Repayment of principal amount Housing loan

ITR 777 views 2 replies
User Avatar

Student
156 Points Joined August 2009

Hi Friends...

 

A man had buyed a flat on 04-04-2008 for Rs. 9,63,000. for buying this flat he had taken a loan for Rs. 7,65,00/-.and sold the same flat on 07-01-2010 for Rs. 9,25,000. He also repaid the whole loan amount.

so can he claim the Housing Principal U/s 80C or not and also interest amount U/s 24B.

Please reply as soon as possible...

Thanx..

Reply Share Follow
On 02 February 2011 at 16:59 Report
Replies (2)
User Avatar

Learner
3134 Points Joined September 2009

 

He can claim Principal amount and interest u/s 80C Or U/s 24B till the property was in assess name.

Reply
On 02 February 2011 at 17:17
User Avatar

B€ @LW@¥$ ]-[@Pp¥
1832 Points Joined March 2009

agree with pankaj,

i say only.........that such deduction u/s 80C is available only for residential house property.

Reply
On 02 February 2011 at 17:49


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading