Dear Sir / Madam, One of my friend has remitted Rs. 1,10,000/- at a time against his total house building loan of Rs. 9,00,000/- from a nationalized Bank. Is this amount is eligible u/s. 80C along with EMI ( HBL, Principal part) ?? Please Guide.
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Principal repayment against house building loan
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Yes, principal repayment of housing loan is eligible for deduction u/s 80C upto Rs. 1,50,000.
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