INCOME TAX U/S 80-C

80 -C ME PERSONAL LOAN KA REPAYMENT OR INTEREST KA BENIFIT MILEGA KYA ?
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Quick Summary
This discussion clarifies whether personal loan repayments are eligible for tax benefits under Section 80C of the Income Tax Act. The answer is no; Section 80C only allows deductions for the principal and stamp duty portion of housing loan repayments, up to a limit of £1,50,000.

No benefit available on personal loan u/s 80C
Nahi Sir...

Aapko Section 80C meh Personal Loan ka repayment ka deduction nahi milega. Section 80C allows deduction only towards repayment of Housing Loan and that too only the Principal and Stamp Duty portion upto Rs. 1,50,000/-

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