deduction of housing loan principal U/s 80C
This query is : Resolved
21 July 2010
An Assessee has purchased a house from a interest free loan taken fron his elder brother.So can he claim such principal repayment amount as deduction U/s 80 C. Answer with Case laws supportings is highly appreciable.
21 July 2010
There is no question of claiming the principal amount paid to brother since loan taken from financial institutions alone are eligible and not payment to brother.
since the section is very clear there is no need for any case laws
since the section is very clear there is no need for any case laws
Message likes :
1 times
21 July 2010
AGREE WITH SRINATHJI. iT IS APPLICABLE ONLY FROM FI'S
21 July 2010
For eg loan taken from bank, LIC, central govt, state govt etc are only eligible...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
