Housing Loan Repayment -80C Deduction.

Ofcoarse its deductible

Yes it is deductible...subject to overall limit of Rs.1 Lac under Sec 80C...

Mr.Dharmendra Kumar

Section 80C(2)(xviii) is very clear.  Pleasse go through the section.  You can claim the repayments made towards housing loan obtained for construction/purchase of a house. The said house may be self occupied or may be let out.

Best Wishes

Sathikonda

Originally posted by : Dharmendra kumar
	Is Housing Loan Repayment for Let Out House Property is deductible under section 80C? plz reply.. its urgent.....

only the principal is covered by 80C.. interest is covered by 24(b)

Mr.G.K.

You are correct.  Mr.Dharmendra kumar is talking about repayment of principal only.

Best Wishes

Sathikonda

agree with G.K.

Principal is covered u/s 80c and Interest u/s 24b

U/S 80C, any payment made to Bank/ financial institution on loan towards cost of purchase/construction of residential property is eligible as qualifying amount subject to max: limit of Rs.1,00,000/-. The interest component qualifies for deduction U/S 24b up to Rs.1,50,000/- subject to purchase/construction after 1999.

deduction upto total of Rs. 1 lahk for principal u/s 80c , rebate for interest u/s 24 upto Rs. 150000 ,

no rebate for any  fine charged by bank  or any interest charged over any unpaid fine  

 Yes it is deductible. 

Originally posted by : Mahavir Bagri
	Yes it is deductible...subject to overall limit of Rs.1 Lac under Sec 80C...

Dats a right answer...

Simple and clear answer is, Yes u can take deduction for the repayment of housing loan u/s 80C. 

Yes, that is right

Originally posted by : Pragya Jha...waitin 4 reslts
	Originally posted by : Mahavir Bagri Yes it is deductible...subject to overall limit of Rs.1 Lac under Sec 80C...   Dats a right answer...

Yes ,it is deductible U/S 80C

yes.................