Query on tax exemptions under 80c

Dear Tax Experts,

I have 2 queries regarding tax exemptions under 80c:

1) I have a home loan and paying EMIs for an under construction Flat in Delhi NCR. Can I declare the repayment of Principal Amount towards tax ememption?

2) My mother bought NSC in the name of my child, but kept herself as nominee (bad choice though). Can I declare these NSC amount towards tax exemption in 80c on my name?

Thanks
Susheel

Replies (4)

Until and unless you pay u cant claim deduction under 80 C . Principal portion you can claim deduction under 80 C

Tax benefit of home loan under section 80 C for repayment of principal part of the home loan is allowed only after the construction is complete and the completion certificate has been awarded. So u can't claim deduction.

Hello,

NSC also not allowed as deduction to you u/s 80C.

Hi,

You cannot claim Principal of House Loan for the House WHICH IS UNDER CONSTRUCTION .

Once House finished you claim these as 'Prior Period Instalments'

NSC (VIII) Or NSC (IX) issus is eligible under 80C

Refer the section analysis of Section 80C In https://www.exploreincometax.com/Indian-Income-tax-Act-1961/Section-80C

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Follow