and principle amount cannot allowable as deduction U/S 80C

Thanks to all