28 June 2013
One of my client has booked a flat and housing loan is approved by bank, and bank pays installment to the builder, the possession of flat will be next year. The repayment of housing loan is done by client, whether the principle portion is eligible for deduction in 80C as the interest will be deducted in 5 years when the flat is ready. I just want to know whether he is eligible for 80 C deduction now or not?