Can deduction under section 80C allowable on housing loan interest as the person having loan is paying interest continously and dont have possession after two years. Should I give him the benefit U/s 80c or it will be applicable after two years
Please also mention the IT refernce
Thanks
Ragards
Rajesh
First thing i want to say you that housing loan interest is subject to deduction under section 24(b) not under section 80c for the deduction under section 80c housing loan principal repayment is taken into consideration.
i agreed with sandeep reply.
thats right sandeep iam agreed with your suggession...
CAclubindia
