V Vara Prasad
(Chartered Accountant)
(212 Points)
Replied 25 November 2012
Under 80 C repayment of Housing loan is allowed as deduction not the amount used from our own sources. So no 80c deduction in your case.
Ramakrishna Kamat
(CA)
(76 Points)
Replied 25 November 2012
In such cases only stampt duty, registration fees and other expenses for the purpose of transfer of such house property to the assessee if any are eligible for deduction under section 80C (2) (xviii) (d)
Saket Sinha
(Student)
(129 Points)
Replied 25 November 2012
No cost incurred from own funds are not allowed as deduction. Only the amount such as registration fees etc are allowed.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 26 November 2012
| Originally posted by : Saket Sinha | ||
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No cost incurred from own funds are not allowed as deduction. Only the amount such as registration fees etc are allowed. |
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