Dear Experts & Friends
The repayment of Principal Portion on Housing Loan is eligeble for deduction U/S 80c, If yes upto how many years the same is eligeble for deduction & the maximum limit available for deduction?
Kindly reply for the above with an example
Thank you all in advance
No time limit is there I believe but as it falls under section 80C, Rs 100000 is the maximum limit along with other deductions p.a...
| Originally posted by : Swapnil Arora | ||
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No time limit is there I believe but as it falls under section 80C, Rs 100000 is the maximum limit along with other deductions p.a... |
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Maximum deduction available u/s 80C is Rs 1,00,000/- and deduction is available in financial year in which payment is made.
No time limit is there I believe but as it falls under section 80C, Rs 100000 is the maximum limit along with other deductions p.a...
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