Personal sbi loan
Open Singh (97 Points)
09 July 2020
I have taken a personal loan from SBI. my query is that, can I claim the principle amount in saving 80C or not, please advice
3 Replies
Vijay Prakash
(155 Points)
Replied 09 July 2020
Under section 80c provides deduction relates to Lic premia, deferred annuity, contribution to provident fund, subscripttion to certain equity shares or debentures etc. principal amount of personal loan cannot be deducted.
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