CAN ANY ONE ADVISE WHAT IS THE REBATE IF SOME ONE PAYS LUM-SUM AMOUNT FOR REPAYMENT OF HOUSING LOAN???
THANX,
K K JHA
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REBATE ON LUM-SUM PAYMENT OF HOUSING LOAN
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Obtain a certificate from bank. They will provide it mentioning the bifurcation between Principal & Interest. That amount you can claim u/s 80 c & 24.
these sections mentioned only the word re-payment irrespective of the month or date
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